Enhanced Enterprise Zone
Both the City and State offer tax incentives to businesses investing within certain areas of the City called the Enhanced Enterprise Zone.
About the Incentives
- The City and State offer tax incentives to businesses that invest in certain geographical areas of the City, called the Enhanced Enterprise Zone.
- The minimum threshold to receive both City and State incentives is a capital investment of at least $100,000 and the creation of at least two new jobs.
- The City offers 10-year real estate tax abatement to businesses that meet those requirements (see attached application.
- The State offers a myriad of benefits, including job credits, investment tax credits, 50% corporate income tax exemption, and a personal property tax incentive to qualifying businesses.
Use the search below to determine if an address is located in an economic development boundary.
Economic Development Boundary Address Search
Use only street address with no suffix, like this: 1520 Market
Do not use street suffix, city, state, or zip code.