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.