The Camden Urban Enterprise Zone
The City of Camden was designated as an Urban Enterprise Zone in October 1984. The designation prompted by
the New Jersey Urban Enterprise Zone Act of 1983 authorized the provision of tax incentives and other benefits to businesses
in targeted distressed urban areas throughout the State of New Jersey. The intended impact of the Urban Enterprise Zone legislation
was the revitalization of the State's distressed urban communities through the creation of private sector jobs and investment
in targeted urban areas.
In Camden, since the Urban Enterprise Zone's inception, 427 private sector employers
have participated in the program, creating 1,683 full-time jobs and investing $446,181,958. The Camden City Urban Enterprise
Zone Program is administered under the auspices of the City of Camden, and can be reached at(856) 757-7600.
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The Camden
Urban Enterprise Zone
offers:
3.5 SALES TAX
REDUCTION * SALES TAX EXEMPTION FOR BUSINESS OWNERS * $1500 TAX CREDIT FOR FULL
TIME EMPLOYMENT OF CAMDEN
RESIDENTS * SUBSIDIZED UNEMPLOYMENT INSURANCE
FOR THOSE WHO QUAIFILED * ENERGY
ASSISTANT PROGRAM FOR MANUFACTORS*
BUSINESS EMPLOYMENT INCENTIVE *
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Vincent Basara U.E.Z. Coordinator
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