Category:New Jersey Urban Enterprise Zone

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An Urban Enterprise Zone is an area within a municipality (or group of municipalities) in New Jersey which has suffered economic problems and meets certain other criteria. A municipality may request that the New Jersey Urban Enterprise Zone Authority designate part of the city, usually about 30%, as an Urban Enterprise Zone. Urban Enterprise Zones are usually located in the industrial and/or commercial portions of a city, within a continuous boundary. The Sales tax rate is half of the rate charged statewide and hiring incentives are designed to reinvigorate the business climate within the Zone.