Camden City Program Overview

The Urban Enterprise Zone Program (UEZ) was enacted by the New Jersey State Legislature in 1983 to revitalize the State's most distressed urban communities through the creation of private sector jobs and public and private investment in targeted areas within these communities.

The Camden Urban Enterprise Zone (UEZ) was first designated in 1984 Since its inception over 150 businesses have registered in the Camden Urban Enterprise Zone Program, creating 339 jobs and enabling businesses to invest over $584,504.00 dollars in their businesses.

Zone Incentives For Businesses

• 100 % sales tax exemptions for materials and tangible personal property (rugs, building materials, computers etc.
• Qualified retail businesses may charge 50% of the mandated 6% NJ sales tax on certain in person purchases. (50% off regular sales tax rate to your customers on taxable items)
• A one-time corporation tax credit of $1500 for each full-time permanent employee who is a resident of a municipality in which a zone is located and has been unemployed for at least 90 days or dependent upon public assistance.
• Subsidized unemployment insurance costs for certain new employees with gross salaries less than $4,500.00 per quarter as per Department Labor schedule
• Tax credit against the Corporation Business Tax of 8% of Investment in the zone by an approved "In Lieu" agreement with the Urban Enterprise Zone Authority and Municipality.
• Priority financial assistance from the New Jersey Local Development Financing Fund (LDFF) and Department of Labor Job Training Program.