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FAQs
Urban Renewal Programs (UEZ & Brownfields)
[QUESTION] What benefits does a business enjoy if it's located within one of New Jersey's urban enterprise zones?
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[QUESTION] How many urban enterprise zones are there in New Jersey?
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[QUESTION] How old is the UEZ Program and how many Zones have been created since its inception?
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[QUESTION] How much money have UEZ businesses invested into New Jersey's urban communities and how many jobs have been created?
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[QUESTION] What exactly is Brownfields?
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New Jersey offers a number of programs to encourage the redevelopment of the State's urban areas. These include a number of financial benefits for those companies creating jobs within urban areas, as well as financial assistance for those taking part in urban redevelopment.
New Jersey has 32 Urban Enterprise Zones (37 municipalities) throughout the state providing significant incentives and benefits to businesses that locate within the zones.
Few programs have proven more enduring and successful than the New Jersey Commerce & Economic Growth Commission's nationally acclaimed Urban Enterprise Zone (UEZ) Program. Since 1984, it has been a hallmark for urban revitalization and a cornerstone for economic growth and development. Due to this success, the number of Urban Enterprise Zones has expanded from an original 10 in 1984 to the 32 zones in 37 municipalities today.
The program has helped create 157,000 full-time jobs within the zones. This represents a total private investment estimated at $20.4 billion by these businesses.
Another successful initiative New Jersey is utilizing in its pursuit of further urban revitalization is the Brownfields Incentive for Industrial Cleanup. Created under the Brownfields and Contaminated Site Remediation Act of 1998, the Brownfields Redevelopment Incentive Program is designed to provide financial incentives for developers to cleanup and redevelop New Jersey's estimated 10,000 closed municipal landfills and polluted industrial sites.>>more info.
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