What are the benefits of becoming a certified business in the Urban Enterprise Zone (UEZ)?
  1. First of all, you have access to the programs and services offered by the Passaic Enterprise Zone Development Corporation. This includes loans to enhance your business, free graffiti removal, and much more. Check out the "Programs and Services" page for more information.
  2. Next, you get to charge your customers only 3.5% sales tax on the sale of most tangible goods (as opposed to the standard 7%). That means what you sell will cost your customers less. That will boost your sales.
  3. Members of the UEZ can buy things tax free. What kind of things? Air conditioners, computers, and almost any good or service. Those with under 1mil in revenues can obtain this tax free at the point of purchase. Those over 1mil get the sales tax reimbursed.
  4. A limited number of businesses will also be able obtain corporate tax credits for the hiring of certain qualified employees.
  5. The money you collect in sales tax will go to help your city. As the city’s economy becomes more active and robust, your business will benefit as well.

Show All Answers

1. What is an Urban Enterprise Zone (UEZ)?
2. Where is the Passaic Urban Enterprise Zone (UEZ) located?
3. How does a business owner become certified as a qualified business?
4. What are the benefits of becoming a certified business in the Urban Enterprise Zone (UEZ)?
5. When can a business owner obtain the benefits and exemptions of a Urban Enterprise Zone (UEZ)?
6. How do I take advantage of the Urban Enterprise Zone (UEZ) Programs?
7. How long is my certification good for?
8. Are businesses ever denied recertification?