Urban Enterprise Zone

The City of Asbury Park is designated as a New Jersey Urban Enterprise Zone (UEZ). This program provides incentives to locate your business in Asbury Park.

Benefits of Participating in UEZ

Those benefits include:

  • Energy sales tax exemption for qualified manufacturing firms with at least 250 employees, 50% of whom are working in manufacturing
  • Financial Assistance from agencies such as NJEDA
  • Reduced Sales Tax - currently 3.3125%, effective January 1, 2018
  • Subsidized unemployment insurance costs for employees who earn less than $4,500 per quarter
  • Tax Credit Options (owners may elect one of the following) Up to $1,500 for new permanent full-time employees hired or up to 8% Corporate Business Tax credit on qualified investments
  • Tax-free purchases on certain items such as capital equipment, facility expansions, and upgrades

View more information about UEZ, including how to qualify.

Find out how to open a business in Asbury Park (PDF).