PROGRAMS OFFERED BY THE STATE OF NEW JERSEY
PROPERTY TAX ABATEMENT
• 30-year tax PILOT – Payment in Lieu of Taxes
• Fixed tax rate of +2% per year per square foot
• Flat tax rate through entire term
• Greater than 50% savings vs competing properties
URBAN ENTERPRIZE ZONE (EUZ)
• Up to 50% reduction in sales tax rate on certain purchases
• Tax exemption on qualifying capital equipment for new facilities
• Up to $1,500 tax credit per full-time employee
• Subsidized unemployment insurance income less than $4,500 per quarter