Enterprise Zone Tax Credits
Real Property Tax Credits:
Ten-year credit against local real property taxes on a portion of real property improvements. Credit is 80% the first five years, and decreases 10% annually to 30 percent in the tenth and final year.
Income Tax Credits:
A one-time $1,000 credit per new worker. For economically disadvantaged employees, the credit is $6,000 per employee over three years.
Businesses seeking Property Tax Credits must apply to the Office of Economic Development prior to completing the construction or expansion project. Property tax credits may not be granted retroactively. The map below indicates, by number, the location of each zone.