What are some key facts related to Enterprise Zones?

July 30, 2020

  • 7-year term
  • No loss in existing tax base revenue
  • As of right
  • Low barriers to entry
  • Low legislative involvement
  • Shorter implementation process
  • Little reporting required
  • Must include a physical improvement as it is a deferral on property tax increases due to improvements
  • Can be layered with other incentives/programs