What are the benefits of the UEZ program, and how does it foster economic growth in New Jersey?

The Urban Enterprise Zone (UEZ) program continues to support businesses in distressed areas by reducing the sales tax rate to 3.3125%. This incentive encourages local spending, attracts new businesses, and fosters job creation.

For example, retailers within UEZs benefit from increased customer traffic due to competitive pricing. Additionally, the program helps local governments revitalize underdeveloped areas, creating long-term economic benefits for the state.