The State offers four incentives to help encourage business expansion and new business development within an enterprise zone. Each of these incentives works independently of each other, allowing the business the opportunity to apply separately for each incentive when it is most advantageous.
Exact requirements vary for each incentive.
For this incentive, requirements depend on whether a business is new or existing. A new business is one that starts operations after an enterprise zone is designated. An existing business is one that was in operation when the enterprise zone was designated. Enterprise zone designation dates are available by calling the Department of Housing and Community Development or the local enterprise zone office. Existing Businesses must increase their full-time workforce by ten percent.