The Urban Enterprise Zone (UEZ) in Paterson, NJ is a program established by the State of New Jersey to promote economic development and employment in distressed cities. As one of the 37 zones in the state, Paterson became a designated UEZ city in 1994. Qualified retail businesses in the zone can charge half of the state's sales tax on certain purchases, while all member businesses enjoy tax exemptions on operating supplies. Manufacturers may also qualify for sales tax exemptions on energy and utility services.
The UEZ in Paterson has successfully utilized social media to spread its mission and has gained several new businesses since its inception. With no registration fee, businesses located within the boundaries of the Urban Enterprise Zone can easily become members and benefit from the program's incentives.
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