State Enterprise Zone Tax Credit
What is a state enterprise zone?
Designed to promote economic development in financially distressed areas, zone enterprise programs offer substantial state tax benefits for expanding zone certified companies. The problem is, no one knows about it.
What are the benefits?
Although benefits are state specific, most zone certified business enterprises can generally expect to receive:

  • Wage credits for new employees

  • Investment tax credit on capital investment

  • Investment tax credit for contributions to community development projects

  • Capital gains tax credits

  • State sales tax refunds for the purchase of building materials

  • Additional employment incentives

  • Access to low-cost loans

  • Additional 179 deductions on equipment purchases and utility rate reductions
How do I find out if my business is eligible for tax credits?
We’ve compiled a list of participating zones, zone coordinators and their contact information. To date, it’s the only comprehensive listing of areas nationwide with zone status readily accessible or available to the public.
 

Is your business located within a state enterprise zone ?
Use our nationwide directory to find the zone coordinator in your area and see if your business qualifies for tax credits