Urban Enterprise Zone - Paterson, New Jersey

Urban Enterprise Zone (UEZ) at 125 Ellison St, Paterson, NJ 07505, United States

The Urban Enterprise Zone (UEZ) located at 125 Ellison St, Paterson, NJ 07505, United States, is a vital economic development agency that plays a significant role in stimulating growth and job creation in the city. This UEZ is part of the Paterson Restoration Corporation, a non-profit organization dedicated to revitalizing the city's downtown area.

Main Services

• Business Loans**: The UEZ offers small business loans to qualified entrepreneurs, providing them with the necessary funding to start or expand their businesses.
• Sales Tax Exemptions**: Retail businesses operating in the UEZ can charge half of the State's sales tax on certain purchases, making it more affordable for customers to shop locally.
• Operating Supply Tax Exemptions**: All member businesses are eligible to purchase operating supplies tax exempt, reducing their operational costs and allowing them to invest more in their businesses.
• Manufacturing Incentives**: Manufacturers meeting specified employment and other criteria can qualify for sales tax exemptions on their energy and utility services.
• Business Counseling**: The UEZ provides business counseling and mentorship to help entrepreneurs develop and grow their businesses.
• Training and Education**: The UEZ offers training and education programs to equip entrepreneurs with the necessary skills to succeed in the business world.

Location and Access

The UEZ is located at 125 Ellison St, Paterson, NJ 07505, in the heart of downtown Paterson. This location provides easy access to public transportation, including buses and trains, making it convenient for entrepreneurs to commute to and from work.

* Wheelchair-accessible entrance: The UEZ has a wheelchair-accessible entrance, ensuring that all entrepreneurs have equal access to its services.
* Parking: There are several parking options available near the UEZ, including street parking and parking garages.
* Public Transportation: The UEZ is easily accessible by public transportation, with several bus and train routes nearby.

Featured Characteristics

* Central Location**: The UEZ is situated in the heart of downtown Paterson, providing easy access to major highways and public transportation.
* Business-Friendly Environment**: The UEZ is designed to foster a business-friendly environment, with a range of services and incentives available to support entrepreneurs.
* Community Engagement**: The UEZ is committed to community engagement, with a range of programs and initiatives aimed at promoting economic development and job creation.
* Small Business Focus**: The UEZ has a strong focus on supporting small businesses, providing them with the necessary resources and support to succeed.