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Enterprise Zone Benefits |
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Benefits |
1. |
Local property tax
exemptions, not to exceed 10 years. |
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2. |
Refund of state sales tax
paid during construction process. |
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3. |
Possible tax credit up to
a maximum of 10% of the qualifying investment amortized over 5 years. |
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4. |
Funding for training new employees. |
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5. |
New Jobs Training Program. |
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Qualifications |
1. |
Business must invest $500,000 (+) over a three year
period. The investment may include cost of land, buildings,
improvements to buildings, manufacturing machinery, equipment and computer
hardware. |
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2. |
Business must create 10 full-time jobs and maintain them for 10 years. |
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3. |
Business must pay employees a minimum of $10.73 an hour (90% of the average
county wage) and 80% of a standard medical and dental package premium. |
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4. |
The business cannot be a retail establishment or an existing business that
relocates the same operation to an enterprise Zone. |
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5. |
The business entrance cannot rely on a cover charge or membership feel. |
