Page "Elizabeth, New Jersey" Paragraph 12

Portions of the city are covered by the Urban Enterprise Zone, which cuts the sales tax rate to 3½ % ( half of the 7 % charged statewide ) and offers other incentives to businesses within the district.

The Elizabeth UEZ has the highest business participation rate in the state, with approximately 1, 000 businesses participating in — and benefiting from — the program.

The UEZ has helped bring in more than $ 1. 5 billion in new economic development to the City and has brought in over $ 50 million in sales tax revenue that has been reinvested in funding for additional police, streetscape and other infrastructure improvements.