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Empowerment zone. Within United States federal legislation, an empowerment zone is an economically distressed community eligible to receive tax incentives and grants from the United States federal government under the Empowerment Zones and Enterprise Communities Act of 1993. [1]
Renewal community. Renewal Communities (RCs) and Empowerment Zones (EZs) are distressed urban and rural communities in the United States where qualifying businesses are eligible for billions of dollars in tax incentives. They were created in the Community Renewal Tax Relief Act of 2000, which was eventually passed as part of the Consolidated ...
Urban enterprise zone. An urban enterprise zone is an area in which policies to encourage economic growth and development are implemented. [1] Urban enterprise zone policies generally offer tax concessions, infrastructure incentives, and reduced regulations to attract investments and private companies into the zones. They are a type of special ...
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The Upper Manhattan Empowerment Zone Development Corp., also referred to as UMEZ, is a non-profit organization that seeks to revitalize economically deprived communities by using public funds and tax incentives as catalysts for private investment. UMEZ’s mission is to sustain the economic revitalization of all communities of Upper Manhattan ...
New Jersey Urban Enterprise Zones. An Urban Enterprise Zone is an area within a municipality (or group of municipalities) in New Jersey which has suffered economic problems and meets certain other criteria. A municipality may request that the New Jersey Urban Enterprise Zone Authority designate part of the city, usually about 30%, as an Urban ...
The New York Landmarks Conservancy is a non-profit organization "dedicated to preserving, revitalizing, and reusing" historic structures in New York state. It provides technical and financial skills to owners of historic properties. [1] In the half century since its 1973 founding, the conservancy has provided more than $60 million in grants and ...
East Rutherford is a borough in Bergen County, in the U.S. state of New Jersey. It is an inner-ring suburb of New York City, located 7 miles (11 km) west of Midtown Manhattan.