Financial Incentives

The City of Vineland offers a comprehensive package of state and local financial incentives to assist businesses in successfully reaching their goals.  We’re committed to providing an integrated, solutions-based approach to business assistance that creates a foundation for entrepreneurs and companies to develop new ideas and foster economic opportunities.  Following is an overview of the programs currently available.  For more information and complete details about these programs, please call (856) 794-4100.​

URBAN ENTERPRISE ZONE LOAN PROGRAM

  • Maximum loan amount is equal to or less than one-third (33.33%) of hard or eligible costs.
  • A 10% borrower contribution is required.
  • Loan maturity of up to 20 years.
  • Business must be UEZ certified and located within the zone boundaries.
  • Residential development is not eligible.

HOMETOWN ENTERPRISE LOAN PROGRAM/UDAG

  • Maximum loan amount is $100,000, subject to availability of funding.
  • All appropriate business assets, personal guaranties, and personal assets as necessary to collateralize the loan.
  • Loan maturity of up to 10 years.
  • Eligible businesses should be UEZ certified, however, depending on availability of funding, businesses outside the UEZ may apply.
  • Residential development is not eligible.

REAL ESTATE TAX ABATMENT PROGRAM (5 YEARS)

  • Year One – Land taxes only.
  • Year Two – Land taxes + 20% of improvements.
  • Year Three – Land taxes + 40% of improvements.
  • Year Four – Land taxes + 60% of improvements.
  • Year Five – Land taxes + 80% of improvements.
  • Year Six – Full taxation begins.

GROW NEW JERSEY PROGRAM

The Grow New Jersey Assistance Program (Grow NJ) provides qualified businesses tax credits ranging from $500 to $5,000 per job, per year, with bonus credits ranging from $250 to $3,000 per job, per year if the project meets certain requirements such as location in an urban area or high employment levels.

  • Maximum credit amount is $15,000 per job, per year.
  • Maximum benefit period is 10 years.
  • Investment threshold to qualify is 10 full-time jobs for technology start-ups, and 25 new jobs in targeted industries, including transportation, manufacturing, defense, energy, logistics, life sciences, technology, health, and finance.
  • A minimum $20,000,000 capital investment is required.

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