New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 120 - URBAN ENTERPRISE ZONE AUTHORITY
Subchapter 1 - URBAN ENTERPRISE ZONE PROGRAM
Section 5:120-1.6 - Zone business benefits eligibility
Universal Citation: NJ Admin Code 5:120-1.6
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Qualified businesses within a zone shall be eligible to receive all benefits provided for under the Act as approved by the UEZA for the specific zone.
(b) The UEZA, in determining whether a business shall be approved as a qualified business, shall:
1. Review data compiled by the United States
Department of Labor and New Jersey Department of Labor and Workforce
Development and private industry councils created under the Federal Job
Training Partnership Act, and any other relevant sources, which bears on the
availability to the business, in the area in which it is or will be located, of
potential employees who meet the criteria set forth in
52:27H-62(c)(1), (2), or
(3); and
2. At the time the business applies for
qualified business designation under
52:27H-62(c),
review the business' employee turnover experience for one year in the instance
of certification and three years in the instance of recertification preceding
its application and estimate the number of new positions to be created by the
business during the three years after the date of its certification application
or recertification application, whichever is appropriate.
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