By Sara Martino
NEWS Correspondent
Mayor William James and Gloucester City Council approved a resolution that will be sent to Governor Christie asking to remove any language in his upcoming budget that would freeze the Gloucester City Urban Enterprise Zone (UEZ) funding.
The UEZ was created in 2004 and, according to the resolution, has been a significant economic developmental tool for the business community.
UEZ businesses earn tax incentives and exemptions on certain purchases need-ed to run their businesses.
Due to the designation of Gloucester City as a UEZ, many benefits have been created that generated hundreds of new and full time jobs, Council members said during last week’s meeting.
Valuable funding was received to further create ec-onomic development pro-jects, and half of the mandated state sales tax is returned to the community for continued development.
According to the resolution, based on the language in the Fiscal 2011 budget brief proposed by Governor Christie, eliminating any part of the UEZ program or freezing the funds would greatly impact the City’s ability to recover from the present economic decline.
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