update February 7, 2013
BY BILL CLEARY
CNBNews.net
(cnbnews.net)GLOUCESTER CITY NJ-According to a recent article in the Gloucester City News, a new group called the Gloucester City Economic Development Corporation was formed 8 months ago in June 2012. This corporation will be performing some of the same duties previously carried out by Gloucester City UEZ Coordinator Howard Clark. Wanting to know what Clark thought of the change, CNBNews sat down with him recently for an interview.
The UEZ stands for the Urban Economic Zone which consists of 32 zones in 37 communities throughout the state of New Jersey. It is an incentive based program that is allowed to charge 3.5% state sales tax instead of the 7% tax used elsewhere and creates credits to businesses that create good paying jobs. Although Governor Christie wanted to disband the UEZ when he first took office, the program is still in effect today.
This post was imported from a legacy archive. Please excuse any formatting inconsistencies.