The Township has been granted Urban Enterprise Zone (UEZ) status which enables businesses
within the Urban Enterprise Zone to charge one-half (3.5%) of the State sales tax
that they previously were required to charge customers. The UEZ designation is expected
to help spur economic development. Since the July 1, 1997 implementation date, the
State has accumulated over $7.0 million in reserves which is required to be used
by the Township for improvements in the zone with the approval of the UEZ Board.
Some of the projects that have been funded with UEZ dollars include:
- West Side Avenue Sewer Improvements
- Bergenline Avenue / Broadway Streetscapes
- Tonnelle Avenue Redevelopment Zone
- 83rd Street Flooding Improvements