Incentive Districts
NJEDA
The NJEDA plays an important role in implementing major real estate development projects for established companies and governmental or not-for-profit organizations throughout New Jersey.
Urban Enterprise Zone
The Trenton Urban Enterprise Zone (UEZ) offers tax savings to businesses and customers, including sales tax, payroll taxes and corporate business taxes. Learn more about the program and what it can offer.
Opportunity Zone
Opportunity Zones are low-income census tracts nominated by governors and certified by the U.S. Department of the Treasury allowing investors to direct capital into new projects and enterprises in exchange for certain federal capital gains tax advantages.
SBA Hub Zone
The HUBZone program fuels small business growth in historically underutilized business zones with a goal of awarding at least 3% of federal contract dollars to HUBZone-certified companies each year.
EQUAL BUSINESS OPPORTUNITY
The TPA is firmly committed to providing full and equal business opportunities to all persons regardless of race, color, religion, gender, national origin, age or disability. In that regard, the TPA will affirmatively assure that minority and female-owned business enterprises are afforded equal opportunities to submit qualifications, bids and/or proposals for consideration for all purchases and contracts issued in connection with this project. Prospective f irms should understand that the participation of certified MBEs and WBEs is a matter of great interest in the evaluation of all firms. To the extent possible, MBE and WBE team members should be named, and commitment levels noted at the time the Proposer submits a response to an RFEI.
COMMUNITY BENEFITS AGREEMENT
A Community Benefits Agreement (CBA) is a newer tool, used to negotiate outcomes of development projects. Once established, a CBA is a legally enforceable contract between a coalition of community-based organizations and a local government and the developer of a proposed project. Currently, the New Jersey Economic Development Authority ASPIRE program requires a developer to enter into a CBA with the municipality. The Trenton Parking Authority seeks to facilitate and be a party to this agreement, in part to help ensure that stakeholders who have been engaged throughout the process have a voice and a seat at the table.
Redefine Trenton’s Landscape!
Take part in the RFEI process for a prime redevelopment site and shape the future.
