This attractive business incentive program was initially established to encourage development and re-use of rehabilitated industrial areas. Under this CT DECD program, qualified companies can receive a substantial tax abatement to expand or relocate their business to certain areas of Stamford.
There are 2 business benefits associated with an Enterprise Zone location:
- A five-year, 80% abatement of local property taxes on qualifying real and personal property; OR
- A ten-year, 25% credit on that portion of the state's corporation business tax that is directly attributable to a business expansion or renovation project.
For business outside of the enterprise zone, benefits can still be provided for eligible projects through the Urban Jobs Program. For more information on this program, click here or see the featured resources below.
View the following links and resources to learn more about Connecticut's Zone Enterprise Program.