Waterbury Urban Jobs Program
The Urban Jobs Program provides Waterbury businesses outside the Enterprise Zone with property tax abatements and business tax credits for eligible projects.
About this program
The Urban Jobs Program provides state-reimbursed property tax exemptions and business tax credits to businesses that acquire or develop property in a Targeted Investment Community outside an Enterprise Zone. In Waterbury, benefits are mainly available to manufacturing businesses, though some wholesale businesses and certain financial and business-related services may qualify. Benefits may include a five-year 80% abatement of local property taxes on qualifying real and personal property new to the city's grand list.
Eligibility
Eligible manufacturing, wholesale, financial, or business service companies acquiring or developing qualifying property in Waterbury outside the Enterprise Zone.
Requirements
- Project must be located in Waterbury in an eligible Targeted Investment Community area outside the Enterprise Zone.
- Business activity must be eligible under the Urban Jobs Program.
- Applicant must submit an application to Connecticut DECD before initiating an eligible project.