PLAINFIELD, NJ - As the year end approaches, the uncertainty surrounding the status of the UEZ (Urban Enterprise Zone) program is weighing heavily on local area businesses. Currently the program is scheduled to expire on December 31, 2016 pending an extension by Governor Christie. The City of Plainfield became a designated UEZ district 30 years ago and is one of the remaining five original UEZ districts – Bridgetown, Newark, Camden and Trenton are also scheduled to expire this year. For many businesses, the allowed 3.5% sales tax is one of the significant benefits that attracts customers to the area. The City of Plainfield’s Office of Economic Development recently provided the following update on its efforts to have the bill extended:
- Currently the UEZ is expired to end 12/31
- Governor Christie conditionally vetoed the bill extending the UEZ program for additional 10 years; pending an overall study on whether the UEZ program should continue or not.
- The City of Plainfield is very engaged and lobbying for a different bill approved by the Assembly requesting a 2 year extension until the requested study is finalized.
- Mayor Mapp has been working with the NJLM and the NJUMA to support the new proposed bill. The Mayor is a co-sponsor on a new proposed resolution that will be considered at the NJ League of Municipalities on 11/15 – if approved the resolution will be sent to the Governor as well.
The City is urging businesses to attend an upcoming meeting in Atlantic City on November 16th at 2:00 p.m. to discuss the extension and continuing lobbying for the Governor to sign the new proposed bill.