Incentives
Tenants of Mack-Cali on the Hudson can benefit from some of the most aggressive and meaningful economic incentives available in New Jersey*. These include:
-
Business Employment Incentive Program (BEIP) »
An economically viable expanding or relocating business that creates jobs in New Jersey can secure annual incentive grants based on the amount of employees' state income taxes withheld.
-
Urban Enterprise Zone Program (UEZ) »
New Jersey's Urban Enterprise Zone Program (UEZ) has fostered an economic climate that has revitalized various urban communities, including the Jersey City waterfront. Mack-Cali on the Hudson is part of a UEZ that offers various economic and tax incentives to local businesses.
- No Commercial Rental Tax
- No City Corporate Tax
- No Personal Income Tax
-
New Jersey Urban Transit Hub Tax Credit Program »
Tax credits equal to as much as 100% of the qualified capital investments made within an eight-year period are available for developers, owners, or tenants making a qualified capital investment within a designated Urban Transit Hub.
-
Grow NJ
Eligible businesses will receive annual tax credits between $5,000 and $8,000 for 10 years for each full-time job created or retained. To be eligible, a business must retain or create at least 100 full-time jobs in an industry the EDA deems desirable. The business also must make a capital investment of at least $20 million in a qualified incentive area.
-
Business Retention and Relocation Assistance Grant Program (BRRAG) »
A business relocating operations within New Jersey, and retaining jobs, may be eligible for corporate business tax credits of up to $2,250 per year for up to six years per job retained, payable as a tax credit against a company's corporate tax liability.
-
Economic Redevelopment and Growth Program (ERG) »
The Economic Redevelopment and Growth Program (ERG) was established to provide incentive grants to developers, business, and owners to capture new State and local incremental taxes derived from a project’s development to address project financing gaps.
-
Job Training Grants »
New Jersey offers various businesses training programs, partnerships, and other resources aimed at keeping local businesses strong.
