Neighborhood Assistance, Enterprise Zone Tax Credit (NAP/EZP)
Requirements
Download the guidelines for a complete understanding of the program and the requirements.
Overview
An incentive program that provides tax credits to private companies investing in rehabilitating, expanding, or improving buildings or land located within designated enterprise zones.
The application deadline expired February 1, 2013.
Guidelines
NAP_Enterprise_Zone_Guidelines_2012F.pdf
Uses
Real property improvements such as rehab, expansion or physical improvements to buildings or land resulting in jobs created or retained.
Funding
Tax credits equal 25% of amount invested; Up to $500,000 total tax credits per project.
Eligibility
Any private company with an investment located in an enterprise zone.
Terms
Credits received and not used may be carried forward for up to five years. Credits may be sold or transferred. Please refer to guidelines.
How to Apply
DCED Single Application for Assistance.
