Gateway Towne Center

Enterprise Zone Benefits

  • Tax credit of $36,000 or more over five years for each qualified employee hired
  • Sales tax credits on purchases of up to $20 million per year of qualified machinery
    and parts
  • Up to 100 percent net operating loss deduction and a 15-year carryforward
  • Accelerated expensing of some depreciable property
  • Net interest deduction for lenders to zone businesses
  • Priority processing for permits and other applications
  • Job assessments, outreach, recruitment, and employee training
  • Reduced fees for plan check and permits
  • Visit the city website for more information on Enterprise Zone Benefits