The Connecticut Airport Authority (CAA) and the Department of Economic and Community Development (DECD) work together to provide tax incentives for eligible businesses located in the zones.
The goal of the Enterprise Zone program is to improve the economies in targeted communities. Eligible businesses can realize significant tax benefits for the acquisition, construction, renovation, expansion or lease of facilities in these zones.
CERC SiteFinder® provides a free commercial real estate and demographic data search tool to help businesses analyze a potential investment.
The CT Historic Rehabilitation Tax Credit Program provides a 25 percent tax credit on the Qualified Rehabilitation Expenditures associated with the rehabilitation of a Certified Historic Structure. The program applies to residential use of five units or more, mixed residential and non-residential use or non-residential use consistent with the historic character of the property or the district in which the property is located.
Created in 2000, as a means to attract capital to low-income neighborhoods, New Market Tax Credits provides investors with a 39-percent credit against their federal income tax. Businesses are required to put money into areas with high poverty and unemployment rates and low-income levels.