Manufacturing and warehousing/distribution companies may qualify for the same benefits as those locating to the Enterprise Zone. We need to talk with you, help you fill out an application and get special approval from the State of Connecticut. This program is discretionary. Call us now and see if you qualify. We'll help you with all the paperwork. You may be eligible for:
An 80% tax abatement for 5 years on the increased real property taxes resulting from new construction or expanded space. For companies that wish to lease the space, you must lease it for 5 years with an option to purchase or renew the lease for 5 more years. The landlord must pass any tax abatement to you in your lease.
An 80% real property tax abatement for 5 years on the existing real estate taxes of a qualified vacantbuilding. If you move into a vacant building/space, the entire tax burden could be eligible for the incentive.
An 80% personal property tax abatement for 5 years on any personal property "new" to Meriden's grand listand…
A 25% or a 50% credit on the state corporate business tax of the eligible business.
For more information about the Meriden Enterprise Zone, including a map of the included properties and application forms, please contact Peggy Brennan at the Meriden Economic Development office at 203-630-4151 or contact us via email.
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