The City offers tax abatements to manufacturers, warehousing and distribution companies and certain service businesses that locate to or expand in Meriden's Enterprise Zone. Eligible businesses are determined by the state and are identified by SIC/ NAICS's codes. To see if your business qualifies, contact Peggy Brennan or Trudy Magnolia at 203-630-4151. Because you are locating within the Enterprise Zone, this benefit is almost automatic. We can help you fill out the paperwork. We have a list of all addresses located in the zone—so call us and we will let you know if the address or building you are considering is in the EZ.
If your business is eligible, you may receive:
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. Renovations to a company's existing space in Meriden may qualify—but only under certain conditions. An 80% real propertytax abatement for 5 years on the existing real estate taxes of a qualified vacant building. 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 list and…A25% 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 via email at pbrennan@ci.meriden.ct.us
The City offers tax abatements to manufacturers, warehousing and distribution companies and certain service businesses that locate to or expand in Meriden's Enterprise Zone. Eligible businesses are determined by the state and are identified by SIC/ NAICS's codes.
