Enterprise Zone (EZ) - City of Meriden Incentives
Businesses that do not qualify for the State’s EZ program may still be eligible for Enterprise Zone incentives under the City’s program.
You may contact the Office of Economic Development to confirm if a property is located in the Enterprize Zone and if your project qualifies.
Businesses moving into a newly constructed space or rehabilitated space within the Meriden Enterprise Zone, may qualify for:
A seven-year real property tax break on any increase in real property taxes that comes as a result of your space being newly constructed or from being in a building rehabbed to fit your needs. This benefit could result in lower occupancy costs, if you lease.
| Year | Increase in Assessment That Is Deferred |
|---|---|
| Year 1 | 100% |
| Year 2 | 100% |
| Year 3 | 50% |
| Year 4 | 40% |
| Year 5 | 30% |
| Year 6 | 20% |
| Year 7 | 10% |
A three-year personal property tax abatement. Your commercial business can receive this tax abatement when you move into rehabbed or newly built space in the EZ and the building qualifies for the incentive mentioned above.
| Year | Increase in Assessment That Is Deferred |
|---|---|
| Year 1 | 100% of your personal property taxes abated |
| Year 2 | 100% |
| Year 3 | 50% |