Enterprise Zones

Enterprise Zone and Enterprise Corridor incentives include an 80 percent tax abatement on real and personal property for five years; and a 25 percent or 50 percent state corporate business tax credit for 10 years. Enhanced state corporate business tax benefit is subject to meeting a minimum hiring threshold.

The program is intended to be attractive for manufacturers and certain designated service sector firms already located in an Enterprise Zone or Enterprise Corridor Zone who wish to reinvest in that area and also to attract new eligible businesses to stimulate job creation in those communities.

Benefits are available to manufacturers and certain qualifying service sector firms locating in designated areas of Groton, New London, Norwich, and in selected areas of  the Enterprise Corridor communities
of Lisbon, Griswold and Sprague.