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Current as of January 01, 2024 | Updated by Findlaw Staff
The first two areas and municipalities designated as enterprise zones by the authority shall meet all the following criteria:
a. A rate of unemployment among residents in the area and among residents of the municipality exceeding one and one-half times the national unemployment rate as determined by the most recently available data from the Bureau of Labor Statistics in the United States Department of Labor;
b. At least 20% of the population of the area and population of the municipality receive incomes below the poverty level, as defined by the United States Department of Labor;
c. At least 20% of the residents of the area and residents of the municipality depend upon public assistance as their primary source of income.
Cite this article: FindLaw.com - New Jersey Statutes Title 52. State Government, Departments and Officers 52 § 27H-70 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-52-state-government-departments-and-officers/nj-st-sect-52-27h-70/
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