INCENTIVES

SCALE YOUR BUSINESS AT A FRACTION OF THE COST

Investing in Veteran’s Innovation Park offers businesses access to a myriad of incentives to help supercharge growth and profitability.

​OPPORTUNITY ZONE

Millville, New Jersey, has been designated as an Opportunity Zone, providing a unique investment landscape aimed at spurring economic growth and revitalization. Investors in Millville can benefit from significant federal tax advantages, including the deferral of capital gains taxes on reinvested gains until 2026 or until the investment is sold, whichever comes first. Additionally, investments held for at least 10 years are eligible for permanent exclusion from capital gains taxes. This initiative fosters a collaborative environment for businesses and investors, enhancing community development and creating new economic opportunities.

By leveraging the Opportunity Zone benefits, investors can contribute to the transformation of Millville, supporting local projects and businesses while enjoying favorable tax incentives. This synergy between economic incentives and community growth makes Millville a compelling destination for forward-thinking investors and entrepreneurs.

​URBAN ENTERPRISE ZONE

Millville has been designated as an Urban Enterprise Zone, providing businesses with favorable tax rates, regulatory exemptions, and other incentives. These benefits not only lower overhead costs but also foster a business-friendly environment that encourages innovation and drives economic growth.

FOREIGN TRADE ZONE

Millville Executive Airport is a thriving aviation hub, with 140 acres designated as a Foreign Trade Zone (FTZ), delivering numerous benefits for importers. As part of the U.S. government’s network of 293 FTZs, this specially designated zone offers exemptions from a range of U.S. Customs regulations, enhancing cash flow, global logistics efficiency, and overall flexibility for businesses engaged in international commerce.