TAX INCENTIVES FOR BUSINESSES ALONG ROUTE 166
The Municipal Council hereby designates Tax Blocks 3, 4, 5 and 6 as an “area in need of rehabilitation”, which designation allows the Municipal Council to, among other things, grant tax exemptions pursuant to the Five Year Exemption and Abatement Law, N.J.S.A. 40A:21-1 et seq., upon the adoption of an ordinance setting forth the eligibility requirements for various property structures.
The Borough will be reaching out to all businesses along Rt. 166 in the near future to discuss these tax incentives.
See here for the Route 166 Corridor_Redev_Plan
SCORE is a nonprofit association dedicated to educating entrepreneurs and helping small businesses start, grow, and succeed nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA), and has been mentoring small business owners for more than forty years.
If you are operating a business in South Toms River, please register with our Borough Clerk.