Bridge Point 78
942 Memorial Parkway | Phillipsburg, NJ 08865

Economic Incentives Programs Offered by the State of NJ

Property Tax Abatement

  • 30 year tax PILOT – Payment in Lieu of Taxes
  • Fixed tax rate of +2% per year per square foot
  • Flat tax rate through entire term
  • Greater than 50% savings vs competing properties

Urban Enterprise Zone (UEZ)

  • Up to 50% reduction in sales tax rate on certain purchases
  • Tax exemption on qualifying capital equipment for new facilities
  • Up to $1,500 tax credit per full-time employee
  • Subsidized unemployment insurance income less than $4,500 per quarter

DOWNLOAD BROCHURE

©CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.