Business Incentives
There are a variety of benefits available to
companies considering relocating to or expanding within
Bridgeport. Many of these incentives are based on Standard
Industry Classification (SIC) Codes, the location of the
property, and the type of investment made.
Available incentives include an
Economic Development Zone, Arts and Entertainment District,
Foreign Trade Zone, and
HUBZone. The
City of Bridgeport, the
Connecticut Department of Economic and Community Development
(DECD), and the
Connecticut Development Authority (CDA) provide additional
tax and financial incentives to assist private investment in
Bridgeport.
BERC
helps companies to identify the incentives that are available to
them, and walks companies through the application process.
The following represent the most commonly utilized incentives
available in Bridgeport:
Enterprise Zone, Targeted Investment Community and Arts & Entertainment
Benefits
Foreign Trade Zone
HUBZONE Empowerment Contracting Program
City of Bridgeport – Seven-year Graduated Deferral of Property Taxes
City of Bridgeport – Tax Incentive Development Program
Urban Site Investment Tax Credit
Connecticut Corporate Income Tax Credits
Manufacturing Machinery & Equipment Exemption Program
Sales Tax Exemption
Work Opportunity and Welfare-to-Work Tax Credit
Industrial Site Investment Tax Credit Program
Brownfields & Information Technology Projects Tax Incremental Financing .
Special Contaminated Property Remediation & Insurance Fund
Connecticut Development Authority (CDA)
Community
Capital Fund
Connecticut Economic Development Fund
Microloan Program
Connecticut Department of Economic and Community Development
Connecticut Community Investment Corporation
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