What are the benefits of the Kearny Point Opportunity Zone?

Kearny Point is located within a New Jersey Opportunity Zone and an Urban Enterprise Zone (UEZ). Benefits for eligible tenants include:

• Reduced Sales Tax: Currently 3.5% on certain purchases.
• Tax-Free Purchases: Available for specific facility upgrades and equipment.
• Incentives: Subsidized unemployment insurance and various state-level business growth grants.