East Orange Elevates Local Businesses with Targeted UEZ Certification Training

Thrive Leadership Institute, Inc. Facilitates 9-Session Series to Empower Small Businesses in East Orange
 
 
EO Professional Development Workshop Series
EO Professional Development Workshop Series
EAST ORANGE, N.J. - Oct. 25, 2024 - PRLog -- The City of East Orange is proud to continue its commitment to growing the number of Urban Enterprise Zone (UEZ) certified businesses through its Professional Development Workshop Series, developed and facilitated by Anna D. Banks, Founder and Managing Director of Thrive Leadership Institute, Inc. This 9-session program is specifically designed to support local small businesses with 1-5 employees, guiding them through the UEZ certification process and equipping them with essential tools for long-term growth.

The initiative, led by Mayor Ted Green, the East Orange City Council, and the Economic Development Division in the Department of Policy, Planning, and Development, brings significant advantages to participating businesses through UEZ certification.

UEZ Certification Benefits for Small Businesses

UEZ certification provides substantial financial benefits, including a reduced sales tax rate of 3.3125% (compared to the state's standard 6.625%), tax exemptions on purchases like capital equipment, and access to grants and loans. Additional incentives include employee tax credits, priority financial assistance, and energy sales tax exemptions, all of which help reduce operating costs and enhance profitability.

Supporting Business Growth with a Targeted Program

The Professional Development Workshop Series, resumes with its fifth session on Wednesday, November 6, 2024, empowers small business owners with strategies in financial management, marketing, customer retention, and regulatory compliance. Participants also receive hands-on assistance in completing their UEZ application, ensuring they are fully prepared to maximize the benefits of UEZ certification.

"I developed this curriculum with the goal of helping East Orange small businesses succeed," said Anna D. Banks, program designer and facilitator. "By providing the right tools and guiding owners through the UEZ certification process, we're building a foundation for sustainable growth."

A Commitment to Economic Growth

Led by Mayor Ted Green and the East Orange City Council, the City is dedicated to revitalizing business corridors and creating lasting economic opportunities. "Our goal is to empower small businesses in East Orange with the resources they need to grow while helping them leverage the benefits of UEZ certification," said Mark Cheatam, Acting Economic Development Manager. "This program is about creating opportunities and fostering a strong, sustainable local economy."

For more information about the Professional Development Workshop Series or how to apply for UEZ certification, please contact the East Orange Economic Development Department at economic.development@eastorange-nj.gov or scan the QR Code.

About Anna D. Banks
Anna D. Banks, MAS, CHBC, Founder of Thrive Leadership Institute, Inc., is a seasoned business coach dedicated to empowering entrepreneurs with the tools to thrive. Contact Anna https://annadbanks.com/services

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Tags:Urban Enterprise Zone
Industry:Business
Location:East Orange - New Jersey - United States
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Page Updated Last on: Oct 26, 2024
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