Editing Perth Amboy, New Jersey (section)

==Economy==
Portions of the city are part of an [[Urban Enterprise Zone]] (UEZ), one of 32 zones covering 37 municipalities statewide. The city was selected in 1994 as one of a group of 10 zones added to participate in the program.<ref>[https://www.state.nj.us/dca/affiliates/uez/publications/pdf/tax_q&a_052709.pdf ''Urban Enterprise Zone Tax Questions and Answers''], [[New Jersey Department of Community Affairs]], May 2009. Accessed October 28, 2019. "In 1994 the legislation was amended and ten more zones were added to this successful economic development program. Of the ten new zones, six were predetermined: Paterson, Passaic, Perth Amboy, Phillipsburg, Lakewood, Asbury Park/Long Branch (joint zone). The four remaining zones were selected on a competitive basis. They are Carteret, Pleasantville, Union City and Mount Holly."</ref> In addition to other benefits to encourage employment within the UEZ, shoppers can take advantage of a reduced 3.3125% [[sales tax]] rate (half of the {{frac|6|5|8}}% rate charged statewide) at eligible merchants.<ref>[https://www.nj.gov/dca/affiliates/uez/about/ Urban Enterprise Zone Program], [[New Jersey Department of Community Affairs]]. Accessed October 27, 2019. "Businesses participating in the UEZ Program can charge half the standard sales tax rate on certain purchases, currently 3.3125% effective 1/1/2018"</ref> Established in October 1994, the city's Urban Enterprise Zone status expires in October 2025.<ref>[https://www.nj.gov/dca/affiliates/uez/publications/pdf/ZONE%20EXPIRATION%20DATES%20-%202018.pdf Urban Enterprise Zones Effective and Expiration Dates], [[New Jersey Department of Community Affairs]]. Accessed January 8, 2018.</ref> As of 2023, hundreds of millions of dollars were being invested in the redevelopment of Perth Amboy's [[waterfront area]], in part related to its strategically-located industrial area.<ref name=PerthAmboyWaterfrontDRedevelopment>{{cite web|access-date=September 25, 2023|author=John Mooney|date=April 19, 2023|publisher=TAP IP LLC|quote=$500 Million Redevelopment Project to Generate 1,500 Permanent Jobs|title=Perth Amboy Redevelopment Agency Joins State and City Officials to Break Ground on 1 Million Square Foot Logistics Park|url=https://www.tapinto.net/towns/raritan-bay/sections/business-and-finance/articles/perth-amboy-redevelopment-agency-joins-state-and-city-officials-to-break-ground-on-1-million-square-foot-logistics-park}}</ref>