Your business may qualify for credits
or exemptions on corporate, property or sales taxes, and other
programs available on state and local levels. For more information
about incentives, including those described below, or for
help determining eligibility, contact Enfield
Business Park.
Targeted Investment Community (TIC)
Benefits
TIC offers real and personal property
abatements and corporate business tax credits to qualified
manufacturers and service companies.
Urban and Industrial Site Tax Credit
Program
This program provides tax credits
up to 100% of investments, from $5 million to $100 million,
made by eligible investors in urban- or industrial-site development
projects. Qualified projects may also be eligible for property
tax abatements.
Corporate Business Tax Credits
An array corporate tax credits, including
the following, are available to promote economic development
in Connecticut. For a detailed Guide to Connecticut Business
Tax Credits, click here.
Apprenticeship Training Credit
in Manufacturing, Plastics, Plastics-Related or Construction
Trades
Clean Alternative Fuel Credit for
Vehicles, Equipment, and Related Filling or Recharging Stations
Displaced Worker Credits
Electronic Data Processing Equipment
Property Tax Credit
Film Production Tax Credit
Financial Institutions Credit
Fixed Capital Investment Credit
Hiring Incentive Tax Credit
Historic Homes Rehabilitation Credit
Housing Program Contribution Credit
Human Capital Investment Credit
Insurance Reinvestment Fund Credit
Machinery and Equipment Expenditure
Credit
New Jobs Creation Tax Credit
Research and Development Expenditures
Credit
Small Business Guaranty Fee Tax
Credit
Service Facility Credit
Manufacturing Facility Credit
Industry Specific Incentives
Companies in telecommunications, aerospace,
defense, insurance, film production and other specific industries
may qualify for additional industry-specific incentives.
