TAX INCENTIVES FOR BUSINESSES ALONG ROUTE 166
The Municipal Council hereby designates Tax Blocks 3, 4, 5 and 6 as an “area in need of rehabilitation”, which designation allows the Municipal Council to, among other things, grant tax exemptions pursuant to the Five Year Exemption and Abatement Law, N.J.S.A. 40A:21-1 et seq., upon the adoption of an ordinance setting forth the eligibility requirements for various property structures.
See here for the Route 166 Corridor_Redev_Plan
The Borough will be reaching out to all businesses along Rt. 166 in the near future to discuss these tax incentives.
SCORE is a nonprofit association dedicated to educating entrepreneurs and helping small businesses start, grow, and succeed nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA), and has been mentoring small business owners for more than forty years.
If you are operating a business in South Toms River,
please register with our Borough Clerk