Special Improvement Districts (S.I.D.'s) protect local businesses and aid in their growth. They also help stabilize residential property values and improve the quality of life in our neighborhoods.
Special Improvement Districts were initiated by the State of New Jersey in 1985. SIDs enable commercial property owners and merchants to form local management associations that have the authority to collect voluntary special assessments from businesses. (Residential properties are exempt.)
Special Improvement Districts have been in position in Jersey City since 1992. They are created by municipal ordinance and managed locally with assistance from the New Jersey Department of Community Affairs.
Today, there are four SIDs in Jersey City — the Central Avenue Special Improvement District, Historic Downtown Special Improvement District, Journal Square Restoration Corporation, and McGinley Square Partnership Special Improvement District.
The Jersey City Economic Development Corporation UEZ program oversees the SID program and assists the SIDs with their operations, writing proposals, budgeting, and finding professional managers. The SIDs special assessment fees are matched with UEZ funds to provide supplemental sidewalk and street cleaning services, major physical improvements, special events and added security.
Special Improvement Districts have been in position in Jersey City since 1992. They are created by municipal ordinance and managed locally with assistance from the New Jersey Department of Community Affairs.
Today, there are four SIDs in Jersey City — the Central Avenue Special Improvement District, Historic Downtown Special Improvement District, Journal Square Restoration Corporation, and McGinley Square Partnership Special Improvement District.
The Jersey City Economic Development Corporation UEZ program oversees the SID program and assists the SIDs with their operations, writing proposals, budgeting, and finding professional managers. The SIDs special assessment fees are matched with UEZ funds to provide supplemental sidewalk and street cleaning services, major physical improvements, special events and added security.
Jersey City Economic Development Corporation
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Jersey City Urban Enterprise Zone Program © 2008 Jersey City Economic Development Corporation |