Empowerment Zone Employment Credit

This could be your lucky day.  There could be some good news waiting for you. There are tax credits available that you may not even realize.  Is your business in one of the Empowerment Zones established by the government over 20+ years ago? Take a look below.

What Is The Empowerment Zone Employment Credit?

The federal government provides a generous tax credit called the Empowerment Zone Employment Credit (EZEC). It is available only to companies with worksites in a federally designated Empowerment Zone who hire a portion of their workforce from one of these designated zones.

Why Did The Government Create These Credits?

These credits were created to encourage employers to locate their business in a Federal Empowerment Zone and hire/retain residents of that zone.  These programs are intended to help improve the community and its residents by bringing commerce and an increased tax base to these areas. 

How Much Of A Credit Is It?

The credit can amount to $3,000 per zone-resident-employee per year (20% of the first $15,000 of income).  Qualifying employees must work a minimum of 90 days.

Can The People I Currently Have On Staff Qualify?

Yes.  Plus, these credits are retroactive for three years.

What About People Who Would Qualify But Are No Longer Employed By My Company?

Even employees who are no longer with your company may generate a credit if they meet the residence and 90-day tenure requirements of the credit.

What R. Jeffrey & Associates, Inc. Does For You

We analyze payroll data to produce the amount of credit that can be claimed.  The result is a comprehensive reporting package your business will pass on to your accountant to claim the credit.

Where Are These Empowerment Zones?

These were formed in different areas of the U.S. and include 30 urban and 10 rural Empowerment Zones.  They are in the following areas:

Arizona
Pulaski County
Tucson

California
Desert Communities
Fresno
Los Angeles
Santa Ana

Connecticut
New Haven

Florida
Jacksonville
Miami/Dade County

Georgia
Southwest Georgia United

Illinois
Chicago
Southernmost Illinois Delta

Indiana
Gary/East Chicago

Kentucky
Kentucky Highlands

Maine
Aroostook County

Maryland
Baltimore

Massachusetts
Boston

Michigan
Detroit

Minnesota
Minneapolis

Mississippi
Mid-Delta

Missouri
St. Louis/E. St. Louis

New Jersey
Cumberland County

New York
New York City
Syracuse
Yonkers

North Dakota
Griggs-Steele

Ohio
Cincinnati
Cleveland
Columbus
Ironton/Huntington, W.V.

Oklahoma
Oklahoma City

Pennsylvania
Philadelphia/Camden, NJ

Carolina
Columbia/Sumter

Dakota
Oglala Sioux Tribe

Tennessee
Knoxville

Texas
El Paso
Rio Grande Valley
San Antonio

Virginia
Norfolk/Portsmouth

What's The Next Step?

If your community is on this list, this could be very good news for your business.  Have a live conversation with an expert at R. Jeffrey & Associates, Inc. to see if you qualify.  Our goal is to have you understand how EZEC works and give you a better idea of how much it can be.

Please call us at 847-813-6622. We look forward to speaking with you.

Want to find out how much credit you are leaving unclaimed each year?