It's a Record! Thirteen Businesses Join Lakewood UEZ
July 06, 2011
It's a record. It won't be going in the Guinness Book of World Records, but it is a record, nonetheless. In one week, 13 Lakewood businesses became certified UEZ businesses. According to Yehuda Abraham, the Director of Business Development in Lakewood, "This is a record number, especially when only three of those businesses are located in the new UEZ boundary approved by the state."*
Patricia Komsa, the Executive Director of the UEZ, says, "This indicates that even in today's economy the entrepreneurial spirit lives in Lakewood. It is obvious that UEZ incentives and benefits are helping business owners reach their dreams."
Some, but not all, of the advantages of being a UEZ business include charging only 3 1/2 percent sales tax; not paying sales tax for most of the purchases for one's own business; being eligible to apply for a microloan to fund working capital, supplies, machinery, and purchase of inventory as well as expand or redevelop one's business; being able to apply for a matching grant to offset the costs of advertising in newspapers, radio, billboards, etc.; and being able to participate in free ongoing business encouragement seminars presented by area experts.
The newly certified Lakewood UEZ businesses are: Cell & Design, 230 First Street; Dinaso & Sons Building Supply, 133 Ocean Avenue; Dream Cabinetry, 212 Second Street; His Place Junior, 432 Clifton Avenue; *Icon Knobs (plumbing supplies and door hardware), 260 Cedarbridge; Lakewood Chasidishe Malbushim Center, 418 Clifton Avenue; Pishposh (baby goods), 725 Airport Road; Riverside Abstract, 212 Second Street; *Magical Moments (gift shop), 272 Cedarbridge; Schwartz Burton LLP (law offices), 500 River Avenue; *The Wig Place, 250 Cedarbridge Avenue; Tree of Knowledge Learning Center, 326 Third Street; and The Aqua Show (ladies' swim wear), 95 East Kennedy Boulevard.
For more information about becoming a UEZ business, contact Yehuda Abraham at 732-364-2500, ext. 5217.
*Businesses in the new UEZ boundary approved by the state
Patricia Komsa, the Executive Director of the UEZ, says, "This indicates that even in today's economy the entrepreneurial spirit lives in Lakewood. It is obvious that UEZ incentives and benefits are helping business owners reach their dreams."
Some, but not all, of the advantages of being a UEZ business include charging only 3 1/2 percent sales tax; not paying sales tax for most of the purchases for one's own business; being eligible to apply for a microloan to fund working capital, supplies, machinery, and purchase of inventory as well as expand or redevelop one's business; being able to apply for a matching grant to offset the costs of advertising in newspapers, radio, billboards, etc.; and being able to participate in free ongoing business encouragement seminars presented by area experts.
The newly certified Lakewood UEZ businesses are: Cell & Design, 230 First Street; Dinaso & Sons Building Supply, 133 Ocean Avenue; Dream Cabinetry, 212 Second Street; His Place Junior, 432 Clifton Avenue; *Icon Knobs (plumbing supplies and door hardware), 260 Cedarbridge; Lakewood Chasidishe Malbushim Center, 418 Clifton Avenue; Pishposh (baby goods), 725 Airport Road; Riverside Abstract, 212 Second Street; *Magical Moments (gift shop), 272 Cedarbridge; Schwartz Burton LLP (law offices), 500 River Avenue; *The Wig Place, 250 Cedarbridge Avenue; Tree of Knowledge Learning Center, 326 Third Street; and The Aqua Show (ladies' swim wear), 95 East Kennedy Boulevard.
For more information about becoming a UEZ business, contact Yehuda Abraham at 732-364-2500, ext. 5217.
*Businesses in the new UEZ boundary approved by the state
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