Worthington Area JobZ Tax Free Development Zones

JobZ Information topics
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Tax Benefit Calculator
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More JOBZ Basic Information
is Available at;
Positively Minnesota
MNPro

These are the Worthington Area TAX FREE JOBZ Zones
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Click on a Zone to display more information on that zone.

JOBZ Zones Map	ADRIAN Sub Zone 1 - Interstate 90 Industrial Park
JOBZ Zones Map	BREWSTER Sub Zone 2 - Industrial Development Sub Zone 3 - Highway 60 Development Area
JOBZ Zones Map	LORAINE TOWNSHIP Sub Zone B - Highway 60 Industrial Ag Corridor Sub Zone C - Highway 60 Industrial Ag Corridor
JOBZ Zones Map	ROUND LAKE Sub Zone 2 - Highway 4 Industrial Site Sub Zone 3 - Railroad Business Development Site
JOBZ Zones Map	WORTHINGTON TOWNSHIP (Not in City) Sub Zone F - Interstate 90 Frontage Site, Perkins Sub Zone G - Interstate 90 Frontage Site - Lorenz Sub Zone H - Interstate 90 Frontage Site - Burns Sub Zone I - Interstate 90 Frontage Site - Kramer
JOBZ Zones Map	WORTHINGTON Sub Zone A - City Industrial Park Sub Zone B - City Industrial Park Sub Zone D - Stower Drive Industrial Property Sub Zone E - Interstate & Highway 59 Industrial Biosciences Sub Zone F - Highway 60 Industrial Development Sub Zone G - East side Industrial Development

Job Opportunity Building Zones (JOBZ) is a new and exciting tool to stimulate business activity in Greater Minnesota. Eligible businesses in a zone will operate in an environment nearly free of state and local taxes. These tax incentives will help new and expanding companies lower their overall costs and facilitate their growth.

To qualify for the tax exemption, a business must start-up in the zone, relocate from outside the zone or expand. Companies relocating from another Minnesota site qualify by increasing employment by 20 percent within the first year or making capital investment of at least 10 percent of gross revenues. In addition, businesses must also meet local business assistance goals to qualify for tax exemptions.

Exemptions are available for up to 12 years beginning in January 2004

JOBZ-related information is available at positivelyminnesota.com. This web site offers access to profiles of communities with zones, specific properties eligible for JOBZ benefits, site infrastructure, and local zone administrators to contact for more information. The site also offers access to a calculator on which businesses can estimate the potential savings of locating in a JOBZ zone.

JOBZ tax incentives will reduce company expenses, increase competitiveness, and help sustain further growth and expansion in Minnesota

Tax Exemptions

Corporate Taxes (Income tax, alternate ,minimum tax, minimum fee)
Individual Taxes (income tax on investment income, alternative minimum tax)
Sales and Use Taxes
Most Property Taxes ( except for land, general obligation bonds, and school operating levies in place prior to zone designation)
Wind Energy Production Tax

Tax Credits

Job Creation Credit

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