A powerful federal incentive designed to strengthen underserved communities by rewarding businesses that hire, invest, and operate within designated zones.
The Empowerment Zone Employment Credit is a federal tax incentive available to businesses located within designated Empowerment Zones. It provides a valuable wage-based credit for eligible employees, helping companies reduce tax liability while contributing to economic development in their local communities.
Permanent Federal Tax Credit Since 1981
The R&D Tax credit has been part of U.S. tax law since 1981 and is used annually by companies across dozens of industries. It is a standard, strategic benefit for businesses committed to continuous improvement and innovation.
A credit available to businesses operating within federally designated Empowerment Zones.
Businesses may qualify for a credit based on wages paid to eligible employees who live and work within the zone.
A straightforward way to reduce taxes and reinvest in operations, hiring, and growth.
Businesses located in designated Empowerment Zones
Companies employing individuals who live within the zone
Retail, service, industrial, professional, and mixed-use businesses
Businesses with full-time or part-time eligible employees
Organizations investing in local hiring and community growth
Reduce your federal tax liability
Strengthen local hiring and workforce development
Leverage a wage-based credit for eligible employees
Support investment in underserved communities
Create a competitive financial advantage for zone-based businesses
Determine whether your business location falls within a designated zone.
Identify employees who live and work within the zone.
Calculate eligible wages to determine total credit benefit.
Provide organized documentation your CPA can apply during tax preparation.
Summary Scenarios:
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