Is the City of Seat Pleasant a qualified HUB Zone?

The City of Seat Pleasant is in a qualified HUB Zone and any business located in the city that is minority owned and whose owners live in the city can apply to become a HUB Zone certified business. The HUB Zone program has three mechanisms for targeting contracts to HUB Zone certified businesses:

  • Set-asides
  • Sole source awards
  • Price preferences

In the eight-year period from Fiscal Year (FY) 2000 through FY 2007, there have been about 21,350 contracts totaling $6.28 billion awarded through the three HUB Zone mechanisms.

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1. What is the General Income Tax Credit for hiring new employees?
2. What is the Large State Income Tax Credit for hiring economically disadvantaged employees?
3. What is the New Job Creation Tax Credit for hiring economically disadvantaged employees?
4. What is a Business Personal Property Tax Credit?
5. What are Real Estate Tax Credits for new construction?
6. What are Opportunity Zones Tax Deferrals or Abatements?
7. What is a New Market Tax Credit (NMTC) and how does the Tax Credit Work in the City of Seat Pleasant?
8. What is the purpose of Health Enterprise Zone (HEZ) Investment Initiative?
9. How does a Sustainable Community Designation receive funding?
10. What is a Qualified Opportunity Fund?
11. Does an investor need to live in Seat Pleasant to take advantage of the tax benefits of an Opportunity Zone?
12. Is the City of Seat Pleasant a qualified HUB Zone?
13. What are the guidelines for federal level tax incentives?
14. How do I apply for a business license?
15. What is the Economic Development Revolving Loan Fund (ED-RLF)?
16. What is the EB-5 Visa Program?
17. What's the difference between an Opportunity Zone investment versus a Non-Opportunity Zone investment?