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Enterprise Zone

Companies involved in manufacturing, research associated with manufacturing and distribution warehousing (new construction/expansion only) as well as certain service companies that develop properties in an Enterprise Zone or a zone that is eligible for Enterprise Zone-level benefits will receive:

  • a five-year, 80% abatement of local property taxes on qualifying real estate and personal property (note: the company must be new to the municipality’s grand list as a direct result of a business expansion or renovation); and
  • a 10-year, 25% credit on the portion of the corporate business tax that is directly attributable to a business expansion or renovation project, as determined by the Connecticut Department of Revenue Services. The credit may increase to 50% based on number of new jobs created.

Newly formed corporations located in a zone qualify for a 100% corporate tax credit for their first three taxable years and a 50% tax credit for the next seven taxable years.

Eligibility for Businesses

These programs are designed to encourage capital improvements to land and/or buildings. Businesses must be prepared to either:

  • renovate an existing facility by investing at least 50% of the facility’s prior assessed value in the renovation; OR
  • construct a new facility or expand an existing facility; OR
  • acquire a facility that has been idle for a stated minimum timeframe

For more details, go to the Connecticut Department of Economic Development website. To apply for this program, contact Paige Bronk, or 860-446-5960.

Paige Bronk

Economic and Community Development Manager

Town of Groton

134 Groton Long Point Road
Groton, CT 06340

Phone: 8604465960

Category: Incentives

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This program provides tax incentives for manufacturers and certain related businesses that build or substantially renovate facilities in the Groton-New London Airport area. For details, refer to the Groton-New London Airport ADZ Overview.
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Low-interest loans for brownfield investigation, assessment, remediation and development. Available for manufacturing, retail, residential or mixed-use developments, expansions or reuses. Contact Paige Bronk, 860-446-5960
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Financing solutions for technologies such as high-efficiency lighting, HVAC upgrades and renewable energy systems. Programs include: New Construction/Gut-Rehab Energy Efficiency/Deferred Maintenance Historic Tax Credits Go to or or call 860-257-2176.
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Save energy and reduce your energy bills with incentives, rebates, financing and services for energy efficiency and clean energy improvements. Go to
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Residential and non-manufacturing commercial property in the Enterprise Zone which is either newly constructed or rehabilitated is eligible for graduated deferral of assessment increases over a seven-year period.
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Foreign Trade Zones (FTZ) are designated areas which are considered outside of U.S. Customs territory. Companies that operate in FTZ designated areas can defer, reduce, or eliminate customs duties on foreign products that are brought into the zones for storage, exhibition, assembly, manufacture, and processing. Customs...
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Tax abatements and fixed assessments targeted towards projects with high anticipated job-creation or other economic benefits.   Eligible uses include: Construction, Expansion and Renovation Facilities & Manufacturing Machinery Equipment Upgrades Contact Paige Bronk at 860-446-5960
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Incentive-driven direct loans for projects when there is a strong economic development potential. Eligible investments include: Planning, engineering, market studies, etc. Acquisition of property or equipment Construction, renovation, demolition Contact Tricia Paesani at 860-270-8215 or
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Matching (50%) grants for training projects that equip workers to begin or advance their careers—targeted towards economically vital industries with high-growth occupations, e.g., Adv. Manufacturing, Bioscience. Please contact Bernice Zampano at (860) 263-6732 or via email at for further assistance with the program. More details,...
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