Eastern CT Enterprise Corridor Zone

How it works

The Town of Putnam lists the Eastern CT Enterprise Corridor Zone incentive as a 5-year 80% tax exemption for qualifying real estate and personal property. The page says it is available to certain companies, primarily manufacturers.

What the money covers

The exemption applies to qualifying real estate and personal property.

Project requirements

• The facility must be either new construction or an expansion.
• The page says the program is for certain companies, primarily manufacturing.

How to apply

• Applicants must apply with and be approved by the state DECD.
• The process begins with the Town Economic & Community Development Department.
• The page offers a pre-application link and provides a phone number for questions: 860-963-6800 ext. 200.

Timing and deadlines

• The page does not state a closing date or application window.
• The exemption term is 5 years.