Incentives

The Borough of Barrington believes that its ability to grant tax exemptions and abatements is an essential part of a comprehensive strategy to attract new development and redevelopment.

Redevelopment Areas

In 1992, the Local Redevelopment and Housing Law was enacted, providing New Jersey municipalities the authority and flexibility to effectively revitalize their neighborhoods. Redevelopment is a very powerful and effective option to further the goals and objectives of the community as well as the goals and objectives of the developer. Enabling the municipality to act in a more business-like fashion in redevelopment projects, Barrington has designated a number of areas within the community as redevelopment areas:

•  White Horse Pike

•  Gloucester Pike

•  Clements Bridge Road

Tax Abatement Program

The Borough's commercial and industrial tax abatement program is a "phase-in" of property taxes over 5 years for new projects, or the rehabilitation and/or expansion of existing commercial and industrial properties. For further information, you may contact Public Solutions, Inc., the Borough's economic development consultants at (856) 429-6660.

Payment in Lieu of Taxes (PILOT) Program

The PILOT Program is a form of a long term tax exemption in which the developer pays an annual service charge to the Borough in the place of local property taxes. The municipality may base the amount of the PILOT on a percentage of a project's total cost over the term of the exemption or a percentage of the project's gross revenue which may fluctuate depending on the financial success of the project.

New Jersey Workforce Development Partnership

In addition to tax exemptions and abatements, the Borough can act as a link to Camden County College's New Jersey Workforce Development Partnership. Camden County College can help businesses to obtain public funds to pay for training to upgrade employee's skills. Camden County College has a $1 million track record in helping businesses obtain Work Force Development Grants from the State of New Jersey's Department of Labor. College personnel are familiar with the qualifying process and can assist in the application process. For more information on this free service, contact a Business Training Representative at (856) 874-6023, or send an email to the Director of Customized Training, Bill Mink at wmink@camdencc.edu . Camden County College