The City of Waterbury has created a business incentive program that provides tax abatements and other benefits to information technology based businesses. To focus the economic impact of the newly created tax abatement program, the City has defined a geographic area located within the Central Business District that is commonly known as the Information Technology Zone (ITZ). The City has installed an advanced communication infrastructure to enhance information technology business vitality in the Zone.

The City encourages economic development in the ITZ and the benefits offered serve as an inducement for companies that are located in, will relocate to, or expand primarily in the predefined zone.

Interested businesses are encouraged to communicate their interest to the Downtown Development Director for the Information Technology Zone. A meeting will be held with the applicant to determine the scope of the project, to obtain all pertinent information, and to insure the applicant's understanding of the application process.

Interested businesses must complete an application prior to project implementation. The application must be completed and submitted prior to the execution of any lease or property acquisition in order to receive ITZ benefits.

For further information on the Information Technology Zone, please contact Nancy Stokes, Downtown Development Director for the Information Technology Zone at 1-877-987-2879.