Qualifications

Census Track Qualification

• Poverty rates greater than 30 percent; or
• Median family income does not exceed 60 percent of statewide median family income; or
• Unemployment rates at least 1.5 times the national average; or
• Designated for redevelopment by a governmental agency; or
• Federally designated Empowerment Zones; or
• Federally designated Enterprise Communities; or
• Federally designated Renewal Communities; or
• SBA designated HUB Zones; or
• Brownfields redevelopment areas.

Business Activity Criteria

• At least 50% of the total gross income of such entity is derived from the active conduct of a qualified business within any Low-Income Community (LIC); and
• At least 40% of the use of the tangible property of such entity (whether owned or leased) is located within any LIC; and
• At least 40% of the services are performed in LICs.

**Note: The gross income test is deemed to be met if either the tangible property or the services test is 50% or higher.**