NJBIA’s Christopher Emigholz takes a big picture look at the “New Jersey Economic Recovery Act” with a new Fast Facts document that highlights for employers and entrepreneurs how the recently enacted 249-page law may help their businesses.
The six-year, $14 billion package of tax incentive programs aims to make economic development projects more affordable, create jobs and boost the state economy. In addition to new corporate tax incentives to replace expired tax breaks, the law also has incentives to grow the innovation economy, restore brownfields, rehabilitate historic properties, assist “food deserts,” and help Main Street businesses.
The NJBIA Fast Fact, “Highlights of the New Jersey Economic Recovery Act of 2020,” is available here. NJBIA members can contact Christopher Emigholz with questions about this law, or any other taxation or economic development issue.