Energy Conference: Decarbonization - A Business Perspective REGISTER

Member Content Only

Get started becoming a member today.

Become a Member Already a member? Sign In
Andrew Musick

Andrew Musick, Vice President

Yesterday, the Assembly Appropriations Committee released two bills, both supported by NJBIA, concerning New Jersey’s Urban Enterprise Zones (UEZs):

  • A-3549 (Pintor Marin, D-29; Mukherji, D-33; Gusciora, D-15) would extend the duration of each previously designated UEZ for 10 years from the effective date of the bill, including the UEZs in the towns of Bridgeton, Camden, Newark, Plainfield and Trenton, which expired at the end of 2016.
  • A-3551 (Pintor Marin, D-29; Mukherji, D-33; Gusciora, D-15) would require the New Jersey Urban Enterprise Zone Authority to undertake a review and analysis of the UEZ program and report its findings and recommendations to the Governor and the Legislature, no later than 24 months after the effective date of the bill.

New Jersey’s UEZ program, enacted in 1983, fosters an economic climate that revitalizes designated urban communities and stimulates their growth by encouraging businesses to develop and create private sector jobs through public and private investment. Businesses in UEZs are allowed to charge half of the state’s regular sales tax rate and receive incentives such as business-to-business tax exemptions, subsidies for unemployment insurance, and tax credits for hiring and investing.

Join us April 25 for Meet the Decision Makers – State Treasurer Elizabeth Maher Muoio

News

Join a Policy Committee

By joining a NJBIA Policy Committee, you are a member of a select group of members from many different businesses who share a common interest in a particular area of concern.

Member Signup Sign In To be part of a Policy Committee, your company must be a member of NJBIA. Already a member? Simply sign in.
Issue Areas