This week, NJBIA Vice President of Government Affairs told an Assembly committee that major policy decisions relating to climate change and development that will have significant impacts on New Jersey’s economy should be based on sound science – and should not be solely determined by the state Department of Environmental Protection (NJDEP). Cantor’s comments to […]
Economic Development
NJBIA’s Cantor to Participate in Panel Discussing Climate Change Regs and Development Decisions
NJBIA Vice President of Government Affairs Ray Cantor will serve as a panelist on March 9 hosted by the Brownfield Coalition of the Northeast (BCONE). The discussion, entitled “Aligning Regulatory Climate Change Risk with Development Decision Making” takes place as the New Jersey Department of Environmental Protection (NJDEP) is about to formally propose climate change […]
Economic Aid Act for the Paycheck Protection Program (PPP)
Economic Aid Act for the Paycheck Protection Program (PPP) —Background— On Dec. 27, 2020, President Trump signed the Economic Aid Act into law which included $284 billion for the Paycheck Protection Program (PPP). The legislation made several revisions to the program including changing eligibility requirements, creating a process for Second Draw loans, and adding additional […]
NJEDA Launches Free Consulting Program for Businesses Impacted by COVID-19
The New Jersey Economic Development Authority (NJEDA) today announced the Business Consulting for COVID-19 Recovery Program, a free consulting program to help small businesses in NJ Opportunity Zones address the challenges they are facing as a result of the COVID-19 pandemic and prepare for a strong long-term recovery. The program is open to all businesses […]
100% First Year Depreciation Deduction Regulations Finalized
The Treasury Department and the Internal Revenue Service today released the last set of final regulations PDF implementing the 100% additional first year depreciation deduction that allows businesses to write off the cost of most depreciable business assets in the year they are placed in service by the business. The 100% additional first year depreciation deduction was created […]