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NJBIA > Tag: Economic Recovery Act of 2020

Economic Recovery Act of 2020

NJEDA Wants to Hear How It’s Doing  

Feb17,2021
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The New Jersey Economic Development Authority is seeking public feedback on how it’s working to implement the $14 billion Economic Recovery Act’s package of tax incentives, financing and grant programs.  To do this, NJEDA has launched a new online portal that outlines the wide range of programs available under the law and gives the public the opportunity to submit comments on ERA-related topics, as well as the regulations drafted to implement the programs.  Gov. Phil Murphy […]

A Closer Look at the New Tax Incentives Legislation

Dec18,2020
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New Jersey has been without a much-needed tax incentive program for nearly 18 months.  That’s a year-and-a-half of our state relying mostly on its disappointing business climate to attract businesses which create jobs and provide tax revenue. So NJBIA was pleased to see Gov. Phil Murphy and legislative leadership reach an agreement on the framework of a six-year, $11.5 billion economic incentive program this week.  And while […]

NJBIA Testifies in Support of Tax Incentive Legislation

Dec18,2020
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NJBIA Vice President of Government Affairs Christopher Emigholz has submitted testimony to the Assembly Appropriations and Senate Budget and Appropriations committees highlighting the great need for the Economic Recovery Act of 2020 (S-3295/A-4), after 18 months of New Jersey having no active, comprehensive economic development program.     Emigholz details the strengths of the legislation, as it […]

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