NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
The incentive programs used to help attract companies to New Jersey and retain the ones already here lacked sufficient management and oversight, according to a report released today by the Office of the State Comptroller. The audit looked at 1,000 projects that had received nearly $11 billion in tax incentives and cited a lack of […]
NJBIA President & CEO Michele N. Siekerka, Esq. issued the following statement regarding today’s recommendations by the Office of State Comptroller to enhance monitoring efforts for New Jersey’s tax incentive programs. “State tax incentive programs for businesses of all sizes should be an important part of our overall economic strategy to make New Jersey competitive […]
Gov. Chris Christie signed legislation to increase tax credits under the Grow New Jersey Assistance Program for businesses undertaking collaborative research with New Jersey colleges and universities. The legislation, A-4432, (Schaer, Lampitt), is designed to help spur job creation and boost the economy by allowing a base tax credit of up to $5,000 per year […]
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