Joe Kelley is hopeful a new economic incentive program will be in place soon. That’s important for two reasons: New Jersey has been without its two main programs for more than three months now, and Kelley is Gov. Phil Murphy’s Deputy Chief of Staff for Economic Growth, making him the point person on the incentives […]
incentives
Op-ed: NJ Needs to Come Together on New Economic Incentive Program
New Jersey is now in its 13th week without a tax incentive program, which is a fundamental tool in most states’ economic development strategies. There also continue to be delays in the awarding of already approved 2018 tax credits. These are two facts that send one simple message to prospective employers: New Jersey is not open […]
NJBIA Backs Increase in Angel Investor Tax Credit
Increasing the Angel Investor Tax Credit would make it easier for startups and emerging technology businesses to succeed in New Jersey, the New Jersey Business & Industry Association (NJBIA) said. The Senate passed the bill on Thursday. “Increasing the tax credit will make New Jersey more attractive to venture capitalists looking for the next big […]
NJBIA Backs Manufacturing Reinvestment Accounts Legislation
Manufacturing reinvestment accounts would make it easier for small New Jersey manufacturers to invest in machinery, equipment and workforce development training so they can be a part of the resurgence of American manufacturing, the New Jersey Business & Industry Association (NJBIA) said today. “NJBIA has been working closely with the bipartisan Legislative Manufacturing Caucus, and […]
Newark Still in the Running for Amazon’s Second Headquarters
Newark has made the first cut to be home to Amazon’s second headquarters. The company announced this morning that after receiving 238 proposals in November, it had narrowed the search down to 20 locations, including New Jersey’s largest city. Newark now will compete with the likes of New York, Los Angeles and Washington, D.C. for […]