NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
The New Jersey Economic Development Authority (NJEDA) says interest in the state’s Angel Investor Tax Credit Program soared to record levels in 2020, as investors submitted more than 700 applications, nearly three times the average of previous program years. Applications also hit the legislative cap of $25 million in late October, marking the first time the […]
NJBIA’s Christopher Emigholz takes a big picture look at the “New Jersey Economic Recovery Act” with a new Fast Facts document that highlights for employers and entrepreneurs how the recently enacted 249-page law may help their businesses. The six-year, $14 billion package of tax incentive programs aims to make economic development projects more affordable, create jobs and boost the state economy. In addition to new corporate tax incentives to replace expired tax breaks, the law also has incentives […]
—Background— The wide breadth and rich depth of the unprecedented, more than $14 billion multi-year “New Jersey Economic Recovery Act of 2020” (P.L.2020 c.156) makes the law a potentially transformative economic development tool. It passed the Legislature on Dec. 21, 2020 and was signed into law by Gov. Phil Murphy at a ceremony with NJBIA […]
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