Brownfields Redevelopment Incentive Program News Today

NJEDA approved a brownfields program that will provide $300 million in incentive funding for redevelopment projects.

To embed, copy and paste the code into your website or blog: To revitalize a state suffering from the economic and personal hardships wrought by the COVID pandemic, New Jersey Governor Murphy signed into law on Jan. 7, 2021, the New Jersey Economic Recovery Act of 2020.  The Act adopts a series of incentives to both encourage businesses to settle in New Jersey and prevent Garden State businesses from fleeing to greener pastures elsewhere.  Many of these programs will be administered by the Ne...

HAMILTON (Mercer) — Gov. Phil Murphy enacted a law Thursday authorizing nearly $14.5 billion in tax breaks, loans and grants for businesses, part of a long-stalled economic plan he says will support “thousands of good jobs.” Murphy signed the law in a ceremony outside Carella’s Chocolates & Gifts in Hamilton to highlight that the wide-ranging plan includes $50 million for a Main Street Recovery Finance program providing grants, loans and loan guarantees to small businesses. “After all...

On December 21, 2020, the New Jersey Legislature passed the “ New Jersey Economic Recovery Act of 2020” (the “Economic Recovery Act” or the "Act"), an omnibus piece of legislation which provides support for various programs and policies related to jobs, property development, food deserts, community partnerships, and small and early-stage businesses, among others. The bill now heads to Governor Murphy, who is expected to sign it into law. In an effort to bolster development, the Economic...

UpdatedThu, Dec 24, 2020 at 10:13 am ET Replies(82) (Jose F. Moreno, Staff Photographer / The Philadelphia Inquirer) NEW JERSEY — As businesses continue to struggle and many find it hard to make ends meet, Gov. Phil Murphy is set to sign a massive, $14 billion corporate tax-break bill into law thats supposed to give New Jersey a big boost amid the COVID-19 crisis. The more than 100-page New Jersey Economic Recovery Act of 2020 — introduced last Wednesday — received criticism for its limit...

Press Releases Pintor Marin, Coughlin on Comprehensive Economic Recovery Plan and Tax Incentive Reform Legislation, Measure Clears Legislature, Goes to Governor December 21, 2020, 2:34 pm | in Pintor Marin, Coughlin on Comprehensive Economic Recovery Plan and Tax Incentive Reform Legislation, Measure Clears Legislature, Goes to Governor Bill Receives Strong Bipartisan Support in Assembly & Senate   (Trenton) – Supporting small businesses, driving sustainable economic ...

Press Releases Over 100 New Jersey Leaders Come Out in Support of Economic Recovery and Tax Incentives Reform Legislation December 21, 2020, 11:56 am | in Over 100 New Jersey Leaders Come Out in Support of Economic Recovery and Tax Incentives Reform Legislation 12/20/2020 TRENTON – Over 100 leaders in government, the private sector, and labor from across the state expressed their support for the New Jersey Economic Recovery Act of 2020, which will be voted on in the L...

Press Releases Pintor Marin, Coughlin on Comprehensive Economic Recovery Plan and Tax Incentive Reform Legislation, Measure Clears Legislative Panels December 18, 2020, 5:54 pm | in Pintor Marin, Coughlin on Comprehensive Economic Recovery Plan and Tax Incentive Reform Legislation, Measure Clears Legislative Panels   (Trenton) – Supporting small businesses, driving sustainable economic growth, and the long-overdue reform of our tax incentives system— the legislation...