Read Gov. Phil Murphy’s full 2021 State of the State address
Updated Jan 12, 2021;
Posted Jan 12, 2021
Gov. Phil Murphy delivers his latest State of the State address Tuesday in an empty theater at the Trenton War Memorial. It was broadcast Tuesday. Ed Murray | NJ Advance Media for NJ.com
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“My fellow New Jerseyans.
I don’t need to tell you these are different times. So, this is a different kind of speech.
Instead of delivering this address in a crowded state house, I’m standing in an empty theater.
Yet for all the changes, the most important things remain constant. Our values. Our priorities. Our vision. And that we are all New Jerseyans.
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On January 7, Governor Murphy signed into law the Brownfields Redevelopment Incentive Program Act (the Brownfields Act) as part of the broader New Jersey Economic Recovery Act of 2020 (the Recovery Act) (A4/S3925). The Recovery Act, effective immediately, appropriates over $55 million in spending and allows over $14 billion in potential tax credits aimed at various sectors and community projects.
The Brownfields Act authorizes $50 million in annual tax credits over six years to eligible developers of underused, contaminated commercial properties, known as “brownfields.” The tax credits are meant to compensate developers for the costs of cleaning up brownfields before development.
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