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New Jersey Legislature Approves New Jersey Economic Recovery Act Of 2020, Paving Way For New Economic Growth Tools And Incentive Programs Monday, December 28, 2020
With the world’s focus tethered to economic stimulus related to the impacts of COVID-19, it’s easy to forget that New Jersey’s Grow New Jersey and Economic Revitalization & Growth programs expired on July 1, 2019 without a replacement. Since then, the legislature has made several attempts at replacing these critical programs without success. Finally, last week Assembly Bill 4, titled “New Jersey Economic Recovery Act of 2020,” was passed by votes in both the New Jersey State Assembly and State Senate. The bill is a comprehensive tax incentive overhaul legislation in response to the COVID-19 pandemic, and replaces the expired corporate tax incentives with new programs. The plan provides for the administration and funding of programs related to the creation of jobs, property and rea
A How-To Guide for Strengthening State and Local Prevailing Wage Laws
Raising Standards for Government-Funded Work
December 22, 2020, 9:02 am Getty/John Moore
A custodian cleans ahead of the return of students at a school in Stamford, Connecticut, August 2020.
Julia Cusick
Introduction and summary
State and local governments spend billions of dollars each year on goods and services that are provided by private companies.
1 Yet, all too often, this spending undermines the labor standards of high-road companies that pay good wages and benefits, delivers jobs that pay poverty wages, and provides poor value to taxpayers. Policymakers can help ensure that government dollars uphold local market wages, support high-quality jobs, and deliver value to taxpayers by enacting prevailing wage laws, which require recipients of government funding to provide workers with wages and fringe benefits that are comparable to those paid to other similarly placed workers in the region.
Reimagining child care in New Jersey, funding and access
If there has been one truism brought to the fore during the COVID-19 pandemic, it is that child care is critically important.
In almost every sector of life, the need for quality and affordable child care has affected children and their families, businesses and their employees, and the state’s recovery as a whole.
NJ Spotlight News last week hosted a virtual roundtable discussion on the critical role that child care will play in the restart of New Jersey’s economy.
The following are edited excerpts from the discussion:
Economic case for early childhood care
Things got interesting during Governor Phil Murphy s COVID-19 press briefing on Monday. You might call this one #meatgate.
As business people across the state watched nervously, always waiting for the other shoe to drop and more restrictions to be announced, a slogan appeared on the screen which got some people s attention. You can’t beat our meat.
Listen folks, this was simply Phil Murphy trying to pay praise to a New Jersey business as it struggles its way through a challenging pandemic year. The presser showed a 1911 Smoke House bar-b-que panel on the screen but at the bottom of that was the restaurant s phrase. You can’t beat our meat.