Brownfields Redevelopment Incentive Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 New Jersey Economic Development Authority (“Authority”). The new Emerge Program provides tax credi...

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, incentives are set aside only for big corporations, right? Well starting today, that could not be ...

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 Recovery Act creates, among other things, various tax credit programs which will provide qualifying...

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 that's 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 limited public testimony. But Murphy defended the proposal in Monday's coronavirus news conference, sayi...