The New Jersey Economic Development Authority (NJEDA) is asking residents of the Garden State especially those struggling with food insecurity and those living in food deserts without easy access to fresh, nutritious foods to share their insights and ideas.
Residents can respond by 11:59 p.m. May 17 by visiting www.njeda.com/bidding/#OET and clicking on the tab that reads Economic Transformation Requests for Information.
The NJEDA is working with Gov. Phil Murphy s office, the NJ Division of Community Affairs, and NJ Dept. of Agriculture to implement the Food Desert Relief Act signed into law by Murphy in January.
The law directs the NJEDA to address food insecurity and other needs of underserved communities across the state by providing up to $40 million a year for six years in tax credits, loans, grants and technical assistance to increase access to nutritious foods and alleviate food deserts.
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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 credits to encourage economic development, job creation and the retention of significant numbers of jobs in imminent danger of leaving the state. The program will target businesses that build, acquire or lease space in the state with plans to create or retain full-time jobs.
UpdatedThu, Dec 24, 2020 at 10:13 am ET
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(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, saying the bill would update economic-development incentive programs that expired more than a year ago.
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 growth, and the long-overdue reform of our tax incentives system the legislation sponsored by Assembly Budget Chair Eliana Pintor Marin and Assembly Speaker Craig Coughlin to put New Jersey on a path to economic recovery post-COVID-19 and into the future cleared the full Legislature on Monday.
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 sponsored by Assembly Budget Chair Eliana Pintor Marin and Assembly Speaker Craig Coughlin to put New Jersey on a path to economic recovery post-COVID-19 and into the future was approved by the Assembly and Senate Appropriations panel on Friday.
“We worked to develop a comprehensive piece of legislation that will put New Jersey on a path to economic recovery post-COVID-19 and beyond,” said