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Applications open for $1.1B corporate tax break program NJ Emerge


Applications open for $1.1B corporate tax break program
May 27, 2021
2:49 pm
The New Jersey Economic Development Authority is opening applications for a massive corporate tax break program meant to act as the cornerstone for the state’s post-COVID economic recovery
Called NJ Emerge, the program is capped at $1.1 billion a year for six years, with a seventh potential year for any unused tax credits. It’s meant to incentivize employers to remain in the state, or set up shop here in New Jersey.
An accompanying program is being finalized by the NJEDA called NJ Aspire, also capped at $1.1 billion a year and geared toward real estate and community development. ....

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New law boosts benefits for families of workers who died from COVID-19


New law boosts benefits for families of workers who died from COVID-19
April 20, 2021
8:29 am
Spouses of “essential workers” who contracted and died from COVID-19 will be entitled to expanded benefits under a measure Gov. Phil Murphy signed into law on April 19.
The legislation is the latest effort by lawmakers to expand the rights of workers who stayed on the job during the worst of the COVID-19 pandemic last year and the waves of outbreaks that have since transpired.
One of the state’s largest unions, the New Jersey chapter of the AFL-CIO, praised the bill.
Under Senate Bill 2476, families would get increased benefits through the worker’s compensation system. Families of essential workers who died from COVID-19 would be entitled to the cost-of-living adjustments typically afforded to the spouses of public safety workers – firefighters or police officers – who were killed in action. ....

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