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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 more wrong. That’s the old way of thinking. That doesn’t mean that it won’t apply necessarily to big corporations, but the days when it only applied to big ones are over,” Murphy said. ....

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