Search
 

Economic Opportunity Bill Signed by Christie

TRENTON, NJ-The new Economic Opportunity Act was signed into law by Gov. Christopher Christie Wednesday afternoon, after a long and tortured legislative process.

By Antoinette Martin | Updated on September 18, 2013

TRENTON, NJ-Gov. Christopher Christie signed the Economic Opportunity Act of 2013 into law Wednesday afternoon and commercial real estate leaders say it will ignite the tinderbox of delayed project development.

The new law folds five existing programs offering economic incentives to corporations and developers into two, lifts caps on the amount of tax credits that can be provided and expands the geographic areas where they are available. The Economic Redevelopment and Growth Grant is tied to creating jobs via development and the Grow New Jersey Assistance Program is intended to retaining jobs in the state.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.