NJEDA CEO Tim Sullivan was the keynote speaker at NAIOP New Jersey's recent “Next Generation Incentives: Building on Success” program.

EDISON, NJ—A group of real estate and government officials tackled the controversial topic of the value of economic incentive programs in the State of New Jersey and while many agreed that incentives are necessary in some cases, several proposed programs raised some concerns by legislative and municipal officials.

One state politico at the session proposed to extend the deadline of two programs—Grow New Jersey and Economic Redevelopment and Growth (ERG)—that have come under fire recently and are set to expire on June 30.

NJEDA CEO Tim Sullivan and legislative and municipal leaders discussed incentives and the challenges facing state economic development programs as well as PILOTs during NAIOP New Jersey's “Next Generation Incentives: Building on Success” program held last week. The interactive discussion, part of the commercial real estate development association's Building a Better NJ series, took place at the Carpenters Apprentice Training Center in Edison.