A 171
Establishes Main Street Economic Growth Program to encourage business development in certain small municipalities.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes the Main Street Economic Growth Program to encourage business development in small New Jersey municipalities. The program, administered by the New Jersey Economic Development Authority, will provide loans, loan guarantees, tax credits, and technical assistance to businesses located in designated ‘Main Street areas.’ Municipalities can designate these areas, which must meet specific criteria like population size and development level. The bill also includes tax credits for businesses participating in the program, aiming to stimulate economic growth in these smaller communities.
Sponsors
Official sponsors from legislative records.
Primary sponsors
Michael Inganamort
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.