Reduces number of manufacturing jobs required to qualify for NJEDA financing and incentive programs.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill modifies the requirements for businesses to qualify for New Jersey Economic Development Authority (NJEDA) financing and incentive programs. Specifically, it reduces the minimum number of manufacturing jobs a business must employ to be eligible. The bill also clarifies eligibility for certain businesses, such as those in urban enterprise zones and life sciences facilities, and addresses provisions related to project phases and employee classifications. It aims to encourage investment and job creation in New Jersey’s manufacturing sector.
Bill text
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Document of record
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Sponsors
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2 on record
Primary sponsors
Michael Testa
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