Permits political subdivisions to require grantees of certain economic development subsidies to enter into community benefits agreements.
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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 allows New Jersey counties and municipalities to require companies receiving economic development subsidies to create community benefits agreements. These agreements would outline specific ways the company will positively impact the local community, such as hiring local residents, offering fair wages, and utilizing local businesses. The bill defines key terms like ‘community benefits agreement’ and ‘economic development subsidy’ to ensure clarity and consistency.
Bill text
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Document of record
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Primary sponsor
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