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  • NJ A1947
  • Exempts local public contracts with start-up manufacturers that invest in redevelopment areas from bidding requirements.
Introduced
(1/27/2016)
In Committee
(10/6/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill would permit local units to award public contracts to start-up manufacturers that make investments in struggling parts of the local unit without public advertising for bids and bidding, which is generally required under current law. Many communities in the State continue to struggle with deteriorating physical conditions, economic stagnation or decline, and a lack of proper development. These communities are generally located in the most urbanized parts of the State, which are close to major transportation networks. This bill would provide local units with another tool to attract business investment in such hard-hit areas in order to help turn more communities around through neighborhood revitalization, job creation, and additional tax revenues. The bill's provisions are limited to new, small manufacturers in order to attract businesses with significant growth potential in a struggling sector of the economy. The bill would also provide environmental benefits through greater transportation efficiencies that would be realized from encouraging manufacturers to move closer to purchasers and major transportation networks. For a contract to be awarded without public bidding under the bill, (1) a manufacturer would have to be a start-up business; (2) a manufacturer's offices and manufacturing facility would have to be located in an area within the local unit determined to be in need of redevelopment pursuant to the "Local Redevelopment and Housing Law," P.L.1992, c.79 (C.40A:12A-1 et al.); (3) the manufacturing facility would have to be either newly constructed or substantially refurbished; (4) the manufacturer may not have been a previous owner or tenant of the manufacturing facility; (5) the manufacturer would have to invest at least $1 million in the manufacturing facility; (6) the manufacturer may not have already been awarded 10 years' worth of such contracts without public bidding; and (7) the purchase price would have to be less than 15 percent over the fair market value for equivalent purchases.
2nd Reading in the Assembly, Commerce and Economic Development
Reported out of Assembly Committee, 2nd Reading  (on 10/6/2016)
 
 

Date Chamber Action Description
10/6/2016 A Reported out of Assembly Committee, 2nd Reading
10/6/2016 Assembly Commerce and Economic Development Hearing (13:00 10/6/2016 Committee Room 16, Fourth Floor)
1/27/2016 A Introduced, Referred to Assembly Commerce and Economic Development Committee
Date Motion Yea Nay Other
Detail 10/6/2016 Assembly Commerce and Economic Development Committee: Reported Favorably 9 3 0