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  • NJ A338
  • Authorizes political subdivisions to require recipients of economic development incentives to enter into community benefits agreements.
Introduced
(1/27/2016)
In Committee
(6/12/2017)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill authorizes any political subdivision within this State, when entering into an economic development subsidy granting an amount in excess of $100,000 to a developer, to condition the grant proceeds upon the grantee's promise to enter into a community benefits agreement. The bill defines "community benefits agreement" to mean a legally binding contract concerning a specific project which requires contractors and developers of the project to make specific contributions for the benefit of the community including, but not limited to, provisions related to local hiring, area wage and benefits standards, or engaging local businesses for the provision of goods and services.
2nd Reading in the Assembly, Commerce and Economic Development
Reported out of Assembly Committee, 2nd Reading  (on 6/12/2017)
 
 
Date Chamber Action Description
6/12/2017 A Reported out of Assembly Committee, 2nd Reading
6/12/2017 Assembly Commerce and Economic Development Hearing (19:00 6/12/2017 )
1/27/2016 A Introduced, Referred to Assembly Commerce and Economic Development Committee
Date Motion Yea Nay Other
Detail 6/12/2017 Assembly Commerce and Economic Development Committee: Reported Favorably 8 3 1