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  • NJ A2516
  • Provides incentives for certain businesses associated with military installations.
Introduced
(2/4/2016)
In Committee
(10/6/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill provides incentives to businesses that are related to, supportive of, and located on commercial property within a five-mile radius of the outer boundary of, a military installation in this State. The incentives under the bill include: 1) business eligibility for tax credit bonus of $500 per employee under the Grow New Jersey Assistance Program if not already eligible; 2) a lower than average interest rate on any small business loan offered by the New Jersey Economic Development Authority; and 3) a requirement that the Department of State provide the business with a single contact person who is to be responsible for assisting the business, on an individual basis, and act as the point of contact between that business and all appropriate government entities throughout the permit and approval application process. This bill implements a recommendation of the July 2015 report by the New Jersey Military Installment Growth and Development Task Force.
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 Assembly Appropriations Hearing (12:00 10/6/2016 Committee Room 11, 4th Floor)
10/6/2016 A Reported out of Assembly Committee, 2nd Reading
10/6/2016 Assembly Appropriations Hearing (13:00 10/6/2016 Committee Room 11, 4th Floor)
6/2/2016 A Reported out of Asm. Comm. with Amendments, and Referred to Assembly Appropriations Committee
6/2/2016 Assembly Commerce and Economic Development Hearing (13:30 6/2/2016 Committee Room 16, Fourth Floor)
2/4/2016 A Introduced, Referred to Assembly Commerce and Economic Development Committee
Date Motion Yea Nay Other
Detail 10/6/2016 Assembly Appropriations Committee: Reported Favorably 10 0 1
Detail 6/2/2016 Assembly Commerce and Economic Development Committee: Reported with Amendments 11 0 1