Bill
Bill > A1858
summary
Introduced
01/14/2020
01/14/2020
In Committee
01/14/2020
01/14/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill authorizes local governmental entities to enter into regional economic development partnerships for the purpose of engaging in joint regional economic planning and formulating an economic development or redevelopment strategy. Under the bill, regional economic development partnerships could include any combination of county governments, municipal governments, agencies or instrumentalities thereof, and public or private economic development organization. A regional economic development partnership may also include businesses, business organizations, educational institutions, nonprofit organizations, and other entities located within the region.
AI Summary
This bill authorizes local governmental entities, such as county and municipal governments, as well as economic development organizations, to enter into regional economic development partnerships. These partnerships can engage in joint regional economic planning, formulate economic development or redevelopment strategies, and undertake various economic development activities, including assisting existing businesses, attracting new businesses, providing incentives to retain businesses, and redeveloping areas or facilities. The partnerships can include businesses, business organizations, educational institutions, nonprofit organizations, and other entities within the region. The partnerships can be registered with the New Jersey Economic Development Authority and may be eligible for loans or grants to support their activities.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development Committee (on 01/14/2020)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2020/A1858 |
| BillText | https://www.njleg.state.nj.us/Bills/2020/A2000/1858_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2020/A2000/1858_I1.PDF |
| BillText | https://www.njleg.state.nj.us/2020/Bills/A2000/1858_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A2000/1858_I1.PDF |
Loading...