Bill
Bill > A1107
summary
Introduced
01/27/2016
01/27/2016
In Committee
01/27/2016
01/27/2016
Crossed Over
Passed
Dead
01/08/2018
01/08/2018
Introduced Session
2016-2017 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, along with agencies, public or private economic development organizations, and other entities like businesses, educational institutions, and nonprofits, to form regional economic development partnerships. These partnerships can engage in joint regional economic planning, develop economic development or redevelopment strategies, and undertake various economic development activities. The regional partnerships may be eligible for loans or grants to support their marketing, advertising, and promotional programs. The bill also allows for alternative economic development agreements between counties and municipalities without forming a formal regional partnership, subject to approval by the Local Finance Board.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development Committee (on 01/27/2016)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2016/Bills/A1500/1107_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2016/Bills/A1500/1107_I1.PDF |
Loading...