Bill > A2516

Introduced 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.

AI Summary

Committee Categories

Bob Andrzejczak (D)*,  Herbert Conaway (D)*,  Wayne DeAngelo (D)*,  R. Bruce Land (D)*,  Nancy Pinkin (D)*,  Cleopatra Tucker (D)*,  JoAnn Downey (D),  Eric Houghtaling (D), 

Reported out of Assembly Committee, 2nd Reading (on 10/06/2016)