Contact Us
Make My Homepage

Gov Christie Signs Economic Incentives Overhaul Bill

This afternoon at a State House press conference in his outer office, Gov. Chris Christie signed into law the Economic Opportunity Act of 2013. The measure streamlines the state’s five business tax incentive programs into two. One will be focused on jobs and the other on development.

Governor Chris Christie
Governor’s Office/Tim Larsen

“Today, I’m proud to make New Jersey an even more attractive place to do business,” says Christie. “It’s the development of private-sector employers and private-sector jobs that drives and will continue to drive New Jersey’s economic growth.”

The new law puts extra emphasis on spurring development and private sector job growth in “Garden State Growth Zones,” identified in the legislation as the four lowest median family income cities in the state: Camden, Trenton, Passaic City, and Paterson.

“Not only will this bill encourage more companies to create jobs throughout New Jersey, it will also give an extra boost to some of our biggest cities,” says Christie. “More and better-paying jobs are the keys to thriving cities, which are vital to the economic well-being of our entire state.”

Projects in the above mentioned cities will have lower eligibility thresholds and higher incentive levels. They will also be eligible to give property tax abatements for new development, allowing inner cities like Camden to spur development and compete with Philadelphia for private sector jobs and residential growth.

Best of NJ101.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.