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Acting Governor Oliver Signs Urban Enterprise Zone Reform Bill

On August 17, Acting Governor Sheila Oliver signed into law the Urban Enterprise Zone (UEZ) Reform Bill (A5580/S3600). The legislation restores and revises the UEZ Program and appropriates $42.5 million in Zone Assistance Funds (ZAF) for FY22, bringing the program back to full operation after having been without a funding source for more than ten years.

The CCSNJ has long advocated for changes to the UEZ program and was proud to support this bill as it moved through the legislature, particularly the enhanced eligibility for designation of a UEZ in a county that does not have a UEZ. Given the success the UEZ program has already demonstrated in South Jersey, the CCSNJ looks forward to the expansion of the program to additional parts of the state.
 
Should you have any questions, please contact Hilary Chebra, Manager of Government Affairs at hchebra@chambersnj.com. 
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