Skip to content

Legislative Updates

Quick Links

POSITION PAPERS
LEGISLATIVE WORK
PUBLIC POLICY COMMITTEES
NJ LEGISLATURE
RESOURCE CENTER

Back to Legislative Updates

NJEDA Seeking Feedback on Implementation of Economic Recovery Act of 2020

Legislative Updates Taxation
On February 17, the New Jersey Economic Development Authority (NJEDA) announced that it has launched a website to provide information on the Economic Recovery Act of 2020 and collect input from the public on the implementation of the package of tax incentive, financing, and grant programs that will be created under the Act.

The CCSNJ was proud to support the Economic Recovery Act (ERA), which was signed into law on January 7, 2021. The law creates several tax incentive programs including the NJ Emerge program, which takes the place of the Grow New Jersey program and the NJ Aspire program, which replaces the Economic Redevelopment and Growth (ERG) gap financing program. It also includes $50 million for the Main Street Recovery Finance Program, targeted to help small businesses, as well as incentives for food retailers to locate their operations within food desert communities, such as Atlantic City and Camden. 

The NJEDA's online portal currently allows any member of the public to provide general pre-regulation input on programs and how NJEDA should implement the ERA programs. As NJEDA develops the ERA programs the portal will post additional specific pre-regulatory questions for public input. All ERA programs will have a 60-day. public comment period once rules are developed and published.

All comments submitted through this portal are subject to New Jersey’s Open Public Records Act. Visit www.njeda.com/economicrecoveryact for more information and to submit comments.

Should you have any questions, please contact Hilary Chebra, Manager of Government Affairs at hchebra@chambersnj.com.  
Powered By GrowthZone

Your Feedback is Important to Us!

For any Government-related comments, questions or suggestions please contact:

Hilary Chebra

Manager, Government Affairs, CCSNJ

SUBMIT FEEDBACK
Scroll To Top