S1562

TRENTON – Legislation sponsored by Senators Sandra Bolden Cunningham, Raymond J. Lesniak and Barbara Buono that would expand two of the state’s economic development incentive programs to encourage property investment, development and job creation was approved today by the full Senate.

“By expanding successful programs such as the Urban Hub Tax Credit and Grow NJ, that have been proven to create jobs, we can continue to encourage redevelopment and capital improvements in urban centers, abandoned properties, and across the state,” said Senator Cunningham, D-Hudson. “Increasing the amount of tax credits available to businesses that are putting people back to work in the Garden State is a common-sense approach that will continue to encourage a positive economic growth climate in the state.”

TRENTON – Legislation sponsored by Senators Sandra Bolden Cunningham, Raymond J. Lesniak and Barbara Buono that would expand two of the state’s economic development incentive programs to encourage property investment, development and job creation was unanimously approved today by the Senate Budget and Appropriations Committee.

“Programs such as the Urban Hub Tax Credit Program and the Grow NJ Program are encouraging growth and creating jobs in New Jersey’s urban centers and across the state where development has stagnated,” said Senator Cunningham (D-Hudson). “It is important that we fund these innovative programs appropriately so that they can continue to be useful tools in reshaping our post-recession economy.”