TRENTON – Today, Senator Jeff Van Drew and Senate President Steve Sweeney agreed to advance Governor Phil Murphy’s conditional veto of their bill to create a Garden State Growth Zone around the Atlantic City airport.
“The Senate President and I spoke today about the unfortunate conditional veto of A-3676, our bill that provides Garden State Growth Zone incentives at the Atlantic City Airport, and he and I have decided to accept the Governor’s changes,” said Senator Van Drew (D-Atlantic/Cape May/Cumberland). “Although we believe that the version of the bill passed by the Legislature was better for the Atlantic County economy, we realize that a scaled down incentive still provides a needed benefit that will help attract jobs to the area surrounding the airport.”
Under the Grow New Jersey Assistance Program and the Economic Redevelopment and Growth Grant Program, qualified businesses located in a Garden State Growth Zone benefit from enhanced incentives offered only to businesses located within the zones. The state currently has five designated Garden State Growth Zones: Atlantic City, Camden, Passaic, Paterson, and Trenton.
The new Garden State Growth Zone will be created within an “aviation district,” which is defined to mean all areas within the boundaries of the Atlantic City International Airport and the Federal Aviation Administration William J. Hughes Technical Center, and the area within a one-mile radius of the outermost boundary of that airport and technical center.