New Jersey Economic ReCovery ActSubmit Feedback View Programs
Edwin J. Torres/NJ Governor’s Office
About the Economic Recovery Act
Governor Phil Murphy signed the New Jersey Economic Recovery Act of 2020 (ERA) into law on January 7, 2021. The ERA creates a seven-year, $14 billion package of tax incentive, financing, and grant programs that will address the ongoing economic impacts of the COVID-19 pandemic and build a stronger, fairer New Jersey economy.
Programs outlined in the law include:
- Tax credits to incentivize job creation and capital investment;
- Investment tools to support and strengthen New Jersey’s innovation economy;
- Tax credits to strengthen New Jersey’s communities including revitalization of brownfields and preservation of historic properties;
- Financial resources for small businesses, including those impacted by the COVID-19 pandemic;
- Support for new supermarkets and healthy food retailers in food desert communities;
- Additional tax credits for film and digital media.
Economic Recovery Act Programs
Economic Recovery Act Reform Provisions
The NJ Economic Recovery Act of 2020 contains meaningful reforms that will better position New Jersey to recover from economic crisis caused by the COVID-19 pandemic while remaining true to the Authority’s commitments to transparency and accountability.
Three ways you can provide FEEDBACK to how NJEDA sets up the ERA programs…
Provide general suggestions on one or more ERA programs prior to NJEDA releasing program-specific information.
You can use this website to provide thoughts on the ERA legislation and how NJEDA should implement the ERA programs.
Provide specific feedback on draft program regulations, before they are approved by NJEDA’s Board.
NJEDA will post additional draft ERA program regulations on this website for public input as they are developed.
Provide formal public feedback on the proposed regulations approved by our Board.
All ERA programs will have a formal APA 60-day public comment period once proposed rules are published.