Offers Virtual Listening Sessions and Online Feedback Submission Opportunities 

TRENTON, N.J. (April 1, 2021) – The New Jersey Economic Development Authority (NJEDA) today released a draft of the rules and targeted industry definitions under which the new Emerge business tax incentive program will be administered. Members of the public are encouraged to review the preliminary rules and industry definitions and provide feedback through one of three virtual Public Listening Sessions hosted by the Authority in April, or to submit written feedback through an online form available on the Economic Recovery Act website. The Emerge program is expected to begin accepting applications in late May.  

Emerge is part of the suite of programs created under the Economic Recovery Act of 2020 to address the ongoing economic impacts of the COVID-19 pandemic and build a stronger, fairer New Jersey economy. Emerge will drive job creation by making per-job tax credits available to projects that create good-paying jobs in the State’s priority sectors. To ensure a strong return on investment for taxpayers, projects that receive Emerge credits will need to demonstrate a net positive economic benefit of at least 400 percent in most cases.  

“The New Jersey Economic Recovery Act of 2020 creates a suite of tools to create impactful, long-term, equitable economic growth. Incorporating public input is part of the robust engagement that will help ensure the Emerge program is created and implemented in a transparent manner that considers the needs of all stakeholders and communities and benefits all New Jerseyans,” said NJEDA Chief Executive Officer Tim Sullivan. “Everyone is encouraged to share their ideas and concerns on the rules that will govern programs administered under the Economic Recovery Act.” 

Draft Emerge Program rules are available now for review in advance of the Public Listening Sessions. Please see https://www.njeda.gov/njeda_economic-recovery-act_emege-program-draft-rules-and-industry-definitions_04-01-2020_public/.  

Public Listening Sessions are scheduled for: 

  • Thursday, April 8th, 2021 at 5:00 p.m. 
  • Monday, April 12th, 2021 at 3:00 p.m. 
  • Wednesday, April 14th, 2021 at 3:00 p.m. 

Sessions are expected to last approximately two hours and can be accessed at tinyurl.com/xyr2k65r – Passcode: Emerge. 

Members of the media interested in attending a session or submitting questions are asked to email media@njeda.com. 

Members of the public can also submit written feedback on the Emerge Program through the webpage www.njeda.gov/EconomicRecoveryAct from April 5th through April 16th.   

In addition to Emerge, the Economic Recovery Act creates a suite of programs that includes tax credits to incentivize job creation, new construction, and revitalization of brownfields and historic properties; financial resources for small businesses; support for new supermarkets and healthy food retailers in food desert communities; new funding opportunities for early-stage companies in New Jersey; and support for the growing film and digital media industry. The NJEDA plans to continue to engage the public as new programs as rules are developed. Members of the public are also encouraged to provide general written input on the new programs via the NJEDA’s online portal.  

For more information and to provide written input on the design and implementation of Economic Recovery Act programs, visit https://www.njeda.gov/economicrecoveryact/. 


About NJEDA 

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness. 
 

To learn more about NJEDA resources for businesses call NJEDA Customer Care at 609-858-6767 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram and LinkedIn.  
   

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New website provides opportunity for input on new incentives package

TRENTON, N.J. (February 17, 2021) – The New Jersey Economic Development Authority (NJEDA) announced today that it has launched a website to provide information on the recently-signed 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.

Governor Phil Murphy signed the Economic Recovery Act into law on January 7, 2021 to 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, new construction, and revitalization of brownfields and historic properties; financial resources for small businesses; support for new supermarkets and healthy food retailers in food desert communities; new funding opportunities for early-stage companies in New Jersey; and support for the growing film and digital media industry.

“The New Jersey Economic Recovery Act of 2020 signed by Governor Murphy is critical legislation that creates valuable new tools for driving long-term, equitable economic growth. As we develop these important new programs, we will to do so with a commitment to transparency, equity, and faithful stewardship of taxpayer dollars at the center of this effort,” said NJEDA Chief Executive Officer Tim Sullivan. “We welcome all New Jerseyans to be part of this process by submitting constructive input on how to ensure new programs created through the Economic Recovery Act are structured and administered in a manner that drives opportunities for all residents and communities.”

The portal will allow any member of the public to provide input on how the Authority will operationalize various aspects of the new programs, such program eligibility requirements, net benefit and cost benefit analyses, and community benefit agreements. The site will also allow members of the public to share their thoughts on how NJEDA can make the programs more transparent. This process precedes and is separate from the NJEDA’s formal procedure to adopt short-term rules, which will be effective immediately as authorized under the Economic Recovery Act, and the procedure for long-term rules which will provide another opportunity for comment on rules and regulations for each new program in accordance with the Administrative Procedures Act.

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

About the New Jersey Economic Development Authority

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses call NJEDA Customer Care at 609-858-6767 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

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