PolitickerNJ Wire Feed

By ARep | December 6th, 2012 - 4:05pm
| More

BRAMNICK-BUCCO LAUD SUCCESS OF BRRAG PRGRAM

Assembly Republican Leader Jon Bramnick and Deputy Republican Leader Anthony M. Bucco said the recent report issued by the state’s Economic Development Authority on the success of the Business Retention and Relocation Assistance Grant Program (BRRAG) is proof that the Legislature can work together on creating and retaining jobs in New Jersey.

Bramnick and Bucco were primary sponsors of the BRRAG legislation (S-2370/A-3389) that was unanimously approved by the Legislature and signed into law by Governor Christie in January, 2011.

“By working in bipartisan way, New Jersey was able to retain over 8,000 jobs and spur $389 million in capital investment from the private sector,” said Bramnick, R-Union, Morris and Somerset. “Government is most effective when everyone is included in the process and committed to the same goal. One of our top priorities is creating and retaining jobs in the state. The BRRAG legislation shows that when politics is put aside, the Legislature can get the results that taxpayers deserve.”

The BRRAG Program is a grant of corporation business tax credits to businesses to assist them in retaining jobs and developing projects within the state. The purpose of the program is to encourage economic development, preserve existing jobs, and stimulate capital investment in New Jersey.

“The number of jobs retained and the capital invested by companies fully demonstrate the success of the BRRAG program,” said Bucco, R-Morris and Somerset. “The cross-section of companies across the state who participated in the Fiscal Year ’12 program indicates that businesses are aware that New Jersey wants them and is ready to discuss how to work together to make that happen. It is one thing to have a retention program in place, but the fact that it is working speaks to the commitment by Governor Christie and his administration to keep jobs in our state and improve our economy.”

The BRAGG program provides a maximum tax credit of $2,250 per year for each job retained in the state, for up to six years.

Assembly Speaker Sheila Oliver and Assemblyman Albert Coutinho, were also primary sponsors of the BRRAG legislation.

####

On the Net:
www.NJAssemblyRepublicans.com
NJ Assembly Republicans on Facebook
NJ Assembly Republicans on Twitter

The Back Room

Stung in NY, Astorino says Christie should think about stepping down as RGA chair

Dissed by Gov. Chris Christie, New York Republican Gubernatorial candidate Rob Astorino said Christie should consider stepping down from his post as chairman of the Republican Governors Assocation.

Read More >

Wake-Up Call

Morning Digest: July 22nd

  Union County Sheriff Ralph Froehlich has died Union County today mourns the loss of the longest-serving sheriff in New Jersey history, who died last night at the age of 83. (Editor/PolitickerNJ) http://www.politickernj.com/77506/union-county-sheriff-ralph-froehlich-has-died     Cryan serving as acting Union County sheriff, poised to run in November ...

Op-Ed

Legislation needed to restore balance in election financing

By JEFF BRINDLE Much has been written about the magnitude of campaign spending by independent special interest groups.  But until now, there has been little discussion about the impact. During the 2012 Presidential and Congressional contests,... Read More >

Contributors

The Perry-Paul Debate is Healthy for the GOP – and for America  The foreign policy debate in the media between prospective GOP Presidential candidates Texas Governor Rick Perry and... more »
(7-16-14) Casinos in Jersey City, Not Sports Betting - Just as the US. Supreme Court was saying no to sports betting in New Jersey, a former Reebok chief executive... more »
(Washington DC)-- Two recent votes on Capitol Hill suggest an overdue and radical departure from our nation's Draconian and costly War on Drugs.  It's a long-overdue discussion (and not just... more »
New Jersey 2014 Primary Day Recap (6/4/14) - By the numbers. Worth the read for those interested in GOTV targeting and ballot position logistics.... more »

Quote of the Day

quote of the day

"As soon as you step into the lake on foot or in a boat, you're in the state's domain. I feel bad for the snake, and I hope it gets rescued before it dies when it gets cold. It didn't mean to get let out there. This snake should be one thing we can get together on and not worry about party affiliation. Unless the snake's a Democrat." - Republican Mount Arlington Mayor Arthur Ondish

- PolitickerNJ

Poll

Do you think Gov. Chris Christie's RGA travels benefit New Jersey?:

Blogroll

Visit the PolitickerNJ.com/resources page for links to the best collection of information on New Jersey state government.

 

  • Polls
  • The best blogs
  • Columnists
  • State election results
  • Assembly election results
  • Local party websites
  • And more.

PolitickerNJ.com/resources