PolitickerNJ Wire Feed
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:
NJ Assembly Republicans on Facebook
NJ Assembly Republicans on Twitter
Days after Jersey City Mayor (and 2017 gubernatorial hopeful) Steve Fulop declared his support and fundraising devotion to South Jersey Congressional candidate Bill Hughes, Senate President Steve Sweeney (D-3) see-sawed onto Fulop's turf with his own "I can find pockets of love in every part of this state including JC" statement.Read More >
Fulop endorses Smith in Bayonne mayoral raceBAYONNE - Jersey City Mayor Steve Fulop parachuted into the Bayonne mayoral race on Thursday night by endorsing incumbent Mayor Mark Smith."It is a pleasure to be with you here, Mark," said Fulop to a crowd of more than 125 supporters at a...
By ASLON GOOW, SR. I have spent the past three decades raising a family, building a business, and working to improve our Paterson communities. I am proud of those accomplishments. In 2002, I spoke at an expungement... Read More >
"This is my first Mark Smith event. There have been a lot of changes in Hudson County over the last year and a half, and the most important change that has happened is that there really is unity. For the first time, we really are working together. Despite political differences. Mark and I have worked very hard to repair that. I'm really happy to be here in support of him, because I recognize that when you work together, politics becomes secondary and you really have time to focus on government, which is the most important thing." - Jersey City Mayor Steven Fulop- PolitickerNJ.com
Press releases are submitted by PolitickerNJ users, not by staff. They do not represent the viewpoint of PolitickerNJ.com.