(TRENTON) - An Assembly panel on Tuesday released legislation sponsored by Assembly Democrats Troy Singleton, Daniel Benson, Tim Eustace and Upendra J. Chivukula that would extend tax credits to stimulate investment in biotechnology businesses in the state.
"The biotechnology industry in New Jersey is growing, but lacks the needed private investment to support this growth," said Singleton (D-Burlington). "This bill will help incentivize investment, promote New Jersey as a biotechnology business location and encourage biotechnology business cluster development in New Jersey to push the state ahead of the competition."
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"That's state money and the speaker has never raised an objection to that, and now all of a sudden she objects to her own bill. She's objecting on a basis she hasn't objected before on the TAG Grant program. Let's face it everybody, this is just politics. It's election year and it's politics." - Gov. Chris Christie, on Speaker Sheila Oliver (D-34).- PolitickerNJ.com
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