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Coutinho Unveils Sweeping Economic Development Incentive Reform Legislation Measure Designed to Create Jobs & Spark Economic Development
(TRENTON) – Assembly Commerce and Economic Development Chairman Albert Coutinho on Tuesday announced he’s introduced legislation to boost New Jersey’s job creation efforts by revamping and streamlining the state’s economic development tax incentives.
The sweeping bill (A-3680) would merge five state tax-incentive programs into two, with one focused on job creation and the other on economic development.
“Our tax incentive programs have been invaluable to our state’s economic development planning, but - with five programs with varying goals - we clearly need to streamline these programs and make it easier for businesses to understand and take advantage of them,” said Coutinho (D-Essex). “We want businesses to bring new jobs to New Jersey and preserve the ones they already provide..."
To read more, please visit the New Jersey General Assembly Democratic Office Web site.
In the event that state Sen. Diane Allen (R-7) doesn't run for re-election in 2017, the party has a short list of possible candidates it could field to try to head off either Assemblyman Herb Conaway (D-7) or Assemblyman Troy Singleton (D-7).Read More >
With looming deadline on bail reform, Christie calls Legislature into special session TRENTON - Gov. Chris Christie is calling the legislature into special session Thursday to address recent bail reform legislation before a looming deadline next week, according to a letter from the governor’s office today. (Brush/PolitickerNJ)...
By Linda Stender At his most recent town hall, Gov. Chris Christie accused his predecessors of "monkeying with the math" when it comes to their handling of our state's economy. But as the old saying goes, when the governor points a finger, he... Read More >
"Assembly Speaker Vincent Prieto, a Hudson County Democrat, is balking. He claimed Tuesday that members of his caucus are divided over the measure and that his house is in no real rush – besides, even if enacted this year, the reforms would not take effect until 2017, he said. And with the growing belief that Christie could skip town to run for president, some Democrats are not eager to give him another talking point for his résumé. Christie’s plans to stump for Republican candidates in New Hampshire later Thursday only fuel that suspicion." - columnist Charles Stile- The Bergen Record
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