global economic crisis

QUIJANO BILL SEEKING TO HELP RESIDENTS PAY HOME HEATING BILLS ADVANCES

(TRENTON) –Legislation Assemblywoman Annette Quijano is sponsoring to push the federal government to allow more low-income households to receive help paying home heating costs was released today by an Assembly committee.

VAS TO HOST CONFERENCE ON FURTHER STIMULATING NEW JERSEY’S ECONOMY

(TRENTON) – Assembly Commerce and Economic Development Committee Chairman Joseph Vas today announced he will host a conference focusing on how best to further stimulate New Jersey’s economy amid the global financial meltdown.

“This conference will provide information and discussions on an array of topics ranging from various state economic incentive programs to how local leaders and investors can take advantage of programs to help jumpstart their local economies,” Vas said.

VAS: EXTENDING BUSINESS INCENTIVES WILL HELP PROTECT NEW JERSEY’S ECONOMIC ENGINE

(TRENTON) – Assembly Commerce and Economic Development Committee Chairman Joseph Vas today praised Governor Jon S. Corzine’s call to make changes to New Jersey’s corporation business tax (CBT) structure.

Vas (D-Middlesex) is sponsoring several pieces of legislation that would make New Jersey’s CBT structure more business-friendly.

ALBANO/MILAM: FOCUS ON KEEPING BUSINESSES IN NEW JERSEY ‘RIGHT ON THE MONEY’

(TRENTON) –Assembly members Nelson T. Albano and Matthew W. Milam today hailed the governor’s call for increased business retention efforts as “right on the money.”

Albano and Milam (both D-Cumberland/Atlantic/Cape May) are sponsoring legislation (A-3294) to enhance the state’s “Business Retention and Relocation Assistance Act” (BRRAG) grant program, allowing more small and mid-size businesses to take advantage of the program and continue operating in New Jersey.

WATSON COLEMAN: FORECLOSURE PREVENTION MUST REMAIN A TOP PRIORITY

(TRENTON) – Assembly Majority Leader Bonnie Watson Coleman today welcomed Governor Jon S. Corzine’s willingness to reduce the rate of foreclosure in the state, as expressed during his address to a special joint session of the Legislature on the economic crisis facing the nation and the State of New Jersey.

Watson Coleman (D-Mercer) is sponsoring legislation (A-3293) to exempt from reality transfer fees nonprofit organizations partnering with banks to help keep struggling homeowners from losing their homes.

ROBERTS: ASSEMBLY STANDS READY TO QUICKLY ADVANCE PLANS TO HELP NEW JERSEY STAY STRONG

(TRENTON) -- Assembly Speaker Joseph J. Roberts, Jr. today commended Gov. Jon S. Corzine’s speech detailing how the state can emerge stronger from the global economic crisis and said the Assembly is already ready to swiftly approve initiatives.

Roberts released the following statement:

“The governor has presented a sweeping, first-rate plan that adds momentum to our efforts to boost small businesses, promote jobs, prevent foreclosures and ensure the poor and elderly can keep their homes warm this winter. “This has been a trying time, but I’m pleased the Assembly’s ongoing focus means we’re already positioned to swiftly help hard-working New Jerseyans and the small businesses that employ them get their hands around this challenge and emerge stronger.”

GREENWALD: BUSINESS TAX CHANGE ESPECIALLY NEEDED TO HELP START-UP TECHNOLOGY COMPANIES

Assemblyman Pushing for Revamped Biz Taxes

TOP ASSEMBLY LEADER: NEW JERSEY MUST MAKE IT EASIER FOR NONPROFITS TO HELP STRUGGLING FAMILIES STAY IN THEIR HOMES

TOUTS MEASURE TO EXEMPT FROM STATE FEES NONPROFITS WHO RESCUE HOMEOWNERS FROM FORECLOSURES

(TRENTON) - Assembly Majority Leader Bonnie Watson Coleman today said the state - as it looks to help residents emerge strong from the global economic crisis - must make it easier for nonprofits to rescue homeowners facing foreclosure.

"An increasing number of foreclosures nationwide continue to rip apart our communities, and New Jersey is no exception," Watson Coleman said. "We need to remove any obstacle that stands in the way of keeping families in their homes and letting them fulfill that American dream."

ALBANO/MILAM VOW HARD PUSH TO ENHANCE STATE BUSINESS INCENTIVES AND ENSURE JOBS FOR HARD-WORKING NEW JERSEYANS

(1st Legislative District) – Assemblymen Nelson Albano and Matt Milam (both D-Cumberland/Atlantic/Cape May) today said the ongoing global economic crisis re-emphasizes the need to enhance state programs to help New Jersey keep and attract the businesses that employ hard-working residents.

Albano and Milam vowed to push hard in the coming weeks to get lawmakers and the governor to approve legislation they’re sponsoring that would boost incentives in a state business retention and relocation program.

They said efforts to keep businesses and lure businesses to New Jersey have long fallen short and must be improved, especially amid the ongoing global economic crisis that has left many lower- and middle-income New Jerseyans worried about their futures.

VAS SAYS GLOBAL MELTDOWN MEANS STATE MUST REVAMP SMALL BUSINESS TAXES AND ENHANCE GRANTS AND INCENTIVES

Proposed Legislation Aims to Further Democratic Efforts to Boost New Jersey Economy

(PERTH AMBOY) – Assembly Commerce and Economic Development Chairman Joseph Vas today said the global economic meltdown means the state must pass a sweeping package to promote new jobs and retain existing ones by revamping small business taxes and enhancing business grants and incentives.

Vas said aggressive steps are needed to ensure state businesses and the workers they employ successfully weather the economic crisis.

“We need decisive action to keep New Jerseyans gainfully employed and continue making the state a great place to do business,” Vas said. “So much attention is paid to luring new jobs to the state, but now more than ever our effort must focus both on attracting new jobs and retaining existing ones.”