Archive for Tag: Economic Development Authority

Businesses could benefit from more time to file sales tax returns says Dancer

TRENTON, N.J. – As non-essential businesses around the state remain shuttered and other businesses operate within limitations due to the coronavirus pandemic, Assemblyman Ron Dancer introduced a bill giving them an extension on filing their sales tax returns and remitting payment to the state. “Businesses that are able to...

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DePhillips and DeCroce bill generating efficiencies and cost-savings through public-private partnerships goes to governor

TRENTON, N.J. – Today the Assembly and Senate passed a bill (A4535/S2958) permitting public-private partnerships for energy-related projects creating an opportunity for more savings and freeing up public funds say sponsors Assemblyman Christopher DePhillips and Assemblywoman BettyLou DeCroce. The bill now goes to the governor’s desk.  “Everyone will see...

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Committee advances DePhillips and DeCroce bill generating efficiencies and cost-savings through public-private partnerships

TRENTON, N.J. – A measure (A4535) permitting public-private partnerships for energy-related projects cleared the Assembly Appropriations Committee today creating an opportunity for more savings and freeing up public funds say sponsors Assemblyman Christopher DePhillips and Assemblywoman BettyLou DeCroce.  “Everyone will see savings as a result of this legislation,” said...

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Committee clears Dancer bill creating a loan program and tax credits for new vineyards and wineries in five counties

TRENTON, N.J. – The Assembly Appropriations Committee approved a bill (A544), sponsored by Assemblyman Ron Dancer, that will establish a loan program and provide tax credits for new vineyards and wineries in Atlantic, Cape May, Cumberland, Monmouth and Ocean counties. “New Jersey’s wine industry is very valuable. It not...

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Dunn questions Murphy EDA appointments

RANDOLPH, N.J. – Assemblywoman Aura Dunn was disappointed after learning at least one of Gov. Phil Murphy’s picks to lead the Economic Development Authority is another Democratic political activist with ties to Lizette Delgado-Polanco. She questioned whether the new appointee is just another old political friend. “I was excited...

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DiMaio: Let’s talk tax cuts, not incentives

TRENTON, N.J. – The Select Senate Committee on Economic Growth Strategies held a hearing yesterday with a panel of national experts who were largely critical of the Economic Development Authority’s controversial tax incentive program. Assemblyman John DiMaio, the Republican budget officer, echoed the experts’ sentiments that there are better...

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Peters announces sweeping EDA reforms

LUMBERTON, N.J. – Assemblyman Ryan Peters announced a package of reforms to protect taxpayers from fraud and prevent backroom deals at the Economic Development Authority. “Recently, we’ve witnessed the unearthing of hidden influence and rampant abuse within the Economic Development Authority and how it doles out billions of dollars...

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Law establishes small business loan program for farmers

TRENTON, N.J. – Gov. Phil Murphy signed legislation today establishing a small business loan program for farming equipment purchases and dairy farm operations. The program will be administered by the Economic Development Authority. Sponsored by Assemblymen Hal Wirths and Ron Dancer, the bill (A5595) allows two or more farming...

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Republican leaders call for legislative hearings on business incentive programs

TRENTON, N.J. – In an effort to examine the impact of the Economic Development Authority’s business incentive programs, Sen. Thomas H. Kean Jr. and Assemblyman Jon M. Bramnick are requesting legislative hearings by a bipartisan committee. “We truly believe that there has been over the years a well-intentioned and...

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Move SDA to Treasury’s Division of Property Management and Construction says Republican lawmaker

TRENTON, N.J. – A new proposal by Assemblywoman BettyLou DeCroce would eliminate the Schools Development Authority and transfer its responsibilities to the Department of Treasury’s Division of Property Management & Construction. “We have an existing branch of state government that can effectively perform the duties of the SDA with...

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