Archive for Tag: economic development

Committee clears Bergen bill encouraging investments in medical marijuana dispensaries owned by minorities, disabled veterans

TRENTON, N.J. – The Assembly Health Committee moved a measure sponsored by Assemblyman Brian Bergen that would promote economic growth by encouraging investments in medical marijuana dispensaries owned by minorities, women and disabled veterans. “It is going to be so important to our state’s economic recovery to encourage investments...

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Assembly advances Webber bill stopping state subsidies to companies in default

TRENTON, N.J. – The Assembly voted to advance Assemblyman Jay Webber’s bill (A492) creating a standard definition of default across all loan programs to prevent the state from awarding additional subsidies to companies with a history of failing to pay. Current law prohibits the state from awarding a new subsidy...

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Committee clears Webber bill stopping subsidies to companies in default

TRENTON, N.J. – A bill sponsored by Assemblyman Jay Webber that would prevent companies in default from receiving additional state subsidies cleared the Assembly Commerce and Economic Development Committee today. Current law prohibits the state’s awarding a new subsidy when a company is in “default” on a prior subsidy loan. But...

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