ECONOMIC OPPORTUNITY ACT OF 2013, LANDMARK LAW REVAMPING STATE’S LARGEST BUSINESS INCENTIVES

Business Development Update

Business Development Update

new eda logo

The New Jersey Economic Opportunity Act of 2013 was signed into law on September 18, 2013. The Act streamlines New Jersey’s five existing economic development incentive programs into two; the Grow New Jersey Assistance (Grow NJ) Program will be the State’s main job creation and retention incentive program and the Economic Redevelopment and Growth (ERG) program will be New Jersey’s key developer incentive program. The EDA is no longer accepting applications for assistance under the Business Employment Incentive Program (BEIP), Business Retention and Relocation Assistance Grant (BRRAG) Program and Urban Transit Hub Tax Credit (UTHTC) Programs; applications that have been submitted prior to the enactment of the new law will be processed by December 31, 2013.

Click here for a summary of the Act.

To view the Act, click here.

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About Dr. Stephanie D. Burroughs

Dr. Stephanie D. Burroughs is an inspirational speaker, trainer, author and business navigator. Dr. Burroughs ignites the confidence, clarity and competency in minority, women, small and veteran business owners while helping to navigate them through the complexities of government and public procurement programs. Her audience is inspired, impacted and informed of PRECISELY what is required to achieve their goals. Dr. Stephanie D. Burroughs has been a minority, women, small and veteran business advocate and supplier diversity advocate for more than 35 years. Her candid real-world advice, inspiring, humorous and thought-provoking stories leave a lasting mental and emotional take action now impact.
This entry was posted in Business Development, In the News, National Association Women Business Owners - CJ, National Women Business Council, NAWBO-CJ, Small Business, Training/Presentations, Uncategorized, Women Business Enterprises, Women Business Owners, Women Professionals, Women's Empowerment and tagged , , , , , , , , , , , , , , , , . Bookmark the permalink.

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