The new “NJ Aspire” incentive program, enacted last week by Gov. Murphy as part of the Economic Recovery Act of 2020, is intended to close project financing gaps in proposed redevelopment projects through the issuance of transferable/pledgeable state tax credits. The program replaces the Economic Redevelopment Growth (ERG) grant program that expired in June 2019.
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NJ Finally Has a Replacement Business Incentive Program
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Appellate Division Rules Contributions into Municipal Affordable Housing Trust Funds Adopted Pursuant to N.J.S.A. 40A:12A-4.1 Are Valid, Statewide Non-Residential Development Fee Not a Substitute
Tax Abatements: Friend or Foe?
Municipal Ordinances Requiring Developers to Enter Into Project Labor Agreements as Condition of Tax Exemption May Be in Jeopardy
NEW ARTICLE: New Jersey’s Version of Tax Increment Financing – Known As “ERGG” – Successfully Closing Construction Financing Gaps on Projects across the State
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