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Legislation to Spur Economic Growth Held in Assemb..

A-3680 – “The New Jersey Economic Opportunity Act of 2013” was held in the Assembly Budget Committee yesterday without a vote.  The bill’s sponsor, Assemblyman Albert Coutinho, testified about the need to resolve outstanding issues with the legislation prior to the Committee taking a vote.  The legislation, which is intended to provide financial incentives for expansion and conversion of certain redevelopment projects, will likely come up for a vote at an upcoming meeting.  In the same hearing, NJ’s State Treasurer, Andrew Sidamon-Eristoff, provided the Committee with an update on the latest revenue projections.  Budget hearings will dominate the Trenton agenda in the weeks and months ahead.

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    The mission of Commerce and Industry Association is to be the leader in free enterprise advocacy for the purpose of fostering, through education, legislative vigilance and membership interaction, an economic climate that enhances business potential and makes New Jersey a better state in which to live, work and conduct business.

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