New Jersey Economic Recovery Act of 2020
Governor Phil Murphy signed the New Jersey Economic Recovery Act of 2020 (ERA) into law on January 7th, 2021. The ERA creates a package of programs that includes tax credits to incentivize job creation, new construction, and revitalization of brownfields and historic properties; financial resources for small businesses; support for new supermarkets and healthy food retailers in food desert communities; new funding opportunities for early-stage companies in New Jersey; and support for the growing film and digital media industry.
The New Jersey Economic Development Authority (NJEDA) is asking businesses for feedback to inform the design of these programs. Share your feedback, and improve the structure of these state-led business programs at https://www.njeda.com/economicrecoveryact.
Upcoming Listening Sessions
The NJEDA is hosting Listening Sessions for Public Input on the ERA programs as draft rules become available. Check back to see when NJEDA has their next listening session.