“Finding the sweet spot – Grow NJ and ERG Grant incentives are fundamentally about bringing investment and jobs to the right location”

If you want to get the best value from the new Economic Opportunity Act of 2013, you will most likely be successful if your business objectives are aligned with the often location driven public purposes that the Legislature sought to achieve with these new incentive tools. Owners or Tenants buying, developing and/or rehabilitating facilities, with businesses that bring jobs and investments to certain locations where the State seeks to attract them, can get considerably more assistance from Grow NJ credits than if those same users brought the same jobs to other Grow NJ eligible locations where the amount of the tax credits may not make the application process as worthwhile. Similarly the Legislature sought to incent developers to build in redevelopment plan areas by providing that applications can only be made for an Economic Redevelopment & Growth (ERG) Grant for a redevelopment project.

Before deciding where Grow NJ and ERG work best, it is important to determine whether you can meet a few key requirements for these incentive programs or you may wind up wasting time shopping for the right location.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Wilentz, Goldman & Spitzer P.A. | Attorney Advertising

Written by:


Wilentz, Goldman & Spitzer P.A. on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.