(TRENTON) – Assembly Commerce and Economic Development Chairman
Albert Coutinho (D-Essex) released the following statement after the Assembly
voted 68-5 to approve The New Jersey Economic Opportunity Act of 2013.
Coutinho is lead sponsor of the bill (A-3680):
“Our tax incentive programs have been invaluable to our
state’s economic development planning, but with five programs with varying goals
we clearly needed to streamline these programs and make it easier for businesses
to understand and take advantage of them.
“We want businesses to bring new jobs to New Jersey and
preserve the ones they already provide. This merger of five incentive programs
into two will enhance the ability of the state to attract and retain businesses
to further the overarching goal of creating and retaining
jobs.
“Under this bill, we will see economic growth in areas that
have not seen economic growth in decades. With changes to this bill, we will
continue to protect our environment. In the end, we will be doing the right
thing for New Jersey’s economy and for job creation, and I look forward to
seeing the benefits for years to come.”
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