Coutinho Unveils Sweeping Economic Development Incentive Reform Legislation

Coutinho Unveils Sweeping Economic Development Incentive Reform Legislation Measure Designed to Create Jobs & Spark Economic Development

(TRENTON) – Assembly Commerce and Economic Development Chairman Albert Coutinho on Tuesday announced he’s introduced legislation to boost New Jersey’s job creation efforts by revamping and streamlining the state’s economic development tax incentives.

The sweeping bill (A-3680) would merge five state tax-incentive programs into two, with one focused on job creation and the other on economic development.

“Our tax incentive programs have been invaluable to our state’s economic development planning, but – with five programs with varying goals – we clearly need to streamline these programs and make it easier for businesses to understand and take advantage of them,” said Coutinho (D-Essex). “We want businesses to bring new jobs to New Jersey and preserve the ones they already provide…”

To read more, please visit the New Jersey General Assembly Democratic Office Web site.

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