The new “NJ Aspire” incentive program, enacted last week by Gov. Murphy as part of the Economic Recovery Act of 2020, is intended to close project financing gaps in proposed redevelopment projects through the issuance of transferable/pledgeable state tax credits.
Sills Cummis & Gross P.C.
Sills Cummis & Gross P.C. is a regional law firm based in New Jersey that provides legal services across multiple practice areas. The firm frequently publishes content related to real estate development, environmental law, state and local incentives, land use, and economic development. Their publications often address regulatory changes, redevelopment challenges, tax credit incentives, and litigation matters affecting businesses and municipalities. The firm also covers topics such as transit-oriented development, brownfield redevelopment, and community benefits in urban planning. Sills Cummis & Gross serves clients involved in commercial real estate, environmental remediation, and public policy, offering insights into legal and regulatory frameworks impacting these sectors.
Website:
https://sillscummis.com
Latest from Sills Cummis & Gross P.C. - Page 9
NJ Finally Has a Replacement Business Incentive Program
New Jersey has been without a public financial incentive to attract and retain businesses since June 2019 when the GrowNJ program expired. Earlier this week, Gov. Murphy signed into law the Economic Recovery Act of 2020 which includes a replacement…
Attention Corporate Site Selectors: NJ Finally Has a Replacement Business Attraction/Retention Incentive Program
New Jersey has been without a public financial incentive to attract and retain businesses since June 2019 when the GrowNJ program expired. Earlier this week, Gov. Murphy signed into law the Economic Recovery Act of 2020 which includes a replacement…
Newly Enacted Incentives Legislation Includes Important Amendments Giving Relief to Grow NJ Tax Credit Recipients
Relief Requires Time-Sensitive Action on the Part of Businesses
You may have read that the recently enacted New Jersey Economic Recovery Act of 2020 will create a successor business attraction and retention incentive program to Grow NJ to be known…
Newly Enacted Incentives Legislation Includes Important Amendments Giving Relief to Grow NJ Tax Credit Recipients
Relief Requires Time-Sensitive Action on the Part of Businesses
You may have read that the recently enacted New Jersey Economic Recovery Act of 2020 will create a successor business attraction and retention incentive program to Grow NJ to be known…
New Jersey Economic Development Authority — News Release: NJEDA Board Approves Brownfields Loan Program
NJEDA Board Approves Brownfields Loan Program
Contact: New Jersey Economic Development Authority
media@njeda.com
TRENTON, N.J. (November 13, 2020) – The New Jersey Economic Development Authority (NJEDA) Board of Directors today approved the creation of the Brownfields Loan Program. This program will…
New Jersey Extends Numerous Permits and Approvals Under the Permit Extension Act of 2020; Mandatory Registration Required by October 8th
On September 8, 2020, the NJ Department of Environmental Protection (“DEP”) issued a Public Notice pursuant to the New Jersey Permit Extension Act of 2020, P.L. 2020, c. 53 (the “Act”), which extended the term of numerous government permits and…
Governor Murphy Signs Permit Extension Act of 2020 Into Law
Governor Murphy signed the Permit Extension Act of 2020 (the “Act”) into law, automatically suspending the running of the period of eligible permits and approvals during the “COVID-19 Extension Period.” The COVID-19 Extension Period is defined as the time period…
Tiny Homes – A Creative Solution for Affordable Housing and Homelessness
Good things often come in small packages, and one of those may be a simple solution to New Jersey’s well-documented shortage of affordable housing: tiny homes. A tiny home is a single family home with a floor area of 400…
The Revenge of the Parking Lot
By Ted Zangari
It’s true: COVID-19 has breathed new life into parking lots. As Neal Freyman of Morning Brew has observed:
- Churches, synagogues, and other places of worship have been holding radio broadcasted services in their parking lots.
- DJs in Germany have been
…