As seen on: BINJE.comBy: Tom Bergeron
When it comes to public education, public safety and economic development, New Jersey’s cherished tradition of home rule always has led the way.
Is it time for that to change?
The recently introduced LAND
Corporate Real Estate Law
Focused on Commercial Real Estate Transactions Law
The Corporate Real Estate Law blog, published by Sills Cummis & Gross P.C., focuses on legal issues related to commercial and corporate real estate transactions and development. It covers topics such as urban and suburban redevelopment challenges, land use and zoning laws, public and private redevelopment incentives, tax credit programs for manufacturing and film industries, and regulatory changes affecting real estate projects. The blog also discusses state-level initiatives impacting real estate development, including legislation on vacant commercial properties and economic development incentives. It provides insights into the intersection of real estate law with economic policy, municipal governance, and industry-specific incentives in New Jersey.
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Latest from Corporate Real Estate Law
Breaking News: Powerful New Tax Credit Incentive for Manufacturers Investing & Creating Jobs in NJ
Gov. Phil Murphy today signed into law a bill establishing the “Next New Jersey” tax credit incentive program for manufacturing businesses creating at least 20 new full-time jobs and making a capital investment of at least $10 million at a…
NJ to Enact Program Incentivizing NY Businesses to Encourage Employees Living in NJ to Work…in NJ
NJ has long offered out-of-state companies financial incentives to relocate to the state. Now, the state has taken that effort a step further with a pilot program designed to incentivize out-of-state businesses to re-assign those employees who are NJ residents…
Gov. Murphy Signs Law Amending Incentives Program to Lure Film & Digital Media
Governor Murphy today signed into law amendments to the Garden State Film and Digital Media Jobs Act, P.L. 2018, c. 56 (the “Program”). Below is a summary of the key changes to the Program:…
Vacant Storefront Registry Program – Would It Really Help?
A bill on Governor Murphy’s desk for possible enactment into law would add yet another burden on commercial property owners. This time it’s an effort to create a public database of all vacant commercial space available in the state for
…
Governor Murphy Provides Much Needed Work From Home Relief to Grow NJ, UTHTC, BEIP, & BRAGG Recipients
Today Governor Murphy signed into law A4929/S3379, which extends the COVID waiver allowing employees to work from home 100% of the time in 2022 and 90% of the time in 2023 for the Grow NJ program, UTHTC Program, BEIP, and…
NJ Employers Forced to Choose Tax Breaks or Work From Home. How It Could Change Your Week
Check out this article from NorthJersey.com (subscription may be required): https://www.northjersey.com/story/news/2022/04/29/work-from-home-nj-return-to-office-requirement-tax-breaks/9538697002/
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…
Breaking News: Legislation Introduced to Extend & Amend Grow NJ Incentive
By Ted Zangari
The powerful chair of the Assembly Budget Committee, Eliana Pintor Marin, has introduced legislation to extend the Grow NJ employer incentive program currently set to expire next July. Trenton sources report that a companion bill will be introduced on the…