Economic Growth is Encouraged and Nurtured by Choose New Jersey, Inc.
EDANJ members received a terrific update on November 15, 2013 on New Jersey’s award winning economic development model and Choose New Jersey Inc.’s role in attracting and retaining economic growth in the Garden State. Michael Henderson, Research Manager for the independently funded and operated 501 ( c ) (3) nonprofit organization introduced the breakfast attendees to Choose New Jersey’s mission to generate jobs and investment. Partnering with the state’s Economic Development Authority, the Business Action Center, and the Department of Higher Education, Choose New Jersey generates awareness, conversations and jobs and investments in New Jersey’s economy. EDANJ members were very impressed with Choose New Jersey’s new property finder database. Mr. Henderson’s presentation on all of the incentives and bonuses offered by the New Jersey Economic Opportunity Act of 2013 was extremely clear and concise and very helpful to all attendees. The distinction between the Grow NJ tax credit and the Economic Redevelopment and Growth (ERG) incentives was discussed, as were eligible areas, capital investment and employment requirements, tax credit amounts and bonus awards, additional bonuses for Camden, NJ projects, and qualifications for residential projects.
EDANJ members who were unable to attend the November 15th breakfast meeting and who sign up now to attend EDANJ’s December 13, 2013 Holiday Lunch and Awards Ceremony at the Palace at Somerset can request a copy of Mr. Henderson’s presentation by contacting firstname.lastname@example.org right after registering for the Holiday meeting. Let us know if you would prefer an electronic copy or a hard copy.