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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

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The new law builds on Christie’s commitment to revitalizing New Jersey’s cities. It places extra emphasis on spurring development and private-sector job growth in new Garden State Growth Zones (GSGZ) identified in the legislation as the four lowest median family income cities in the state: Camden, Trenton, Passaic and Paterson.

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Giving and Getting

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After a big deal is inked, ground is broken, a gleaming tower is built and, as new job holders queue up to buy their morning coffee, the overall impact of the project on a state’s balance sheet is buried in the minutiae of a footnote in an annual state budget report read only by the green-eyeshade types who wrote it.

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SPECIAL REPORT: Steadfast And Strong In The Wake Of Superstorm Sandy

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Nearly 50 fatalities were reported in New York in the days after the storm; the death toll in New Jersey did not exceed 40 thanks to heroic efforts by NJ Gov. The $25-million campaign also would encourage New Jerseyans and tourists to shop local. President Obama joins Gov. Kim Guadagno.

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State by State Incentives Guide

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Enterprise Zone Credit or Exemption: The Alabama Enterprise Zone Act (Act. The program provides state and local tax incentives and non-tax incentives to businesses and industries located within Alabama’s Enterprise Zones. Must expand its labor force, make new capital investment, or prevent loss of employment.

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STATE INCENTIVES GUIDE

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ENTERPRISE ZONE CREDIT: To stimulate growth in depressed areas of the state, Alabama offers certain tax credit incentives to business that locate or expand within a designated enterprise zone. ENTERPRISE ZONES: Businesses located within the boundaries of an EZ are eligible for tax credits. LAMBRA zones are a companion to EZs.

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Feature Story: 2016 Economic Development Awards

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Two unique state programs are the winners of our Achievement in Public-Private Partnership awards: The Pennsylvania Department of Transportation (PennDOT) , for its Rapid Bridge Replacement Project; and the New Jersey Economic Development Authority for the Edison Innovation Fund. NJEDA previously invested in four Edison Partners funds.

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