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

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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. The new law builds on Christie’s commitment to revitalizing New Jersey’s cities.

Zoning 47
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Bootstraps for Building

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Founded in 1762 by William Allen, a wealthy shipping merchant and former mayor of Philadelphia, it’s the place where patriots hid the Liberty Bell from the British during the Revolutionary War. NIZ allows developers to use designated tax revenues to pay off bonds and loans issued for capital improvements in the specified zone.

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Pennsylvania Incentives and Workforce Development Guide

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These areas are defined as counties outside of the Philadelphia MSA and those with populations below 1 million. Pennsylvania Community Development Bank Loan Program (PCD Bank): (newpa.com/pcdbank) Debt financing for Community Development Financial Institutions (CDFIs). Zones provide specific state and local tax benefits.

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Cover Story: Global Biotech Report

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Another Bio-incubator is called Eurobiotec Brussels and sits in the Erasmus Industrial Zone in the capital. Corbett recently announced that Spark Therapeutics will expand operations at a new building at the University City Science Center, creating new high-wage jobs in Philadelphia.

Georgia 68