TRENTON – The Assembly Budget Committee postponed the “New Jersey Economic Opportunity Act of 2013” hearing Thursday that was originally scheduled to be held following the budget hearings.
A3680, which moved quickly from introduction in January through amendments in the Commerce Committee a little over two weeks ago, would expand economic development incentive programs: The Grow N.J. Assistance Program and the Economic Redevelopment and Growth Grant program.
Among those in support of the Act is N.J. Business and Industry Association First Vice President David Brogan.
“The competition for private-sector jobs has never been more fierce,” Brogan said in prepared remarks in anticipation earlier of the hearing being held, “and it’s a competition that New Jersey must win. This program will help us by matching or surpassing the job-creation incentives being offered by neighboring states and those across the nation.”
Work on the bill continues.