Tag: Economic Development Authority

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New Bill Looks to Spur Research and Investment in New Jersey

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Assemblyman DePhillips moves to make New Jersey America’s innovation leader

the staff of the Ridgewood blog

Trenton NJ,  New Jersey’s corporate business tax has led to an exodus of investment in the state once called the nation’s medicine chest. New Jersey is fifth out of seven states in the region for innovation, according to an NJBIA study, and experienced the largest loss of undergraduate students by more than 21,000.

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Bill to reimburse restaurant owners for ‘Murphy almost opening’ to be introduced Thursday

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the staff of the Ridgewood blog

Ridgewood NJ,   Bipartisan legislation, sponsored by Assembly Republican Leader Jon Bramnick and Senate President Steve Sweeney, to reimburse restaurants that had spent money on supplies in preparation for indoor dining’s return will be officially introduced in the Assembly and Senate Thursday.

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GOP Assemblyman calls for tax holiday during COVID-19 state of emergency

Assemblyman Brian Berge

the staff of the Ridgewood blog

Trenton NJ,  While businesses and employees lose income from a drop in consumer spending and widespread closures, Assemblyman Brian Bergen is calling for a state tax holiday to keep businesses and people financially afloat.“The best way to help residents and businesses is to let them keep the money they have,” said Bergen (R-Morris). “Revenues are strong for the state right now. Government can afford a loss of income more than our constituents, and those are the people we swore oaths to represent and protect to the best of our abilities.”

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