Blowing Back: New Bill Seeks to Cut ALL State Funding for Offshore Wind, Setting Up Showdown with Governor-Elect Mikie Sherrill
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the staff of the Ridgewood blog
Atlantic City NJ, in a dramatic legislative move, a group of Republican lawmakers in Trenton has introduced a bill aimed at completely halting state financial support for New Jersey’s controversial offshore wind energy initiative. This effort directly challenges the clean energy goals championed by the current administration and supported by Governor-elect Mikie Sherrill.
Trenton NJ, Assemblyman Christopher P. DePhillips (40-R) is close to successfully increasing the angel investor tax credit once again after doubling it in 2019. His bill incentivizing financial support for technology startups passed both the full Assembly and Senate on Monday, sending it to the governor’s desk for a signature.
Fair Lawn NJ, the once-overgrown non descript landscape around Fair Lawn’s Broadway train station has been transformed into a vibrant, welcoming space with blooming flowers, lush shrubs, and eye-catching murals, as part of an ongoing effort to revitalize the Broadway business district. This beautification, led by Fair Lawn Main Street Inc. and supported by NJ Transit, marks a significant step in making Fair Lawn more inviting for both residents and visitors alike.
Bayonne NJ, the New Jersey Economic Development Authority (NJEDA) Board today approved tax credits under the Aspire Program for 1888 Studios in Bayonne. The studio, developed by Togus Urban Renewal, will be the largest and first campus-style film and television studio facility in the Northeast, and will occupy 58 acres of land just minutes from New York City.
Trenton NJ, five separate projects within New Jersey’s film and television industry have received approval for public grants, announced state officials on Wednesday. Additionally, a potential film studio in North Jersey near Thomas Edison National Historical Park in West Orange is in the works.
Ridgewood NJ, New Jersey’s local film and television industry has expanded with the addition of several new municipalities and counties designated as Film Ready Communities. The New Jersey Motion Picture and Television Commission, under the New Jersey Economic Development Authority, revealed that 14 municipalities and four counties have successfully completed the Film Ready New Jersey Program.
Trenton NJ, building upon New Jersey’s legacy of leading the next frontiers of discovery and innovation, Governor Phil Murphy established an Artificial Intelligence Task Force charged with studying emerging artificial intelligence (AI) technologies. The Task Force will be responsible for analyzing the potential impacts of AI on society as well as preparing recommendations to identify government actions encouraging the ethical use of AI technologies.
Trenton NJ, Governor Phil Murphy and the New Jersey Motion Picture and Television Commission announced today that overall in-state production spending from filmmaking exceeded $650 million dollars in 2022, besting the previous record of $500 million set for 2021. The announcement came at the outset of a series of meetings in California between Governor Murphy and the film, TV, and technology industries.
Westwood NJ, Film and television production in New Jersey shattered all previous records in 2021, with the industry spending more than a half of a billion dollars in the state and creating more than 5,500 jobs.
The annual report released by the state’s Film and Television Commission this month shows the industry bested its previous spending record by nearly $80 million. In total, New Jersey was home to 725 productions in 2021, including 68 feature films and 132 television series.
Ridgewood NJ, after successfully fulfilling its mission to deliver $1 million in economic relief to local restaurants and 100,000 hot and healthy meals to those facing food insecurity in Bergen County, the HealthBarn Foundation and its partners are committing to continuing the ‘Feed the Frontlines: Helping Those In Need’ initiative. The nonprofit is seeking a second grant from the New Jersey Economic Development Authority’s ‘Sustain and Serve’ program after state lawmakers approved $10 million in additional funding for the NJEDA’s effort last week. The legislation has Governor Murphy’s support and is expected to be signed into law later this month.
River vale NJ Important updates for business and nonprofit employees employees impacted by COVID 19 from Alyssa Kaye Dawson Chief of Staff to Assemblywoman Holly Schepisi at State of New Jersey:
by Alyssa Kaye Dawson
(she works for Assemblywomen Holly Schepisi )
The last 48 hours have been chaotic to say the least. I have spoken to more business owners than I can count and have been doing everything I can to provide them with information and updates as they become available. It is times like this that I am grateful to have a job that allows me to help others and make a difference in a time of need and uncertainty unlike anything we have ever experienced. I am hoping that the following information provides some answers and hope for many of you who are small business owners or employees affected by COVID-19. After reading my notes below, if there are any further questions, feel free to call me on my cell, 201-574-3223. Also, I encourage you to follow my boss’ Facebook page for frequent updates:
Trenton NJ, Assemblywoman Patricia Egan Jones called for an investigation into Teva Pharmaceutical today and submitted testimony to Governor Murphy’s Task Force on the New Jersey Economic Development Authority’s Tax Incentive Program.
Cherry Hill NJ, New Jersey Main Street Alliance released the following statement today in response to a state Comptroller audit finding that $11 billion in tax breaks given to mostly large corporations between 2005 and 2017 by the New Jersey Economic Development Authority have generated no known economic benefits for main street New Jersey and state taxpayers. The EDA’s corporate tax incentive program was meant to spur economic growth, attract new business and create thousands of new jobs. But the audit found the EDA has been grossly mismanaged, resulting in improperly awarded incentives, inflated and misleading job counts, and corporate tax incentive recipients taking advantage of the agency’s lack of oversight, accountability and internal controls.
“While small business owners like me struggled for years to obtain loans and secure capital, an incompetently managed state EDA gave away billions of dollars in tax breaks to enrich CEOs and corporate shareholders,” said NJMSA Steering Committee Member Kelly Conklin, owner of Foley Waite LLC in Kenilworth. “Instead of giving tax breaks to large corporations, the EDA could have invested in main street and small businesses, who would have re-invested their profits in their communities. Small business owners create more jobs and create more GDP for the economy than a company that wants tax payers to subsidize them. We call on a full investigation of the state EDA and echo Governor Murphy’s call to overhaul the agency. Our businesses and communities deserve nothing less.”
