The new “NJ Aspire” incentive program, enacted last week by Gov. Murphy as part of the Economic Recovery Act of 2020, is intended to close project financing gaps in proposed redevelopment projects through the issuance of transferable/pledgeable state tax credits. The program replaces the Economic Redevelopment Growth (ERG) grant program that expired in June 2019.
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NJ Finally Has a Replacement Business Incentive Program
New Jersey has been without a public financial incentive to attract and retain businesses since June 2019 when the GrowNJ program expired. Earlier this week, Gov. Murphy signed into law the Economic Recovery Act of 2020 which includes a replacement incentive program to be known as “Emerge.” The real estate attorneys at Sills Cummis &…
Newly Enacted Incentives Legislation Includes Important Amendments Giving Relief to Grow NJ Tax Credit Recipients
Relief Requires Time-Sensitive Action on the Part of Businesses
You may have read that the recently enacted New Jersey Economic Recovery Act of 2020 will create a successor business attraction and retention incentive program to Grow NJ to be known as “Emerge.” Lost in all the news coverage, however, is the fact that this new law includes important amendments to the Grow NJ statute that may provide pandemic-related relief to your company as a tax credit recipient.Continue Reading Newly Enacted Incentives Legislation Includes Important Amendments Giving Relief to Grow NJ Tax Credit Recipients
New Jersey Economic Development Authority — News Release: NJEDA Board Approves Brownfields Loan Program
NJEDA Board Approves Brownfields Loan Program
Contact: New Jersey Economic Development Authority
media@njeda.com
TRENTON, N.J. (November 13, 2020) – The New Jersey Economic Development Authority (NJEDA) Board of Directors today approved the creation of the Brownfields Loan Program. This program will make low-interest loans of up to $5 million available to brownfield redevelopment projects for all aspects of brownfield revitalization, including assessment, investigation, and demolition. It will be one of the only funding sources available to cover pre-construction planning, demolition, asbestos, PCB removal, and lead-based paint remediation. More information is available at https://www.njeda.com/brownfields.Continue Reading New Jersey Economic Development Authority — News Release: NJEDA Board Approves Brownfields Loan Program
New Jersey Extends Numerous Permits and Approvals Under the Permit Extension Act of 2020; Mandatory Registration Required by October 8th
On September 8, 2020, the NJ Department of Environmental Protection (“DEP”) issued a Public Notice pursuant to the New Jersey Permit Extension Act of 2020, P.L. 2020, c. 53 (the “Act”), which extended the term of numerous government permits and approvals that were in effect on March 9, 2020. The Act suspends the running of the periods of eligible permits and approvals from March 9, 2020 until six (6) months after the end of the Public Health Emergency declared by Governor Murphy in response to COVID-19.
Continue Reading New Jersey Extends Numerous Permits and Approvals Under the Permit Extension Act of 2020; Mandatory Registration Required by October 8th
Governor Murphy Signs Permit Extension Act of 2020 Into Law
Governor Murphy signed the Permit Extension Act of 2020 (the “Act”) into law, automatically suspending the running of the period of eligible permits and approvals during the “COVID-19 Extension Period.” The COVID-19 Extension Period is defined as the time period beginning on March 9, 2020, and continuing for as long as a public health emergency has been declared by the Governor in response to COVID-19 and is in effect. This suspension will not shorten the duration of any permit or approval to a duration less than it otherwise would have had in the absence of the Act, and extends any permit or approval for at least six months beyond the end of the COVID-19 Extension Period.
Continue Reading Governor Murphy Signs Permit Extension Act of 2020 Into Law
Tiny Homes – A Creative Solution for Affordable Housing and Homelessness
Good things often come in small packages, and one of those may be a simple solution to New Jersey’s well-documented shortage of affordable housing: tiny homes. A tiny home is a single family home with a floor area of 400 square feet or less, which requires creative use of space and multipurpose features. Some are built on a foundation and others are chassis mounted mobile homes. Many jurisdictions, notably California, are beginning to use tiny homes as a means of providing inexpensive housing for low and moderate income and homeless individuals.
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The Revenge of the Parking Lot
- Churches, synagogues, and other places of worship have been holding radio broadcasted services in their parking lots.
- DJs in Germany have been hosting drive-in raves in parking lots.
- With libraries, schools, and coffee shops closed, parking lots
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Governor Murphy Issues Extensions of NJDEP Timeframes and Deadlines
On Saturday May 2, 2020, New Jersey Governor Philip D. Murphy issued Executive Order (EO) 136 providing for sweeping extensions of many statutory deadlines required under environmental laws and regulations administered by the New Jersey Department of Environmental Protection (NJDEP or Department) and suspending timeframes for certain NJDEP permit decisions and reporting. The extensions and suspensions are retroactive to March 9, 2020. Specifically, EO-136 includes the following:
Continue Reading Governor Murphy Issues Extensions of NJDEP Timeframes and Deadlines
Re-Imagining the Shopping Center Post-COVID: Zoning Changes Needed to Accommodate Store Features No Longer Deemed Convenience Amenities
Curbside pick-up lanes and “to-go” parking spaces—already trending in shopping centers before the pandemic—have become essential features of retail stores in the wake of COVID-19 and are likely to become permanent fixtures in shopping centers. Likewise, drive-throughs and walk-up or vestibule kiosks will no longer be limited to banks and pharmacies, as retailers of every type seek to adapt to the new public health normal and avoid risks and exposures to employees and customers alike. How does this sudden shift in shopping center design and layout square with existing zoning laws and municipal codes around the Garden State?
Continue Reading Re-Imagining the Shopping Center Post-COVID: Zoning Changes Needed to Accommodate Store Features No Longer Deemed Convenience Amenities