February 11, 2021
seen in this article, “Companies that have been recipients of Grow New
Jersey awards are now able to suspend their awards, adjust them — or even
terminate them, thanks to recommendations approved Wednesday by the New Jersey
Economic Development Authority board of directors."
article later continues, “Ted Zangari, the chair of the real estate
practice at Sills Cummis & Gross P.C., said the accommodations may help
both businesses and the state as a whole.
“‘The NJEDA board is to be
commended for giving businesses that chose New Jersey a flexible range of COVID
relief options,’ he said. ‘If past economic downturns are any guide, many of
the companies that are now being forced to prune their headcount will come back
bigger and healthier when the economy springs back to life.’’’