May 14, 2021
As seen in this article, "New
Jersey's economic development board opened its new business tax credit program
to encourage small and large businesses to invest private capital into the
state and create jobs.
"The board of the New Jersey
Economic Development Authority on Wednesday approved the creation of the Emerge
program, which state leaders passed several months ago as part of the Economic
Recovery Act of 2020. The board also approved short-term rules for Emerge to
allow the agency to start accepting program applications, the agency said."
The article later continues, "Ted Zangari, a real estate attorney with Sills Cummis & Gross P.C., told
Law360 on Friday that under the Grow New Jersey program, an employee was
required to work at a qualified business facility 80% of the time to be
eligible for an award. The rules for Emerge require the employee to spend 80%
of the work week, 35 hours, anywhere in New Jersey.
"'I'm pleased that NJEDA has
recognized the likely post-pandemic increase in work-from-home or work offsite
activity,' Zangari said. 'The additional flexibility will be welcomed by
corporate site selectors.'"