The Redeveloper

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The Economic Opportunity Act of 2013: Incentives and Challenges for Residential Developers

As of November 18, 2013, the New Jersey Economic Development Authority (“EDA”) began accepting applications for the new state-sponsored incentive programs created under the New Jersey Economic Opportunity Act of 2013 (the “Act”). The Act was signed into law by Governor Chris Christie on September 18, 2013 and serves to replace the previous state-sponsored incentive […]

Garden State Growth Zones Under The Economic Opportunity Act of 2013

The New Jersey Economic Opportunity Act of 2013, signed into law in September 2013, provides significant bonus incentives. The most generous of these incentives are reserved for four (4) municipalities defined as within the Garden State Growth Zone (currently designated as Camden, Trenton, Paterson and Passaic). The Act provides significant bonus incentives for companies and […]

The Economic Opportunity Act of 2013 – Incentives and Challenges For Residential Developers

As of November 18, 2013, the New Jersey Economic Development Authority (“EDA”) began accepting applications for the new state-sponsored incentive programs created under the New Jersey Economic Opportunity Act of 2013 (the “Act”). The Act was signed into law by Governor Chris Christie on September 18, 2013 and serves to replace the previous state-sponsored incentive […]