Gov. Jon S. Corzine signed into law the New Jersey Economic Stimulus Act of 2009 on July 27. The Act is intended to spur economic growth in the state “through the use of tax increment financing, tax credits, development fee suspensions, and dedicated economic development revenues, along with a more efficient redevelopment process.” Some provisions in the Act are significant for the development community:
Effort to Stimulate Economy Through New Jersey Economic Stimulus Act of 2009 Impacts Development Community
July 29th, 2009 | Posted by:
Christopher DeGrezia
0
New Legislation Allows Wind and Solar Facilities in Industrial Zones
April 9th, 2009 | Posted by:
Christopher DeGrezia
0
The Legislature has adopted a Bill (A 2550/ S 1299) that permits certain renewable energy facilities in areas zoned for industrial use. A “renewable energy facility” is defined as a facility that engages in the production of electric energy from solar technologies, photovoltaic technologies or wind energy. Specifically, the Bill provides that a renewable energy facility is deemed to be a permitted use in industrial districts on land comprising 20 or more contiguous acres. Click here to view the Pamphlet Law.