A 3870 New Jersey General Assembly · 2024-2025 Regular Session

Requires State agencies to vacate certain property in Trenton; allows EDA to offer incentives to private entities to locate to that property.

This bill requires New Jersey state agencies currently leasing space at 300 and 400 Riverview Plaza in Trenton to relocate to other suitable locations within the city as soon as possible. The New Jersey Economic Development Authority (EDA) must then actively seek private businesses to occupy the vacated office space and prioritize them for eligibility in state business assistance programs. The EDA may modify existing programs, such as the Grow New Jersey Assistance Program, to offer enhanced incentives like bonuses to private entities that move into these buildings. The bill also authorizes the EDA to request support from other state agencies, including the Department of Treasury and Department of Transportation, to facilitate the redevelopment of the area.
Tags: Economic Development
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
Governor
Introduced Feb 27, 2024 Last action Feb 27, 2024
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Feb 27, 2024
General Assembly · Introduced
Introduced in the Assembly, Referred to Assembly Commerce, Economic Development and Agriculture Committee
2 primary · 0 co-sponsors

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