S 2099 New Jersey Senate · 2024-2025 Regular Session

Authorizes establishment of regional economic development partnerships.

S 2099 allows counties, municipalities, and economic development groups to form regional partnerships for joint economic planning and development. These partnerships can attract new businesses, support existing ones, redevelop areas, and share project costs. They may access loans, issue bonds (following local bond laws), and use state economic development resources, with all agreements requiring approval from the New Jersey Economic Development Authority or Local Finance Board. The bill directly affects local governments and businesses collaborating on regional economic strategies.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 30, 2025
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Full legislative history

Actions timeline

Total actions
2
Key actions
1
Committee
1
Jan 30, 2025
Upper · Passed
Reported out of Senate Committee, 2nd Reading
upper
Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
upper
2 primary · 2 co-sponsors

Sponsors