We are encouraged that Gov. Phil Murphy and the Legislature have been in discussions to create the next version of the incentive. Murphy has put forth a tax incentive plan with a focus on increasing venture capital investment and the Legislature has been working on a new version of the Grow New Jersey program that addresses some of the concerns raised about the expired program, as well.
However, with each passing day that New Jersey does not have a tax incentive program, we put future job creation, economic development and prosperity at risk.