Business Retention and Relocation Assistance Act
Funds legacy New Jersey facility retention and relocation projects through job- and investment-based tax credits.
The New Jersey Economic Development Authority administered the Business Retention and Relocation Assistance Act as a tax-credit programme for companies deciding whether to keep facilities and jobs in New Jersey or move them into the state. A business had to show that its project would retain or relocate at least 50 employees, include capital investment and produce a net positive benefit for New Je…
Former business-facility retention or relocation projects combining qualifying capital investment with retained or relocated New Jersey jobs.
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