EDANJ NEWS

The Passaic County Board of Chosen Freeholders is hosting the Green Design conference, “Greening Your Company in 2013: Opportunities to Improve Cash Flow and Maximize Environmental Benefits” on June 19, 2013.  Certificates of recognition will be awarded to municipalities/companies/organizations located in Passaic County who have implemented Green Design concepts and techniques in their organization/company such as unique manufacturing technologies; recycling; alternative/green power technologies; and/or green new construction and rehabilitation projects located in Passaic County.  We would greatly welcome your nomination of a company/building (residential, commercial, municipal, industrial, etc.) in your community, which exemplifies Green Design techniques.

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EDANJ is a Partner Organization for the Downtown New Jersey Annual Conference.
Recovery, Revitalization & Redevelopment - Moving forward with New Jersey's Downtowns
The past year has seen New Jersey downtowns dealing with an increasing number of managed districts in turmoil, downtowns exploring new approaches and alternatives to redevelopment, and Superstorm Sandy. This compact conference is being offered at a location where both redevelopment issues and the impact of Sandy have come to play; Pier Village, the first stage of redevelopment in Long Branch and a Sandy survivor.
Thursday May 16, 2013 - 8:30am-1:00pm The Avenue, Pier Village, Long Branch, NJ

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The biggest New Jersey tax incentive bill of 2013 (S-2583)  is  being considered in the Senate Economic Growth Committee on Monday, March 11, 2013  AND is the subject of the EDANJ March 20, 2013 Enhancing Economic Development Incentives in New Jersey breakfast seminar featuring Assemblyman Albert Coutinho at 8:00 AM - 10:00 AM at Forsgate Country Club in Jamesburg NJ (Exit 8A of the New Jersey Turnpike). Register Now

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On March 13 & 27, 2013 several EDANJ colleagues are participating in a Rutgers Office of Continuing Professional Education Course entitled Current Issues and Hot Topics in Environmental Law and Regulation in New Brunswick, NJ.  You can attend one or both days to hear about the Clean Air Act, Clean Water Act, RCRA, UST and Hot Topics (that’s all in day one on March 13) and CERCLA, the  Spill Act, ISRA, NRD, and LSRP/SRRA (that’s all day two on March 27) Many of the topic areas may impact your business or practice.  In addition to the option of registering for one or both days--Rutgers is also offering you a special 20% off the registration price.  Rutgers is hoping this offer will enable you and other members of your organization to enjoy and afford a program packed with useful real-world information from some of NJ's leading attorneys, regulators and consultants. 

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Governor Chris Christie Acts to Spur Investment and Growth in New Jersey's Innovative and Emerging Technology Businesses.  $25 Million Angel Investor Tax Credit Program Will Encourage Early Investment in New Jersey's Emerging Innovative Businesses

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The Superbowl is coming to MetLife Stadium in New Jersey in 2014.  What is the economic impact for New Jersey... Let the numbers begin:  4,000 New Jersey Hotel Rooms are already under contract for Superbowl Week in 2014.

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The Economic Opportunity Act of 2013 (see accompanying  Wall Street Journal article) was introduced earlier this month by Assemblyman Albert Coutinho (D-Essex), chair of the Economic and Commerce Development Committee. Today’s Star Ledger tells us that according to the sponsor, ”the emphasis is on job creation and less on capital improvement. The bill also phases out the Business Retention and Relocation Assistance Grant Program, the Business Employment Incentive Program and the Urban Transit Hub Tax Credit Program, and expands the Economic Redevelopment and Growth Grant (ERGG) program as the state’s sole redevelopment incentive and the Grow New Jersey Assistance Program as the state’s premiere business attraction and retention incentive.”

Also Read Tom De Poto’s article entitled Subsidies in Doubt . It points you to a new study by Good Jobs First, funded by foundations, that looks at interstate job movement, incentive programs in all states, and includes several corporations that have received large subsidies to stay in New Jersey

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Proposed for North Brunswick, NJ on the former Johnson and Johnson property visible from Route 1 North and the northeast corridor tracks, it is proposed to improve on-time performance and commuting choices along the busy train  corridor.  It will be completed in conjunction with a long-proposed mixed-use development embodying the transit village concept:  containing residential and retail development around mass transit.

According to Mr. Frassinelli’s report, “NJ Transit is requesting proposals from firms for preliminary design and engineering, construction assistance and other technical services for the "Mid-Line Loop" flyover track and new passenger rail station.A pre-proposal conference has been scheduled for Thursday at NJ Transit’s headquarters in Newark, and proposals are due by the end of the business day on Feb. 15.While it is still too early to definitively quote costs, a new station could cost about $30 million and the loop could cost "several hundred million," officials said.”

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Governor Christie approved the expansion of the Urban Transit Hub tax credit by $250 million,  to a total of $1.75 billion.  What does it mean to developers?

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