Assembly Commerce and Economic Development

The Assembly Commerce and Economic Development Committee is responsible for issues that affect urban enterprise zones, state and local redevelopment projects, corporate tax incentives, and business grant programs.
Democratic Research Aide:  Ben A. Graziano   
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***MULTIMEDIA PACKAGE*** Speaker Prieto, Wisniewski & Schaer Join Working Families Alliance News Conference to Call for Increasing NJ's Minimum Wage to $15

Assembly Speaker Prieto and Assemblymen Schaer and Wisniewski pose with members of NJ Working Families before the start of a news conference on raising the state's minimum wage to $15. Assembly Speaker Vincent Prieto (D-Hudson), Assembly Transportation and Independent Authorities Committee Chairman John S. Wisniewski (D-Middlesex), Assembly Budget Committee Chairman Gary S. Schaer (D-Passaic) and Senate Economic Growth Committee Chairman Raymond J. Lesniak (D-Union) joined New Jersey Working Families and a coalition of other groups Thursday to issue a multimedia package of a news conference in which they call for increasing New Jersey's minimum wage to $15 an hour.

The legislation to increase the state minimum wage to $15 is part of the Speaker's ongoing effort to have the General Assembly focus on ways to lift New Jersey residents out of poverty, rebuild the middle-class and make New Jersey more affordable.

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Assembly Speaker Prieto, Assemblyman Wisniewski, Senator Lesniak Introduce $15 Minimum Wage Bill

Assembly Speaker Vincent Prieto
Workers & Advocates Praise Sponsors, Say Raise Would Give Big Boost to Working Families & Economy
Legislators joined NJ Working Families and its partners in New Jersey's Fight for $15 to unveil a groundbreaking bill that would raise New Jersey's minimum wage to $15 from its current level of $8.38. Workers and advocates praised the bill as a major step forward in the Fight for $15 campaign to raise the state's minimum wage to a family-sustaining wage.

"As we continue to review other proposals as part of our new anti-poverty initiative, this will be an integral component in our efforts to stop the decline in the middle class and lift working families out of poverty," said Assembly Speaker Vincent Prieto...

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Oliver, Coughlin, Caride, Wimberly & Quijano Bill to Ensure Corporations Fulfill Grant Responsibilities Approved by Assembly Panel

Legislation sponsored by Assembly Democrats Sheila Oliver, Craig Coughlin, Marlene Caride, Benjie Wimberly and Annette Quijano to require a corporation qualifying for certain grant funds to repay the funds in full if it fails to uphold the grant terms was approved Thursday by an Assembly panel.

"While incentives may motivate a business to either locate or expand its current operations in New Jersey, the sole motivation of the state in providing such subsidies is the desire to create job opportunities for our residents and to grow our economy and state revenues…," said Oliver (D-Essex/Passaic). For More

Singleton Bill to Promote Cost-Cutting Small Business Improvements Approved by Assembly Panel

Legislation sponsored by Assemblyman Troy Singleton to facilitate cost-effective environmentally friendly improvements for small businesses was approved Thursday by an Assembly panel.

"Energy efficiency upgrades have the potential to save small businesses thousands of dollars each year," said Singleton (D-Burlington). "Small businesses are not churning out enormous profits. Keeping the costs of lighting, heating, ventilation and air conditioning systems and other similar expenses at a minimum while increasing overall profitability can make a difference to their bottom line…"

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Johnson Bill to Expand NJ Film Tax Credit Clears Assembly Panel

Legislation sponsored by Assemblyman Gordon Johnson (D-Bergen) to expand New Jersey's film and digital media production tax credit program to help generate jobs and revenue was released Thursday by an Assembly panel.

"These industries help generate jobs and contribute significantly to local economies," said Johnson. "The state missed the mark when it suspended the credit. There is no reason why New Jersey should not be taking advantage of the same opportunities that are creating jobs and bringing millions in revenue to other states…"

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