|Assembly Commerce and Economic Development|
Democratic Research Aide: Ben A. Graziano
Group - B
Gusciora, Muoio, Caputo, Mukherji & Chiaravalloti Bill to Extend Urban Enterprise Zone Program Continues Advancing
Bill Would Extend Economic Perks to Bolster City RevitalizationsLegislation sponsored by Assembly Democrats Reed Gusciora, Elizabeth Muoio, Ralph Caputo, Raj Mukherji and Nicholas Chiaravalloti to extend the Urban Enterprise Zone (UEZ) designation for participating cities for another 10 years so that they may continue to benefit from the economic incentives continued advancing Thursday, gaining approval from the Assembly Budget Committee.
"Over the years, the Urban Enterprise Zone program has helped attract both new businesses and consumers alike, and has helped revitalize cites struggling to reinvigorate once-thriving business districts," said Gusciora (D-Mercer/Hunterdon). "It makes little economic sense to suddenly halt this momentum. By extending this designation, we can help these towns continue their renaissance."