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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Prieto, Caride, Schaer & Eustace Bill to Boost Tax Savings & Economic Growth in the Meadowlands Region Approved by Assembly

Assembly Speaker Vincent Prieto Bill Consolidates N.J. Meadowlands Commission into N.J. Sports and Exposition Authority While Also Revising Tax Sharing System to Provide Savings to Residents and Businesses

Legislation Assembly Speaker Vincent Prieto, Assemblywoman Marlene Caride, Assemblyman Gary Schaer and Assemblyman Tim Eustace sponsored to boost property tax savings, economic growth and job creation in the Meadowlands region by consolidating two major state agencies and improving the tax sharing system used by 14 northern New Jersey municipalities was approved 42-24-2 Thursday by the Assembly.

"Residents and businesses in the Meadowlands have long sacrificed amid the ecological and environmental challenges facing the area, but times change and common sense reform is sorely needed to ensure the region's future success," said Prieto (D-Hudson/Bergen). "This bill takes into account the modern needs of these communities in Bergen and Hudson counties, including tax relief, transportation improvements and economic growth, all while providing certainty and savings to local governments. It's the right reform at the right moment in time..."

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Prieto, Mazzeo, Pintor Marin, Quijano & Schaer Bill to Boost Urban Enterprise Zones to Create Jobs & Economic Development Approved by Assembly

Assembly Speaker Vincent Prieto Legislation Assembly Democrats Speaker Vincent Prieto, Vince Mazzeo, Eliana Pintor Marin, Annette Quijano and Gary Schaer sponsored to restore a portion of sales tax revenue to municipalities with Urban Enterprise Zones to spur urban economic development and create jobs was approved 46-19 Thursday by the Assembly.

"The Urban Enterprise Zone initiative is one of our state's most powerful economic drivers and this legislation would be a strong step toward once again revving the program up and helping our urban areas be more competitive," said Prieto (D-Hudson/Bergen), who represents UEZ communities Guttenberg, Kearny, North Bergen and West New York. ""Our urban areas cannot succeed economically if we do not provide the proper investments into them, and the UEZ program is the single best way we can help these cities and their residents and businesses prosper..."

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Assembly Passes Mazzeo, Burzichelli Bill to Increase Business Participation in State Sign Service Programs

(TRENTON) - Legislation sponsored by Assembly Democrats Vincent Mazzeo and John Burzichelli to remove certain out-of-date requirements for participation in state sign programs was approved by the full Assembly on Monday, 72-0.

The bill (A-3669) prohibits eligibility for sign service programs from being conditioned on whether a facility has a public telephone or free drinking water available. This would apply to the sign programs implemented by the Department of Transportation, New Jersey Turnpike Authority, and South Jersey Transportation Authority.

"This legislation cuts red tape for businesses and brings our sign programs into the 21st century," said Mazzeo (D-Atlantic). "With this bill, we help all businesses, especially those making new investments in our region. Growing industries like craft breweries and distilleries here in Atlantic County and statewide will now be able to take part in the state's service programs and promote their business. It's a win-win for consumers and local business."

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Prieto, Mazzeo, Pintor Marin, Quijano & Schaer Bill to Boost Urban Enterprise Zones to Create Jobs & Economic Development Advanced by Assembly Panel

Assembly Speaker Vincent Prieto Legislation Assembly Democrats Speaker Vincent Prieto, Vince Mazzeo, Eliana Pintor Marin, Annette Quijano and Gary Schaer sponsored to restore a portion of sales tax revenue to municipalities with Urban Enterprise Zones to spur urban economic development and create jobs was released Monday by an Assembly panel.

"The Urban Enterprise Zone initiative is one of our state's most powerful economic drivers and this legislation would be a strong step toward once again revving the program up and helping our urban areas be more competitive," said Prieto (D-Hudson/Bergen), who represents UEZ communities Guttenberg, Kearny, North Bergen and West New York. ""Our urban areas cannot succeed economically if we do not provide the proper investments into them, and the UEZ program is the single best way we can help these cities and their residents and businesses prosper..."

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