(TRENTON) – The Assembly Budget Committee will meet Tuesday to move several job creation and economic development bills as part of the Assembly Democratic effort to reinvigorate New Jersey’s lagging economy.
Assembly Democratic leadership announced the jobs focus earlier this week. The Assembly’s Dec. 17 voting session will be devoted to moving numerous job creation measures.
“Recovering from Sandy must include a vigorous job creation and economic development initiative,” said Assembly Budget Chairman Vincent Prieto (D-Hudson/Bergen). “The two must go together. Our lagging economy and high unemployment was a concern before the storm, and it remains so now, so let’s get this done for the good of everyone in New Jersey.”
New Jersey’s unemployment rate is at 9.7 percent, compared to a national average of 7.7 percent.
The Assembly Budget Committee will meet on Tuesday, December 11, 2012 at 10 a.m. in Committee Room 11 on the 4th Floor of the State House Annex in Trenton.
Audio of the hearing will be streamed live at http://www.njleg.state.nj.us/media/live_audio.asp.
The following bills will be considered:
Wagner/Lampitt/Watson Coleman Establishes the Workforce Shortage Loan Redemption Program.
“New Jersey Angel Investor Tax Credit Act;” provides credits against corporation business and gross income taxes for investing in New Jersey emerging technology businesses.
Jimenez Directs New Jersey Economic Development Authority and Commission on Higher Education to promote the establishment of higher education and business partnerships.
Provides corporation business tax and gross income tax credits for qualified investment in certain biotechnology businesses.
Establishes “New Jersey Innovation Inspiration School Grant Program” in DOE to fund non-traditional STEM programs.
Requires Commissioner of Education to develop career exploration report for students in grades 8 through 12.
The “New Jobs for New Jersey Act.”
Prohibits State departments and agencies from charging a fee to an applicant solely to correct clerical errors on any application form.
Amends “Administrative Procedure Act” to require State agencies to use various electronic technologies in rule-making procedures.
Moriarty Creates “Back to Work NJ Program”; makes an appropriation.
Concerns enforcement, penalties, and procedures for law regarding failure to pay wages.
Garden State Manufacturing Jobs Act.