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Coutinho Hails Senate Passage of New Jersey Economic Opportunity Act

(TRENTON) – Assemblyman Albert Coutinho (D-Essex) on Monday released the following statement welcoming Senate passage of The New Jersey Economic Opportunity Act of 2013 (A-3680), which Coutinho sponsored to reinvigorate economic development efforts throughout the state. The Assembly initially passed the bill in May and then again in June:

“This is a critical piece of legislation, and I am very pleased it passed the Senate today without amendment. This is a long-awaited big step in the right direction toward creating more jobs throughout our state and boosting our economy. Job creation and economic growth are shared priorities for all New Jerseyans, so this progress is good news for everyone.
“We’ve spent a lot of time crafting this bill to make sure we got it right, and businesses should have confidence this is going to get done in the very near future.
“When all is said and done, we’ll have reformed economic development incentives to make them more effective, kept jobs in the state, set in motion plans to bring more jobs into the state and ensured economic growth will occur in places where development has been stagnant for years.
“I want to thank everyone involved for their support – most especially Speaker Oliver and Senate President Sweeney – and look forward to soon taking the final steps to turn this common sense jobs bill into law.”