(4th LEGISLATIVE DISTRICT.) – Sen. Fred Madden and Assemblyman Paul Moriarty on Friday unveiled legislation designed to help Franklin’s ongoing effort to improve its business climate and create jobs for area residents.
The bill (A-2976) would allow redevelopment projects in communities that are adjacent to an Urban Enterprise Zone and a county that receives a special sales tax exemption to receive assistance from the New Jersey Redevelopment Authority. This would include Franklin in Gloucester County, which is included in the 4th Legislative District represented by Madden and Moriarty.
“Franklin is a special place that needs specialized help in protecting its business core,” said Madden (D-Gloucester/Camden), who will introduce the bill in the Senate. “Our businesses don’t need talk, they need action and a realistic plan to ensure their future. This is about keeping Franklin competitive and keeping the playing field level for both businesses and workers.”
“Franklin has been working hard on enticing new businesses to move in and convincing the businesses it already has to stay, and this bill would lend a tremendous hand to that ongoing effort to create jobs and grow our economy,” said Moriarty (D-Gloucester/Camden). “This isn’t a slapdash effort that we’ve seen some other lawmakers propose in fruitless attempts to help our communities. This is a bill specifically designed to ensure communities like Franklin get the help it needs and deserves for its redevelopment efforts, which will benefit workers and businesses alike.”
Franklin borders Vineland, which is an Urban Enterprise Zone, and Salem County, which like the UEZs has a special tax exemption to charge 3.5 percent sales tax.
“This will allow places like Franklin that face nearby competition from UEZs to compete for jobs, businesses and customers that can make a community thrive,” Moriarty said.
“Franklin simply deserves a fair shake,” said Madden.
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