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Despite Problems, ‘Incentives Have to be a Tool in the Toolkit’

State Assemblywoman Eliana Pintor Marin, who chairs the budget committee, said, “There are good opportunities in the new programs, but to allow Grow NJ and ERG to expire would be a mistake.”

NJEDA CEO Tim Sullivan was the keynote speaker at NAIOP New Jersey’s recent “Next Generation Incentives: Building on Success” program. NJEDA CEO Tim Sullivan was the keynote speaker at NAIOP New Jersey’s recent “Next Generation Incentives: Building on Success” program.

EDISON, NJ—A group of real estate and government officials tackled the controversial topic of the value of economic incentive programs in the State of New Jersey and while many agreed that incentives are necessary in some cases, several proposed programs raised some concerns by legislative and municipal officials.

One state politico at the session proposed to extend the deadline of two programs—Grow New Jersey and Economic Redevelopment and Growth (ERG)—that have come under fire recently and are set to expire on June 30.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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