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Murphy announces actions on solar energy development
In addition to launching a one-stop-shop website to facilitate projects capping landfills with the clean energy alternative, the governor signed legislation to expand certain tax incentives regarding brownfields and historic preservation developments.
Up to $500M in AI tax credits available via Next NJ Program
Enacted during a bill signing at Coreweave headquarters July 25, co-founder and Chief Strategy Officer Brian Venturo stressed this legislation will position New Jersey as a premiere hub for artificial intelligence innovation.
NJPAC District approved for $200M in Aspire tax credits
The nearly 580,000-square-foot mixed use development will include 350 residences, a new headquarters for WBGO, 12,600 square feet of new retail space, and more.
Holtec will pay $5M to settle Angel Investor tax credit dispute
In a strongly worded response, the Camden-based manufacturer said it agreed "under threat of unfounded retaliatory criminal prosecution."
NJEDA approves $29M in Aspire tax credits for Trenton multifamily project
“I know that Trentonians will be excited to hear about the approval ... which will help move forward the redevelopment of this historic parcel and community space,” said Trenton Mayor Reed Gusciora.
NJ to spend additional $48.6M on film, TV & media tax breaks
Seven awards were doled out for the program at the New Jersey Economic Development Authority's last board meeting of 2021. The initiative has picked up some of the tab for 30 productions in the state since its reintroduction in 2018.
Lawmakers make moves to expand film, TV tax break
Legislation to bolster the program cleared an Assembly committee on Dec. 6. The effort comes as productions pick up in the Garden State, following the standstill imposed by the COVID-19 pandemic.
Lame duck bill would expand NJ film, TV tax break program
The legislation comes as productions stream into New Jersey following the COVID-19 pandemic, and as players such as Netflix eye the former Fort Monmouth Army base, and NBC Universal uses the former Meadowlands Arena, for its productions.
Lawmakers rush through sprawling tax break clean-up bill
The legislation was approved in a party vote during the June 22 Assembly Budget Committee hearing, even though a copy of the 197-page measure was not available to the public. It was later approved by the Senate Budget and Appropriations Committee.
‘Really a gold rush’
When NJBIZ last checked in on the state of showbiz in the Garden State in October few producers were willing to talk about what they were up to. Film and television production all but shut down during the pandemic, with few exceptions for projects that imposed strict standards for social distancing, mask usage and sanitization. But now, with New Jersey reopening, industry insiders are more forthco[...]
