In the wake of some tumultuous times over, some New Jersey legislators are brainstorming on ways to boost New Jersey’s economy and help it compete with its many rivals throughout the United States. We need the help as Indiana, Texas and others are trying to eat our lunch! To boost New Jersey’s economy, much is needed, including legislative action:
“Assemblyman Andrew Zwicker (D-Monmouth Junction), one of the main backers of a bill that offers a different path to tax credits…The bill bolstered a tax credit for angel investors putting money into an emerging Garden State technology firm. The tax credit was raised from 10% to 20% of qualified investments, with additional benefits for investments in Opportunity Zones, low-income communities or in businesses certified as minority- or women-owned. But that’s not where his vision for closer partnerships with the state’s investor community ends — he wants to start to push in the state Legislature for Murphy’s proposed Evergreen Innovation Fund.”
Read: Incentive to innovate: Zwicker says new legislation will boost N.J. economy, help it keep up with rival states at ROI-NJ
Shared by Geoffrey G. Gussis, Esq., a business lawyer and technology lawyer licensed in New Jersey and New York. Learn more about me, the legal services I provide, and articles I have written. Contact: geoff@gussislaw.com or (732) 898-0549 or (646) 389-2946 for a free consultation.
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