The New Jersey Economic Recovery Act of 2020
On January 7, 2021, NJ Governor Murphy signed into law the New Jersey Economic Recovery Act of 2020 (NJERA) which legislation includes a new incentive program called “Emerge”.
- Emerge is a successor to the expired NJ Grow tax incentive program.
- Jersey City is designated as an “enhanced area” for tenants seeking to obtain tax credits under Emerge.