Tapping the Breaks
How the state’s tax incentive programs have been operating during the pandemic
Companies that received awards from the State of New Jersey’s Grow New Jersey and Economic Redevelopment and Growth gap financing program have been able to request extensions due to the Covid-19 outbreak. Also, the state relaxed standards on how much time employees have to spend in the office from 80% presence to a 30-35 hour work week depending on the town where the business is located. In addition Grow NJ, ERG and HUB tax break recipients have more time to file paperwork for 2019.
By Daniel Munoz
NJBIZ September 21, 2020