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New Jersey Economic Development Authority (NJEDA) Approves Assembly Bill A3845

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Governor Phil Murphy recently signed in law, Assembly Bill A3845 to address the COVID-19 pandemic, providing additional six-month extensions of time to file a project completion certification for businesses that have received Grow New Jersey Grants.

  • The Bill authorizes the New Jersey Economic Development Authority (NJEDA) to provide New Jersey businesses that have been granted tax incentives pursuant to its Grow NJ job creation and retention incentive program up to two additional six-month extensions of time to file a project completion certification.
  • The applicants must show that the delay in project completion is a result of economic disruptions caused by the COVID-19 State of Emergency. 

If you have any questions about how this can affect you, please feel free to call or email us! We look forward to helping you. Mariana.Moghadam@SobelCoLLC.com

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