N.J.S.A. 34:1B-118.1 — Award, amount of grant; factors.

34:1B-118.1 Award, amount of grant; factors. 11. In considering the award and the amount of any grant of tax credits made pursuant to P.L.1996, c.25 (C.34:1B-112 et seq.), the authority may consider, as part of the authority's overall review process, the following factors: a. The number of full-time jobs retained; b. The quality of the full-time jobs retained, including but not limited to the salaries and benefits provided to retained full-time employees; c. Any capital investments made by the business at the new business location; d. The nature of the business' operations, including but not limited to whether the business is a designated industry; e. The potential impact on the State if the business were to relocate to another state; f. The site of the new business location and its consistency with the smart growth goals, strategies and policies of the State Development and Redevelopment Plan established pursuant to section 5 of P.L.1985, c.398 (C.52:18A-200); g. Whether positions average at least 1.5 times the minimum hourly wage during the commitment duration; and h. The duration and extent of past operations by the business in New Jersey and any other information indicating the business' level of commitment to the State and the likelihood that the business will continue to operate in this State in the future. L.2004, c.65, s.11; amended 2010, c.123, s.10.

This is the verbatim text of N.J.S.A. 34:1B-118.1, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.