NJEDA Issues Survey to Gain Insight into Job Creation Under Grow NJ
TRENTON, N.J. (July 23, 2019) – The New Jersey Economic Development Authority (NJEDA) today announced a survey of businesses that have been approved for tax credits under the Grow New Jersey (Grow NJ) Assistance Program in an attempt to gather demographic information regarding the jobs that have been created under the program. The voluntary survey is designed to provide greater insight into the impact of the program, including to what extent specific demographic groups, particularly women and minorities, have benefited from the program, and if the program has incentivized local hiring.
The survey was sent to nearly 130 companies, which were chosen on the basis of having certified completion of their projects in New Jersey. This certification is a required step that companies must complete in order to be issued the tax credits for which they were approved. While there are no specific hiring requirements stipulated under the rules of the Grow NJ program, the goal of the survey is to gain insight that will help the NJEDA and policymakers determine how to address diversity, inclusion, and local hiring in the next generation of incentives programs.
“The companies that have received surveys have all committed to creating and/or retaining jobs in New Jersey,” said NJEDA CEO Tim Sullivan. “We appreciate the effort of these businesses to respond to the survey so that we can have access to information that will help inform standards for fairness and equity in future programs.”
About the New Jersey Economic Development Authority
The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.
To learn more about NJEDA resources for businesses call NJEDA Customer Care at 609-858-6767 or visit https://www.njeda.com and follow @NewJerseyEDA on Facebook, Twitter, and LinkedIn.