Abstract
The Grow New Jersey and Economic Redevelopment and Growth (ERG) Programs were created through the Economic Opportunity Act of 2013 (EOA), with the intent to incentivize the creation and retention of jobs in New Jersey (Grow NJ) and enable commercial and residential development that would not be completed under traditional financing mechanisms (ERG), particularly in economically distressed areas of the state. This report reviews the administration of these incentives to date by the New Jersey Economic Development Authority (NJEDA) and offers a series of recommendations for reconsidering and revising the parameters under which incentive applications are evaluated.