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In Print: Incentive funding dwindles

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The state’s Urban Transit Hub and Grow New Jersey money could be gone within a couple of EDA meetings, according to this week’s Grapevine column.


The state’s Urban Transit Hub and Grow New Jersey money could be gone within a couple of EDA meetings, according to this week’s Grapevine column.

Without legislative action, the $330 million currently available will soon run out, sources but Grapevine notes the concern could be rendered moot if Assemblyman Albert Coutinho’s (D-Newark) incentives revamp becomes law.

Grapevine’s also got insight into Gov. Chris Christie’s decision-making process when it comes to setting up a state health exchange. The governor’s already said he won’t set up a state-run system, but he’s got a couple more weeks to decide whether he wants a hybrid state/federal system.

In this week's State Street column, CWA Legislative and Political Director Seth Hahn talks about legislative efforts to stop the lottery privatization. A bill to require legislative approval of any lottery privatization is on today’s Assembly voting agenda, as is a bill asking the governor’s office to get a legal opinion from the Department of Justice before proceeding. Meanwhile, a trio of bills that would change the state’s corporate laws is moving swiftly through the Legislature. The New Jersey Business and Industry Association says the bills represent technical, but important changes.

Also, don’t forget about NJBIZ’s Power 100 list, out today. Christie tops the list for the third straight year, but there’s a new No. 2. Click here to find out who it is. Here’s a hint: A source invoked references to a former KGB spy and the musical Annie when describing this power player.

Write to the Editorial Department at editorial@njbiz.com

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