N.J. Admin. Code § 18:35-7.10

Current through Register Vol. 56, No. 11, June 3, 2024

Section 18:35-7.10 - Treasurer's approval of a business to receive a grant from both the Business Employment Incentive Program Act and the Business Relocation Assistance Act

(a) In determining whether to recommend the approval or disapproval of a business to receive a grant under both the Business Employment Incentive Program Act and the Business Relocation Assistance Act, the Treasurer shall consider the following criteria:

1. The number of eligible positions created for new employees and the expected duration of those positions;

2. The total number of existing employees of the business;

3. The type of contribution the business can make to the long term growth of the State's economy;

4. The total dollar investment the business is contributing to the project;

5. The type of industry that the business is involved in;

6. The location of the project;

7. The type of jobs to be created and the associated wages; and

8. Such other factors as are presented by a specific applicant.

(b) In determining whether to recommend the approval or disapproval of a business receiving a grant under either the Business Employment Incentive Program Act or the Business Relocation Assistance Act and any other grant under operation of State law, which, when combined, exceeds 80 percent of its withholdings, the Treasurer shall consider the same criteria set forth in (a) above.

N.J. Admin. Code § 18:35-7.10

Recodified from N.J.A.C. 18:35-3.2 by R.1998 d.195, effective 4/20/1998.
See: 30 N.J.R. 612(a), 30 N.J.R. 1428(a).
Recodified from N.J.A.C. 18:35-7.9 by R.2009 d.145, effective 5/4/2009.
See: 40 N.J.R. 5565(a), 41 N.J.R. 2051(b).
Former N.J.A.C. 18:35-7.10, Domestic employees, recodified to N.J.A.C. 18:35-7.11.