January 7, 2021

Incentive Alert – Governor Murphy Signs $14 Billion Incentive Package

Governor Phil Murphy has signed the Economic Recovery Act of 2020, a comprehensive bill that creates multiple new incentive programs, including the Emerge Program (the successor to Grow NJ), the Aspire Program (the successor to ERG), and other programs related to brownfields redevelopment and the redevelopment of historic properties.

Real Estate NJ was first to break the news. The article can be found here: https://re-nj.com/murphy-signs-14-billion-incentive-package/

For more information on the programs created under the Economic Recovery Act of 2020, please reach out to Chris J. Murphy, Esq. at (973) 705-7421 or cmurphy@murphyllp.com .

Murphy Schiller & Wilkes LLP is a boutique law firm specializing in commercial real estate and development matters. Headquartered in Newark, NJ, the firm was founded to provide effective, efficient, and creative legal services to meet the distinctive needs of our clients. Through the development of comprehensive legal strategies, our team works tirelessly to create a blueprint for success and advance our clients’ interests in every matter.