Governor Murphy Signs Major Legislation to Generate Good-Paying Union Jobs and Accelerate Growth of Emerging Sectors
July 6, 2023 | nj.gov
Photo Credit: Gov. Phil Murphy (Edwin J. Torres/ Governor's Office)
Governor Phil Murphy today (7/6) signed a package of bills to promote the generation of family-sustaining, primarily union jobs and the growth of burgeoning industries in New Jersey. A5651/S4019 will enable New Jersey’s first offshore wind project, Ocean Wind 1, to access federal tax credits and commit to supporting our state's growing offshore wind supply chain. Additionally, S3748/A5393 appropriates $30 million and bolsters the State’s film and digital media tax credit program, while S4023/A5644 makes critical changes to the Aspire Program, which brings new residential and commercial developments to under-resourced communities by helping to finance projects that would otherwise not be economically feasible for developers.
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