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By Kevin D. Sheehan on March 23, 2020
Client Update - Grow New Jersey Assistance Act and COVID-19

In light of the significant impact that the COVID-19 emergency is having on businesses, the State of New Jersey is providing some relief to companies that have been granted tax incentive awards pursuant to the Grow New Jersey Assistance Act ("GrowNJ").  

August 6, 2019
The LIBOR Phase-Out:  Part 3

In Parts 1 and 2 of this series, we discussed the circumstances that led to the planned phase-out of the London Inter-bank Offered Rate, commonly referred to as “LIBOR” and the proposed replacement rate known as the Secured Overnight Financing Rate (“SOFR”). In this last part of the series, we will present the proposed language recommended by the Alternative Reference Rate Committee (“ARRC”) to be used in new contracts that reference LIBOR.

April 16, 2019
NJEDA Expands Brownfields Loan Program to Incentivize Projects Targeting Under-served Communities

On April 9, 2019, the New Jersey Economic Development Authority (NJEDA) authorized the creation of a revised Brownfields Loan Program (the "Program") to provide low-interest financing to borrowers in an effort to facilitate remediation of vacant or underdeveloped brownfields sites and return such sites to full and productive use, particularly in the under-served communities within the State. The Program is an expansion of the NJEDA's existing Brownfields Loan Program. 

By Jeffrey D. Winitsky on August 16, 2018
Positive Changes to Sewer and Water Connection Fee Laws for Redevelopment Projects

A recent change in the law now allows for all types of affordable housing development projects to get credits and reductions for sewer and water connection fees. Shareholder Jeffrey Winitsky explains. 

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