New Jersey S2748 allows political subdivisions to require developers receiving over $100,000 in economic development subsidies to enter community.
New Jersey S2748 authorizes political subdivisions to condition the grant of economic development subsidies over $100,000 on the grantee's promise to enter into a community benefits agreement. These agreements require developers to make specific contributions for the benefit of the community, including local hiring, area wage and benefits standards, and engaging local businesses.
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