New Jersey S1944 authorizes the establishment of regional economic development partnerships.
New Jersey S1944 allows county governments, municipal governments, and other entities to form regional economic development partnerships. These partnerships aim to engage in joint regional economic planning and develop economic development or redevelopment strategies. They can include businesses, educational institutions, and nonprofit organizations within the region. Partnerships can register with the New Jersey Economic Development Authority and utilize its resources. They may also be eligible for loans, bonds, and matching grants to support their activities.
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