New Jersey § 34:1b-127

§ 34:1b-127.

a. A business may apply to the authority for a grant for any project which: (1) Will create at least 25 eligible positions in the base years; or (2) Will create at least 10 eligible positions in the base years if the business is

an advanced computing company, an advanced materials company, a biotechnology company,

an electronic device technology company, an environmental technology company, or a

medical device technology company. b. In the case of a business which is a landlord, the business may apply to the authority

for a grant for any project in which at least 25 eligible positions are created in

the base years. c. A project which consists solely of point-of-final-purchase retail facilities shall

not be eligible for a grant under P.L.1996, c. 26 ( C.34:1B-124 et seq. ) . If a project consists of both point-of-final-purchase retail facilities and non-retail

facilities, only the portion of the project consisting of non-retail facilities shall

be eligible for a grant, and only the withholdings from new employees which are employed

in the portion of the project which represents non-retail facilities shall be used

to determine the amount of the grant. If a warehouse facility is part of a point-of-final-purchase retail facility and

supplies only that facility, the warehouse facility shall not be eligible for a grant. For the purposes of P.L.1996, c. 26 ( C.34:1B-124 et seq. ) , catalog distribution centers shall not be considered point-of-final-purchase retail

facilities. d. (1) If an application under P.L.1996, c. 26 ( C.34:1B-124 et seq. ) has been received by the authority prior to the effective date of the “New Jersey

Economic Opportunity Act of 2013,” P.L.2013, c. 161 ( C.52:27D-489p et al.), and, to the extent that there remains sufficient appropriations for grant

issuance, then the authority is authorized to consider the application and to make

a grant to an eligible applicant, provided that the authority shall take final action

on that grant no later than December 31, 2013. (2) A business shall apply for a grant under the Business Employment Incentive Program

prior to the effective date of the “New Jersey Economic Opportunity Act of 2013,” P.L.2013, c. 161 ( C.52:27D-489p et al.), and shall submit its documentation for approval of a grant no later than

90 calendar days after the effective date of the “New Jersey Economic Opportunity

Act of 2013,” P.L.2013, c. 161 ( C.52:27D-489p et al.). (3) If a business has submitted an application under P.L.1996, c. 26 ( C.34:1B-124 et seq. ) and that application has not been approved for any reason, the lack of approval

shall not serve to prejudice in any way the consideration of a new application as

may be submitted by a business for the provision of incentives offered pursuant to

the “New Jersey Economic Opportunity Act of 2013,” P.L.2013, c. 161 ( C.52:27D-489p et al.).