By: Ted Zangari and Cecilia I. Lassiter
NJ has long offered out-of-state companies financial incentives to relocate to the state. Now, the state has taken that effort a step further with a pilot program designed to incentivize out-of-state businesses to re-assign those employees who are NJ residents but work outside the state, to an office space located in NJ.
The enabling legislation is awaiting enactment by Gov. Murphy but here’s our early take on how the program will work: