New Jersey BEIP Funding Finally Addressed

On January 11, 2016, the solution for which many New Jersey  businesses had been waiting finally arrived.  Governor Christie signed the bipartisan P.L. 2015, c. 194 into law, permitting the voluntary conversion of outstanding Business Employment Incentive Program (BEIP) grant commitments into refundable tax credits.  Under the law, a business approved for a BEIP grant that chooses to pursue this opportunity has 180 days following enactment (by July 11, 2016) to direct the EDA to convert the grant to a ...
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