Governor Murphy Signs Bipartisan Legislation to Strengthen New Jersey’s Manufacturing Industry

nj.gov

Governor Phil Murphy today (8/13) signed A5687/S4407, creating a new $500 million tax credit program that incentivizes manufacturing investment and job creation. The Next New Jersey Manufacturing Program, which will be administered by the New Jersey Economic Development Authority (NJEDA), will encourage growth in New Jersey’s manufacturing sector by offering long-term benefits to manufacturing companies.