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📅 Mon August 25, 2014 - Northeast Edition
TRENTON, N.J. (AP) Two New Jersey legislative committees are considering a bill that would offer tax breaks to some projects in the pipeline in the state’s poorest city.
Under proposed revisions to last year’s Economic Opportunity Act, the state would offer tax credits to owners of supermarkets in Camden as well as Atlantic City.
The annual break would be $500 to $5,000 per full-time worker, depending on the location of the store.
The new renaissance schools coming to Camden would also qualify for tax breaks under the bill.
The first of the new kind of school is under construction now. It is being funded partly by the foundation of the family of Democratic powerbroker George Norcross.