N.J. Admin. Code § 5:120-1.6

Current through Register Vol. 56, No. 24, December 18, 2024

Section 5:120-1.6 - Zone business benefits eligibility

(a) Qualified businesses within a zone shall be eligible to receive all benefits provided for under the Act as approved by the UEZA for the specific zone.

(b) The UEZA, in determining whether a business shall be approved as a qualified business, shall:

1. Review data compiled by the United States Department of Labor and New Jersey Department of Labor and Workforce Development and private industry councils created under the Federal Job Training Partnership Act, and any other relevant sources, which bears on the availability to the business, in the area in which it is or will be located, of potential employees who meet the criteria set forth in N.J.S.A. 52:27H-62(c)(1), (2), or (3); and

2. At the time the business applies for qualified business designation under N.J.S.A. 52:27H-62(c), review the business' employee turnover experience for one year in the instance of certification and three years in the instance of recertification preceding its application and estimate the number of new positions to be created by the business during the three years after the date of its certification application or recertification application, whichever is appropriate.

N.J. Admin. Code § 5:120-1.6

Recodified from N.J.A.C. 5:120-1.5 and amended by R.2009 d.331, effective 11/2/2009.
See: 41 N.J.R. 2372(a), 41 N.J.R. 4071(b).
In the introductory paragraph of (b), inserted commas following "UEZA" and the second occurrence of "business"; and rewrote (b)2. Former N.J.A.C. 5:120-1.6, Good faith waiver, recodified to N.J.A.C. 5:120-1.7.