Authorizes establishment of regional economic development partnerships.
S 2099 allows counties, municipalities, and economic development groups to form regional partnerships for joint economic planning and development. These partnerships can attract new businesses, support existing ones, redevelop areas, and share project costs. They may access loans, issue bonds (following local bond laws), and use state economic development resources, with all agreements requiring approval from the New Jersey Economic Development Authority or Local Finance Board. The bill directly affects local governments and businesses collaborating on regional economic strategies.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 30, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
1
Committee
1
Jan 30, 2025
Upper · Passed
Reported out of Senate Committee, 2nd Reading
upper
Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
upper
2 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Holly Schepisi
RRepublican
P
Troy Singleton
DDemocratic
Co
Linda Greenstein
DDemocratic
Co
Shirley Turner
DDemocratic
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