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ACTING GOVERNOR OLIVER SIGNS LANDMARK URBAN ENTERPRISE ZONE REFORM BILL
08/16/2021
ELIZABETH – Acting Governor Sheila Oliver signed into law today the Urban Enterprise Zone (UEZ) Reform Bill (A5580/S3600). The legislation restores and revises the UEZ Program and appropriates $42.5 million in Zone Assistance Funds (ZAF) for FY22, bringing the program back to full operation after having been without a funding source for more than ten years.

“The UEZ Program helps support the local economy, particularly in our urban centers,” said Acting Governor Sheila Oliver, who also serves as Commissioner of the Department of Community Affairs (DCA) and will now be the Chair of the UEZ Authority. “I am excited to sign this legislation today restoring UEZ funding, especially as many of these cities and businesses located in the designated communities continue to recover from the pandemic. Starting today, the UEZ Program will be an essential part of the state’s economic recovery strategy.”

For full release, go to: www.nj.gov/governor/news