Government

Press Releases

Zwicker Bill to Boost Tech Industry, Spur Job Creation Approved by Assembly Panel

dda286cadf14461a33e4_KJJ_06212015_0813__1_.jpg
dda286cadf14461a33e4_KJJ_06212015_0813__1_.jpg

Legislation Would Incentivize Relocation of Qualified Data Centers to New Jersey

 

(SOUTH BRUNSWICK) – Legislation sponsored by Assemblyman Andrew Zwicker that would encourage businesses that specialize in processing, storing and distributing electronic data to relocate to New Jersey was released Monday by an Assembly panel.

            “In our 21st-century global economy, just about every major business relies on complex hardware and software. The facilities that house these systems can benefit from relocating to New Jersey and hiring from the state’s highly-educated talent pool,” said Zwicker (D-Hunterdon/Mercer/Middlesex/Somerset). “The state is lagging behind in this sector. By encouraging data centers to relocate, the state can take advantage of an opportunity to bring high-tech jobs to New Jersey as digital information continues to grow increasingly more essential to various industries.”

Sign Up for E-News

           The bill (A-4033) would require the New Jersey Economic Development Authority (EDA) to establish a program to provide tax credits and exemptions to qualified data centers in order to encourage the facilities to remain in or relocate to New Jersey. With multinational technology companies and social networking services like Amazon, Microsoft and Facebook rapidly expanding their existing data centers and seeking spaces for new facilities, the program will make the state more attractive to high-profile leaders in computer engineering and information technology, Zwicker said.

To qualify for the EDA program, a data center must have at least one facility in service in New Jersey, make a capital investment of at least $50 million in the state and hire at least ten full-time employees. Thereafter, in order to maintain eligibility following initial EDA approval, a data center must employ at least 50 full-time workers during the three-year period of qualification for the program. A data center would qualify for tax credits and exemptions for an extended period if it redevelops and relocates to a vacant and abandoned commercial property and employs at least 50 full-time workers for five years.   

The legislation addresses two main considerations that influence where a data center ultimately will be located – upfront construction costs and ongoing operational costs, Zwicker said.

“When modern corporate CEOs and tech leaders look for a new place to settle, the cost of IT infrastructure is a major factor,” said Zwicker. “New Jersey ranks just about last in the nation when it comes to the availability of economic development programs specifically geared toward the cloud computing and data center industries. That has to change if we want our state’s economy to be more competitive.” 

Zwicker, head of science education at the Princeton Plasma Physics Lab, noted that, just as the laboratory employs experienced physicists, its operation also depends upon workers from other sectors, such as electricians and plumbers. Likewise, opportunities available at data centers in New Jersey drawn in by the EDA program would not be limited only to IT professionals, he said.

“In addition to the direct IT jobs this legislation will create, the supporting electrical, utility and construction demands of data centers will provide good jobs for skilled workers from a variety of other disciplines,” said Zwicker.

The measure was released by the Assembly Commerce and Economic Development Committee.

 

Andrew Zwicker is an Assemblyman representing the 16th Legislative District. Assemblyman Zwicker is a PhD. physicist at the Princeton Plasma Physics Lab where he works on developing fusion energy and heads their science education program.

 

***

 

Andrew Zwicker is a New Jersey Assemblyman in Legislative District 16 which includes Delaware Township, Borough of Flemington, Township of Readington, Township of Raritan, and Borough of Stockton in Hunterdon County; Princeton in Mercer County; Township of South Brunswick in Middlesex County; and Township of Branchburg, Hillsborough Township, Borough of Manville, Millstone Borough, Montgomery Township, Borough of Rocky Hill, and Borough of Somerville in Somerset County. For more information on Assemblyman Zwicker visit [www.andrewzwicker.com].

 

***

CONTACT:  Joe Forte (732) 713-3716 for Assemblyman Zwicker email: jforte@njleg.org.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

South Brunswick-Cranbury

South Brunswick and Cranbury Police Blotter

August 9, 2017

Sponsored by Reilly's Collision Center in Monmouth Junction. Click here and scroll down for the latest updates and alerts from South Brunswick and Cranbury Police.

See the most recent messages from South Brunswick Twp Police Department, powered by Nixle.

Rutgers Takes Over New Brunswick Police Dispatch Service

June 21, 2018

NEW BRUNSWICK - Rutgers University will provide the city’s police dispatching services in a move that New Brunswick says will cut costs and put an end to dispatcher shortages that resulted in officers doing the job.

The city’s 12 current dispatchers will be laid off at the end of the day on June 30, and Rutgers will supply dispatchers as of July 1 under an agreement that city ...

New Brunswick Civic League Leader Still Looking for New Challenges After 48 Years at Helm

NEW BRUNSWICK, NJ - After 48 years of leading the charge for change in New Brunswick, Dr. C. Roy Epps can still be found quietly working on weekends in The Civic League of Greater New Brunswick offices.

The tireless commitment of the 77-year-old President and CEO of this non-profit has helped provide residents access to a variety of health, housing and education services over the ...

Couple Netted $8M from Fake Uggs, Designer Bags, Prosecutor Says

NEW BRUNSWICK, NJ - A Plainsboro couple could face charges of of selling counterfeit designer shoes and handbags, netting $8 million and sending $3 million to people in China, authorities said today.

Yan Shi, 36, and her husband, Weiping Liu, 40, were arrested Thursday and charged with first-degree money laundering and second-degree conspiracy to violate the New Jersey Trademark ...

More than the Fourth of July, Make it a Star Spangled Week in the Long Beach Island Region of NJ

June 20, 2018

STAFFORD AND LONG BEACH ISLAND - Summer 2018 starts now, so time to enjoy the beauty of the Jersey Shore. As families and friends gather for the summer holiday, there is plenty of options to assist in rounding out July 4 vacation and getaways.

With July 4 falling on a Wednesday, there are many events surrounding the holiday.

The award winning Surf and Sip Brew Trail itinerary is available ...

Applications to Rutgers Jumps Nearly 10 Percent; Increase from Out-of-State Students

NEW BRUNSWICK, NJ - Applications to Rutgers University this year increased 9.4 percent over last year, university President Robert Barchi told the Board of Governors at a meeting this week.

The university received nearly 45,000 applications this year, Barchi said.

That included a 20 percent increase in the number of students from out-side New Jersey applying to Rutgers, the university ...

Susan G. Komen North Jersey Increases Program Funding by 15% for 2018-2019 and Awards 13 Grants to 11 Local Community Non-Profit Organizations

June 21, 2018

 

Susan G. Komen North Jersey announced that it will award a total of 13 grants to 11 local community non-profit organizations in its nine-county service area for 2018-2019, with an increase in total program funding at 15% year over year. Since its founding in 1997, Komen North Jersey has awarded nearly $19 million to local community programs in nine North Jersey counties and has directed ...

The ESCNJ Offers Innovative Software To Strengthen School Transportation

   New software promising greater speed and efficiency for school transportation departments is now available through the Educational Services Commission of New Jersey (ESCNJ).

   The software is the result of a two year collaboration between the Princeton based Artha Systems, an international supplier of business management software, and the ESCNJ.

“The software ...

Watson Coleman Introduces Resolution Acknowledging the Failures of the War on Drugs

As the House prepares to vote on more than 20 bills aimed at fighting the opioid epidemic over the next two weeks, Rep. Bonnie Watson Coleman (D-NJ) announced a resolution that seeks parity in the treatment of drug use and addiction and a formal apology for the War on Drugs. H.Res. 933 expresses the sense of Congress that the War on Drugs failed, and calls out the disparate treatment of ...

Small Business Ownership vs. Entrepreneurship

Written by: Samuel K. Burlum, Investigative Reporter and author of The Green Lane, a syndicated column, Published on 6/18/2018

Tags: Business, Community, Crowdfunding, Economy, Entrepreneurship, Finance, Small Business

Source: So, which are you – a Small Business Owner or an Entrepreneur? We compare the similarities and differences between the two, so you can ...