Assembly Republican Press Release -
Monmouth County Assemblywoman Caroline Casagrande is continuing to make job creation and economic growth her top priorities as New Jersey transitions from summer into the fall.
“It is not acceptable that a state as great as New Jersey, with as much as we have to offer, continues to lag behind in these important areas,” stated Casagrande, R- Monmouth.
Casagrande believes fresh ideas are needed to continue New Jersey’s economic rebound. She has introduced a bill to establish a small business job creation and preservation account program to incentivize small business workforce expansion in New Jersey.
“The legislation allows taxpayers to earn tax-free interest on account balances that are used to create or preserve full-time jobs,” said Casagrande.
The bill, A-3573, limits the program to small businesses independently owned and operated; are not dominant in their field; employ no more than 100 workers; and have no record of a state tax assessment associated with fraud or negligence.
“It is my hope this bill will be taken up as swiftly as possible in our Legislature,” continued Casagrande. “I believe this legislation will spur other ideas to generate economic vitality and put our residents back to work,” added Casagrande.