Establishes "Comprehensive State Plan for Economic Development."
Impact
If enacted, A3101 would bring significant changes to the state laws regarding economic development. The bill seeks to centralize the approach to economic strategies, potentially impacting local governments by streamlining initiatives across the state. The plan's focus on comprehensive analysis and statewide implementation underlines an integrated approach to economic issues, highlighting the importance of collaboration with federal, local governments, and private entities. This may foster a more robust regulatory landscape for businesses to operate within.
Summary
Assembly Bill A3101 aims to create a 'Comprehensive State Plan for Economic Development' that will articulate New Jersey's objectives, strategies, and vision for fostering economic growth. The bill mandates the Secretary of State to prepare this plan every five years, requiring an in-depth analysis of current and future economic indicators while identifying sectors with high potential for growth. This strategic initiative is expected to facilitate business expansion, attraction, and relocation efforts in New Jersey, thus potentially boosting the state's economy.
Contention
Notable points of contention may arise regarding the balance between state and local economic initiatives. Opponents could argue that a centralized state plan may undermine local efforts that address community-specific needs. The engagement of diverse groups, including women, veterans, and minorities, as stipulated in the bill, may face skepticism on whether the strategies proposed are adequate and actionable. Additionally, stakeholders may question the effectiveness of public hearings required in the bill for feedback, as these discussions could be overshadowed by larger state-level agendas.
Requires State Planning Commission to adopt model ordinance for siting certain warehouses and permits conforming updates to municipal master plans and zoning ordinances and establishes fund in DCA; appropriates $5 million.
Requires State Planning Commission to adopt model ordinance for siting certain warehouses and permits conforming updates to municipal master plans and zoning ordinances and establishes fund in DCA; appropriates $5 million.
To require the Secretary of Defense to develop a strategy to increase membership in the Comprehensive Security Integration and Prosperity Agreement, and for other purposes.