NJ S1346

Reduces by 50% the minimum number of manufacturing jobs required to qualify for New Jersey Economic Development Authority (NJEDA) financing and incentive programs, while maintaining current thresholds for non-manufacturing positions

Lowers eligibility thresholds for the sales and use tax exemption program to 125 full-time manufacturing jobs (down from 250) for life science or manufacturing companies relocating to new business locations

Reduces GROW NJ program job creation/retention requirements to 5 new or 13 retained manufacturing jobs for technology startups and manufacturing companies, compared to 10 new or 25 retained non-manufacturing jobs

Modifies "mega project" definitions to require 125+ manufacturing jobs or 250+ non-manufacturing jobs (with $20 million+ capital investment) or 500+ manufacturing jobs or 1,000+ non-manufacturing jobs

Lowers Urban Enterprise Zone manufacturers energy sales tax exemption requirements from 250 employees (50% in manufacturing) to 188 employees (33% in manufacturing)