Lieutenant Governor recently signed legislation at Seafrigo USA Inc. in Elizabeth, helping restore and revise the Urban Enterprise Zone (UEZ) program, which included an appropriation of $42.5 million.

The signing was in participation with state leaders: NJEDA CEO Tim Sullivan, Gary Schaer and state senators. The legislation extends and reforms the Urban Enterprise Zone program helping stimulate economic development in New Jersey’s urban centers. The program offers participating businesses tax benefits and exemptions to spur economic development in 37 municipalities across the state.

Duvi Honig, founder and CEO of the Orthodox Jewish Chamber of Commerce, who advocates for economic development and was part of the signing ceremony, said to TLS, “It is an honor and privilege to be part of this signing event, which is focused on job creation, business development and economic investment throughout New Jersey.”

Other chambers in attendance included the New Jersey Chamber of Commerce, African American Chamber of Commerce and the New Jersey Spanish Chamber of Commerce.