For Atlantic County, the third time is the charm.
After nearly two years and two vetoes from the Governor’s Office, the bill to establish state tax incentives for the county’s aviation district within a one-mile radius of the Atlantic City International Airport was signed into law Wednesday.
The bill, sponsored by Chris Brown and Jeff Van Drew in the state Senate and John Armato and Vince Mazzeo in the Assembly, is a major win for the county’s efforts to establish an aviation industry and diversify the economy.
The incentives fall under the Grow New Jersey Program, which is set to expire in July 2019. The county plans to move quickly to bring in businesses.
“We couldn’t be more excited about the advantage these incentives provide,” Lauren H. Moore Jr., executive director of the Atlantic County Economic Alliance, said in a statement. “This enables us to aggressively market and attract companies across all aviation sectors.”