New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 120 - URBAN ENTERPRISE ZONE AUTHORITY
Subchapter 1 - URBAN ENTERPRISE ZONE PROGRAM
Section 5:120-1.7 - Good faith waiver
Current through Register Vol. 56, No. 18, September 16, 2024
(a) If the UEZA determines that an applicant for qualified business status or a previously qualified business is unable in good faith to meet the definition of qualified business (see 5:120-1.2) because an insufficient number of persons satisfying the criteria of 52:27H-62(c)(1), (2), and (3), and the workforce requirements of the business are available within the business's geographical area, the UEZA, in its discretion, may reduce the requirement below the 25 percent factor for that business conditioned upon the agreement of the business to implement any one or more of the below-listed actions. Good faith shall include: a letter on the business' letterhead describing the position (including: type of position, salary, job description, number of positions available, list attempts and means business used to fill position locally, results of business' efforts), proof of advertisement for the position(s), a request to New Jersey Department of Labor and Workforce Development for assistance, and such other evidence to support an effort to hire so as to satisfy the 25 percent factor.
(b) In determining the extent that a zone business shall be required to implement, sponsor, or fund any of the activities set forth under (a) above, the UEZA shall take into account the business's size as reflected in the number of employees normally, seasonally and currently employed by the business. To determine whether a business has satisfied the 25 percent factor (as defined in 5:120-1.2) , the following business and employment size criteria shall be utilized:
(c) Any good faith waiver granted by the Authority may be suspended, revoked, abridged or otherwise reduced by the Authority upon a showing of good cause by the Administrator. Good cause as used in this subsection shall include economic circumstances of the zone or State which impacts the good faith waiver.