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Assembly Commerce and Economic Development Committee Statement, No. 3571, State of New Jersey (March 9, 2026)

Summary

An Assembly Commerce and Economic Development Committee statement to the Assembly of the State of New Jersey, dated March 9, 2026, reporting Assembly Bill No. 3571 favorably. As reported, the bill authorizes local governmental entities to enter into regional economic development partnerships for joint regional economic planning and formulating an economic development or redevelopment strategy. Such partnerships may include any combination of county governments, municipal governments, agencies or instrumentalities thereof, and public or private economic development organizations. They may also include businesses, business organizations, educational institutions, and nonprofit organizations.

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“Assembly Commerce and Economic Development Committee Statement, No. 3571, State of New Jersey (March 9, 2026).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2026-03-09-ace-a3571-s1-6f6345149f/, SHA-256 e766e5199822f5d92d14f51b21c594bd7ef4029452da967411376e51f55f11c3.

Full text

ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT
                COMMITTEE

                           STATEMENT TO

                      ASSEMBLY, No. 3571

       STATE OF NEW JERSEY
                            DATED: MARCH 9, 2026

          The Assembly Commerce and Economic Development Committee
      reports favorably Assembly Bill No. 3571.
          As reported, this bill authorizes local governmental entities to enter
      into regional economic development partnerships for the purpose of
      engaging in joint regional economic planning and formulating an
      economic development or redevelopment strategy. Under the bill,
      regional economic development partnerships may include any
      combination of county governments, municipal governments, agencies
      or instrumentalities thereof, and public or private economic
      development organizations.         A regional economic development
      partnership may also include businesses, business organizations,
      educational institutions, nonprofit organizations, and other entities
      located within the region.
          This bill was prefiled for introduction in the 2026-2027 session
      pending technical review. As reported, the bill includes the changes
      required by technical review, which has been performed.

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