When your Chevy gets a flat tire, you’re not happy, but you don’t throw out the car, you repair the tire. Yet, if Governor Christie were your mechanic, he would not only sell your entire car, but give the money to one of his friends to help buy a Lamborghini. That’s the analogy that fits the Governor’s approach to the highly successful Urban Enterprise Zone (UEZ) program.
The UEZ program has been in effect in New Jersey for three decades. Started under Governor Kean, it provides incentives for the establishment and operation of businesses in challenging urban areas. The money spent in providing these incentives has provided returns many times over. Yet, Governor Christie has announced that he is ending the program on June 30 and will use the funds to once again help balance the state’s budget on the backs of those who can least afford it.
Assemblyman Albert Coutinho chaired a session of the Commerce and Economic Development Committee this afternoon to hear testimony on the UEZ program and the impact of the governor’s axe.