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The tax credit program is intended to aid investment in distressed areas.
It dropped the suit after New Jersey created another tax credit program for suburban developers.
The site also qualifies for the New Jersey Urban Transit Hub tax credit program.
This tax credit program could reinforce goals other than economic growth.
He said the studio's investors received assistance from the Treasury Department to qualify for a federal tax credit program.
Despite its success, the tax credit program has not by itself kept pace with the burgeoning need.
Similar(11)
As a state senator, Obama became an advocate of the tax-credit program.
"The tax-credit program provides the strongest incentives the state has ever made," he said.
The mass-transit access is what made the Theater Square project eligible for the state tax-credit program.
Nearly all the affordable rental housing in this country is built through the low-income tax-credit program.
Yet Ari Hovnanian, the chief executive, recently acknowledged that the federal tax-credit program had not bolstered sales as much as the company had hoped.
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