BEIPBusiness Employment Incentive Program (New Jersey)
BEIPBucharest Early Intervention Project
BEIPBasic Education Improvement Project (various locations)
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BEIP Phase-II would be a three year programme with the aim to improve educational standard and facilities in the Khyber Pakhtunkhwa province.
The BEIP bonds are in conjunction with the state's companion economic development grant program for designated industries (DIEP).
The BEIP study contributes to a growing body of research linking early adversity with early shortening of telomeres.
Nonetheless, the state is bonding what was previously a cash funded program, and as such, its debt service obligation for over $375 million of authorized BEIP and DIEP bonds will continue even if the economic benefits do not.
Many tenants' decisions to come to or remain in New Jersey have been based in some part on the BEIP (Business Employment Incentive Program).
He added, "The reinstatement and improvement of the BEIP program, announced yesterday by Governor McGreevey, will only further the prospects of Harborside and the waterfront.
In addition, CB Richard Ellis' negotiation of a favorable incentives package through the BEIP grant was critical in attracting Viewpointe to the New Jersey market," added Mr.
Crucial to securing the deal were a BEIP grant from the New Jersey EDA and reduced property taxes that came as a result of a redevelopment zone designation by Delanco Township, both of which were facilitated by Binswanger/CBB.
Lured by a $64 million BEIP grant, Verizon chose New Jersey over Virginia and has plans to extensively renovate the new complex--which will reopen as Verizon Center --and to begin moving 2,800 employees here by year's end.
Under the BEIP, annual incentive grants for up to 10 years may be approved for 10 percent to 80 percent of the total amount of state income taxes withheld by a business for new employees hired during the year.
There have been 35 BEIP grants executed this year with companies planning to locate or expand in New Jersey.
Since the program began in 1996, 272 companies have finalized BEIP agreements with the EDA for grants having an estimated value of more than $453 million.