For the past several months the mega-entertainment extravaganza project in the Meadowlands called American Dream, which used to be known as Xanadu, has been financially stalled. But now there's word it could soon be revived.
Legislation designed to encourage small businesses to hire those who have been out of work for 30 or more days by providing them with a credit on their payroll taxes has been approved by the State Senate Labor Committee. Senate President Steve Sweeney is one of the bill's sponsors.
A resolution sponsored by Assembly members Annette Quijano, Wayne DeAngelo and Reed Gusciora urging Congress to establish tax incentives for businesses returning and maintaining jobs in the U.S has received final legislative approval.
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