The New Jersey Chamber of Commerce announced that its Young Professionals (YP) Network has established a board of directors and appointed seven young leaders to serve as its inaugural members.
After warnings that the proposed 2026 state budget would contain significant cuts, at first glance, it closely mirrors those in each of our last seven years. It includes additional spending and increases in programs bolstering the “fairer” side of our economy, but once again, little assistance to the business community to enable them to generate the sustainable revenue needed to pay for everything.
Governor Phil Murphy today announced appointments to the Governor’s Economic Council. The Council will provide a regular forum for the New Jersey business community and state government leaders to discuss, collaborate, and solve issues important to the public and private sectors, with the goal of stimulating economic growth and prosperity.
Over 1,000 New Jersey business and government leaders joined the New Jersey Chamber of Commerce’s Walk to Washington & Congressional Reception last week, marking a triumphant return for the two-day event after a five-year hiatus.
The bottom line: The Walk remains the state’s premier business networking event. And in this pivotal gubernatorial election year, it also served as a powerful rallying call.
From our packed charter train to D.C. to the Congressional Reception and our highly attended gubernatorial forum, one message was clear: New Jersey’s business community is united in its commitment to building a stronger state economy at a much faster pace.
As a new presidential administration takes the helm in Washington, the nation finds itself at a pivotal economic juncture. The priorities emerging in federal discussions – supporting innovation and artificial intelligence, lowering taxes for businesses, reducing burdensome regulations, bolstering energy independence and supporting small businesses – should resonate deeply with New Jersey’s leaders. These initiatives are not partisan rallying cries; they are pragmatic solutions to the challenges that hinder economic growth and opportunity in the Garden State.
From his first day in office, Gov. Murphy talked about creating a stronger and fairer economy. Over the last seven years, in our estimation, he has created the fairest economy in the nation. However, the stronger side of the equation has had considerable less focus. Today’s speech covered a lot of initiatives to make our economy even more fair by continuing what has already transpired over the last seven years. In November’s elections, the overwhelming message from the public was that they wanted change and for government to focus on economic growth and a stronger economy. Neither of those were addressed in today’s speech. We have been saying for many, many months that our economy, and supporting business, needs to be the main focus of the administration and the Legislature. If that does not happen, the initiatives proposed by the governor will have difficulty being funded.
—Tom Bracken, President & CEO, New Jersey Chamber of Commerce