By Scott Goldstein, Communications Manager, N.J. Chamber of Commerce
New Jersey Chamber of Commerce President and CEO Tom Bracken, delivering testimony this morning in front of the Assembly Budget Committee, said the proposed $56 billion state budget would inflict damage on New Jersey’s economy and its reputation as an improving destination to run a business. Bracken primarily took aim at what he called a “punitive and egregious” 2.5% Corporation Business Tax hike on the state’s biggest employers.
A plan to raise the state’s per-gallon gas tax by 1.9 cents per year over five years to fund the state highways, roads, bridges and other infrastructure projects has garnered the approval of the New Jersey Chamber of Commerce.
I hope this is a nightmare that isn’t true.
We have been preaching that New Jersey needs to become more affordable, more business friendly and more competitive. Now we are shocked that there is talk of reinstituting higher taxes on businesses less than three months after the 2.5% Corporation Business Tax (CBT) surcharge expired.
#ReNewJersey
The New Jersey Chamber of Commerce announced today that Gov. Phil Murphy, Johnson & Johnson Chairman & CEO Joaquin Duato and Jersey Mike’s CEO & Founder Peter Cancro will be keynote speakers at its annual ReNew Jersey Business Summit & Expo on March 26 and 27 at Harrah’s Atlantic City. The two-day, in-person Summit features over 900 attendees, 50 speakers, 15 sessions on the state economy and 100 exhibitors showcasing their products and services.
The New Jersey Chamber of Commerce enthusiastically congratulates Gov. Phil Murphy, New York City Mayor Eric Adams and the entire New Jersey and New York team involved in bringing the FIFA World Cup 26™ Final to MetLife Stadium on July 19, 2026.
This is a once-in-a-lifetime opportunity to showcase the assets and capabilities of our state. New Jersey has hosted the Super Bowl, NCAA Tournament games, WrestleMania – and this will be the biggest event of them all, projected to bring more than 1 million visitors to our doorstep. The New Jersey and New York metropolitan area is one of the biggest and most diverse regions in the world, and we are a perfect host for the world’s biggest game.
The recent release of a state Disparity Study by the Murphy administration has shed light on a longstanding issue in Trenton – the inequities in public contract opportunities for minority-, veteran-, and women-owned businesses in New Jersey. Examining five years of procurement data across goods and services, professional services, and construction, the 221-page report confirms what many already knew: A significant disparity exists.