Spearheaded by the New Jersey State Chamber of Commerce, an economic summit has been scheduled for Sept. 17 and 18 at the Borgata Hotel, Casino and Spa in Atlantic City.
Members of Gov. Chris Christie’s Administration, legislators, non-profit groups, trade associations and academia have been invited to participate. The purpose of the summit is to look for ways to grow New Jersey’s economy.
Annual survey of business professionals shows they have a lot more on their minds than taxes -- starting with roads, bridges, and mass transit
Roughly a third of New Jersey Chamber of Commerce members say New Jersey’s high cost of living and tax structure continues to be the “single biggest obstacle” in the way of the state making a full economic recovery, according to a new survey released Tuesday.
The New Jersey Chamber of Commerce's biannual Baker Tilly Spring Economic Outlook Survey brings grim news for the state's lagging employment prospects: Fourteen percent of those surveyed said they were currently considering moving their businesses out of New Jersey. Ten of the 14 business leaders considering relocating their businesses blamed high taxes or high cost of living as their reason. Just four cited opportunities elsewhere. "It is no surprise that high taxes are at the top of the list," said Tom Bracken, president and CEO of the New Jersey Chamber of Commerce. "New Jersey-based corporations pay a 9.4 percent tax rate, one of the highest in the country. Despite that, some in the state Legislature last month proposed increasing the corporate tax rate again to 10.75 percent. We fought hard against it and thankfully Gov. Christie vetoed it."
First and foremost, state officials should cut taxes or just generally make it less expensive to live in New Jersey, according to results of a new survey of business executives released Monday.
Born and raised in Montclair, astronaut Buzz Aldrin will be honored this autumn by the New Jersey Chamber of Commerce during its second annual Innovation Gala.
Richard S. Mroz, president of the state Board of Public Utilities since 2014, discussed New Jersey's Energy Master Plan and… Read More