On March 26, at the New Jersey Institute of Technology in Newark, New Jersey Chamber of Commerce President & CEO Tom Bracken delivered testimony before the Senate Budget and Appropriations Committee, warning that Governor Murphy’s proposed $58.1 billion budget—New Jersey’s largest ever—fails to address the state’s fragile economic future.
The past months have been marked by unprecedented economic uncertainty – globally, nationally, and right here in New Jersey. Businesses thrive when they can plan for the future with confidence, yet today’s economic climate is inherently unpredictable. From inflationary pressures to tariff wars, executives across industries are grappling with challenges that make long-term investment and expansion difficult.
In short, there’s an old truism: Uncertainty stifles prosperity.
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.