
New Jersey has all the ingredients to be one of the most competitive states in the nation. We have a highly educated workforce, world-class universities, a strategic location, a thriving innovation economy and access to some of the world’s largest markets.
What we need now is a bold economic growth strategy that leverages those assets, challenges the status quo and restores New Jersey’s reputation as a premier destination for business investment and job creation. Just as importantly, that strategy must create economic opportunities across every sector of our economy.
As we await the Sherrill administration’s economic development plan, we have an opportunity to set a new course for our state. But the plan must be more than a collection of promising ideas. It must establish ambitious, measurable objectives, realistic strategies, clear accountability and, most importantly, a sense of urgency.
The Sherrill administration should have delayed New Jersey’s new independent contractor regulations. Allowing them to take effect today creates unnecessary uncertainty for businesses and independent contractors across the state.
The New Jersey Chamber of Commerce, NJBIA and other business organizations urged the administration to delay implementation until July 2027 to allow time to address serious concerns with the rules. The regulations change how the state applies its already-strict “ABC test” for determining whether a worker can be classified as an independent contractor, potentially making it more difficult to maintain legitimate independent-contractor relationships.
New Jersey is competing every day for companies, jobs and investment. Two recent developments should be a wake-up call for policymakers — and reinforce why improving our business competitiveness must remain a top priority.
Burlington Stores recently announced it will move its longtime corporate headquarters from Burlington Township to Philadelphia.
This is more than another corporate relocation. Burlington was founded in New Jersey in 1972, carries the name of a New Jersey community, and county, and has called the Garden State home for more than five decades.
Now, the Fortune 500 retailer plans to invest approximately $370 million in a new Philadelphia headquarters, with the project expected to support at least 2,000 jobs over five years.
New Jersey has a great deal to be proud of – and an equally important opportunity in front of us.
According to WalletHub’s 2026 Best States to Live In report, New Jersey ranks as the No. 2 best state to live in America, finishing just behind Idaho. That recognition speaks to many of the strengths we know well: our outstanding schools, talented workforce, quality communities, strategic location and the many assets that make New Jersey an exceptional place to live, work and raise a family.
But another recent ranking tells a very different – and concerning – story.
The New Jersey Chamber of Commerce announced today that it will honor 10 exceptional women who have used talent and hard work to create economic opportunities and help make New Jersey a better place to live and work. The women will be recognized at the 2026 Women of Inspiration Awards Reception, on Oct. 22, at The National Conference Center in East Windsor.
In a recent column, BINJE Editor Tom Bergeron wrote that with the FIFA World Cup behind us and the Fiscal Year 2027 state budget now signed into law, it’s time for New Jersey to shift its focus to what will ultimately determine our state’s long-term success: building a stronger, more competitive economy.
I couldn’t agree more.
We cannot afford to accept the status quo. The choices we make today will determine whether New Jersey becomes more competitive and prosperous – or continues to fall behind other states.