- 2022-06-13
- ROI-NJ Op-Ed
When the New Jersey Chamber of Commerce hosted a ReNew Jersey Business Summit & Expo in Atlantic City in April, more than 600 business and political leaders came together to discuss ways to revitalize New Jersey’s economy.
The summit came at an opportune time, because, right now, New Jersey is staring at an $11 billion revenue windfall, thanks to the $3 billion in unspent American Rescue Plan money combined with the state Treasury’s announcement that tax revenue over the next 14 months is projected to be nearly $8 billion more than originally projected.
- 2021-11-23
- ROI-NJ Op-Ed
Last week, President Joe Biden signed into law the landmark infrastructure legislation that is scheduled to send about $13 billion to New Jersey to help fix and upgrade our roads, bridges, mass transit, sewer and water piping and high-speed internet networks.
This infusion of money will go a long way toward kick-starting New Jersey’s economy.
Now, with the Legislature back in session, it is time for our state leaders to double down on Congress’ infrastructure investment in New Jersey by releasing a substantial portion of the reported $4 billion remaining in the American Rescue Plan relief fund to help our many struggling businesses get back on their feet.
- 2021-10-13
- ROI-NJ Op-Ed
New Jersey and the nation were close to a massive victory in Washington, D.C. Two weeks ago, the House of Representatives, with support from Democrats and Republicans, was about to give final approval to an infrastructure bill that would send long-delayed money — billions of dollars — to states and towns across America to fix crumbling roads, bridges and mass transit systems.
What did we get instead?
The same thing we get on our roads and at our train stations: Delays. Gridlock. Frustration.
- 2021-08-24
- NJ Advance Media for NJ.com
New Jersey’s gasoline tax will drop 8.3 cents to 42.4 cents a gallon on Oct. 1 after drivers were forced to pay more at the pump a year ago, state officials announced Tuesday.
- 2021-08-20
- ROI-NJ Op-Ed
New Jersey employers have been dealing with many distinct crises during the COVID-19 pandemic, including government-mandated shutdowns, a labor shortage as the economy reopens, the ongoing need for financial resources and, now, uncertainty as the Delta variant and perhaps other variants loom.
- 2021-06-23
- ROI-NJ
Tom Bracken will rattle off a list of positives in the we’ll-never-have-this-much-money fiscal year 2022 budget. Money to help unpaid utility bills and rent … money to reduce some debt … money to help veterans and seniors … money to help with child care, which government officials have finally realized is a big key to having a solid workforce.
- 2021-05-26
- ROI-NJ Op-Ed
For months, the New Jersey Chamber of Commerce and the state’s business community have been urging Gov. Phil Murphy to reopen the state, where justified by the medical metrics, and let the flow of commerce help rebuild our economy.
Now that we are on the verge of a full reopening, we should remember there are still significant issues to address before this race is won.
- 2021-05-24
- ROI-NJ
Kim Hanemann will take over as president of Public Service Electric & Gas on June 30, becoming the first women to run the state’s largest utility in its 118-year history, the company announced Monday morning.
- 2021-05-10
- ROI-NJ
PSEG to be honored as Public Company Board of the Year by N.J. chapter of NACD
Ralph Izzo, the longtime chair and CEO of Public Service Enterprise Group, admits his mindset regarding those positions has evolved over time.
- 2021-03-11
- ROI-NJ
The New Jersey Chamber of Commerce is asking Gov. Phil Murphy and the Legislature to use a chunk of New Jersey’s discretionary aid to fund additional grants and loans to businesses in New Jersey that are struggling to survive the pandemic.
The ask starts at $500 million, Michael Egenton, executive vice president-government relations at the chamber, said during his testimony Wednesday to the Assembly Budget Committee.