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.

Bracken criticized the continued trend of increased spending without sustainable revenue growth, citing declining corporate business tax revenues as a key indicator of an underinvested business community. He pointed to proposed tax hikes on online gaming, logistics, real estate, and cannabis, as well as budget cuts to economic development agencies and higher education, as measures that will stifle business growth rather than stimulate it.

“Our economy and business growth need to become a priority,” Bracken stated. “Let’s give our next governor a head start by eliminating new taxes and reversing budget cuts to vital departments and higher education.”

Bracken urged lawmakers to shift their focus toward making New Jersey a more affordable and competitive place to do business, warning that failure to act will only deepen the state’s economic challenges in the years ahead.

Click here to read the full testimony.

News Releases

Wednesday, March 26, 2025
On March 26, at the New Jersey Institute of Technology in Newark, New Jersey Chamber of Commerce President & CEO Tom Bracken...
Wednesday, March 12, 2025
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Friday, February 21, 2025
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Wednesday, February 19, 2025
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Friday, January 31, 2025
Special Guests include Gov. Murphy, U.S. Sens. Booker and Kim, Congressman Smith, New Jersey’s Congressional Delegation and...
Tuesday, January 14, 2025
From his first day in office, Gov. Murphy talked about creating a stronger and fairer economy. Over the last seven years, in...
Monday, January 06, 2025
The New Jersey Chamber of Commerce is deeply disappointed by the implementation of congestion pricing in Manhattan, which went...
Wednesday, January 01, 2025
The New Jersey Chamber of Commerce Board of Directors on December 12 elected six new board members. These accomplished...
Friday, November 29, 2024
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Media Contacts

Scott Goldstein
New Jersey Chamber of Commerce
scott@njchamber.com
609-989-7888 x113
Cell: 609-220-0836


Kevin Friedlander
New Jersey Chamber of Commerce
kevin.friedlander@njchamber.com
609-789-5263


2025 NJ Chamber Events

Apr 3
Business Roundtable Series
Briefing: The Impact of the Trump Administration’s First 100 Days on Business
  • Neil Bradley
    Senior Vice President & Chief Policy Officer, U.S. Chamber of Commerce
Where: Virtual Briefing
When: 9 a.m. - 10 a.m.
Apr 17
Networking
Member Mixer
Where: Control Point Associates, Warren
When: 5:30 p.m. - 8 p.m.
Free to members
Apr 23
Young Professionals Event
Networking & Baseball: Brooklyn Cyclones at Jersey Shore BlueClaws
Where: ShoreTown Ballpark, Lakewood
When:  6 p.m. - 9 p.m.
Free to participate. Open to all young professionals.
May 1
NJM Small Business Series
Marketing on a Shoestring Budget in 2025
Where: Virtual Event
When: 9 a.m. - 10 a.m.
Free to participate
May 19
14th Annual
NJ Chamber Challenge Cup Golf Tournament
Where: Bedens Brook Club, Skillman
Shotgun Start: noon
May 21
Business Roundtable Series
Breakfast with Speaker Craig Coughlin
Where: National Conference Center, East Windsor
When: 8:15 a.m. - 10:15 a.m.
$55 member | $75 non member
Jun 12
28th Annual
NJ Chamber Open House and Reception
Where: New Jersey State Museum, Trenton
When: 4 p.m. - 7 p.m.
Jul 16
Young Professionals Event
Networking Mixer
Where: CGI, New Brunswick
When:  5:30 p.m. - 8 p.m.
Free to participate. Open to all young professionals.
More information coming soon
Sep 18
Networking
Women of Inspiration Awards Reception
Where: National Conference Center, E. Windsor
When: 5 p.m. - 8:30 p.m.
More information coming soon
Sep 25
Networking
Member Networking Breakfast
Where: New Jersey Audubon, Bernardsville
When: 9 a.m. - 10:30 a.m.
Free to members
More information coming soon
Oct 22
NJ Chamber Legislative & Business Awards Reception
Where: EisnerAmper, Iselin
When: 5 p.m. - 8 p.m.
More information coming soon
Nov 6
DE&I Trailblazer Awards Reception
Co-Hosted by African American Chamber of NJ and NJ Chamber
Where: Pines Manor, Edison
When: 5:30 p.m. - 8 p.m.
More infomrmation coming soon
Dec 11
Networking
Annual Member Holiday Party
Where: Calandra's Italian Village, Caldwell
When: 5 p.m. - 8 p.m.
Free to members
More information coming soon

2026 NJ Chamber Events

Mar 24-25
ReNew Jersey Business Summit & Expo 2026
Where: Harrah's Atlantic City
When: Full day event
Note: The Walk to Washington will return in 2027