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.
High taxes/high cost-of-living remains the single biggest obstacle to a full-blown economic recovery in New Jersey, say members of the State Chamber of Commerce in the Baker Tilly - New Jersey Chamber of Commerce Spring 2015 Economic Outlook Survey.
High taxes/high cost-of-living remains the single biggest obstacle to a full-blown economic recovery in New Jersey, say members of the State Chamber of Commerce in the Baker Tilly - New Jersey Chamber of Commerce Spring 2015 Economic Outlook Survey.
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.
Even with half of the year in the books, many small business owners wait until December or January to assess their business and identify ways to improve its financial performance. Yet making time in June or July for a mid-year check-in – when you have a good idea of your business’ needs – may be one of the best times to help your business save time and money, and operate more efficiently in the long run.
The deal Thursday to bring more than 2,000 bank jobs to New Jersey from New York City began last year with a phone call.
Last fall, New York City Mayor Bill de Blasio rejected the entreaties of J.P. Morgan Chase& Co. to move its headquarters to the far West Side of Manhattan in exchange for hundreds of millions of dollars in tax breaks. The Democratic mayor called the company's subsidy request "a nonstarter."
Donna Custard has been named president of the New Jersey Chamber of Commerce Foundation, replacing Dana Egreczky who retired from that position on June 30.
Science fiction and the role it played in inspiring some of the world's most groundbreaking innovations will be the theme of the New Jersey Chamber of Commerce's second annual Innovation Gala (iGALA 2.0) on Oct. 26, 2015 at The Palace in Somerset.