Richard Mroz has taken over as president of the New Jersey Board of Public Utilities at a critical juncture - as the state, the nation and the world explore a new course for clean, reliable and affordable energy.
"We are at a point - the industry, regulators, grid operators - where we are determining what kind of facilities will be developed and what kind of support government will provide," Mroz said during a New Jersey Chamber of Commerce Breakfast Roundtable in Monroe on Dec. 9. "We have to do the right planning to find the right mix of resources."
It took about a minute for Assembly Speaker Vincent Prieto and his Republican counterpart, Assembly Republican Leader Jon Bramnick, to find something on which to agree: The state needs to find ways to generate revenue - to the tune of hundreds of millions per year - to maintain and improve New Jersey's highways, bridges and mass transportation.
Two days after JPMorgan Chase said it had dropped plans to build two new office towers for $6.5 billion in midtown Manhattan, reportedly because New York City refused the company’s request for tax breaks, New Jersey’s economic development team sprang into action.
A letter from Lt. Gov. Kim Guadagno, Governor Christie’s jobs czar, went out to 275 financial services companies in New York and Philadelphia, touting the "benefits of investing in New Jersey."
New Jersey Chamber of Commerce Cornerstone members heard an exclusive presentation Nov. 7 by Lt. Gov. Kim Guadagno, and participated in sit-down meetings with members of Gov. Chris Christie's cabinet and senior staff to discuss ways to improve New Jersey's economy. Topics included: Expanding the economy, growing jobs, streamlining regulations, the state budget, improving the transportation infrastructure and pension reform.
Each day, millions of New Jerseyans travel the state’s rundown roads and drive across its crumbling bridges and trestles. They sit in traffic because streets are closed, are late for work because buses break down and spend hours stuck in terminals because there are not enough mass transit options. On June 30, 2015, less than a year from now, the state’s Transportation Trust Fund (TTF) will officially run out of money to fix any of these problems. Without identifying a solution to the crisis, we are putting our safety and livelihoods at risk.
Whether it was the drone flying in the ballroom, the avatars of Thomas Edison and Albert Einstein serving as co-masters of ceremonies, or the digital caricature artists providing sketches of the guests, there was much to remember from the New Jersey Chamber of Commerce's Oct. 27 Gala commemorating the state's 350th anniversary and its rich legacy of innovation.
State political leaders sat opposite business leaders this morning over breakfast to discuss some of the state economy's most pressing issues. Number one, according to the Chamber's president — a lack of funding for the Transportation Trust Fund. The fund pays to maintain our roads and bridges, and it's running out of gas.
The governor and the Legislature soon must find a way to raise nearly $2 billion annually to pay for maintenance to New Jersey's highways, bridges and mass transportation, or the state risks losing companies and jobs because of a crumbling infrastructure, agreed state Senate President Stephen Sweeney and Senate Republican Leader Tom Kean.
The Garden State's Greatest Inventions
Some of the greatest products in history have been created right here in New Jersey. At the N.J. Chamber of Commerce's Gala Oct. 27, the best of the best were named. How were the winners chosen? Residents were asked to vote, and more than 1,000 people participated. Here are the survey results: