Triple Play is a weekly NJBIZ feature that asks top executives in New Jersey to talk about three things related to their industry.
Michael Egenton is the senior vice president of government relations for the New Jersey Chamber of Commerce, representing the business community on legislative and regulatory matters in Trenton.
We asked Michael for three things in Trenton that the business community will be keeping a close eye on in the next few months:
The Izod Center — the state-owned arena that has been part of the Meadowlands Sports Complex in East Rutherford for more than three decades and was once the home to the New Jersey Devils and Nets — is expected to close its doors at the end of the month.
Namedropping recent incentive-driven projects involving the likes of Subaru and the Philadelphia 76ers in Camden and Forbes Media in Jersey City, Gov. Chris Christie said in Tuesday's annual State of the State address that the streamlining of incentives under the Economic Opportunity Act has “better targeted them to areas of our state that need investment most.”
“And the verdict is in — and the early returns from the Economic Opportunity Act show that it is working to attract and retain businesses,” Christie said.
We applaud the governor's realistic assessment of the state's job and economic growth during his years in office.
We agree with his statement that growth has been good and the unemployment rate is down, but further progress is needed.
New Jersey businesses enter 2015 enjoying the best of times — and the worst of times.
For five years, business has had perhaps the best possible friend in the governor’s office in Chris Christie, whose administration pledged to cut red tape, awarded billions of dollars in corporate tax breaks, cut business taxes and restructured the state’s economic development process to make it more efficient and effective.
Too many people - on the left and the right, politicians and editorial boards - act as if there is a politically expedient magic bullet that will painlessly fix New Jersey's budget problems. There isn't. Gov. Chris Christie is right when he says our budget problems are serious. The solutions are going to be painful.
Gov. Chris Christie is once again scheduled to give a Washington D.C. keynote address when the New Jersey Chamber of Commerce takes its annual “Walk to Washington” in February.
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.