I hope everyone is having a great start to the New Year. I am already encouraged that 2023 will be a year in which the governor’s office and Legislature focus on implementing policies that help New Jersey companies during this time of great economic uncertainty. That’s because recent comments and actions by the governor and legislative leaders endorse pro-economic growth measures that the New Jersey Chamber of Commerce and other business groups have been seeking for quite some time.
- 2023-01-13
The New Jersey Chamber of Commerce applauds Gov. Murphy’s recent comments supporting Senate Budget Committee Chair Paul Sarlo’s proposal to end the state Corporation Business Tax (CBT) surcharge when it expires at the end of 2023. The governor also, in the same interview, alluded to no new taxes and significant tax cuts for New Jersey. All of this makes our state more competitive and affordable.
- 2023-01-10
The New Jersey Chamber of Commerce applauds Gov. Phil Murphy for all his administration has been doing to prepare the New Jersey economy for 2023 and beyond – and we endorse his pro-New Jersey message. The state has a lot to be proud of and we have not leveraged those positives as much as we should. Today’s optimistic message will hopefully begin to reverse that.
- 2023-01-05
Economic development projects in New Jersey are often subject to lengthy delays because municipalities may not have the resources to turn-around construction inspections in a timely manner. This unfairly stalls projects and increases costs for developers. In the meantime, towns and cities miss out on the much-needed tax revenue that result from completed projects.
Congratulations to Netflix on purchasing the former Fort Monmouth 292-acre site to build a state-of-the-art production facility. We salute the Governor and his team, the New Jersey Economic Development Authority and Choose New Jersey for all their efforts to bring this transformative project to this prime piece of real estate in New Jersey. When completed, the project will cost more than $900 million and create thousands of jobs for state residents. That will be quite a long-term boost to Monmouth County’s and the state’s overall economy. Netflix officials stated they chose the historic Fort Monmouth site because they were impressed by its prime location on the East Coast and since they will have access to our quality workforce. That speaks volumes to what New Jersey has to offer Netflix and other companies considering the state.
The N.J. Chamber also Elected Four New Board Members
Ralph Izzo, former president and CEO, and outgoing chairman, of PSEG, and former chairman of the New Jersey Chamber of Commerce Board of Directors, has been named an honorary lifetime member of the Chamber Board, N.J. Chamber President Tom Bracken announced.
The New Jersey Chamber of Commerce congratulates the New Jersey Economic Development Authority on receiving $255 million in federal funds to support small businesses – and we are appreciative to them for creating six programs that target important sectors to our state’s growth.
We are pleased that our state leaders recognize that entrepreneurs and small businesses need assistance.
In addition to this, it is important for the state to continue to look for ways to assist the general business community with their working capital needs as they continue to deal with high inflation, supply chain issues, rising energy costs, a lack of skilled workers and other factors out of their control.
The announcement is great news for the business community – and we look forward to collaborating with the state in 2023 to create more programs to assist more members of our business community, and help our economy thrive.
- 2022-12-20
- ROI-NJ Op-Ed
As we close 2022 and head into a new year, New Jersey’s business community is hearing and reading mixed messages regarding the state of the state’s economy. Some are suggesting the business climate is fine, but that view is not matching the reality that businesses owners are experiencing.
N.J. Chamber of Commerce Members,
I’d like to wish you a happy holiday season and thank you for your support of the New Jersey Chamber of Commerce in 2022.
New Jersey Chamber of Commerce members celebrated the start of the holiday season in style – at Calandra's Italian Village in Caldwell on Dec. 1. The 11th annual Chamber Holiday Party was attended by almost 200, including over 25 members of the N.J. Chamber Board of Directors.