The New Jersey Chamber of Commerce applauds the Sherrill administration for delaying implementation of the PACT/REAL climate rules by one year to allow for additional study and broader stakeholder engagement on regulations that could have significant economic consequences. While protecting communities from environmental threats is critically important, the business community remains concerned that these rules could dramatically increase the cost of building and redevelopment across New Jersey, ultimately driving up housing prices for residents and making future development extremely difficult.
New Jersey businesses are under growing pressure from rising energy costs. Across our state, employers of every size are feeling the impact of increasing electricity demand and concerns about whether supply can keep pace. In today’s economic climate, helping businesses better manage energy use and costs is essential to maintaining New Jersey’s competitive edge.
President & CEO Tom BrackenOne of the most encouraging developments during the first months of the Sherrill administration has been its clear commitment to engaging directly with New Jersey’s business community.
The New Jersey Chamber of Commerce is participating in Gov. Mikie Sherrill’s 21-county business outreach tour – an important initiative designed to hear directly from employers across the state about both the opportunities and challenges of operating a business in New Jersey. The Chamber has been assisting the governor’s office in identifying locations for many of these meetings in partnership with local chambers of commerce, associations, and regional business groups.
Bob Podvey and his wife, Deborah, at the Chamber’s 2025 holiday party at Calandra's Italian Village in Caldwell. (Russ DeSantis Photo and Video)We are deeply saddened by the passing of Bob Podvey, one of New Jersey’s most respected attorneys and a longtime member of the New Jersey Chamber of Commerce Board of Directors. Bob’s leadership, friendship, and dedication to the state and its business community will be greatly missed.
At the recent ReNew Jersey Business Summit & Expo, we centered our conversations on a single, defining theme: New Jersey’s economic competitiveness.
More than 850 leaders from across business, government, and the nonprofit community gathered in Atlantic City, and there was an overarching conclusion: New Jersey’s ability to compete depends on how well we prepare for the opportunities in front of us.
That focus could not be timelier.
In just a few months, we will have one of the most unique opportunities in our state’s history. The FIFA World Cup (games are June 11 through July 19), will kick off in the U.S. New Jersey will host eight matches, including the Final at MetLife Stadium — which is expected to be one of the most watched sporting events in history.

Gov. Mikie Sherrill on Tuesday outlined an agenda focused on improving New Jersey’s business climate and expanding the state’s economy, telling business leaders that government must become a more efficient and reliable partner for growth.
“We all know that New Jersey has the best business in the world,” Sherrill said. “What we need to make sure of, as we go forward, is New Jersey is the best place to DO business in the world.”
Speaking at the ReNew Jersey Business Summit & Expo, Sherrill emphasized her administration's efforts to streamline permitting, reduce delays, modernize state operations, and to create a more predictable environment for companies to invest and hire.