When the New Jersey Chamber of Commerce hosted a ReNew Jersey Business Summit & Expo in Atlantic City in April, more than 600 business and political leaders came together to discuss ways to revitalize New Jersey’s economy.
The summit came at an opportune time, because, right now, New Jersey is staring at an $11 billion revenue windfall, thanks to the $3 billion in unspent American Rescue Plan money combined with the state Treasury’s announcement that tax revenue over the next 14 months is projected to be nearly $8 billion more than originally projected.
The summit generated two days of nonpartisan and insightful discussions. But it was more than just talk. It resulted in a set of specific recommendations designed to ignite New Jersey’s economy and make our state more competitive and more affordable, which in turn leads to economic expansion.