- 2019-01-25
- NJBIZ
The state Legislature’s top two Democrats jointly unveiled a planned Feb. 11 legislative hearing into the effectiveness of billions of dollars awarded by the state Economic Development Authority, hours after Gov. Phil Murphy announced a similarly-goaled task force to examine many of the same incentives.
An audit by the Office of the State Comptroller released Jan. 9 found that the EDA had little oversight and accountability regarding $11 billion in tax credits it awarded between 2005 and 2017, making it difficult to determine if companies actually delivered on their promised jobs and economic activity.
Statement by N.J. Chamber of Commerce President Tom Bracken on Gov. Murphy's New Tax Incentives Plan
I applaud the governor for the new tax incentive programs he proposed yesterday.
On the heels of his comments in the State of the State address, it was important for him to reaffirm the need for tax incentives in New Jersey’s overall economic plan.
- 2019-01-17
- NJ Spotlight
Against a backdrop of tepid support from Democratic legislative leaders, Murphy makes case for overhauling New Jersey’s big tax breaks
A day after using the State of the State address to urge lawmakers to work with him on a major overhaul of New Jersey’s tax-incentive programs, Gov. Phil Murphy put on his salesman hat and went on the road to pitch the specifics of his vision for how the state should use tax breaks to grow the economy.
- 2019-01-16
- NJ Spotlight
During a rebuttal news conference, GOP lawmakers push back on the governor’s anti-Christie theme
Gov. Phil Murphy used the annual State of the State address yesterday to both showcase the new direction New Jersey is headed after eight years under Republican Chris Christie and highlight an urgent need to remake one of the state’s signature economic-development policies.
- 2019-01-16
- ROI-NJ
The business community can breathe a sigh of relief. Maybe.
Gov. Phil Murphy, in a phone interview with ROI-NJ on Wednesday to discuss his new tax incentive proposals, said he has no plans to increase taxes on businesses as part of next year’s budget.
The New Jersey that Gov. Phil Murphy described in his state of the state message, where everyone can flourish, is one we all can support.
We all want a New Jersey economy that is fair and strong for all of its citizens, and one where, as the governor said, social progress and economic progress go hand in hand.
- 2019-01-15
- ROI-NJ
State chamber’s Bracken on attack on EDA: 'It isn’t even our biggest problem'
Gov. Phil Murphy’s first State of the State address was met with skepticism from the state’s business community.
- 2019-01-10
- NJ Spotlight Op-Ed
The governor wants a fairer economy in New Jersey but companies are bearing the heaviest burden of delivering it. Taxes and mandates have made the state unaffordable and uncompetitive
New Jersey received a serious wake-up call last week.
Celgene, the Summit-based biosciences company, announced it has reached an agreement to be acquired by New York-based Bristol-Myers Squibb in a blockbuster deal worth $74 billion.
To compete in today's economy, states need to have tax incentives. They can assist in economic growth and job creation.
The audit by the state Comptroller’s office highlighted some weaknesses in our existing programs.
- 2019-01-07
- NJ Advance Media for NJ.com
A long-sought infrastructure bill will be a priority of the new House Democratic majority, and funding for the Gateway Tunnel will be part of it, key lawmakers told NJ Advance Media.