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.
Comcast Newsmakers' Jill Horner speaks with Tom Bracken, President/CEO from the NJ State Chamber of Commerce, about New Jersey's Transportation Trust Fund.
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.
Two days after JPMorgan Chase said it had dropped plans to build two new office towers for $6.5 billion in midtown Manhattan, reportedly because New York City refused the company’s request for tax breaks, New Jersey’s economic development team sprang into action.
A letter from Lt. Gov. Kim Guadagno, Governor Christie’s jobs czar, went out to 275 financial services companies in New York and Philadelphia, touting the "benefits of investing in New Jersey."