NJBIA President and CEO Michele N. Siekerka Esq. issued the following statement today in response to Gov. Phil Murphy’s announcement of his administration’s economic plan for New Jersey.
“NJBIA has long maintained that responsible economic planning, based on data, research, and stakeholder input from informed sources sets a correct path for New Jersey, rather than placing ever-increasing financial burdens on our job creators through excessive taxation and costly mandates.
“We are pleased that the Governor has set a vision for the state that is synonymous with our mission at NJBIA – to have New Jersey reclaim its stature as the Innovation State. What remains to be seen is the pathway there.
“We feel strongly that input from New Jersey business will better inform that route. After all, our businesses are the job creators who provide salaries, benefits and a way of life for millions of residents. They galvanize our communities. They are our boots on the ground and the lifeblood of our economy. They should be mined for their input, not for more of their output.
“While the Governor’s plan is an ambitious start, much remains to be seen. Currently, there is a bill on the Governor’s desk, A-4495, which will place another significant financial burden on some of our largest job creators and, in fact, will financially hit the state’s innovation sector particularly hard. If signed into law, it will run counter to the goal of building a diverse innovation ecosystem in New Jersey that we heard about today.
“We appreciate the administration’s review of state incentive programs, and support for education and workforce development. We continue to encourage that strategies behind New Jersey’s economic plan be seen through the lens of regional competitiveness and affordability. We remain committed to working with the administration to help bring economic vitality and prosperity to New Jersey.”