NJBIA’s Andrew Musick was invited to testify before members of the Senate Economic Growth and Assembly Commerce and Economic Development Committees regarding New Jersey’s Economic Development Strategy. Please read below for his testimony. On behalf of our member companies that provide more than 1 million jobs in the state and make the New Jersey Business […]
Taxation & Economic Development
The New Jersey Department of the Treasury recently released January revenue collections. For the press release, and a copy of the January 2019 Revenue Report, please read below. (TRENTON) – The Department of the Treasury reported that January revenue collections for the major taxes totaled $4.042 billion, up $225 million, or 5.9 percent above last […]
In advance of Monday’s joint Senate Economic Growth and Assembly Commerce and Economic Development Committee concerning the oversight and effectiveness of the NJEDA tax incentive programs, please see a recent article that discusses the programs in more detail. Please click here to read the article.
The incentive programs used to help attract companies to New Jersey and retain the ones already here lacked sufficient management and oversight, according to a report released today by the Office of the State Comptroller. The audit looked at 1,000 projects that had received nearly $11 billion in tax incentives and cited a lack of […]
NJBIA President & CEO Michele N. Siekerka, Esq. issued the following statement regarding today’s recommendations by the Office of State Comptroller to enhance monitoring efforts for New Jersey’s tax incentive programs. “State tax incentive programs for businesses of all sizes should be an important part of our overall economic strategy to make New Jersey competitive […]