“It's not really about the competition. Your biggest challenge in
a race is yourself. You're often racing against time. You're
frequently running everything through your mind. You're always
competing against preconceived ideas. It's not really the person
next to you that you worry about.” Summer Sanders
It is completely unacceptable that we have ended this years
Legislative Session (June 30th) with leaving off the table any
incentives for the State of New Jersey that leave us now at an
even lesser competitive disadvantage than all of our
neighboring States. It is a good for our State to continue to
look at the success, challenges or even failures of programs
that utilize the taxpayer’s money. However, when you look at
numerous reports, we continue to rank in the lowest
percentiles in terms of Business Climate, competitive ranking
and economic metric.
I want to be very clear in stating this, New Jersey has
tremendous advantage over every other State in this Country.
We have tremendous assets in education, our workforce talent
is top notch, our infrastructure and proximity to the largest
markets in the world, New York and Philadelphia position us
right in the middle of what should be a superior advantage.
The diversity that New Jersey has in our people, arts, culture
and tourism stand out like no other State. So, I ask why are we
in the position we are?
The two quotes by Summer Sanders, the two-time US Gold
Medalist in swimming, sum it up for me. Let’s start fixing
what is wrong within our State structure, let’s put the
partisanship aside, the internal debates within parties and
get out of our own way to get the ship righted once again.
We need to see the big picture.
New Jersey has always had the competitive advantage but
companies are looking toward New York, Lehigh Valley and
Philadelphia which all have strong incentive programs. The
programs and incentives that we can put on the table need
to be equitable for both our urban centers and our suburbs.
The days of putting one region of our State ahead of another
must come to end. The whole of New Jersey must be
packaged and presented to increase and improve our
Christopher J Phelan
President & CEO
“To be a champion, I think you have to see the big picture. It's
not about winning and losing; it's about everyday hard work
and about thriving on a challenge. It's about embracing the
pain that you'll experience at the end of a race and not being
afraid. I think people think too hard and get afraid of a certain
challenge.” Summer Sanders
“Our policymakers all agree that tax incentives are an
important and effective tool in New Jersey’s overall
economic development toolkit. To not have this tool at its
disposal for any length of time will render us even less
competitive when we already lag behind the region and the
nation in economic growth.” Michele Siekerka, President
“Gov. Murphy and our legislative leaders must quickly adopt
an economic incentive program that incentivizes businesses
to come to New Jersey, to stay here, and to grow here. This
must be a priority with a goal of creating a national model that
enhances our competitiveness with a robust economic
development tool.” Tom Bracken, NJ State Chamber President