New Jersey Chamber of Commerce’s Executive Vice President’s
Statement on Extending Business Incentives

Incentives are imperative to our state’s economy and in making New Jersey competitive. We appreciate the Legislature’s willingness to extend the current programs (A-5343) until we can find a more viable option for a longer-term solution.

Recognizing that the current programs took approximately 18 months to effectuate, we cannot create a new, more effective, functioning program within the next two weeks. Nor can we allow for the current ones to expire.

A state that lets its economic growth incentives lapse signals that it is “out of business.”

###

About the New Jersey Chamber of Commerce

The New Jersey Chamber of Commerce is a business advocacy organization that represents its members on a wide range of business and education issues. Based in Trenton, the organization also links the state’s local and regional chambers on issues of importance through its grassroots legislative network. For more information, visit njchamber.com