NJBIA Statement on Signing of NJ Economic Recovery Act of 2020

New Jersey Business & Industry Association President and CEO Michele Siekerka issued the following statement regarding the signing of the New Jersey Economic Recovery Act of 2020 by Gov. Phil Murphy today.

“NJBIA thanks Governor Murphy and our policymakers for coming together on a much-needed incentive program that will help bolster New Jersey’s economic future through job creation and development in areas where it is needed. The focus on innovation, manufacturing and workforce development will be especially beneficial.

“We believe this is a comprehensive and balanced plan that comes at a most opportune time, as we work to recover from the pandemic. We are encouraged by the flexibility, depth and richness of the programs, with an emphasis on high-growth industries, ample opportunity for transformational projects, and checkpoints to ensure projects are benefitting our great state.

“With an economic plan of such enormous scope, there are always areas which can be improved upon and we do hope there will be further assistance for our challenged Main Street businesses. Going forward, NJBIA will continue to encourage revisits of the programs by our policymakers to ensure there is an appropriate balance of opportunity for businesses of all types and sizes in New Jersey.”