“CWA wholeheartedly supports Governor Phil Murphy’s new additions to the EDA Board of Directors.  At this point in time, New Jersey will lose between half-a-million and $1 billion in tax revenues this upcoming year to corporations that were awarded tax credits under the flawed 2013 Economic Opportunity Act.  Within a few years, more than $2 billion in revenues – paid by everyone else – will be handed to a select few who benefitted from this uncapped runaway train.  This is taking place at a time when New Jersey public services are strained to the brink and we need every tax dollar to be spent appropriately and in the public interest.  

“New Jersey has been in dire need of a new EDA Board for a long time. And it is truly disappointing that some members of the current Board didn’t have the decency to resign sooner, given the scandal that took place under their leadership. 

“At last, their terms are finally up. And we will now have the benefit of these four qualified and committed women  – including Marcia Marley, who is a brilliant economist and a progressive thinker.  

“We are hopeful that a new board with new blood – especially when coupled with reform legislation – will assist the State in achieving an economic opportunity plan that actually creates sustainable and good local jobs to best generate prosperity for communities and for New Jersey as a whole.”