NJBIA and a host of top New Jersey business groups have collectively and formally submitted comments and recommendations to the New Jersey Economic Development Authority, which will be administering the new Next New Jersey Manufacturing Program.
The new, signed by Gov. Phil Murphy earlier this month, utilizes $500 million from the existing Aspire and Emerge credits to incentivize in-state manufacturing programs and job creation.
The business groups, which includes NJBIA, the New Jersey Manufacturing Extension Program, the New Jersey State Chamber of Commerce, the Chamber of Commerce Southern New Jersey and the Healthcare Institute of New Jersey urged NJEDA to implement rules for the program that “get to yes” and are “business-friendly, competitive with other states, and designed to maximize participation.”
“The draft rules should be written with the clear intent of helping applicants succeed/finding ways to get to “yes,” instead of looking for reasons to reject them/finding ways to say “no,” the letter said.
“Manufacturers operate in a highly competitive environment; so state incentives must project predictability and support. This means flexible interpretations where possible under statute, consistent guidance, and program administration that is focused on getting to “yes.”
The business groups also recommended marketing and promotion support for the program, a simplified application process, streamlines interagency approvals, workforce development collaboration and that any fees be comparable other states and not set at higher levels.
“The new Manufacturing Program presents an important opportunity to strengthen New Jersey’s industrial base,” the letter said. “By implementing rules that are flexible, fair, and business-friendly — while ensuring accountability — NJEDA can maximize the program’s success and make New Jersey more competitive for manufacturing investment.”
To see the full letter of recommendations, click here.
