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Legislation that would bring much-needed regulatory relief to New Jersey businesses is being supported by the New Jersey Business & Industry Association today.
A-4810 would create and formalize the Government Efficiency and Regulatory Review (GEARR) Commission. NJBIA Vice President of Government Affairs Christopher Emigholz said it would make permanent a red-tape-review commission to assist businesses when they need it most.
“Government should be constantly improving and always striving to be leaner and more efficient for the sake of good stewardship of taxpayer dollars and better quality service to its constituents, and a commission like this will push us in that direction,” Emigholz told the Assembly Commerce and Economic Development Committee in written testimony.
Emigholz went on to say that while businesses and manufacturers need an improved tax climate, innovation ecosystem, workforce development pipeline and infrastructure, reducing their regulatory burden is the only component for growth that will not cost the government anything.
Additionally, the formation of a commission to review New Jersey’s regulatory structure and identify inefficiencies and overly burdensome red tape was one of the recommendations made to improve the state’s innovation economy in NJBIA’s Indicators of Innovation report, released on Tuesday.
To see Emigholz’s full written testimony, click here.