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NJBIA President and CEO Michele N. Siekerka Esq. issued the following statement following the announcement of Northern Virginia and New York City as locations for Amazon’s HQ2 Headquarters this morning.

“We should take a moment to feel proud that Newark was considered as a finalist for Amazon HQ2 among the most prominent cities in the nation. Newark’s exciting rebirth, where we have seen billions of dollars in high-tech investment, serves as a model for how New Jersey can own the innovation mantle in the 21st century and replicate it in urban areas across the state.

“We should now consider how to take this potential investment through incentives and turn it into a new opportunity for Newark or elsewhere in the state.

“At the same time, we should be mindful of the challenges that a high-tax, high-cost state presents for future employers looking to make New Jersey their next home. As such, we continue to call for reforms that will make New Jersey more regionally competitive and affordable.”