Michele Siekerka

NJBIA President & CEO Michele Siekerka

New Jersey is now in its 13th week without a tax incentive program, which is a fundamental tool in most states’ economic development strategies. There also continue to be delays in the awarding of already approved 2018 tax credits. These are two facts that send one simple message to prospective employers: New Jersey is not open for business.

We are encouraged that Gov. Phil Murphy and the Legislature have been in discussions to create the next version of the incentive. Murphy has put forth a tax incentive plan with a focus on increasing venture capital investment and the Legislature has been working on a new version of the Grow New Jersey program that addresses some of the concerns raised about the expired program, as well.

However, with each passing day that New Jersey does not have a tax incentive program, we put future job creation, economic development and prosperity at risk.

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2 responses to “Op-ed: NJ Needs to Come Together on New Economic Incentive Program”

  1. LARRY says:

    Tax incentives in New Jersey are only for foreign companies illegal aliens and people personally connected.
    While the nj economy is stagnant gov murphy is on a taxpayer paid vacation to India where he will give away all those incentives.

  2. Scott Forgue says:

    Gov Murphy is giving away this state to foreign interest which does not help companies or workers in this state or country. I feel what he is doing is treasonous and should be investigated by the state and federal governments. He should be giving tax incentives to existing companies and education to US Citizens not foreign companies and foreign people. Someone needs to.putna stop to his madman acts which are not helping this state or country.