Follow Us:

Opinion

  • Article
  • Comments

Op-Ed: In Budget Aftermath, Time to Restore NJ’s Reputation

How many business executives who were thinking of moving or expanding here changed their minds after seeing what transpired in New Jersey up to and during the state shutdown?

tom bracken
Tom Bracken is the president and chief executive officer of the New Jersey Chamber of Commerce.

Image
Respect
Leadership
Unity
Pride
Affordability
Competitiveness

All of those words are important to every citizen and every business in New Jersey. They are also crucial to our state’s future. However, when it comes to New Jersey, all of these concepts need an enormous amount of improvement.

The budget impasse and the state shutdown did nothing but further diminish the perception of the state in all the above items.

It is hard to measure in exact numbers how much New Jersey lost in this diminishment, but imagine how many business executives who were thinking of moving or expanding here changed their minds after seeing what transpired in our state last week. How many of them would consider New Jersey a business-friendly state where a company can grow and prosper?

We have a very important election in November when we elect our next governor.

Whichever candidate wins must totally embrace, with a sense of urgency, the significant work that needs to be done to improve all the crucial items listed above.

The one caveat is, we cannot wait until November. The candidates need to start now.

Both candidates need to commit to addressing the four key issues that prevent New Jersey from ongoing economic growth and prosperity. They need to tell us how they will reduce taxes, eliminate unnecessary regulations, support programs and training (especially in STEM-related fields) to create a 21st century workforce, and modernize our infrastructure.

If the new governor seriously focuses on achieving these four goals, he or she will make New Jersey more competitive and affordable for everyone, and that is how we elevate New Jersey’s stature in all eight of the areas above.

Tom Bracken is the president and CEO of the New Jersey Chamber of Commerce.

Read more in Opinion
Sponsors
Corporate Supporters
Most Popular Stories
«
»