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NJBIA: Improving NJ Business Climate Would Help Attract Amazon, and Others

Amazon Introduces New Tablet At News Conference In New York

the staff of the Ridgewood blog

Trenton NJ, NJBIA President and CEO Michele N. Siekerka Esq. issued the following statement today relating to Governor Murphy’s efforts to attract Amazon to Newark.

“NJBIA shares and appreciates Governor Murphy’s enthusiasm for Newark as an ideal location for Amazon’s future expansion. Newark’s rebirth, where we have seen billions of dollars in high-tech investment, has been nothing short of inspiring. We hope Amazon will recognize the quality of Newark’s location, infrastructure and workforce and how it is serving as a model on how to own the innovation mantle and replicate it in urban areas across the state.

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NJGOP Chairman states the Obvious New Jersey Needs to Improve It’s Business Climate

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the staff of the Ridgewood blog

Trenton NJ,  NJGOP Chairman Doug Steinhardt released the following statement on President Trump’s State of the Union Address: “President Trump is taking our country in the right direction. His policies are earning new, well-paying jobs, helping small businesses thrive and lifting America’s economy to new heights. “While America grows, our home state of New Jersey lags behind. It’s time for New Jersey to fight back and tell Democrats in Trenton that we have had enough of the burdensome tax increases and strangling regulations. It’s time for both parties to come together and take action on improving New Jersey’s business climate and making our state more affordable.”

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NJBIA President Calls Murphy’s Minimum Wage Law Irresponsible

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the staff of the Ridgewood blog


New Jersey Business and Industry Association President and CEO Michele N. Siekerka issued the following statement regarding the $15 Minimum Wage law signed by Governor Murphy today.

“After calling for a responsible, slow and predictive pathway to increasing the minimum wage, we are disappointed that our policymakers have put into place a plan that will result in a 35 percent cost increase to New Jersey’s small businesses, when including the increased wage and payroll taxes, within just 11 months.

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Senator Anthony Bucco Warns Murphy’s Minimum Wage Law will lead to Layoffs and Automation

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the staff of the Ridgewood blog

Trenton NJ, Senator Anthony Bucco said a law signed by Governor Phil Murphy today to raise the minimum wage in New Jersey from $8.85 to $15 per hour will force small business owners to make tough choices about staffing levels and the adoption of labor-replacing technologies.

“As a small business owner, I understand how difficult it is to maintain employees’ jobs and benefits when we’re constantly faced with new taxes and expensive mandates from the State,” said Bucco (R-25). “I have no doubt that the huge costs being forced on employers by Governor Murphy and the Democratic legislature will lead to reduced hours for workers, layoffs, and the faster adoption of automation technologies that already are driving workforce reductions in many industries.”

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New Jersey ranks dead last for business friendliness before we even get to a $15 minimum wage

 

the staff of the Ridgewood blog

Trenton NJ, In an Op-Ed that appeared in ROI-NJ on Friday, NJBIA President and CEO Michele Siekerka called the agreement announced last week by Gov. Phil Murphy and legislative leadership to raise the minimum wage to $15 as “far from economically responsible.”
Siekerka first notes the cumulative expenses already absorbed by small businesses in New Jersey – including “costly mandates, expensive compliance regulations, more subsidies for energy delivery and increased taxes as a means to balance the state budget. For this, New Jersey ranks dead last for business friendliness before we even get to a $15 minimum wage.”

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NJGOP Chairman Reacts To Murphy’s Absurd Economic Development Speech

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the staff of the Ridgewood blog

Trenton, NJ – Yesterday, Governor Phil Murphy gave New Jersey Business a good laugh , after 18 tax increases totaling over $1.5 billion in new taxes the  Governor has come up with a new scheme spending even more money to encourage startups in the Garden state .

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NJGOP Chairman: Bob Menendez’s attack on the pharmaceutical industry is void of any credibility

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July 18,2018

the staff of the Ridgewood blog

Trenton NJ,  Senator Menendez’s re-election campaign has begun to invest in a line of attack that includes criticisms of the pharmaceutical industry. NJGOP Chairman Steinhardt released the following statement in response to those attacks:

“Corrupt, career politician Senator Menendez’s election conversion on these issues won’t fool New Jersey voters. The fact that Menendez greedily solicited and took nearly $1 million in donations from pharma, but now suddenly is the crusader against the industry is the height of hypocrisy. His desperate rhetoric directly contradicts his votes in Washington, where he voted to allow pharmaceutical companies to delay the release of less expensive generic drugs.”

Votes:

● Menendez Voted Nay, Regarding S Amdt 2107, “Authorizes Import Of FDA-Approved Drugs From Canada.” (SAmdt 2107, Amendment Rejected – Senate, (43 – 54), U.S. Senate, 5/24/2012; Menendez Voted Nay)

● Menendez Voted Nay, Regarding S Amdt 2111, “Prohibits Pharmaceutical Companies From Delaying The Release Of Generic Drugs.” (S Amdt 2111, Amendment Rejected – Senate, (28 – 67), U.S. Senate, 5/24/2012; Menendez Voted Nay)

● Menendez Voted Nay, Regarding S Amdt 769, “Authorizes Individuals To Import FDA Approved Drugs From Canada.” (S Amdt 769, Amendment Rejected – Senate, (45 – 55), U.S. Senate, Oct. 20, 2011; Menendez Voted Nay)

● Menendez Voted Nay, Regarding S Amdt 2793, “Authorizing Importation Of Prescription Drugs.” (S Amdt 2793, Amendment Rejected – Senate, (51 – 48), U.S. Senate, Dec. 15, 2009; Menendez Voted Nay)

● Menendez Voted Nay, Regarding S Amdt 4299, “Expressing The Sense Of The Senate On The Legalization Of Importing Certain Prescription Drugs.” (S Amdt 4299, Amendment Adopted – Senate, (73 – 23), U.S. Senate, 3/14/2008; Menendez Voted Nay)

● Menendez Voted Yea, Regarding S Amdt 1010, “FDA Drug Import Certification Amendment.” (S Amdt 1010, Amendment Adopted – Senate, (49 – 40), U.S. Senate, 5/7/2007; Menendez Voted Yea)

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Governor Christie Takes Steps to Safeguard New Jersey’s Economic Future

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Vetoes Legislation That Would Impede Economic Gains and Hinder Garden State Businesses

August 30, 2016
the Staff of the Ridgewood blog

Trenton, NJ , Taking action to protect New Jersey’s economic future, Governor Chris Christie today vetoed Assembly Bill No. 15, which would have raised the minimum wage to $15 per hour by the year 2021. Three years ago, New Jersey residents voted to raise the minimum wage to $8.25, along with annual adjustments based on the Consumer Price Index (CPI). This bill would have made New Jersey only the third state to adopt a $15 minimum wage.

“Despite having a constitutional mandate in place, the legislature now wants to increase the minimum wage by almost 80 percent just three years later,” said Governor Christie.  “While this bill’s proposed increase surely is responsive to demands from Democrat legislators’ political patrons, it fails to consider the capacity of businesses, especially small businesses, to absorb the substantially increased labor costs it will impose, killing jobs and erasing gains of more than 275,000 private sector jobs since 2010. I cannot support a bill that undermines the positive results we have achieved in New Jersey and I am returning A-15 to the legislature with an Absolute Veto.”

Business owners would face added expenses from this substantial wage hike through increased payrolls, taxes and supply costs, leaving them with these undesirable options: laying off workers; reducing employee hours; raising prices; leaving New Jersey; or closing altogether.  Other states and cities ramping up to a $15 minimum wage – California, Seattle and Washington, D.C., for example – are already seeing those negative economic impacts, from fewer jobs to increased costs for goods and services on college campuses, in restaurants and in the manufacturing sector.

Similar outcomes in New Jersey would be a significant step backward on the road to economic recovery and an affront to all of the accomplishments of our private-sector businesses over the past six-and-a-half years.

From offering $380 million in unemployment insurance tax relief to merging the State’s economic development incentive programs through the Economic Opportunity Act, Governor Christie has fought to make New Jersey more competitive and to encourage businesses not only to move to the Garden State, but also to stay here, and to expand their operations and hire new employees.

Governor Christie continues to focus on creating better paying, middle-class jobs in innovative sectors and through small business growth while continuing to build on New Jersey’s economic momentum.

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Legislative budget office: N.J. will get $162M less in taxes than Christie says

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New Jersey tax collections will come in about $162.1 million short of Gov. Chris Christie’s expectations for the current and upcoming fiscal year, the nonpartisan Office of Legislative Services told lawmakers Tuesday. Samantha Marcus, NJ.comRead more