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Governor Should Focus on Growing Jobs, Not Weed

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the staff of the Ridgewood blog

Trenton NJ, In light of recent reports highlighting New Jersey’s continued economic decline, Senator Joe Pennacchio (R-26) today urged Governor Phil Murphy to stop pushing to legalize pot and start pushing for job creation.

Pennacchio’s call for action follows news that New Jersey lost 7,700 jobs in February, according to new data by the U.S. Bureau of Labor Statistics. New Jersey also lost at least 2,300 jobs in December of 2018 alone.

Additionally, this week the NJBIA released their 2019 Climate Analysis, which indicated that New Jersey continues to have the worst business climate, highest property taxes, highest sales tax, and highest income tax in the region.

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Governor Murphy Time to Look At The Numbers And Wake Up

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the staff of the Ridgewood blog

Trenton NJ, Two more jarring statistics were released yesterday regarding New Jersey’s economy. First, the U.S. Bureau of Labor and Statistics estimated that New Jersey lost 7,700 jobs in February. The state lost 9,300 private sector jobs, as the total number was offset by job gains in the taxpayer funded public sector.

Second, the Society of Certified Public Accountants (NJCPA) released an internal poll of 500 New Jersey CPAs, where 70% said they believe Governor Murphy’s budget will harm the State’s economy. A measly 23% viewed the State’s economy as “good” and only 12% think it will get better.

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Why Amazon Didn’t Choose NJ

Amazon Introduces New Tablet At News Conference In New York

The following editorial by Senator Robert Singer (R-30) on Amazon’s rejection of New Jersey’s proposal to host a new headquarters was published on Feb. 25, 2019 in the Asbury Park Press:

A whopping 238 cities across the United States sought to be the home of Amazon’s second headquarters, dubbed “HQ2.” Of all city applicants, Newark, New Jersey offered Amazon the largest tax benefits in the country. Regardless of being one of twenty cities to make the final cut, Newark was passed over by Amazon not once, but twice. It speaks volumes that a package of tax incentives totaling $7 billion could not entice Amazon to choose New Jersey.

Our state’s prime geographic location, diverse workforce, state-of-the-art infrastructure, convenient transportation, and best-in-the-nation schools should have made the Garden State an easy sell. The New Jersey Legislature’s successful bipartisan effort to top all other competing tax incentive offers nationwide should have made the Garden State an easy choice. The competition was fierce to court HQ2, and New Jersey was in play.

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New England Motor Freight Shuts Down NJ Loses 4,000 Jobs

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Elizabeth NJ, BANKRUPTCY filed in Newark NJ Court – New England Motor Freight Inc HEADQUARTERS IN ELIZABETH NJ CLOSES ITS DOORS – 4,000 JOBS LOST – NJ IS A JOB KILLER 

Ask Phil Murphy and Senator Menendez & Cory Booker what they did to try and help this company, besides raising taxes to the point of collapse. It’s no wonder Phil Murphy was begging  Jeff Bezos on his knees to bring the Amazon HQ to NJ. 

https://www.wsj.com/articles/trucker-new-england-motor-freight-files-for-bankruptcy-plans-to-shut-down-11549928566

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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

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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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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

 

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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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