N.J. effort to reduce regulations hurt by lack of construction
While the Gov. Chris Christie administration has made overturning a decade’s worth of strict regulatory policies a top priority for the state, business owners won’t recognize the improvements until construction picks up, an economist said.
“Old perceptions die very hard, even if attempts have been made to improve the state’s tax climate and regulatory environment,” said James Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University. “If a company was looking to add a new facility, and it has had to deal with a strict regulatory environment in the past, the CEOs still have that perception in their mind now.” (Eder, NJBIZ)
