Trenton NJ, Nearly seven in 10 business executives (68%) said they believe the U.S. economy has entered a recession, and vast majority of them (71%) believe it will last longer than a year, according to a survey of business executives conducted by the New Jersey Chamber of Commerce. The results were released today.
NJ Manufacturers Will Be Hard Hit by Shocking Energy Mandates
the staff of the Ridgewood blog
Ridgewood NJ, in less than 90 days, the New Jersey Department of Environmental Protection is expected to enact new rules that could cost manufacturers, businesses, public schools, and apartment complexes millions of dollars to convert boiler systems to electric.
NJDEP Regulations to Electrify Building Sector Take Effect in December, Leading to Increases in Rents, Property Taxes and Grocery Bills
the staff of the Ridgewood blog
Ridgewood NJ, With the first round of NJDEP regulations set to take effect on December 6th, a diverse coalition of 24 business and labor organizations sent a letter to Senate President Nick Scutari and Assembly Speaker Craig Coughlin calling on the Legislature to halt Governor Murphy’s building electrification mandate until a full analysis of costs can be developed.
Trenton NJ, Senator Joe Pennacchio blasted Governor Phil Murphy’s continued inaction on a promised “postmortem” investigation of his administration’s failed COVID-19 response in nursing homes and State-run veterans homes and stonewalling by Democrats of a legislative investigation.
Trenton NJ, The latest ratepayer impact study of Governor Murphy’s Energy Master Plan inexplicably ignores many of the most costly mandates, said Senator Steven Oroho today, as he blamed the Murphy Administration for continuing to obscure the true fiscal impact.
Ramsey NJ, Businessman and Republican Congressional nominee Frank Pallotta blasted New Jersey Democrats for even considering scandal-plagued Acting Attorney General Matthew Platkin for Senate confirmation. On Monday, the State Senate Judiciary Committee voted to release the nomination after it had stalled earlier this year.
Ridgewood NJ, Senator Kristin Corrado called on Governor Murphy to immediately lift his COVID-testing mandate for unvaccinated teachers and school employees after the federal Centers for Disease Control and Prevention (CDC) said today that testing healthy students and employees is no longer recommended.
Trenton NJ, Senator Michael Testa slammed the New Jersey Department of Labor (NJDOL) and the Murphy administration for their failure to notify business owners in a timely manner about new unemployment insurance payroll tax hikes.
Trenton NJ, Pennsylvania’s corporate tax cut must be a catalyst for change in New Jersey, says Assemblyman Christopher DePhillips. The lawmaker is calling on legislative leadership to prioritize his bill to lower New Jersey’s highest-in-the-nation 11.5% corporate business tax rate before companies, jobs and families move to the Keystone State.
NJ’s economy shrinks (-2.2%) at rate larger than U.S. average (1.6%) to begin 2022
Rate of decline is larger than all neighboring states in the region
Significant decline noted in nondurable goods manufacturing
National economic slowdown raises concerns over NJ’s lagging performance
the staff of the Ridgewood blog
Morristown NJ, on June 30th, the United States Bureau of Economic Analysis issued its report on the Gross Domestic Product (GDP) by State for the 1st Quarter of 2021, which covers the months of January through March. Dr. Charles Steindel, former Chief Economist of the State of New Jersey, analyzed the report for the Garden State Initiative:
Trenton NJ, Governor Murphy policies of limiting school choice have made New Jersey the 10th worst state for racial equality in education. With predominantly “non-white” school districts receiving $23 billion less funding per year than predominantly “white districts”, WalletHub today released its report on the Best States for Racial Equality in Education.
Trenton NJ, once again the Murphy administration called out for disadvantaging working families and low income parents. Center For Education Reform drops New Jersey from C to D . According to CER the Garden State’s political leadership needs to be badly weeded. The Murphy Administration has been arbitrarily rejecting expansion of successful charter schools with waiting lists as well as the opening of new schools to serve more students. While New Jersey has always been strong in having higher than average teacher standards, today’s leaders seem to be stuck in a great big pothole on the NJ Turnpike, unable to grasp that parents need more exits.
Ridgewood NJ, Family Policy Alliance of New Jersey – a pro-family ministry – is empowering parents and concerned voters across the state. To do it, they’re using three key resources.
Paramus NJ, a third investigation into the deaths of more than 200 residents of New Jersey’s veterans homes during the peak of the COVID-19 pandemic has been opened by an independent state agency that reports on government malfeasance, a state commissioner revealed this week.
Trenton NJ, N.J. Chamber President and CEO Tom Bracken continues to kiss up to Governor Murphy and the Democratic legislator . In a statement Bracken claimed that last Wednesday and Thursday, the New Jersey Chamber of Commerce held a very successful “ReNew Jersey Business Summit and Expo” in Atlantic City. Some news coverage of the Summit included a comment made by me, in regard to the plight of the business community, that suggested the governor and Legislature “are not doing anything about it of substance.” Braken owned it then proceeded to back peddle and play CYA .