Home Commerce NJ Chamber of Commerce President and CEO Tom Bracken hopes Governor Murphy will focus on New Jersey’s economic growth and affordability in his state-of-the-state address

NJ Chamber of Commerce President and CEO Tom Bracken hopes Governor Murphy will focus on New Jersey’s economic growth and affordability in his state-of-the-state address

0
Statement from NJ Chamber President and CEO Tom Bracken:

The New Jersey Chamber of Commerce is delighted that, according to news reports, Governor Phil Murphy said he would focus on economic opportunity and affordability in his state-of-state address later in the day.

As the NJ House has consistently pointed out, Governor Murphy’s accomplishments weighed heavily on the “fairer” side of his promise to make New Jersey’s economy both fairer and stronger.

We believe that creating economic opportunity and making New Jersey more affordable are pathways to a stronger economy. We look forward to hearing of the governor’s specific plans to strengthen the New Jersey economy during his second term.

We hope to hear the governor say that he will release more of the remaining $ 3 billion from the US bailout fund (ARP). As we have already requested, the priorities of these funds should be:

· Providing capital injections to companies still suffering from the pandemic fueled recession;

· Complement the state’s “Return and Earn” program which can alleviate labor shortages;

· Replenish the state unemployment insurance fund so that employers are not embarrassed by additional tax increases.

We also hope to hear from the governor commit to quickly allocating funds from the federal infrastructure bill to necessary projects.

And we hope that the governor, in addition to keeping his promise not to impose new taxes, will significantly reduce the fiscal and regulatory burdens on our businesses.

We expect the governor to have a lot to say about the ongoing COVID-19 pandemic. The NJ Chamber believes the business community must do their part to contain the spread of COVID-19 by getting vaccinated, wearing masks and socially distancing themselves.

Supporting our businesses and creating a safe environment for workers and customers are essential if we are to achieve the full economic recovery New Jersey needs.

Bracken will be available for telephone interviews following today’s address. Contact Scott Goldstein at [email protected] or (609) 220-0836 to arrange.