10/30/19-Manufacturers, Legislators Explore Retaining – and Finding – Employees

Manufacturers, Legislators Explore Retaining – and Finding – Employees

October 28, 2019 | njbiz.com

New Jersey Sen. Linda Greenstein, D-14th District, addressed over 60 attendees on Oct. 25 at a Manufacturing Caucus Hearing at Rowan College at Burlington County and said the purpose of the caucus is to support employers, reduce burdensome over-regulation, reduce costs of doing business, and support apprenticeships through legislation.
A proposed bill would create the New Jersey Entrepreneurship Program in the New Jersey Department of Labor and Workforce Development.

NJ SEED  applauds efforts to bring manufacturing jobs to New Jersey as those are the industries that provide many well-paid employment opportunities for our state’s workforce.

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10/30/19-We’re Number 50 – Again! The Tax Foundation’s latest report adds fuel to the debate over revenue collection

We’re Number 50 – Again!
The Tax Foundation’s latest report adds fuel to the debate over revenue collection

October 28, 2019 | njbiz.com

A new report by the Tax Foundation shows New Jersey as having the worst tax climate for businesses of all 50 states – a rating the Washington think tank has given the state every year since 2015.
New Jersey’s tax burden, the report notes, includes an inheritance tax and the second-highest corporate income tax, an “aggressive treatment of international income” and “some of the nation’s worst-structured individual income taxes.”

NJ SEED:  Under both Democratic and Republican leadership, New Jersey has for many decades sustained a reputation of hostility to business. However, the state’s location between two major metropolitan markets and its skilled workforce have mitigated the impact and the state has managed to hold its own in economic growth. Imagine what, in a welcoming climate, it could be.

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10/30/19-Unemployment Rate Continues to Drop, but NJ’s Economic Indicators Are Complicated

Unemployment Rate Continues to Drop, but NJ’s Economic Indicators Are Complicated

October 24, 2019 | njspotlight.com

Despite downward trend in unemployment, thousands of jobs were shed in recent months and businesses warn about other pressures on their competitiveness

NJ SEED: The article makes the point that unemployment rates can drop if there are no jobs to fill. The state appears to be losing job opportunities. It is important to focus on developing the skilled workers that employers seek.

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10/22/19- NJEDA Oversight of Tax Incentives Scrutinized at Daylong Hearing

 NJEDA Oversight of Tax Incentives Scrutinized at Daylong Hearing

October 18, 2019 | njbiz.com

A task force Gov. Phil Murphy put together to scrutinize New Jersey’s controversial corporate tax breaks took aim at problems with the Economic Development Authority’s oversight of the incentive program.

NJ SEEDWhile the administration and legislative leaders wrestle with creating a program of business incentive tax-breaks, the Governor’s task force investigating EDA demonstrates that whatever form tax breaks may take there is an overriding need for transparency and accountability in the way the program is to be administered.

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