Republican resolution promoting economic development set for final legislative action

Republican resolution promoting economic development set for final legislative action

Edward H. Thomson

TRENTON, N.J. – A resolution designating the second Monday of May as New Jersey Economic Development Day goes before the Assembly for a vote on Monday. The job- and business-promoting measure (SJR72/AJR139) is sponsored by Assemblymen Edward Thomson and Sean Kean, and Assemblywoman BettyLou DeCroce.

“This resolution is a reminder that investing in business owners can help grow small companies and stimulate job creation,” said Thomson (R-Monmouth). “By linking government development programs with private-sector stimulus efforts, the state can craft new efficiencies within existing tax revenue. It’s time for Trenton to stop taxing business into submission.”

Sean T. Kean

Kean said New Jersey can support business by better utilizing its many competitive advantages.

“The business environment in this state is consistently ranked the worst in the nation,” said Kean (R-Monmouth). “A variety of incentives, workforce development and economic programs are available to help employers. We are encouraging state and local governments to do more to evaluate these programs to maximize benefits and eliminate waste.”

The resolution encourages the state and local governments to better coordinate strategic economic development efforts.

BettyLou DeCroce

“Economic Development Day will embody the state’s business-supporting efforts,” said DeCroce (R-Morris). “We can increase our return on investment by combining and leveraging economic development funding. Coordinated efforts will provide jobs, increase revenue and improve New Jersey’s fiscal health.”

The resolution passed the Senate unanimously in September.