With
every region of the country and world vying for good-paying jobs, New Jersey
cannot afford to be complacent.
As a high-cost border state, we need to be
relentless in demonstrating a commitment to economic development. Attracting
new private-sector jobs and improving our business climate is all about cutting
costs and providing certainty to existing and prospective businesses. Although
the commercial real estate sector is unlikely to begin its climb out of the
recession until late 2010, enacting these reforms and initiatives will ensure
that we have the ladder we need to do so.
Regulations: Impose a moratorium
on all new non-essential regulations that burden businesses at the expense of
jobs.
COAH:
Permanently de-link non-residential real estate development from growth share
and enact a broad-based funding mechanism.
Transportation Trust Fund: Establish a permanent, stable, constitutionally
dedicated and broad-based source of funding (e.g., increased gas tax, user
fees) for the maintenance, expansion and improvement of our aging
transportation infrastructure.
Permit Extension Act: Extend the Permit Extension Act to allow certain sound projects to be
salvaged.
Urban Transit Hub Tax Credit: Expand the Urban Transit Hub Tax Credit incentives
to other targeted areas in the state’s port regions and in South Jersey.