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Economic Development
 The Platform for Progress Economic Development Coalition seeks to make New
Jersey a pro-investment state. The primary goal of this initiative is to help businesses
already located in New Jersey remain here, while at the same time attract
companies from outside the state to relocate here. These goals can be achieved by reducing the costs of doing business,
maintaining an effective workforce and providing opportunities to increase the
skill levels of our workers. To advance this goal, it is imperative that a
baseline of irrefutable economic data be identified, and that the action plan is
executed in concert with other organizations.
Coalition Chair: Dennis Bone, President, Verizon New Jersey
Contact: Mary Ellen Peppard
2008-09 Agenda
Long Term Goal: Make New Jersey a pro-investment state.
Objective 1:
Radically streamline the permitting process to ensure timely approvals.
Consensus item:
- Reform the New Jersey Corporate Business Tax to improve our state’s competitiveness.
Objective 2:
Advance business friendly tax policies.
Consensus Items:
- Reform the New Jersey Corporate Business Tax to improve our state’s competitiveness.
- Repeal taxes on services that were enacted during the 2006 budget cycle.
- Enhance the state’s tax credit incentive programs.
Objective 3:
. Tie the growth of government to the growth of the economy.
Consensus Items:
- Advocate for policies that match recurring expenses with recurring revenues.
- Research other states that have passed legislation limiting spending.
Objective 4:
Promote a more positive and business friendly image of New Jersey.
Consensus Items :
- Provide members and the employer community with positive information about New Jersey’s business climate.
- Determine specific areas where State could improve its marketing.
Objective 5:
Present key policymakers with irrefutable economic data that demonstrates the importance of pro-business policies.
Consensus Items :
- Collect and analyze data to determine if there is a “wealth drain” in New Jersey.
- Examine job growth data and compare New Jersey's growth in key industry sectors to growth in other states.
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