Proposal’s Aims to
Attract, Retain Businesses and Residents; Promote Long-Term, Sustainable Growth
NEWARK, NJ -- Today, the Smart Growth Economic Development Coalition – a collaborative group of 22 state-wide business, industry and urban renewal organizations – announced that their “Economic Development Recovery Strategy for New Jersey” is being presented to the Christie/Guadagno Administration and the 214th State Legislature. The goal of these select reforms and legislative initiatives is to make New Jersey more attractive to business and residents alike, through long-term smart growth and tax-relief strategies; greater efficiencies and collaboration within governing bodies; and various financial inducements as well as expedited permitting incentives.
The Coalition acknowledges that the new administration and legislative leaders are already considering some of the proposed reforms and initiatives outlined within this proposal, as they endeavor to improve New Jersey’s business climate. The Coalition supports these efforts to better-position and market New Jersey as part of a long-term business development and retention strategy.
Ted Zangari Esq., founder of the Coalition and redevelopment attorney with the Newark-based law firm of Sills Cummis & Gross said, “The Coalition has proposed a wide range of reforms that set New Jersey on the path of long-term recovery.”