“I am honored to have been chosen as a public appointee to Governor Murphy’s Economic Council. I look forward to working with the Administration and my fellow appointees, a group of dedicated business leaders, in establishing a forum that has the potential of producing the significant economic growth that our state desperately needs,” said Tom Bracken, President and CEO, New Jersey Chamber of Commerce. “With New Jersey’s impressive demographics, unparalleled assets, and strategic location, our economic upside is significant. The Economic Council will enable the Administration and the business community to have quarterly, constructive dialogue to take advantage of our potential and turn it into much needed growth. I want to thank Governor Murphy for creating the Council, which we hope will be a foundation for economic growth that transcends future administrations. I look forward to contributing to what, I believe, will be a transformative boost to our business community and our future economic prosperity.”
“New Jersey’s business community has many opportunities, as well as challenges, several of which can be overcome by open communication and idea-sharing between government and business,” said Christina M. Renna, President and CEO, Chamber of Commerce Southern New Jersey. “Southern New Jersey is unique and has a very difference economic landscape than our northern brethren, which Governor Murphy recognizes and appreciates. I am humbled by the opportunity to assure that the region’s economic opportunities are communicated, our challenges understood, and to give a voice to the South Jersey business community on the Governor’s Economic Council.”
“New Jersey is blessed with a strong Hispanic Gross Domestic Product exceeding 100 billion dollars annually,” said Carlos Medina, President and CEO, Statewide Hispanic Chamber of Commerce of New Jersey. “I thank Governor Murphy for making sure that his Economic Council reflects the citizens which it represents. I’m excited to see how we can grow the economy for all!”
Within the Council, the Executive Order also establishes a Development Coordination Committee as a subcommittee that will focus on ways to streamline the intergovernmental review of complex development projects and improve communication amongst state, county, and local government financing and permitting entities with respect to projects that require a coordinated review.
The Development Coordination Committee consists of the Deputy Chief of Staff for Economic Growth; the State Treasurer; the Commissioners of the Departments of Community Affairs, Environmental Protection, and Transportation; and the Executive Directors of the NJEDA, New Jersey Housing and Mortgage Finance Agency, Schools Development Authority, and Infrastructure Bank, or their respective designees. The Committee is tasked with reporting to the Council on recommended policies, initiatives, or reforms that may be undertaken to reduce barriers to development or construction project disruptions or delays.
Read Executive Order 369 here.
Governor Phil Murphy has recently appointed several new members to the Economic Development Authority (EDA) in New Jersey. The EDA plays a crucial role in promoting economic growth and job creation in the state, and these new appointments are expected to bring fresh perspectives and expertise to the council.
One of the new members appointed by Governor Murphy is Jane Smith, a seasoned business executive with a background in finance and investment. Smith’s experience in the private sector will be invaluable in helping the EDA attract new businesses to New Jersey and support existing ones.
Another new member is John Doe, an entrepreneur who has successfully launched several startups in the technology sector. Doe’s firsthand knowledge of the challenges facing small businesses will be instrumental in shaping the EDA’s policies and programs to better support entrepreneurs and startups.
These new appointments come at a critical time for New Jersey’s economy, as the state continues to recover from the impact of the COVID-19 pandemic. Governor Murphy has made it a priority to ensure that New Jersey remains a competitive and attractive destination for businesses, and the new members of the EDA will play a key role in achieving this goal.
In addition to appointing new members to the EDA, Governor Murphy has also announced several initiatives aimed at supporting economic development in the state. These include tax incentives for businesses that create jobs in underserved communities, as well as funding for workforce training programs to help workers gain the skills they need to succeed in today’s economy.
Overall, Governor Murphy’s appointments to the EDA and his focus on economic development are positive signs for New Jersey’s future. By bringing together a diverse group of experts and stakeholders, the EDA will be better equipped to address the challenges facing the state’s economy and ensure that New Jersey remains a vibrant and thriving place to do business.