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business12h ago
NJBIA Statement on Samsung Leaving NJ, State's Business Climate
- Samsung to relocate its U.S. headquarters from New Jersey to Texas.
- The move follows ExxonMobil’s departure from New Jersey after 144 years.
- NJBIA links the decision to decades of anti-business policies in New Jersey.
- The organization cites New Jersey's high corporate tax rate as a factor behind the exit.
- Governor Sherrill is urged to pursue policy changes to improve the business climate.
- The statement notes a potential for optimism if reforms are enacted.
- NJBIA plans to release a report on lost business opportunities in New Jersey.
- The organization urges lawmakers to avoid costly policies and embrace sensible reforms.
- NJBIA warns that failing to act risks further job creator losses in New Jersey.
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