New Jersey Continues its Aggressive Economic Development Efforts in Competitive Markets
Joined by Lt. Governor, Choose New Jersey Continued to Promote Business Opportunities to Companies and Media in New York and Philadelphia
PRINCETON, N.J., Nov. 29, 2011 /PRNewswire/ -- Earlier this month, New Jersey Lt. Governor Kim Guadagno and Tracye McDaniel, President and CEO of Choose New Jersey, met with corporate executives, company location advisors, and journalists in neighboring states to raise awareness of New Jersey as a prime location for investment.
In cooperation with the Christie Administration's aggressive economic development strategy, the Lt. Governor and Choose New Jersey detailed ongoing efforts to address the need to ensure the state grows its increasingly pro-business climate, incentives, and other key assets. The pair had in-depth meetings with corporate decision makers in targeted industries – including financial services and food manufacturing – making it clear that New Jersey wants their business. The team also met with leading national and regional media to tout the state's attraction and retention efforts.
"We are inviting corporate decision-makers to seriously consider New Jersey as a place for investment. New Jersey is one of America's top states for access to capital and boasts one of the most highly-educated workforces. The time is now to invest in New Jersey," said Tracye McDaniel, Choose New Jersey President and CEO.
Companies from across the nation have begun to take notice of the state's improving business climate. Last month, Damascus Bakery relocated its headquarters and operations from Brooklyn, NY, to New Jersey, investing $3.5 million. And Allergan, Inc. just announced it has chosen New Jersey as home for a new R&D facility, bringing to the state several hundred new high-wage jobs and an estimated $12 million in capital investment. Since January 2010, the Administration has created 49,000 jobs through October 2011.
The Garden State is revamping economic development efforts by creating the Partnership for Action – made up of Choose New Jersey, NJ Business Action Center and NJ Economic Development Authority – implementing key tax policy changes, streamlining regulation for business, and expanding company relocation and retention incentives. The administration recently proposed the State Strategic Job Growth Plan—a plan to boost employment and to help New Jersey meet its long term economic development goals.
"The New York and Philadelphia mission is one of the many ways Choose New Jersey and the Administration will work together to market the state and build its reputation among key audiences," said McDaniel. "We are working to attract the type of investments that will create jobs and benefit our community."
Additional mission trips are already being planned in key U.S. and international markets, continuing New Jersey's aggressive strategy to increase jobs and capital investment in the state.
Choose New Jersey:
Choose New Jersey is an independently funded and operated 501(c)(3) nonprofit corporation created to encourage and nurture economic growth throughout New Jersey, including a focus on making the state's most distressed cities engines for growth and opportunity. For more information, visit www.choosenj.com.
Contact: Melissa Hensley, 609-297-2192
[email protected]
SOURCE Choose New Jersey
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