New Jersey Chamber of Commerce

216 West State Street, Trenton, NJ 08608 | 609-989-7888

I applaud the governor for the new tax incentive programs he proposed yesterday.

On the heels of his comments in the State of the State address, it was important for him to reaffirm the need for tax incentives in New Jersey’s overall economic plan.

In reviewing the programs that the governor outlined, we ask that the incentives in the newly announced NJ Forward program be made eligible to more small- and mid-size businesses. 

Our understanding is that hundreds of thousands of New Jersey businesses, representing many sectors and all regions of the state, would not be eligible for tax incentives under the proposed program, even though these businesses represent the backbone of our economy. 

If we want to make our state more business friendly and attractive, we should incent growth as broadly as possible. Expanding eligibility to more businesses could carry with it more stringent eligibility criteria, but small- and mid-size businesses deserve access to incentives to encourage their growth.

Also, we suggest that the $200 million cap on the NJ Forward plan be soft, rather than mandated.

This would allow for review of the program once the cap is hit, and enable the state to stop the incentives at that point, or raise the cap if it is determined the program is generating solid net benefits to the state.

To be competitive in the business arena, incentives are mandatory. The more comprehensive the incentives, the more attractive New Jersey will be as a business-friendly state.


About the New Jersey Chamber of Commerce

The New Jersey Chamber of Commerce is a business advocacy organization that represents its members on a wide range of business and education issues. Based in Trenton, the organization also links the state's local and regional chambers on issues of importance through its grassroots legislative network. 

NJCC 2022 Biz Summit WEB
March 14-15, 2023 | Harrah's Atlantic City

Media Contacts

Scott Goldstein
New Jersey Chamber of Commerce
scott@njchamber.com
609-989-7888 x113
Cell: 609-220-0836


 Kevin Friedlander
New Jersey Chamber of Commerce
kevin.friedlander@njchamber.com
Cell: 732-266-3885

2023 NJ Chamber Events

Mar 2

NJCC Small Business Series
Recruiting and Keeping Talent During Challenging Times

Where: Virtual Event
When: 9 a.m. - 10 a.m.
Free to participate


Mar 14-15

ReNew Jersey Business Summit & Expo 2023
Where: Harrah's Atlantic City


Apr 26

Evening Networking Mixer

Where: ShoreTown Ballpark, Lakewood 
When: 5 p.m. – 7 p.m.


Upcoming Events

Apr 12

NJCC Business Roundtable Series
Breakfast with Assemblywomen Muñoz & Swain

Where: TBD
When: noon – 2:30 p.m.


May 10

NJCC Business Roundtable Series
Lunch with State Senators Sarlo & Oroho

Where: Hilton Garden Inn Hamilton
When: noon – 2:30 p.m.


May 15

NJ Chamber Challenge Cup Golf Tournament

Where: Bedens Brook Club, Skillman
When: Registration opens at 10 a.m.


June 8

26th Annual NJ Chamber Open House and Reception

Where: The New Jersey State Museum, Trenton
When: 4 p.m. to 7 p.m.


Dec 7

Annual Member Holiday Party

Where: Calandra's Italian Village, Caldwell
When: 5 p.m. - 8 p.m.


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