Senator Anthony Bucco

August 4, 2008

Contact: Bill Murray / (609) 292-5199
Senator Anthony R. Bucco (R-25)

National Envelope’s Exit Underscores Need for Immediate Action

Senator Anthony Bucco urged Governor Jon Corzine to move quickly to develop a strategic plan for stemming the exodus of high-paying businesses from New Jersey. The state has lost more than 14,000 jobs this year.

“The National Envelope plant in Union is closing its doors, another victim of the state’s unfriendly business climate. The plant employed more than 171 people in New Jersey.

“Our economic development program has atrophied into a slow-moving and ineffective bureaucracy that can’t respond when the state is in danger of losing jobs or businesses. New Jersey can no longer rely only on its prime location to keep high-paying businesses. It must have a world-class economic development strategy, or risk losing high-paying businesses such as National Envelope, Roche or BlackRock Financial.

“I urge the governor to call the legislature back into session this summer to consider a package of economic and stimulus bills. Tax and economic policies that are dragging down the state must be eliminated. New Jersey is in competition not just with other states, but with every nation of the world for industry and the jobs it creates.

“It took years to erode New Jersey’s reputation as a good place to do business. It must not take as long to restore that image. We must act now because the economic future of our children and their children is at stake. I urge the governor to call an immediate summer session on economic development to address this critical situation.”

Link to Post:

http://www.senatenj.com/index.php/bucco/bucco-action-on-economic-development-cant-wait-for-fall/765

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