This blog will be on Guadagno’s and growing New Jersey jobs.
From Kim’s website, “Since becoming the Garden State’s first Lieutenant Governor in 2010, Kim has been working to cut government red tape, recruit new businesses and help existing businesses stay and grow in New Jersey. Thanks to her efforts, New Jersey has added 278,000 net new private sector jobs and more than 100,000 new businesses have filed paperwork to setup shop across our state in 2016 alone. Kim has worked collaboratively with the business community to cut the number of pages of state regulations in half. While New Jersey’s economy has improved and become more responsive to the business community, we can and must do better.
Kim understands that to truly unleash New Jersey’s economy, our leaders in Trenton must get serious about lowering the tax burden on families while fostering a more welcoming, customer-friendly environment for businesses. Growing our economy also includes revitalizing our urban areas to attract jobs and a young, educated workforce, investing in new technologies and start ups, and expanding our state’s manufacturing base.”
The above is a nice piece of fluff, but does not address the serious problems that New Jersey based businesses have operating in this state. Firstly there are the onerous business taxes that have to be paid, secondly is the problem of complying with local and state regulations and of course the problem of finding competent workers.
Small business views this state as very unfriendly towards the efforts trying to stay in business while obeying the myriad of regulations and making sure not to make a mistake when filling out paperwork for the Division of Taxation. God forbid that a minor mistake is made, you will automatically be fined without a chance to fix the mistake first.
And how about all the regulations that have to be followed without messing up? Or trying to comply with conflicting hard to understand regulations that are just down right small business unfriendly.
As for small business incentives, well good luck trying to get any. Per New Jersey Business magazine, “New Jersey isn’t known for offering small businesses much in the way of tax incentives. According to Ruggeri, many of the options that can be used to lower federal taxes don’t benefit small business owners in New Jersey. “On the federal side, there’s always been the incentive to accelerate depreciation and completely write off the cost of certain assets, giving the small business owner the opportunity to reduce their taxable income and therefore pay lower taxes … but those incentives don’t exist in New Jersey.”
So Ms. Guadagno how about telling us voters just how exactly you will address these issues?
That is my opinion- Jumpin Jersey Mike
