Raymond M. Pocino on the
NJ Economic Recovery Act of 2020
In the middle of a global pandemic, there has never been a more urgent time to develop new and improved standards to recruit, retain, and support businesses here in New Jersey. Garden State residents will be pleased to know that this legislation incentivizes private investment and directs resources to help our main streets, our urban centers, our struggling communities, our working families, and businesses of all sizes.
It is a fact that New Jersey is competing with other states, other countries, to retain and attract job-creating businesses. While we must compete with other states, we should not be at war with our own future by crafting policies that are too generous or lax in accountability and compliance. It may have been a long time coming, but the New Jersey Economic Recovery Act of 2020 recognizes this point and gets it right for New Jersey.
I am grateful to Governor Murphy, Senate President Sweeney, and Assembly Speaker Coughlin for their roles in advancing legislation that is smart, targeted, transparent, and in the best interest of ALL New Jerseyans.
Raymond M. Pocino
Vice President – LIUNA
Eastern Region Manager