Former New Jersey state Sen. Raymond Lesniak sponsored all of New Jersey’s tax incentives legislation.
He talked about his pride in what the programs have meant for the state.
“New Jersey’s tax incentives have created 252 economic development projects, $4.5 billion of private capital investment, attracted 30,000 new jobs, retained 30,000 jobs, created tens of thousands of Building Trades jobs and brought huge revenue growth for the state that is at the bottom of being business friendly. Hopefully, Gov. Phil Murphy and the Legislature will quickly come to an agreement that will mend our tax incentives and not end them. Otherwise, other states will literally eat our lunch.”