Bill Text: NJ SJR72 | 2018-2019 | Regular Session | Introduced


Bill Title: Designates second Monday of May each year as "New Jersey Economic Development Day."

Spectrum: Slight Partisan Bill (Republican 6-2)

Status: (Passed) 2019-05-13 - Approved P.L.2019, JR10. [SJR72 Detail]

Download: New_Jersey-2018-SJR72-Introduced.html

SENATE JOINT RESOLUTION

No. 72

STATE OF NEW JERSEY

218th LEGISLATURE

 

INTRODUCED MAY 10, 2018

 


 

Sponsored by:

Senator  ROBERT W. SINGER

District 30 (Monmouth and Ocean)

 

 

 

 

SYNOPSIS

     Designates second Monday of May each year as "New Jersey Economic Development Day."

 

CURRENT VERSION OF TEXT

     As introduced.

  


A Joint Resolution designating the second Monday of May each year as "New Jersey Economic Development Day" in New Jersey.

 

Whereas, New Jersey would experience significant benefits from coalescing government and economic development programs and uniting private-sector economic stimulus through focused annual commerce enhancement programs; and

Whereas, The State of New Jersey can foster innovation in the State's economy by funding and investing in business owners in New Jersey to promote, stimulate, and grow small businesses; and

Whereas, An annual statewide job fair would promote and coalesce business promotion between all New Jersey businesses.; and

Whereas, By coalescing government and economic development programs and enhancing business promotion activities, the State of New Jersey can create new efficiencies within existing tax revenue; and

Whereas, The strength of New Jersey's economy is rooted in the State's highly educated and work-ready employee base, its resourceful inventors, its dynamic entrepreneurs, and its spirited small business owners; and

Whereas, Those strengths are themselves the product of strong investment in New Jersey's schools and New Jersey's distinguished network of colleges and universities; and

Whereas, New Jersey is located in the heart of one of the world's most affluent and concentrated consumer markets; and

Whereas, New Jersey's geographic location, within 500 miles of nearly 40 percent of the population of the United States, its multimodal transportation assets, including major road, rail, port, and airport assets, and its unparalleled human capital, positions New Jersey to pursue robust economic growth for decades to come; and

Whereas, In order to capitalize on the State's many competitive advantages, the State of New Jersey, its agencies, institutions, and local governments, should better assess and coordinate the varied economic and workforce development programs and incentives that they offer to businesses and residents alike; and

Whereas, The State of New Jersey, jointly with its diverse institutions and local governments, should work to pool resources, expertise, skills, and funding to spur economic development in this State, in part through efforts to empower minority and underdeveloped small businesses and to enhance their continued economic growth; and

Whereas, The State of New Jersey, in coordination with its local governments, should comprehensively assess the State's economic development policies and take appropriate policy actions to provide support to New Jersey businesses, and to strengthen the economic futures of those businesses; and

Whereas, The State of New Jersey, in coordination with its local governments, should prioritize return on investment from each economic development dollar spent on incentives in this State, in order to best stimulate broad and targeted economic growth in New Jersey; and

Whereas, The State of New Jersey and its local governments can work more closely with private sector businesses and business development organizations to establish, monitor, and strategically expand commerce enhancement programs in this State; and

Whereas, The State of New Jersey and its local governments can do more to engage with private sector experts to evaluate current economic development programs and recommend policy changes to reduce the loss of tax revenue to obsolete, overlapping, and ineffective programs; and

Whereas, The State of New Jersey can increase return on investments and achieve greater efficiency in its economic development efforts by combining, coordinating, and leveraging economic development dollars; and

Whereas, Coordinated and strategic economic development efforts will increase State revenue and improve the long-term fiscal health of the State of New Jersey; now, therefore,

 

     Be It Resolved by the Senate and General Assembly of the State of New Jersey:

 

     1.    The second Monday of May each year is designated as "New Jersey Economic Development Day" in New Jersey to encourage collaboration and innovation in, and to promote, State and local economic development programs.

 

     2.    The Governor is respectfully requested to annually issue a proclamation calling upon public officials, business leaders, and the residents of this State to organize and attend events, including, but not limited to, job and business fairs, business networking events, and government assistance program promotion events, to  discuss job creation, economic resiliency, and how to optimize and streamline economic development programs to empower communities and continue to foster economic growth in New Jersey, and to observe "New Jersey Economic Development Day" with other appropriate activities and programs.

 

     3.    This joint resolution shall take effect immediately.

 

 

STATEMENT

 

     This joint resolution designates the second Monday of May of each year as "New Jersey Economic Development Day" in New Jersey to encourage collaboration and innovation in, and to promote, State and local economic development programs.

     New Jersey's geographic location, its multimodal transportation assets, and its unparalleled human capital, positions New Jersey to pursue robust economic growth for decades to come, so long as the State, in coordination with its local governments, prioritizes return on investment from each economic development dollar spent on incentives.  By pursuing better coordination of strategic economic development efforts, New Jersey has the ability to stimulate broad and targeted economic growth while increasing State revenue and improving the long-term fiscal health of the State.

     The joint resolution requests that the Governor annually issue a proclamation calling upon public officials, business leaders, and the residents of this State to organize and attend conferences to discuss job creation, economic resiliency, and how to optimize and streamline economic development programs to empower communities and continue to foster economic growth in New Jersey.

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