Pennacchio Announces New Senate Republican Bills to Foster Job Creation, Retention

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Following the most-recent news of a major New Jersey employer reportedly going to move its operations and employees to a more affordable, business-friendly state, Assistant Senate Republican Leader Joe Pennacchio unveiled several new bills to lower excessive costs for businesses and in turn create opportunities for New Jersey families, residents, entrepreneurs and employers.

Sen. Joe Pennacchio unveiled the “Reducing Excessive Costs” package of legislation to lower costs for New Jersey businesses and create opportunities for families, residents, entrepreneurs and employers. (SenateNJ.com)

“Today we read of yet another company that could take 1,000 hard working employees and families to a state where it reportedly costs as much as 20 percent less to do business,” said Pennacchio. “We know from talking with employers that we have to take feasible steps to address the high energy costs and overall cost of doing business in New Jersey that puts companies here at a steep disadvantage and makes it much more difficult to add jobs. We also need a fuller understanding of how New Jersey’s tax policies and incentive programs stack up to those in other states.”

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