Wednesday, August 02, 2006

Can New Jersey Compete?

From the Times Trenton:

Summit attendees lament losses in manufacturing jobs

New Jersey is losing manufacturing jobs and, with them, its competitive edge in a global economy.

That was the consensus of participants in a business summit held yesterday at Mercer County Community College's Conference Center.

"There's no question we need to adjust our thinking in how we do business and how we compete," said U.S. Rep. Rush Holt (D-Hopewell Township), who spoke at the summit, "Maximizing Your Business Potential," that drew representatives from more than 60 manufacturers from central New Jersey.

Between 2000 and 2005, according to Holt, New Jersey lost 98,900 high-paying manufacturing jobs.
...
"New Jersey still maintains, in some ways, a leading-edge economy," Holt added. "But we're at risk for losing that edge."

Holt said he has been supporting legislation on the federal level that would improve conditions for businesses. Among other things, Holt said he hopes to make a federal tax credit for research and development permanent and easier for small businesses to use.

"New Jersey has a tradition of research-based industry and we should embrace that," Holt said.

6 Comments:

Anonymous Anonymous said...

nj has lost the edge.

look around , leaving fast as fast.

taxes for the workers , highest in
nation.

writing on wall.

Housing prices, look out below

8/02/2006 05:31:00 AM  
Blogger grim said...

The Australian Central Bank raised rates 25bp to 6% last night.

Policy decisions BOE and the ECB are expected tomorrow. Expectations are on the BOE to hold, and the ECB to raise 25 bps.

grim

8/02/2006 06:39:00 AM  
Anonymous Anonymous said...

" said U.S. Rep. Rush Holt (D-Hopewell Township), who spoke at the summit, "Maximizing Your Business Potential,"

What next, Klu Klux Klan member speaking at the Diversity conference ?

8/02/2006 08:43:00 AM  
Anonymous Anonymous said...

Will someone please explain what manufacturing jobs are left in NJ? I thought they all bagged years ago.

8/02/2006 12:04:00 PM  
Anonymous Anonymous said...

Compete? We already lead the world in '80s-vintage Camaros/capita and sleeveless t-shirt wearing mall-rats as a percentage of the workforce.

8/02/2006 12:32:00 PM  
Anonymous Bill said...

Saw an Oregon bubble blog that predicts that The Sopranos will have a housing bubble-related storyline next year (Carmela's spec house). Who knows, maybe??

8/02/2006 09:49:00 PM  

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