Page 12 - midJersey Business - April 2015
P. 12
News Desk
S
Why Do Companies Leave?
B
Panel passes bill to help keep and attract employers
O
J
he Senate Budget & Appropriations Committee unanimously
passed legislation sponsored by Senate Republican Budget Oicer
Anthony Bucco to help ultimately eliminate the actual reasons
why employers leave New Jersey.
“Legislators and governors hear anecdotes as to why employers
T leave our state,” says Bucco (R-Morris). “But too often companies leave this
state or shut their doors or lay people of without a full and detailed under-
standing as to all the reasons why. This legislation will provide state leaders
with the answers necessary to correct the actual root causes of job loss here
and, in turn, make New Jersey more attractive to job creators.”
Bucco’s bipartisan legislation, S-2710, requires the state Department of
Labor and Workforce Development to execute a comprehensive survey to
explain why businesses leave or downsize. Results from the written survey,
which would be created with input from the state Economic Development
Agency, would be compiled into a report. That report
must be promptly published on the department’s Anthony Bucco
website and submitted to the governor and legisla- hopes the new survey
ture. To maximize participation and candor, it would will get to the root cause
ensure the anonymity of businesses that respond.
of why businesses leave
the state or downsize.
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