NFIB Reacts to Gov. Murphy State of State Address

TRENTON (Jan. 12, 2021) – Today Governor Phil Murphy delivered his State of the State address in a pre-recorded video. NFIB, a small business association that advocates on behalf of thousands of members in the state reacted to the speech. The following comments may be attributed to NFIB’s New Jersey State Director Eileen Kean:

“The Governor’s speech had a lot of slick video production but there wasn’t much there for small businesses. As a matter of fact, when he listed his accomplishments, many have been mandates that are harmful to small businesses because they raised the overall cost of doing business.

“Now that many small businesses are hanging on by a thread financially, they may have preferred the Governor didn’t borrow over 4 billion dollars to fill a budget deficit because paying that bill and interest will fall on small businesses in the form of higher taxes.

The Governor said small businesses are the backbone of the local and state economy but the incentive program he highlights really doesn’t offer economic relief to them, but instead to new startups or attracting businesses from out of state. We need a recovery plan that focuses on keeping the suffering businesses already located on Main Streets open.

###

For more than 75 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is nonprofit, nonpartisan, and member-driven. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses, and remains so today. For more information, please visit nfib.com.