Contact Us
Make My Homepage

NJ Bills Target Manufacturing Sector [AUDIO]

Hoping to put a spark in New Jersey’s slow economic recovery, Asm. Troy Singleton (D-Mount Laurel) plans to introduce a series of bills that could shift the state’s manufacturing industry into overdrive.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

manufacturing, production line
Graham Denholm, Getty Images

The assemblyman said the manufacturing sector, which has diminished significantly over the past several years, has great potential to create opportunities for workers and growth for the state as a whole.

“We need to do more to stimulate this industry and to help promote it,” Singleton said. “In New Jersey, the compensation in this industry is more than $40,000 higher than if you look at any other non-farm employer in the state.”

Singleton’s measures are aimed at developing the necessary workforce to go along with the jobs that are available, as well as rewarding manufacturing entities that bring their business to the Garden State.

The assemblyman cited an “education gap,” noting employers in the manufacturing field are struggling to find help that’s actually industry-ready.

Under Singleton’s proposals, any manufacturing business that relocates from overseas to New Jersey would be in line for a tax credit of up to 15 percent for expenses. The assemblyman insisted companies need incentive to move operations to the northeast, where there are higher costs of doing business.

“Utilizing the tax code in this fashion is a responsible way of doing that,” Singleton said.

These efforts could help narrow the income equality gap that has “plagued” New Jersey, according to Singleton.

The bills are to be introduced by the end of March.

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!