What has been holding us back and how do we fix it? Naroff Economic Advisors and EconsultSolutions were tasked by The New Jersey Business & Industry Association with determining, analyzing and benchmarking the state’s strengths and weaknesses. Given the size of the economy and the state’s wealth, it is clear we are doing a lot of things extremely well. But to the extent we are lagging, we need to identify the restraints that are keeping the business sector and the economy from reaching its full potential and analyze why those restraints are occurring, so that policies can be developed to improve New Jersey’s competitiveness.
- New Jersey must be positioned to take advantage of the key economic trends that will likely dominate growth in the next decade. We believe that three factors will dominate the state’s future economic performance: 1) the technical innovation economy, which requires high levels of education/skills and advanced research capabilities; 2) the mobile and “on-demand” Internet-based economy, which requires extensive goods and services distribution capacity; and 3) the global economy, which requires the physical and financial infrastructure to trade with the world.
For the full summary, click here: http://njbmagazine.com/monthly_articles/new-jersey-is-well-positioned-for-strong-future-economic-growth/?utm_source=MagnetMailfirstname.lastname@example.org&utm_content=12122015NJBIA%5FNJB%5FToday&utm_campaign=Report%3A%20NJ%20Ranks%2011th%20in%20Overall%20Residents%27%20Health
For the video, click here: https://www.youtube.com/watch?v=J6Ev0H7KQgU