THE RECESSIONAND looming health care cost increases have raised alarms among New Jersey business owners, who saw their state rated the nation's worst business tax climate for the fourth straight year. Verplanck is particularly concerned with a measure in the House bill that will increase income taxes on high -wage earners to pay for health care reform - a proposal she said hasn't yet received much attention.
Buy or lease, it’s your call THIS WEEK Trenton outsourcing helps companies avoid massive purchases of tech items that quickly depreciate. Page 19 ® Banking & Finance Spotlight $2.00 NOVEMBER 23, 2009 www.njbiz.com New Jersey legislators see room for compromise on issues that affect businesses in the state. Towns seek edge in attracting employers Page 8 Rising taxes and fear of a Real Estate health care mandate have business owners afraid they’ll Christina Mazza be driven out of New Jersey, Economic development agencies court small businesses one drop By martin c. daks opment agency in 2010. morE muniCiPAliTiES in new “We’re happy to have a big Jersey are launching or expanding company like Johnson & Johnson’s economic development agencies in Ortho-Clinical Diagnostics here, but the hopes that a local touch will give we’d also like to reach out to small at a their town or city an edge in attracting businesses,” said mayor Jo-Ann time employers during a tough economy. Liptak. “in this trying economy, out- Investors are showing increasing one example is raritan Bor- reach efforts like this are even more interest in the multifamily market. Page 10 ough, which hopes to open a devel- ➤➤ See ECONOMIC on page 6 Finance Christina Mazza Joe Kelly, owner of Jay-Kay Wine & Li- quor, says annual tax and fee increases are Lawsuit shows it’s tough to prove a wearing him down. company is master of its doman name. Page 13 By andreW kitchenman Sales Tips Camden firm taps tech THE rECESSion AnD looming health care cost increases have raised alarms Page 14 among new Jersey business owners, who saw their state rated the nation’s Economic Heartbeat worst business tax climate for the fourth straight year. to thwart cyber threats October marks another month of Joe Kelly, owner of Jay-Kay Wine & Liquor, in Bordentown, said annual private-sector job losses in New Jersey. tax and fee increases are wearing him down. Page 15 “All these things add up — it gets more and more expensive” to oper- ate a business, Kelly said, citing an increase in liquor license costs. now Opinion he is concerned about whether there will be a federal mandate to provide Rising demand for virtual safety fuels startup’s growth Page 16 health insurance. Scene new Jersey Chamber of Com- Inside By shankar P. The public outrage that fol- Page 31 merce President Joan Verplanck ■ Economic recovery means on A SATurDAY night in late may, lowed and police reassurances to pointed to the potential effect that planning for higher taxes in the thousands of teens converged and crack down on this new form of To subscribe to NJBIZ, call 866-288-7699 federally mandated health care new year. Page 12 went on a rampage in South Phila- street crime paved the way for a costs will have on already overbur- ■ Disclosure requirement may delphia, hijacking a taxi, ransacking half-a-million-dollar contract from
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