64 TH ANNUAL NJBIA BUSINESS OUTLOOK SURVEY 3 Affordability A majority (75%) of respondents said Gov. Phil Murphy and lawmakers have not done enough to address business affordability in the past 12 months. (Right Chart) Further, a combined 82% said New Jersey is either somewhat unaf-fordable for business (46%) or not affordable at all for business (36%). (Left Chart) What do you view as the top method to improve business affordability in New Jersey? 19% What best describes your position on business affordability in NJ? Have NJ lawmakers done enough to address business affordability in the past 12 months? 75% No 20% Not Sure Reduce corporate business taxes Reduce income taxes Reduce property taxes Reduce healthcare costs Reduce labor regulations Reduce insurance costs Reduce state & local goven’t fees Reduce sales taxes Reduce environmental regulations Reduce energy costs Increase tax credits for equipment Other 17% 17% 13% 7% 6% 5% 4% 3% 3% 2% 5% 36% 46% Affordable 18% 1% 17% 5% YES n Very affordable n Somewhat affordable n Somewhat unaffordable n Not affordable NJBIA.ORG | 800-499-4419
NJBIA NJBIA's 64th Annual Business Outlook: Page 3
