In the past, New Jersey has deserved its reputation as a state which is "over regulated" and not conducive for business. Traditionally, the state has been burdened with high taxes, high cost of living, and has offered few incentives to retain businesses in the state or to attract new companies from neighboring states.
This business-prohibitive climate has improved over the past few years through the Governor's office and the State Legislature, which has provided several new incentives to companies that choose to stay in New Jersey or to relocate to our state's urban centers.
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