Against the backdrop of a new Governor next month and a year-old US presidency, a panel of three experts addressed economic-related concerns during the first morning session of the New Jersey Business & Industry Association’s (NJBIA’s) Impact Symposium, held at the Hamilton Manor, Hamilton, with approximately 100 people in attendance.
If a theme began to develop in the early morning, it might be described as exploring how New Jersey’s many attributes, such as proximity to Manhattan and Philadelphia, and our top-tier school systems weigh against our highest-in-the-nation property taxes and other high costs. For example, in Manhattan, which has its own dynamics, the housing rental market is has “tapped out” millennials, and they might spend 50 percent or more of their income on rent, according to panelist Frank Ferruggia, partner at the law firm of McCarter & English, LLP.