New Jersey’s Economic Future

This new report from McKinsey and Company – Reseeding the Garden State’s economic growth: A vision for New Jersey – discusses the main factors that should fuel the state’s growth and employment future: encouraging the growth of young companies (incubators); infrastructure; workforce profiles; and growth incentives. Highlighting programs from other states (Virginia and Maryland) as well as a German university model, along with informative “exhibits” (exhibits 8-11 present a great amount of New Jersey-centric information) comparing New Jersey to other states and the nation, this brief report makes it obvious that New Jersey’s future can be bright, given the abundance of developing sectors in the state. The paper concludes by stating: “It will take dedicated efforts by the private, social, and public sectors—and the involvement of us all—to make the Garden State a growth leader again.All stakeholders can take encouragement from the experience of other states that have faced all the same challenges and hurdles—and remember the unique strengths that can make New Jersey a growth leader.”(25)

 

 

 

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