John Cromie, Chair of Connell Foley's Corporate and Business Law Group, contributed to the article "New Businesses Are Key to Economic Growth" in the September 2019 issue of COMMERCE Magazine.
The article provides insights from leaders in New Jersey's legal and accounting fields, who were asked to discuss "how New Jersey could become more business-friendly, and how they are assisting their clients."
As John wrote for the article, "Small businesses are the economic engine of New Jersey. The most important steps that state, county and local governments can do to create and foster a more entrepreneur-friendly environment are to commit to policies that encourage business formation and growth, the free flow of capital and job creation. Government at all levels needs to lower taxes, eliminate and simplify business regulations, and assist small business owners in attracting and retaining a well-qualified labor force. New Jersey enjoys many advantages over other states, but government and administrative agencies must be mindful of the challenges faced by entrepreneurs and small business owners and take steps to support economic growth for the benefit of New Jersey and the region. These policies will help attract and keep small business owners in New Jersey."
To read the entire article, please visit the COMMERCE website.