The Bloustein School issued its first survey of state business leaders conducted as part of the New Jersey Economic Policy Forum, a three-year initiative involving the Bloustein School, the New Jersey Chamber of Commerce and five trade associations. Drawing responses from nearly 150 senior executives, the "C-Suite Survey" found that 92.5 percent of the respondent companies were committed to staying in New Jersey, and a large number had plans to expand, " according to Dean Hughes.
Accessibility, location, workforce, education system and health care were among the key advantages of doing business in New Jersey, said Dean Hughes. Among the disadvantages of doing business in New Jersey, high housing costs, tax levels, and local and state regulations were cited.
The “C-Suite Survey” was conducted during the fall of 2007 and will be repeated this fall and again in 2009. The 2007 survey asked 300 senior executives to address issues such as regulations, permitting processes, taxation and the relationship between state government and the business community. The survey reached out to executives in financial, professional and business services, as well as in manufacturing and other sectors.
A priority for the survey was to identify opportunities for positive intervention by state government.
"The survey’s goal is to gauge the perceptions of industry leaders about the New Jersey business climate and the future needs of the economy,” said Dean Hughes. “Their assessments will provide the foundation for the major analyses and recommendations of the Economic Policy Forum."
In addition the state chamber and the Bloustein School, the forum members include the state chapter of the National Association of Industrial and Office Properties, the Health Care Institute of New Jersey, Financial Executives International, the New Jersey Technology Council and BioNJ. Tony Marano, a Rutgers grad and CEO of the Americas for Cushman & Wakefield, said his firm agreed to sponsor the C-Suite Survey over the next three years.