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Change is needed to help New Jersey businesses survive

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New Jersey’s restaurants and businesses can hardly afford another round of closures, restrictions or extended unemployment benefits.

Many have stayed afloat over the past few months and since March 2020, but many have had to close their doors temporarily or permanently for the above reasons or branches, including a labor shortage.

Taxes continue to rise, people are moving away or retiring elsewhere, and those who stay hope New Jersey will become more affordable to live and work in.

The Covid pandemic has in some circles exposed the state’s financial issues that need to be addressed so that people have a better chance of getting what they need for their homes, families, businesses, etc.

State Senator Michael Testa (R-LD1) has questioned the New Jersey Department of Labor and Workforce Development and patted himself on the back for the progress they made in 2021 in a press release earlier this month.

“The Labor Department Commissioner was commended for the great job they have done. If I had to give the Department of Labor a grade, they would get a D at best,” Testa told Townsquare Media News. “Let’s be honest about their performances during the Covid-19 era, they still don’t see people in person. There are thousands and thousands of people that my Legislative District Office has helped.”

Testa explains that the people asking for help are “extremely frustrated” with what’s going on and are trying to get help to stay afloat, pointing to the Department of Labor and the Murphy administration.

“You have employers who are just not sure what they need to do to stay open, how many people they are allowed to have there, whether everyone needs to be vaccinated, whether everyone needs to be empowered – it’s really up to our employers in one real conundrums about what to do,” Testa told Townsquare Media News. “The Murphy administration proves time and time again that they are out of touch with the average New Jerseyer and so deaf to the needs of the average New Jerseyer and business owners. They have to look at their own balance sheet they have a crush on 1/3 of all the small businesses in the state of New Jersey during the Covid-19 era that will never open their doors again we’re talking about multi-generational businesses, the small mom and pop businesses, who are the backbone of our economy, who are the backbone of our culture and our community.”

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“You keep hearing from this administration (Murphy administration) that they want to make New Jersey stronger and fairer while they make New Jersey weaker and poorer. Every single decision they’ve made has made New Jerseys weaker and poorer,” Testa said. “We have seen that over 30 percent of our small businesses will never open their doors again. We need to find out the situation of the Department of Labor.”

Senator Testa has introduced legislation that would seek to speed up the process to help small businesses in particular stay afloat and recoup some money they had to spend on Covid-related expenses.

The statement, (S-4254), which the Senate approved, would allow companies with fewer than 50 employees to receive a tax break.

“New Jersey is all about our small businesses. As our small businesses close and close their doors forever, New Jersey residents will already be in a worse position than they are right now,” Testa said. “This bill is helping our small businesses recoup some of their costs, getting back on their feet, stabilizing the totally unfounded territory they’ve found themselves in and helping them navigate the difficult waters that Covid -19 just brought her.”

Under Testa’s bill, companies that qualify would also receive “up to $150,000 in bonus depreciation allowance for expenses resulting from compliance with health and safety requirements imposed by Murphy’s Executive Orders.”

The stresses on the small businesses and restaurants that form the backbone of our Eonaocmoy may also correlate to the state of New Jersey’s overall financial woes as taxes rise and it becomes unaffordable to live and work here.

“I’ve said that countless times in the Senate, since probably my first month in the Senate, that you hear terms like ‘justice’ appended to different words, whether it’s educational justice or environmental justice — that has to be the term ‘Taxpayer’ appended,” Testa said. “There must be taxpayer justice in the state of New Jersey. These are alarming statistics to deal with, and really, completely ignored, New Jerseyers are the most tax-heavy citizens in the United States of America. People are under a lot of stress These are studies conducted and circulated on regular news, mainstream news sites that New Jerseyers in the United States of America are most stressed because New Jersey is financially unstable due to the prospects – how am i okay I’m going to afford a house, how am I going to pay taxes, how am I going to afford gas in my car now, how am I going to afford to buy beef and chicken now — New Jerseyers are stressed.

You can see/hear more from Senator Testa in the latest episode of ‘Eyes on The Jersey Shore’.

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