TRENTON, NJ—The massive and continuing development of large industrial properties for distribution of ever-larger cargos out of the Port of New York and New Jersey could cause economic problems for New Jersey and the region if the transportation infrastructure for those facilities does not get upgraded as well, the president of New Jersey's State Chamber of Commerce is warning.
Thomas Bracken, chamber president, expressed his concerns in an appearance earlier this month before the New Jersey Bank Marketing Association's economic outlook meeting in Clark, NJ, and tells GlobeSt.com exclusively that "We need to have roads that keep the incoming cargo from piling up."
"This is a very big logistics state, it's one of the biggest industries we have, it accounts for a lot of the revenue and the gross state product," Bracken says. Disruption of that industry would have a negative effect on the rest of the state's economy, he adds. "The port is one of our biggest assets and we want to take advantage of it. Without an influx of new money into the infrastructure fund, that's not going to happen."
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