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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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
