ATLANTIC CITY, NJ—A more regionally focused approach to zoning and planning for commercial construction is probably the most critical issue facing New Jersey's commercial real estate industry, says incoming New Jersey Builders Association president Dwight Pittenger, president of Neptune, NJ-based Pittenger Builders.
In a wide-ranging exclusive interview with GlobeSt.com during the Atlantic Builders Convention in Atlantic City, Pittenger suggested that the state consider identifying industries that are critical to the state's development objectives, such as pharmaceuticals or technology, and then organize regional planning and zoning processes so that those industries could gain faster approval of new business locations that is currently possible at the municipal level.
Pointing to General Electric's recent announcement that it would move its corporate headquarters from Fairfield, CT, to Boston after more than 40 years in Connecticut, he says it is conceivable that New Jersey-based companies could become similarly frustrated with economic development delays in the Garden State.
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