When it comes to keeping and growing the technology and life sciences industries in New Jersey, a survey recently conducted by the New Jersey Tech Council revealed commonly proposed solutions: increased funding and decreased regulations.
According to more than 100 responses to the council’s Technology Community Survey, the top issues the technology and life sciences industries face are the cost of living, state taxes and regulations, and a lack of financial incentives from the state.
“It’s no surprise the tech entrepreneurs worry about New Jersey’s taxes and cost of living,” James Barrood, CEO and president of the Tech Council, said. “But, they also recognize important opportunities for the state to target incentives and seed funding for growth companies and entrepreneurs.
