00:00:00
Speaker 1: Now more of the Marximone Show on seven ten woor filling in for Mark here again is Ken Rosato. Had a very good morning to you. It is great to have you on. My gosh, it is so good to be here in for the great Marximone who has the day off, nice long weekend and well deserved. We want you to give us a call at eight hundred three to two one zero seven ten, eight hundred three to two one zero seven ten, and we we're just getting some really good calls today. Anyway, you are listening to the Marximo Show on a Friday, and it is just a wonderful and interesting day. People going crazy with what's going on in Iran. We're going to talk more about that in just a little bit. In the meantime, Democrats have run New Jersey top to bottom for nine years, and during that time, spending has grown out of control, taxes have gone sky high, the business climate has become oppressive. Don't take my word for it. You could ask the heads of more than a dozen major corporations that called New Jersey home for decades, but they've now fled for states that have friendlier business climates. Most recently Samsung and Exon Mobile. Well, John Boyd Junior is the principal of the corporate site selection consultancy, The Boyd Company. It's based in Princeton. He's here to talk about that more. Good morning to John.
00:01:16
Speaker 2: Kay, Good morning. It's great to be with you.
00:01:18
Speaker 1: Good to have you on. Just for the record, John was nice enough to come on the TV show I do in New Jersey the other day and I said, Man, this guys so good, we got to have him on the radio show. So let's go through the rundown. Democrats in New Jersey control the governor's office, the State Assembly, the state Senate, both US Senate seats, nine of the twelve congressional seats, the state Supreme Court, and the mayor's offices of the fifteen largest cities in the state. So I'm not trying to condemn Democrats per se in New Jersey, but there's no question they controlled the whole bowl here. So not again, I'm not trying to be bashing to Democrats, but so they've controlled it all for nine years. So at this point, who else do you blame in New Jersey but the Democrats for what's going on with the businesses leaving.
00:02:05
Speaker 2: Well, Ken, I think you're hitting the nail on the head here. Business policy matters with respect to where companies decide to do business. Okay, you mentioned Samsung, and not every company is doing, you know, high profile relocations like Samsung. Okay, I mean, obviously Samsung is just the latest and a number of high profile corporate relocations out of New Jersey over the past decade or so. But equally concerning are the dozens of companies that are scaling in other states that are less costly, less taxed states like Florida and the Carolina is even New Jersey's neighbor Pennsylvania, which is growing its economy because of tax cuts. And I'm more of all of the above approach to energy. So the message is business policy matters, tax policy matters, and when a company like Samsung leaves New Jersey, you're talking about several hundred jobs, one hundreds of millions of dollars with payroll and taxable income leaving New Jersey over the next decade or so. And so it's the income tax and the sales tax losses. It's also the property tax burden that shifts the middle class New Jersey ins because corporate relocations equal decreased commercial property tax appraisals and revenue. But I think policymakers need to link the affordability crisis that New Jersey inster facing directly with the business climate and the dangers of this continued exodus of corporate investment and jobs.
00:03:32
Speaker 1: Yeah, and again, if if it were Republicans in office in New Jersey right now and running everything and this was happening, I would be condemnatory of them equally. So it's a matter of just what you're saying, whoever is causing the problem. Voting the same way over and over again is not going to solve the problem. It's doing the same thing over and over again and expecting a different outcome is the definition of insanity. And that's what we keep doing. I say we because I'm a fellow New Jersey resident. You're down in Princeton with the Boyd Company, and I'm further north. But it's just sad to say that people expect change by doing the same thing. But I will do this and give Governor Mikey Cheryl some applause, because at least when it comes to energy, why did you talk about what Mikey Cheryl did to try to help the energy situation.
00:04:19
Speaker 2: But she was this is not Phil Murphy two point zero with respect to energy. Okay. Murphy was all about making New Jersey the California of the East Coast with respect to energy and California like mandates. Cheryl has been good thus far. Okay, she's lifted the moratorium on natural gas. That industry has enormous economic development potential, particularly the SMR industry for R and D operations for New Jersey and also natural gas. Okay, she's following more of a Joshapiro, the Democratic governor of Pennsylvania, with an all of the above approach to energy to help busines and taxpayers. Okay, Look, this affordability crisis is real. Not every company wants to relocate out of New York or New Jersey to the Sun Belt. There are winning regional markets like Pennsylvania. Even Connecticut is attracting a lot of out migration of business. What's a common denominator? Those states are cutting taxes and they have a more pro business policy towards energy.
00:05:22
Speaker 1: Yeah, and when you look at it in the greater scheme, you think of the map of New Jersey. What better place on the planet to locate a business. You have the first and fourth largest business markets in the United States in New York and Philadelphia. You have everything from mountains to shore, great universities, Princeton University, Rutgers and J. T. Kine Writer, Montclair State, Rowan Stockton, William Patterson. I can go on and on. We got great colleges in New Jersey. It's in a perfect area. You have expensive homes, less expensive, more affordable homes, and great transportation. It's all there. So if you're a corporation, you want to go to a place like New Jersey until you have government making it oppressive to be there.
00:06:04
Speaker 2: That's right, Kenn. Look there's a live, work play dynamic behind corporate location decisions today. And this is a strong suit as you just so articulated so well. I mean, the beaches, k through twelve schools, the cluster of major universities of course, proximity of Manhattan Philadelphia, connectivity to the global marketplace. Okay, so you're right, all of the pieces of the puzzle are there. The only thing that's missing is the heavy lifting from Trenton politicians. Tax cuts, reforming our energy policy to make it more business friendly, and even doing some smart things that really promote consolidations of municipal services to cut up to reduce the property tax burden.
00:06:45
Speaker 1: Well, you know, it's funny to be able to say that Governor Mikey Cheryl is the adult in the room now when it comes to Trenton, because it looks like the assemblies out of control, the State Assemblies is out of control, the State Senate to some extent, but Governor Mikey Cheryl is now like the sound mind of all of them to try to bring things or keep things from getting out of control when it comes to making businesses leave because people who have the attitude, the mamdani esque attitude of oh you want to take your millions and leave, go, good riddance, which is what Hokel did in New York as well, that same attitude, although now she's changing her tune as she sees the population declining and the major corporations leaving New York as well. John Boyd, Junior Principal of the corporate site selection consultancy, the Boyd Company, based in beautiful Princeton, New Jersey. By the way, it's not just a college town. What a beautiful town you live in. Princeton is one of the prettiest places on earth. What a great town. How long you been there?
00:07:37
Speaker 2: So we've been in Princeton since nineteen seventy five, but we're also in Boker too. In flor we're in the sixth Borough. Ah, we actually officially relocate. I still spend a great ular time in New Jersey. Good a lot of listeners and fans here in the sixth Borough for Wor.
00:07:56
Speaker 1: About a fourth of our calls are from there as well. And I'm just south of you and Fort Lauderdale as well, so I'm there half the time as well. But John, it is great to have you on again. Please thank you for coming God this morning, and please come on again.
00:08:09
Speaker 2: Thank you. Ken. It'll be a great weekend.
00:08:11
Speaker 1: YouTube John, Happy Father's Day, sounding clouds. Today it's gonna be breezy, low humidity, highs, low eighties. Pretty much the same for tomorrow and Sunday Father's Day. A really nice weekend. In store, phone lines are open. We're gonna take your calls. Coming up next right after the break. The numbers eight hundred three two one zero seven ten, eight hundred three two one zero seven ten. The Great Mark Simone is off today. Ken Rizottowood from mark Juneteenth sevent ten w R. We're coming right back.
Speaker 1: Now more of the Marximone Show on seven ten woor filling in for Mark here again is Ken Rosato. Had a very good morning to you. It is great to have you on. My gosh, it is so good to be here in for the great Marximone who has the day off, nice long weekend and well deserved. We want you to give us a call at eight hundred three to two one zero seven ten, eight hundred three to two one zero seven ten, and we we're just getting some really good calls today. Anyway, you are listening to the Marximo Show on a Friday, and it is just a wonderful and interesting day. People going crazy with what's going on in Iran. We're going to talk more about that in just a little bit. In the meantime, Democrats have run New Jersey top to bottom for nine years, and during that time, spending has grown out of control, taxes have gone sky high, the business climate has become oppressive. Don't take my word for it. You could ask the heads of more than a dozen major corporations that called New Jersey home for decades, but they've now fled for states that have friendlier business climates. Most recently Samsung and Exon Mobile. Well, John Boyd Junior is the principal of the corporate site selection consultancy, The Boyd Company. It's based in Princeton. He's here to talk about that more. Good morning to John.
00:01:16
Speaker 2: Kay, Good morning. It's great to be with you.
00:01:18
Speaker 1: Good to have you on. Just for the record, John was nice enough to come on the TV show I do in New Jersey the other day and I said, Man, this guys so good, we got to have him on the radio show. So let's go through the rundown. Democrats in New Jersey control the governor's office, the State Assembly, the state Senate, both US Senate seats, nine of the twelve congressional seats, the state Supreme Court, and the mayor's offices of the fifteen largest cities in the state. So I'm not trying to condemn Democrats per se in New Jersey, but there's no question they controlled the whole bowl here. So not again, I'm not trying to be bashing to Democrats, but so they've controlled it all for nine years. So at this point, who else do you blame in New Jersey but the Democrats for what's going on with the businesses leaving.
00:02:05
Speaker 2: Well, Ken, I think you're hitting the nail on the head here. Business policy matters with respect to where companies decide to do business. Okay, you mentioned Samsung, and not every company is doing, you know, high profile relocations like Samsung. Okay, I mean, obviously Samsung is just the latest and a number of high profile corporate relocations out of New Jersey over the past decade or so. But equally concerning are the dozens of companies that are scaling in other states that are less costly, less taxed states like Florida and the Carolina is even New Jersey's neighbor Pennsylvania, which is growing its economy because of tax cuts. And I'm more of all of the above approach to energy. So the message is business policy matters, tax policy matters, and when a company like Samsung leaves New Jersey, you're talking about several hundred jobs, one hundreds of millions of dollars with payroll and taxable income leaving New Jersey over the next decade or so. And so it's the income tax and the sales tax losses. It's also the property tax burden that shifts the middle class New Jersey ins because corporate relocations equal decreased commercial property tax appraisals and revenue. But I think policymakers need to link the affordability crisis that New Jersey inster facing directly with the business climate and the dangers of this continued exodus of corporate investment and jobs.
00:03:32
Speaker 1: Yeah, and again, if if it were Republicans in office in New Jersey right now and running everything and this was happening, I would be condemnatory of them equally. So it's a matter of just what you're saying, whoever is causing the problem. Voting the same way over and over again is not going to solve the problem. It's doing the same thing over and over again and expecting a different outcome is the definition of insanity. And that's what we keep doing. I say we because I'm a fellow New Jersey resident. You're down in Princeton with the Boyd Company, and I'm further north. But it's just sad to say that people expect change by doing the same thing. But I will do this and give Governor Mikey Cheryl some applause, because at least when it comes to energy, why did you talk about what Mikey Cheryl did to try to help the energy situation.
00:04:19
Speaker 2: But she was this is not Phil Murphy two point zero with respect to energy. Okay. Murphy was all about making New Jersey the California of the East Coast with respect to energy and California like mandates. Cheryl has been good thus far. Okay, she's lifted the moratorium on natural gas. That industry has enormous economic development potential, particularly the SMR industry for R and D operations for New Jersey and also natural gas. Okay, she's following more of a Joshapiro, the Democratic governor of Pennsylvania, with an all of the above approach to energy to help busines and taxpayers. Okay, Look, this affordability crisis is real. Not every company wants to relocate out of New York or New Jersey to the Sun Belt. There are winning regional markets like Pennsylvania. Even Connecticut is attracting a lot of out migration of business. What's a common denominator? Those states are cutting taxes and they have a more pro business policy towards energy.
00:05:22
Speaker 1: Yeah, and when you look at it in the greater scheme, you think of the map of New Jersey. What better place on the planet to locate a business. You have the first and fourth largest business markets in the United States in New York and Philadelphia. You have everything from mountains to shore, great universities, Princeton University, Rutgers and J. T. Kine Writer, Montclair State, Rowan Stockton, William Patterson. I can go on and on. We got great colleges in New Jersey. It's in a perfect area. You have expensive homes, less expensive, more affordable homes, and great transportation. It's all there. So if you're a corporation, you want to go to a place like New Jersey until you have government making it oppressive to be there.
00:06:04
Speaker 2: That's right, Kenn. Look there's a live, work play dynamic behind corporate location decisions today. And this is a strong suit as you just so articulated so well. I mean, the beaches, k through twelve schools, the cluster of major universities of course, proximity of Manhattan Philadelphia, connectivity to the global marketplace. Okay, so you're right, all of the pieces of the puzzle are there. The only thing that's missing is the heavy lifting from Trenton politicians. Tax cuts, reforming our energy policy to make it more business friendly, and even doing some smart things that really promote consolidations of municipal services to cut up to reduce the property tax burden.
00:06:45
Speaker 1: Well, you know, it's funny to be able to say that Governor Mikey Cheryl is the adult in the room now when it comes to Trenton, because it looks like the assemblies out of control, the State Assemblies is out of control, the State Senate to some extent, but Governor Mikey Cheryl is now like the sound mind of all of them to try to bring things or keep things from getting out of control when it comes to making businesses leave because people who have the attitude, the mamdani esque attitude of oh you want to take your millions and leave, go, good riddance, which is what Hokel did in New York as well, that same attitude, although now she's changing her tune as she sees the population declining and the major corporations leaving New York as well. John Boyd, Junior Principal of the corporate site selection consultancy, the Boyd Company, based in beautiful Princeton, New Jersey. By the way, it's not just a college town. What a beautiful town you live in. Princeton is one of the prettiest places on earth. What a great town. How long you been there?
00:07:37
Speaker 2: So we've been in Princeton since nineteen seventy five, but we're also in Boker too. In flor we're in the sixth Borough. Ah, we actually officially relocate. I still spend a great ular time in New Jersey. Good a lot of listeners and fans here in the sixth Borough for Wor.
00:07:56
Speaker 1: About a fourth of our calls are from there as well. And I'm just south of you and Fort Lauderdale as well, so I'm there half the time as well. But John, it is great to have you on again. Please thank you for coming God this morning, and please come on again.
00:08:09
Speaker 2: Thank you. Ken. It'll be a great weekend.
00:08:11
Speaker 1: YouTube John, Happy Father's Day, sounding clouds. Today it's gonna be breezy, low humidity, highs, low eighties. Pretty much the same for tomorrow and Sunday Father's Day. A really nice weekend. In store, phone lines are open. We're gonna take your calls. Coming up next right after the break. The numbers eight hundred three two one zero seven ten, eight hundred three two one zero seven ten. The Great Mark Simone is off today. Ken Rizottowood from mark Juneteenth sevent ten w R. We're coming right back.
