More like “Land of the Lost”

From ROI-NJ:

Murphy tells ROI: ‘We’re the land that time forgot here in terms of the development of this economy’

Following in the footsteps of the president under whom he served, Gov. Phil Murphy is trying to bring an innovation strategy to New Jersey in 2018 that is similar to the one President Barack Obama introduced to the country in 2009.

“We’re digging out of a hole,” Murphy said in a recent interview with ROI-NJ. “We’re the land that time forgot here in terms of the development of this economy.

“We used to be really good at it, we did it in our sleep — and then we stopped. So, we are pulling a lot of different levers right now.”

The economic strategy is one those in the technology industry understand well, and have seen growth from, in the last decade.

But, unlike the national-level support that Obama enjoyed in his first few years in office, Murphy has to focus on state resources to achieve any potential success.

“We can do a lot on our own, and we are,” he said.

Between free tuition for community college students and providing rent assistance to startups, Murphy is moving forward with many of the core areas of aid that he believes will lead to a stronger economy. He is supporting renewable energy sources and greater public-private partnerships, has revamped the research and development tax credit, and his administration has made an effort to put greater emphasis on incentivizing startups and angel investors.

Much of this has been either directly from his office or through the state Economic Development Authority. But Murphy made it clear it’s all hands on deck.

“I’m completely convinced you have to get at this in a variety of ways,” he said. “My hope, in the fullness of time, is that we’ll look back and say that we unleashed a lot of different levers in the innovation economy, and we’ll tweak it over time. My strong suspicion (is), like everybody, we all learn over time. What works best, what works less well.

This entry was posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics. Bookmark the permalink.

72 Responses to More like “Land of the Lost”

  1. The Original NJ ExPat says:

    frist

  2. The Original NJ ExPat says:

    It sounds like NJ is in for a crash course in “what works less well.”

  3. Yo! says:

    Dear Phil M, the innovation economy left NJ for West Coast and Boston years ago. Let’s face it, smart Americans don’t want to move to NJ. This article says it all. Merck laying off NJ scientists while hiring them in Bay Area and Cambridge. Simply put, NJ and the people who work here are inferior.

    https://endpts.com/merck-triggers-a-new-round-of-layoffs-in-rd-reorganization/

  4. 1987 Condo says:

    “What could go wrong?” –Hugo Chavez*

    (*I made that up)

  5. Yo! says:

    What is rent assistance to startups?

    “NJ EDA.”
    “Hi I’m doing a start up.”
    “What type of start up?”
    “Biotechdataanalyticsblockchain.”
    “We’d like to do a ribbon cut and press conference. Where u at?”
    “I don’t have office space yet.”
    “That’s ok we got that.”

  6. The Original NJ ExPat says:

    ^^^LOL!

  7. Bruiser says:

    Free community college, paid for by the 4 year university and grad school graduates of the State.

  8. grim says:

    I propose changing the name of the state from New Jersey to New Blockchain.

  9. deniss dunnigan says:

    Lets start by not electing a criminal to office ….Menendez

  10. Juice Box says:

    HIllarious – Gov Murphy out at a press conference begging for money for the long cancelled Gateway Rail project from Trump, meanwhile Bobby Menendez who isn’t polling too well is sticking by his side…

    New Jersey and New York voted against Trump and they now sue him personally as well as his administration every day and yet they are begging him for money! Never going to happen!

    Tweet –
    Murphy in Secaucus today said Gateway is project of “national significance” at event with Menendez, Sires, Payne, Pascrell et al. NJ transp expert Martin Robins says “there’s no substantive reason for Trump to hold out.” FRA tells me they weren’t aware of stmts.

    4:51 PM – Sep 4, 2018

  11. Libturd...look me up in Costa Rica says:

    Wow. Just seven months in and Murphy is already preparing his blue constituents for continued failure. Can’t say you all weren’t warned.

    How much did the innovative companies he’s been helping make in revenue? Wasn’t it 1.5 million. What’s NJ’s total revenue? A little less than 4o billion? I think I’m going to go for the Super-Sized combo meal tonight. Murphy’s got this!

  12. The Great Pumpkin says:

    Two tech titans made billions and remade the city. Is it any better off?

    https://www.bloomberg.com/news/features/2018-08-30/how-big-tech-swallowed-seattle?srnd=premium

  13. Libturd...look me up in Costa Rica says:

    Chi,
    I’m less bothered by the public school janitor peeping than learning he made more than I did last year. Certainly with better benefits too. What the fcuk? $117,000-a-year? I got to get out of this country.

  14. grim says:

    Yeah I’m with you.

    $117k?

    He makes more than many teachers at that school.

  15. Libturd...look me up in Costa Rica says:

    The only two good things about Seattle are the fact that public transit is free (subsidized by big business) in center city and the oysters. That’s really all. Otherwise, it’s a lot of rain and down-trodden hipsters.

  16. grim says:

    “One thing about living in Seattle I never could stomach: all the damn plaid”.

  17. Libturd...look me up in Costa Rica says:

    When are people going to start paying attention about how out of control the public sector is when it comes to spending. When I look at what my family pays for the library, the county, the schools. It’s astonishing how little we get.

    We are friends with a wealthy and generous family from Essex Fells. For those not aware, they have the lowest property taxes in Essex County which is unique since it’s easily the wealthiest town in Essex County. How do they do it? They privatize everything. They don’t even recycle. When I was speaking with them about Sweeney’s school consolidation plan, they said they would all chip in to convert their public school to a private school before they would merge with West Caldwell or Verona. A lot could be probably be learned from these rich white dudes.

  18. Fast Eddie says:

    How do they do it? They privatize everything.

    How can we break the cycle and have every town follow?

  19. chicagofinance says:

    Seattle is far away…… the flight from NYC metro is a b!tch….

  20. joyce says:

    They will be forced to do so (unless current laws are changed). But property taxes won’t go down… they will just account for less services.

    Fast Eddie says:
    September 5, 2018 at 9:11 am
    How do they do it? They privatize everything.

    How can we break the cycle and have every town follow?

  21. grim says:

    Ask Detroit about how they broke the cycle.

    Oh, wait.

  22. chicagofinance says:

    It is so amusing to see Murphy cart out all of this pablum. The reality that he was elected governor with such a old school 1980’s-1990’s worn out Democratic playbook implicitly reinforces the idea that New Jersey is not dynamic and has no young worker vitality.

    It is even more amusing for him to talk about making strategic decisions for the long term, when it is patently obvious that he is going to disappear from New Jersey as soon as he can line up the next job.

    Actually, he has disappeared from New Jersey WHILE in his current job. I think he has been less visible than Christie on his Presidential tour.

  23. grim says:

    Everything Murphy does makes sense when you put it in the context of him creating a potential talking point during his presidential campaign.

  24. chicagofinance says:

    $117,000 4 years ago…… probably closer to $130,000 now…..plus fully loaded bene’s AND fixed fund in 403(b) that is 7.25% no principal risk funded by NYS statute.

    Although this guy has been fired.

    Libturd…look me up in Costa Rica says:
    September 5, 2018 at 8:42 am
    Chi,
    I’m less bothered by the public school janitor peeping than learning he made more than I did last year. Certainly with better benefits too. What the fcuk? $117,000-a-year? I got to get out of this country.

  25. Libturd...look me up in Costa Rica says:

    “during his presidential campaign.”

    Exactamundo. He is following in HRC’s footsteps to the T. Another big money, well connected fool.

  26. grim says:

    The anti-Trump lawsuits for example.

    NJ stands no chance, it’s a waste of time and money – everybody knows this.

    Except, Murphy can stand on the debate stage and say he fought and sued Trump, which would resonate with anti-Trump democrats around the US.

    The value to him to be able to say this is tremendous, far beyond anything NJ or it’s taxpayers would gain.

  27. Yo! says:

    Seattle is super. People not pols are the winners. City Council’s income tax was laughed out of court, city council voted for a head tax then repealed the same tax days later. Seattle homeowners enjoying rapidly growing home equity. Nobody underwater there.

  28. Libturd...look me up in Costa Rica says:

    Murphy is a do-nothing for New Jersey, DNC loudmouth. I have never witnessed the sheer amount of empty promises he has offered after buying the governorship. Why is it that every time we talk about Dems, it’s prefaced by holding our noses while we vote for them?

  29. Fast Eddie says:

    Anyone who votes dem or progressive really is a f.ucking m0ron. Votes need to be weighted, strictly based on IQ and education level. We can’t keep supplementing the riff raff of the world.

  30. chicagofinance says:

    My only mission this year is to vote against Menendez.

  31. MAGA2020 says:

    Give Murphy credit for one thing. He read the tea leaves and recognized the Democrat party is no longer the place for liberal white folks. If you aren’t a radical you can’t get on the ballot. Thanks in part to trump, what used to be the looney fringe of the party is now calling the shots. Hell, he’s gone way left of nj Union Democrats and makes Them look moderate.

  32. JCer says:

    I can’t believe the Dems put Menendez on the ballot. That to me is more criminal than even Menedez’s behavior, it’s insulting. He was lucky to avoid jail time so this is just really insulting. The citizen’s of this state need to have their head examined if they give him another term after all of his scandals.

  33. Not JCer says:

    JCr,

    He might be a crook. But he’s OUR crook. Look up the North Hudson Community Action Corp. All Menendez and a few doctors from the beginning. The agency provides healthcare for the lower income community, without them the ERs would be packed.

    Now what is that GOP Senator candidate’s rapsheet. Oh, yeah. Let’s rob the cancer patient’s wallet and make them broker than they already are all for corporate profits ans some free market bull.

  34. D-FENS says:

    Most Republicans from North NJ and NY Metro area are really Democrats everywhere else.

  35. Not JCer says:

    JCer,

    If you are from Jersey City like someone else here. Think what Jersey City would have been like in the 1930’s+, without Frank “I’m the Law” Hague building the Jersey City Medical Center and using his “politcal way” to ensure that it provided medical care at no cost if need to all Jersey City residents.

    https://www.omicsonline.org/open-access/turning-hospital-beds-into-votes-frank-hague-and-his-jersey-city-medical-center-2332-0761-1000-S1-006.php?aid=60676

  36. chicagofinance says:

    I lived in Hudson in the 90’s and 00’s…… I also was integrated into the community beyond Hoboken. Menendez is pure scum….shameless, profiteering and most likely mobbed-up too…… don’t give me the old Nino-Brown-giving-turkeys-out-on- Thanksgiving rationalization

    Not JCer says:
    September 5, 2018 at 10:41 am
    JCr,

    He might be a crook. But he’s OUR crook. Look up the North Hudson Community Action Corp. All Menendez and a few doctors from the beginning. The agency provides healthcare for the lower income community, without them the ERs would be packed.

    Now what is that GOP Senator candidate’s rapsheet. Oh, yeah. Let’s rob the cancer patient’s wallet and make them broker than they already are all for corporate profits ans some free market bull.

  37. chicagofinance says:

    Can’t buy your way into Heaven……

    Not JCer says:
    September 5, 2018 at 10:45 am
    JCer,

    If you are from Jersey City like someone else here. Think what Jersey City would have been like in the 1930’s+, without Frank “I’m the Law” Hague building the Jersey City Medical Center and using his “politcal way” to ensure that it provided medical care at no cost if need to all Jersey City residents.

  38. Not Jcer says:

    JCer,

    You should know by now there was never “A once upon a time” or will be a ” Happily ever after”.

    We make daily decisions judgement calls based on personal morals. Is the hope and teaching of every religion/philosophy that Humanitarians goals will always beat profit driven free market bull.

  39. Not ChiFI says:

    ChiFi,

    Mobbed up and scum as you think it is.

    He’s 100X better than our traitor russian prez want to be.

  40. MAGA2020 says:

    Not JCer is exhibit A for why NJ is fvcked and eventually the country too. In many locales political corruption is accepted as long as there are some free crumbs to go with it.

    I’ve seen numerous times now where menendez’ criminal behavior is equated with being CEO of a big pharma. When you have a deap seated dislike for capitalism the way much of the third world does, that type of appeal is effective. I predict menendez Will win.

  41. The Original NJ ExPat says:

    How about better looking panhandlers wearing Izod sport shirts who give you shit if you give them less than $5?

    The only two good things about Seattle are the fact that public transit is free (subsidized by big business) in center city and the oysters. That’s really all. Otherwise, it’s a lot of rain and down-trodden hipsters.

  42. grim says:

    Nonsense. Purely psychological. There are tons of examples of this kind of hysterical contagion where people seeing other people sick begin to experience similar symptoms. Occam’s Razor – Mass psychogenic illness is significantly more likely than terrorism.

  43. The Original NJ ExPat says:

    Except, Murphy can stand on the debate stage and say he fought and sued Trump, which would resonate with anti-Trump democrats around the US. who live in NY, LA, and Chicago.

  44. grim says:

    Most Republicans from North NJ and NY Metro area are really Democrats everywhere else.

    Republicans from NNJ and NYM tend to be more socially progressive than Republicans elsewhere. Northeast Democrats and Republicans generally agree on topics like abortion and LGBT equality.

    In fact, I’d argue that there might be a bigger political divide in the Northeast between people of different Castes. A wealthy Democrat and a wealthy Republican would probably get along very well. A wealthy democrat or republican and a poor one? Hmm. Probably not. Add class difference to the mix and you’ve got a very different picture.

  45. Libturd...look me up in Costa Rica says:

    Menendez is a crook. If it were not for the sh1t for brains broad who snuck onto the jury, who would have acquitted Adolf Hitler if he was brought to trial. Menendez would be in prison. I don’t care how much good he supposedly does. His list of whoopsies is way past the point of I didn’t know(s). His affirmation in the primary and most likely reelection is why guys like Trump are in power. Lord knows I’ll be voting for the fat cat over the criminal as much as I deplore fat cats. I will never cast a vote for a known criminal. Tell that to Howard Dean who proudly declares that he would have voted his super-delegate vote for HRC even if Sanders won every primary in the country. Fcuk the DNC. No homo!

  46. ExEssex says:

    9:31 . you must be joking sir — the GOP has subverted the most ignorant peeps on the planet and mobilized their desire to turn back a clock that is well into the next century. Folks these problems are real and are not going away. Two different approaches? Sure. But IQ points on each side are being used as wedges. Get real.

  47. Libturd...look me up in Costa Rica says:

    The major parties are still more of the same than they are different. Ultimately, it’s about transferring the wealth to the top. How they get their votes and power is what differs. But is your life really that different under Trump than it was under 8 years of Obama?

  48. The Original NJ ExPat says:

    the GOP DNC has subverted the most ignorant peeps on the planet and mobilized their desire to turn back a clock that is well into the next century of the 1800’s, back when news media was officially an arm of political parties.

  49. Mike S says:

    Murray Sabrin for senate – too bad he has no chance

  50. The Original NJ ExPat says:

    I concur. The real trick to be revealed is how to turn illegal immigrants into naturalized citizens who vote Republican. If they figure that one out we’ll quickly build a wall and the Democrats will pay for it.

    The major parties are still more of the same than they are different. Ultimately, it’s about transferring the wealth to the top. How they get their votes and power is what differs. But is your life really that different under Trump than it was under 8 years of Obama?

  51. The Original NJ ExPat says:

    If you went into a 10 year coma in 2008 and woke up today, there is no way you would know from walking around whether McCain won or not.

  52. The Great Pumpkin says:

    I think he is acknowledging that corruption is impossible to eliminate. You can only hope to contain it. At least that is what I got from it. I tend to agree.

    MAGA2020 says:
    September 5, 2018 at 11:00 am
    Not JCer is exhibit A for why NJ is fvcked and eventually the country too. In many locales political corruption is accepted as long as there are some free crumbs to go with it

  53. The Original NJ ExPat says:

    What America is learning from the Kavanaugh confirmation hearings so far:

    Democrats are scumbags.

  54. Grim says:

    If they figure that one out we’ll quickly build a wall and the Democrats will pay for it.

    Didn’t Dfens suggest that ice start shipping illegal aliens to California instead of deporting them?

  55. ExEssex says:

    Trump is one of America’s great lovers. He’ll be remembered forever for his prowess between the sheeeeets.

  56. ExEssex says:

    
President Trump claimed Tuesday that he has “100 pictures” of special counsel Robert Mueller and former FBI Director James Comey “hugging and kissing each other,” insisting their close relationship paved way for the “illegal” investigation into his campaign’s ties to Russia.
The President made the bizarre assertion during a wide-ranging Oval Office interview with right-wing outlet Daily Caller, which released a full transcript of the conversation Wednesday.
“He’s Comey’s best friend,” Trump said of Mueller, who’s investigating possible collusion between his campaign and the Russian government. “And I could give you 100 pictures of him and Comey hugging and kissing each other. You know, he’s Comey’s best friend.”

  57. Not ChiFI2 says:

    The big lesson of Menendez & Hague is that at the end of the day Emotional Quotient will trump over Intelligence Quotient.

    Whether Left or Right. 100% of people here are very likely meritocratic stars in whatever your field. You were the smart/nerdish/superachiever students.

    The feeling that I want you to channel is the feeling of getting your behind whipped in middle/high school because you were the smart kid. That whipping is coming again, because the not so smart kids are not going to take the “smart” kids elitism. You can see these in popular media from the 80’s Nerds movie, to Elysium, to Lisa Simpson episode of Smart People running the world, to finally one of my fave movies “Idiocracy”.

    Trump is the first wave of the “average guy look” intellectuallism, I give you Mr. Rodney Dangerfield – https://youtu.be/6eE4VrSURb4

    So whether because of religious, philosophical, or just pure cynical outlook; the meritocracy has to get out of their ideological free market corporate state mindset and take care of the little guy, or suffer the consequences.

    Just think of how much fun the “average guy” would have with a fancy lad like Peter Thiel, again Mr. David Letterman https://youtu.be/3X8istCTeQE

  58. ExEssex says:

    There’s a mistrust of the current status quo, but a feckless moron may not deliver for the masses in the way they may need.

  59. The Great Pumpkin says:

    Not chifi,

    You nail it, that’s why I love this blog. People here get it way ahead of the mainstream.

    Revolutions scare the living crap out of me. They happen way too often in society to ignore it.

  60. The Great Pumpkin says:

    Wanted to comment on this kaepernick issue even though I should ignore it.

    Peaceful protest, but against his employer’s rules. Would you protest at your place of employment if your boss specifically told you not to? No right or wrong answer in theory, but logic dictates that if you have to put food on the table, best follow what your boss says or get a new job. Places of employment are not a place to take a stand on social issues. My two cents.

  61. ExEssex says:

    Damn…. September 5 at 9:05 AM PT
A teenage ballerina, in a lawsuit rife with sordid details, portrays the New York City Ballet as a perverted “breeding ground” for the sexual degradation of female dancers by their twisted male colleagues.
Plaintiff Alexandra Waterbury, 19, detailed how top male performers and other men affiliated with the group surreptitiously snapped sexually explicit photos of ballerinas or secretly shot video of sexual acts with co-workers — and freely shared them in a group chat.
Waterbury alleged Wednesday that she was victimized by hard-partying dancer Chase Finlay — named as co-defendant along with the ballet company. Finlay, who dated Waterbury for a year while sharing intimate photos and videos of his girlfriend, resigned suddenly last week.

  62. Fast Eddie says:

    There’s a mistrust of the current status quo, but a feckless moron may not deliver for the masses in the way they may need.

    Barry Soetoro

  63. The Original NJ ExPat says:

    No, that was me.

    Didn’t Dfens suggest that ice start shipping illegal aliens to California instead of deporting them?

  64. The Original NJ ExPat says:

    Do you know what it’s like to accidentally get yourself skipped from 5th grade to 7th grade and then get shipped off to a Junior High where you know no one and everyone is now older and bigger than you? I lived it.

    Whether Left or Right. 100% of people here are very likely meritocratic stars in whatever your field. You were the smart/nerdish/superachiever students.

    The feeling that I want you to channel is the feeling of getting your behind whipped in middle/high school because you were the smart kid. That whipping is coming again, because the not so smart kids are not going to take the “smart” kids elitism. You can see these in popular media from the 80’s Nerds movie, to Elysium, to Lisa Simpson episode of Smart People running the world, to finally one of my fave movies “Idiocracy”.

  65. WhiteCoatMan ComingtoTake HimAway says:

    Come on, people!

    Is anyone going to say anything about the “I am part of the Resistance” NY Times opinion. They mention the 25th Amendment a few times in there.

    https://www.nytimes.com/2018/09/05/opinion/trump-white-house-anonymous-resistance.html

  66. 1987 condo says:

    Was that about Elon musk?

  67. The Original NJ ExPat says:

    I bet a Quantico profiler could narrow down who wrote this cowardly op-ed. My guess is a male in his early 30’s. He is ridiculously self-important and doesn’t really develop a single idea in his “bomb shell” piece, so I’m guessing he is from one of our recent crops of college edumacated morons.

    Come on, people!

    Is anyone going to say anything about the “I am part of the Resistance” NY Times opinion. They mention the 25th Amendment a few times in there.

    https://www.nytimes.com/2018/09/05/opinion/trump-white-house-anonymous-resistance.html

  68. The Original NJ ExPat says:

    BTW, I’m glad to see our 10 term congressman, Capuano, get “primaried”. He largely has run unopposed for the 20 years I’ve lived in MA and you never see or hear of him anywhere in DC. Good riddance.

  69. Provocteur says:

    Pumpkin dreams of the day that dumb mediocrities overthrow the “elistist” 75% that are smarter than him, but to enjoy that revolution you can just go see how well the Venezuelans are being taken care of by their idiot-in-chief.

  70. The Original NJ ExPat says:

    Generous.

    Pumpkin dreams of the day that dumb mediocrities overthrow the “elistist” 75% that are smarter than him

  71. The Original NJ ExPat says:

    99.4%

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