In addition to this automatic increase, the state of New Jersey also taxes an extra 7% on the purchase of any hydrocarbons used in manufacturing. So I have a small resin business and we get this payable every quarter. Makes us non-competitive with other states producers.
Result we will shut the plant down and move to West Virginia. Found also that to run the steam boiler we have to contend with 82 pages of regulations in New Jersey. In West Virginia the rules are on one page.
Move we must. Who will be left to pay for the “grifters”, Atlas shrugged?
Welcome to WV, the business climate is improving here.
Enjoy the ramps and peperoni rolls, oh and the shine too.