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GOP lawmaker wants to know why companies close, leave NJ

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A Morris County lawmaker wants public officials to start conducting exit interviews with companies that leave New Jersey or close their doors to determine why.

Senator Tony Bucco, R-25th District, earlier this year unveiled Senate Bill 2356, which would require the New Jersey Department of Labor and Workforce Development to conduct exit interviews with companies that close or move out of the state.

“We already know, just based on anecdotal evidence, that too many local companies are shutting down entirely or relocating operations to a more business-friendly state,” Bucco said Monday in a statement. “By requiring an exit interview, we can discover the real reasons why companies are closing up shop, and implement policies that will encourage them to grow in New Jersey instead.”

“By requiring an exit interview, we can discover the real reasons why companies are closing up shop, and implement policies that will encourage them to grow in New Jersey instead.”

– Senator Tony Bucco

The survey would look at whether companies factored taxes or regulations into their decisions; laws the company might have found “problematic”; and if the company reached out to state departments or agencies to address their concerns, according to Bucco.

“Exploring how we can make New Jersey more affordable and a more attractive place to own and operate a business is something I am extremely passionate about,” he said.

S2356 was referred to the Senate Labor Committee in April, but lawmakers haven’t taken any action on the bill since then.

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Daniel J. Munoz

Daniel J. Munoz


Daniel Munoz covers politics and state government for NJBIZ. You can contact him at dmunoz@njbiz.com.

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Captain Obvious August 21, 2018 2:35 pm

Bucco has to be kidding. Here's the reasons he already knows about:

-Awful traffic
-Awful weather for at least 50-60% of the year
-High property taxes
-High income taxes
-NJ is the most exited state in the nation
-NJ is also now the most exited state in the nation amongst millenials
Companies hire millenials so unless you're in Pharma, why would you pick NJ???
-NJ may bring back the "millionaire" tax

Why waste more tax payer money on exit interviews. Completely laughable.

Milton August 21, 2018 5:34 pm

Here's yet another reason why they leave - a State regulation requiring an exit interview.

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