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O’Scanlon: Time for NJ to reclaim its manufacturing -pharmaceutical industry leadership role

Senator Declan O’Scanlon today called on the Legislature and Governor’s office to coordinate efforts to spearhead a rebirth of New Jersey’s once world-leading manufacturing and pharmaceutical research and production industries.

“The time is right now for New Jersey to be planning to take a lead role in re-domesticating these critical industries” said Senator O’Scanlon. “We still have the educated workforce, we still have incredible research universities, we still have the capital and investment resources and we still have the foundation of industrial knowledge and capability that made New Jersey the pharmaceutical and industrial capital of the world last century.

“There is already a nascent initiative to bring development and production of critical drugs and emergency equipment back to the United States. The Legislature – through the Manufacturing Caucus, in which I serve – has already spent the last several years in active, positive dialogue with our remaining manufacturing industry,” O’Scanlon continued. “We must seize this moment to lead the country in reclaiming and repatriating these fundamental, critical industries.”

O’Scanlon called for a comprehensive re-evaluation and reform of industry taxes, rules, regulations and incentives that could facilitate, or stifle such an effort.

“If ever there was a time for us to accept that our policies and tax structure do in fact impact business and investment decisions, it’s right now,” said O’Scanlon. “Believe it or not, there is still a small, but vibrant and determined manufacturing sector in New Jersey. The institutional knowledge of those leading these firms can help us write our roadmap to revitalization. We have a window of opportunity here. We can either pave the way, or stand in the way, that’s our choice.”

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Posted: April 14th, 2020 | Author: | Filed under: COVID-19, Declan O'Scanlon, Health Care, New Jersey, Press Release | Tags: , , , , , , , | 2 Comments »

2 Comments on “O’Scanlon: Time for NJ to reclaim its manufacturing -pharmaceutical industry leadership role”

  1. Long past due- said at 9:47 pm on April 15th, 2020:

    let’s start with our state capital, so that the iconic phrase/sign: “Trenton makes, the world takes,” is finally true again! This increasingly looks like it will soon be the great issue of our time: who is standing up for America, who is standing with/ making money from China??. Very sad it took a devastating, deadly world pandemic from China, to clarify the path to be taken, going forward. Only the brave patriots that put the USA first, deserve to be elected our leaders, period.

  2. Amen said at 9:11 am on April 18th, 2020:

    Love it or leave it. We need a one party government in this state and country!