Mr. Nagle reported that the Council of Economic Advisors released their Review and Economic Outlook for the State of New Jersey for 1996-1997. Mr. Nagle offered to do a briefing on the Outlook for the full Commission or for the subcommittees. The Department's Urban Enterprise Program best reflects the spirit of the State Plan. It has undergone expansion and legislation expanding the number of zones from 20 to 27. Their Business Relocation Report is done to get an idea what new businesses from out of state have made announcements of plans to expand or additional investment in New Jersey.
New businesses seem to have a preference for centers and urban areas.
He will try to present the results from the relocation report at next month's SPC meeting. Mr. Cranmer announced that there will be a joint meeting of the Plan Development and Plan Implementation Committees following today's Commission meeting. Lisa Young, Department of Treasury Ms. Young reported that she and Director Simmens have been discussing using the representation of the Treasurer on many development boards within the State. They have begun conversations with some of these boards to have them include a reference to the State Plan in their plan development projects. This is not a requirement but something they would like to suggest as a way to spread the word about the State Plan to private developers.