 TRENTON
- State Treasurer John E. McCormac said today that Inc. Magazine's recognition
of Camden as one of the top ten places in the nation to do business is
"further evidence of the city's stunning turnaround since the enactment
of Governor's McGreevey's municipal revitalization law in 2002."
Appointed
by Governor McGreevey to chair the Camden Economic Recovery Board, Treasurer
McCormac said he was pleased - but not surprised - by Inc. Magazine's
decision to place Camden sixth on the top ten list of large metropolitan
areas in which to do business.
"The
ranking is consistent with the fervent interest that the city is getting
from individuals and businesses everywhere that are seeking to invest
in Camden," said Treasurer McCormac. He noted that the interest
was especially evident last month, when more than 500 individuals and
businesses attended the "Invest in Camden Day" conference.
At that event, Governor McGreevey announced Equity Bank's intentions
to consolidate its regional headquarters in a new building to be constructed
by Steiner and Associates on the Camden waterfront.
"Interest
and investment in Camden doesn't happen by accident. The city's much-deserved
recognition is a direct result of Governor McGreevey's focus and commitment
to Camden. The Governor's $175 million economic redevelopment plan is
as much of a commitment of attitude as a commitment of money,"
he said.
The
Treasurer said the Governor's plan for Camden sends the right signals
to the business community and to business investors. "The Governor's
plan for Camden is attractive to businesses because it targets investment
to areas that factor strongly in a company's relocation and expansion
decisions. Through the Governor's plan, we are investing anew in business
incubators, the universities, health care facilities, workforce training,
brownfields cleanup, education, roads, sewers and water systems in Camden.
Camden is well on its way to becoming a 'university city,' and its allure
to companies searching for the right location in which to build and
expand is just beginning," McCormac said.
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