Bucco criticizes New Jersey business climate after Burlington Stores announces headquarters move to Philadelphia
TRENTON, N.J. — New Jersey Senate Republican Leader Anthony M. Bucco is criticizing the state’s business climate after Burlington Stores announced plans to move its corporate headquarters from Burlington County to Philadelphia.
Pennsylvania Gov. Josh Shapiro announced Thursday that Burlington Stores plans to invest $370 million to relocate its headquarters to Philadelphia. Bucco pointed to the move as evidence that New Jersey needs to change its economic policies.
“Business friendly states like Pennsylvania are eating New Jersey’s lunch because Governor Sherrill and the Trenton Democratic Majority refuse to lower taxes—plain and simple. While New Jersey Democrats celebrate minor league soccer teams in expensive taxpayer funded stadiums, Pennsylvania is lowering taxes, encouraging new investment, and bringing Garden State companies with them.
“Don’t just take our word for it, the Burlington Stores CEO said Philadelphia had the energy, talent, and infrastructure that attracted them to make this move. Our business climate is suffering, and this is further proof of its decline. At what point is enough going to be enough for Democrats to take this seriously and work with Republicans and our business community; because it is clear that Governor Sherrill and the Trenton Democratic Majority do not have a plan.”
Burlington Stores CEO Michael Sullivan said the company considered multiple options before choosing Philadelphia for its new corporate home.
“We are very excited to be relocating our corporate headquarters to Philadelphia. We are one of the fastest growing retailers in America, and as we evaluated different options for our new corporate home, we were strongly attracted to the energy, talent, and infrastructure that Philadelphia has to offer.”
Bucco recently released a four-point economic plan that he says would improve New Jersey’s business climate. He has also created a job-loss tracker on the New Jersey Senate Republicans’ website to track job losses during Gov. Mikie Sherrill’s administration.
