This information comes from Katherine Kish, co-executive director of Einstein’s Alley: “We are very concerned that the 2011 State Budget proposal to eliminate the New Jersey Commission on Science and Technology and to cut the Technology Business Tax Certificate Transfer Program (TBTCTP) from $60 million to $30 million stands to stifle growth of the technology sector.
As taxpayers and voters, we recognize the dire financial position the State is in. However, we fear that these cuts as proposed stand to cost the State more than the amount they are intended to save given the ROI these programs represent.
After what has been invested in this sector over time to build a culture of innovation, NJ will stand to lose the positive effects going forward if we don’t continue that investment. I’m concerned that any cuts will be like ‘eating our seed corn.'”
If you are concerned as well, contact your legislator.
1 thought on “Don’t Make Us Eat Our Seed Corn”
Interesting article, Barbara, highlighting possible hidden costs to cutting budgets.