|FOR IMMEDIATE RELEASE||
CONTACT: Tom Vincz
|February 11, 2004||
TREASURER McCORMAC ON INC. MAGAZINE'S RANKING OF CAMDEN: WORD IS SPREADING ON CAMDEN'S REBIRTH
- 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.