Cape May County Businesses Voice Alarm Over New N.J. Environmental Rules

Businesses in Cape May County are worried that New Jersey’s new environmental law will make it harder for them to grow. The Cape May County Chamber of Commerce is looking at NJDEP rules that have an effect on businesses and consumers.

The chamber says the rules will help with environmental and climate problems all over the state, but they might make living and doing business more expensive in coastal regions like Cape May. Executives are worried that the new limits will make insurance, building, and development projects more expensive. As small businesses recover from recent disasters, these financial problems may make people less likely to invest and slow down economic growth.

Local leaders are worried that the new constraints would push back housing developments in the future, leaving Cape May with few options for accommodating its growing population. Homebuyers and renters may have to pay more to develop in locations that get a lot of tourists and have high property prices.

State officials say the higher limits are essential to protect New Jersey’s environment and get towns ready for the long-term concerns of climate change. However, industrial groups want policymakers to think about how these changes will affect the economy. The chamber works to safeguard the environment and help the economy flourish.

If building slows down or becomes too expensive, tourism, hospitality, and construction in Cape May County might all suffer. Even though they mean well, many homeowners and business owners are worried that stricter rules may affect the county’s important industries.

After these plans are finished, state officials will focus on environmental and economic goals. The Cape May County Chamber of Commerce will keep pushing for rules that protect the environment and help local companies.

Cape May officials will keep an eye on the process and work to protect the environment and the economy.

Sources

New Jersey Department of Environmental Protection
Cape May County Chamber of Commerce