E conomic D evelopment

M id A tlantic Real Estate Journal — Economic Development — January 22 - February 18, 2021 — 17A


N ew J ersey

P ennsylvania GREETINGS:

As we enter a new year, New Jersey is eager to convey one simple message to the Mid-Atlantic Real Estate Journal, and real estate professionals across the county: We are ready for your business.

It is my pleasure to extend my appreciation to the real estate professionals of the Mid-Atlantic Region for their dedication to a more prosperous future for Pennsylvania and our neighbors. The Mid-Atlantic Real Estate Journal plays a critical role in making Pennsylvania an attractive place for businesses to grow and succeed. Through the support of new businesses and well-paying jobs, we can rebuild Pennsylvania’s middle class. I am confident that the commercial real estate

We have a “can’t miss” geographic location, un- matched infrastructure, and boundless opportunities for development and redevelopment throughout our cities and towns. We also possess one of the largest commuter rail systems in the county, which presents numerous transit-oriented development opportuni- ties. These factors make us uniquely primed for com- panies looking for a location that is easily accessible, offers a vast pool of premier talent, and a state government that is eager to work with them to create a home in our great state. We are also making every effort to improve the interaction between state government and the private sector and make it easier to run your business. Permitting processes are being updated, more forms are being made available online, and we are at the forefront of implementing the Opportunity Zone tax incentive program. In fact, census tracts in Jersey City and Newark recently ranked near the top of Smart Growth America’s National Opportunity Zones Ranking Report for growth potential based on criteria such as housing diversity, walkability, job density, and proximity to central business districts. These are just a few of the numerous reasons why the Garden State is a can’t-miss location for the real estate industry. In October, we unveiled an entirely new economic plan to put our strategic advantages into clearer focus. I encourage you to see how New Jersey can fit your plans for a pros - perous and successful 2020. My very best, Phil Murphy, Governor Phil Murphy

Tom Wolf

professionals of our commonwealth share my passion for creating economic growth and allowing our communities to thrive and prosper — especially as a result of facing the COVID-19 pandemic, which impacted many businesses and Pennsylvania homebuyers. I thank you for your contributions to the vitality of the commonwealth as we work to build a stronger Pennsylvania. As Governor, and on behalf of all the citizens of the Commonwealth of Pennsylvania, I commend our local commercial real estate professionals for their commitment to the commonwealth. Please accept my best wishes

for continued success. Tom Wolf, Governor

V irginia

M aryland

I want to offer my sincere thanks to all of the outstanding professionals in Maryland’s real estate industry, as well as those throughout the Mid-Atlantic region. This past year was a year like no other, and I am tremendously proud of Maryland’s business community for their in- credible resilience in the face of unprecedented challenges. Thanks to your continued hard work, Maryland remains one of the best places to start a business, and grow and expand. Due in part to historic investments in education, Maryland has created one of the most innovative and entrepre-

Dear Friends: On behalf of the Commonwealth of Virginia, I am pleased to commend the commercial real estate professionals here in Virginia and in our neighboring states of Pennsylvania, Delaware, Maryland, and Washington D.C. I am always inspired to hear about leaders who use their passion and talents to empower our

Ralph S. Northam

neurial economies in the world. High-tech, high-growth sectors, like cybersecurity, aerospace and defense, and advanced manufacturing are thriving inMaryland. Our state is home to one of the most talented workforces in America, world-class infrastructure, several top univer- sities and colleges, including the University of Maryland System and Johns Hopkins University, and more than 50 top federal agencies and research labs, including the National Institutes of Health, the National Cancer Institute, and the U.S. Food and Drug Administration. Over the past year, our state has played an outsized role in the fight against the COVID-19 pandemic, with more than 40 life sciences companies working around the clock to develop lifesaving treatments and vac- cines. We continue to have one of the highest job growth rates in the country, and a number of significant real estate projects are coming to fruition, including Port Covington, a $5.5 billion development slated to unfold along more than 200 acres of Baltimore waterfront over the next decade. Existing development projects, like Tradepoint Atlantic in Baltimore, are thriving and we are continuing to see job gains in the construction industry. With your help, Maryland will continue to lead on our nation’s road to health and economic recovery. I wish you every success in 2021 as we continue to change Maryland for the better. Larry Hogan, Governor Larry Hogan

communities. As our state and nation continues to battle COVID-19, and as more Americans receive their vaccines, I believe our economy will rebound. My administration has been working hard every day to get this virus under control and to make Virginia a more vibrant and welcoming place to live, work, and raise a family. Commercial real estate professionals and the Mid Atlantic Real Estate Journal play a critical role in these efforts. The Commonwealth will remain America’s top state for business and commercial real estate professionals play a role in Virginia’s success. I look forward to working with commercial real estate professionals in the years to come. Sincerely, Ralph S. Northam

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