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WEST ORANGE, NJ—Boosted by a business-friendly government, the continuing recovery in New Jersey will be a “lazy U,” with a flat 2011 leading to a strong bounceback in 24 to 36 months, panelists said at a NAIOP NJ mid-year economic overview here. The growing need for data centers and distribution state should help the state, even as potential employers hire fewer employees and need less space for  those they retain.

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