“With the enhancements to our Angel Investor Tax Credit signed into law by Gov. Murphy, New Jersey now has one of the most progressive and potent tools of any state to encourage investment in early-stage innovative companies,” NJEDA Chief Executive Officer Tim Sullivan said in a statement.
Read More »Author Archives: Daniel J. Munoz
NJ employers banned from asking applicants’ salary history, under new law
Advocates argue the measure will help to close the gender wage gap by taking pay off the table as a factor for hiring,
Read More »NJDOL: Monmouth County pizzeria cheated workers out of wages
According to labor officials, the owner of Luigi’s Pizza “immediately wrote a check for the entire back wage amount,” when “faced with the shutdown of his business.”
Read More »NJ takes step to finance K-12, vo-tech and county college upgrades
Fitch Ratings gave an “A” to $325 million in bonds issued by New Jersey that the state plans to sell as it ramps up efforts to start construction on long-awaited infrastructure and public works projects.
Read More »NJ will now allow driver licenses for undocumented immigrants
“New Jersey’s Hispanic immigrant households spending power is estimated to be $13.8 billion, the sixth-highest in the nation, but it could be greater with increased mobility and independence,” Statewide Hispanic Chamber of Commerce of New Jersey President and CEO Carlos Medina said. "By expanding access to driver’s licenses, you can help more New Jerseyans participate in, and contribute more to, the state’s economy."
Read More »Strike averted: Janitor union SEIU 32BJ reaches contract deal (updated)
Local 32BJ of the Service Employees International Union, which represents thousands of members, had been negotiating the contracts since before Labor Day.
Read More »NJEDA begins accepting micro-business loan applicants
Under the initiative, capped at $1 million, businesses can apply for financing of up to $50,000 for expansions or improvements.
Read More »In NJ, certain cannabis convictions can now be cleared from criminal records
“We are giving New Jersey one of the most progressive expungement laws in the nation, allowing more people to fully participate in our society and our economy,” Gov. Phil Murphy said Dec. 18 at the bill signing ceremony.
Read More »If proposed incentive caps are too low, Murphy says he’s willing to reassess
A total limit on the tax break programs has been the main roadblock for an agreement between the administration and legislative leadership since the sate's Grow New Jersey and Economic Redevelopment and Growth gap financing initiatives expired in July.
Read More »Treasury signals CBT warning; Murphy admin eyes millionaire’s tax, again
The corporate business tax brought in $108.3 million in November and $1.252 billion of revenue year to date, an uptick of 33.1 percent over last year. But, officials say a slowdown is coming.
Read More »Murphy announces EDA board picks: Glover, Hicks, Bauer & Marley
The four women will serve in their posts beginning Jan. 2, 2020.
Read More »As ‘gig economy’ ramps up, lawmakers move bills to curtail misclassification
The passage comes amid what many opponents argue is a growing “gig economy,” and an effort by legislative leaders to push through an additional measure that could designate tens of thousands of freelance workers as regular employees.
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