The Senate Select Committee on Economic Growth Strategies will meet at 10 a.m. in Trenton to gauge what types of economic incentives should replace the state's controversial corporate tax break programs that expired on July 1.
Read More »Author Archives: Daniel J. Munoz
EDA assessing racial, gender, local resident make-up of tax break recipients
The state's Economic Development Authority sent out a voluntary survey on Tuesday to 130 companies that received Grow New Jersey awards to find out how many employees hired at those companies were women, people of color, or locally based.
Read More »Poll: Workplace diversity on the rise, offensive comments declining
The survey found the number of respondents who said they interacted daily with someone of another race or ethnicity went up from 83 percent in 2016 to 89 percent in 2019.
Read More »Report: SDA fires staffers tied to former chief
Thirty employees at the beleaguered Schools Development Authority were let go on Tuesday, 27 of whom were hired under the watch of Lizette Delgado-Polanco, who resigned as the department's head in April.
Read More »Newark’s incoming economic development head sees ‘opportunity’ with federal zones
“We have to find a way that allows the residents who have lived in the city generation after generation," Allison Ladd, who will head the Brick City's economic development office beginning Aug. 1, told NJBIZ.
Read More »Lawmakers move to shield commuters from fees to fund Gateway tunnel
Senate Majority Leader Loretta Weinberg said the state Legislature would not approve any New Jersey picks to the newly formed Gateway commission if they did not agree.
Read More »Norcross insurance firm will not use tax breaks for helipad
“The original project submitted to the EDA included a helipad on the roof of the building," Conner Strong & Buckelew General Counsel Heather Steinmiller wrote in a footnote to a 17-page letter addressed to the task force put together by the governor in January to scrutinize the state's corporate incentive programs. "The project was subsequently modified to reduce the overall cost and to eliminate the helipad from consideration by the EDA.”
Read More »Murphy: ‘No evidence’ AirBnB tax hurt Jersey Shore businesses
The tax, a part of the 2019 budget, levied an 11.65 percent rate on any rental under 90 days.
Read More »EDA eyes cut to pharmacy company’s $40M tax break
Express Scripts initially agreed to create 128 new jobs and retain 585 existing jobs as part of a 2013 incentive agreement, but in May the company reported having only created 116 new jobs and retaining another 408.
Read More »EDA approves film tax break to Viacom for Newark production
The media company received $583,857 for its 2018 “Black Girls Rock!” awards production.
Read More »Murphy to promote NJ businesses to India this September
The September excursion will find the New Jersey delegation visiting some of the country's major cities including Agra, Ahmedabad, Delhi, Gandhinagar, Hyderabad and Mumbai while focusing on clean energy, film and media.
Read More »Gaming revenue up 20 percent over last year, thanks to sports betting
The most popular sport of 2019 has been basketball, where patrons bet $657 million.
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