During a Friday morning radio segment on WCTC, Coughlin said the last chance for lawmakers to act on any legislative priorities would be the lame duck session—the months between the November midterm elections and the start of the new legislative session in January.
Read More »Author Archives: Daniel J. Munoz
Biotech firm 2nd to use NJ incubator economic incentive
Big Magic Inc. made a move into VentureLink, a 108,000-square-foot incubator at the NJIT campus in Newark which hosts more than 60 additional technology and life science companies.
Read More »Premera Blue Cross Blue Shield settles multi-state data breach suit for $10M
The Garden State, where 40,000 residents were affected by the breach, will receive a $72,168 slice of the settlement, according to the July 11 announcement from the office of New Jersey Attorney General Gurbir Grewal.
Read More »Washington, DC housing official to head Newark economic development office
Allison Ladd, currently deputy director of the city's Office of Housing and Development, will replace outgoing leader John Palmieri.
Read More »New ‘land bank’ law will help cities overhaul, redevelop abandoned properties
Signed Wednesday by Gov. Phil Murphy, the legislation allows municipalities to designate certain nonprofit or public entities as “land banks,” which would acquire vacant properties and revitalize them into sites, like housing or businesses, to benefit the neighborhood.
Read More »Despite gas tax increase, poll finds roads aren’t any better for NJ drivers
Roughly a third of New Jersey adults surveyed felt that roads were actually getting worse, while another third said their cars were recently damaged by potholes.
Read More »EDA unveils expansion of tax break for early tech investors
The incentive is doubled to 20 percent, and can go up to 25 percent for investments in low-income communities, federal “opportunity zones,” or businesses owned by women or people of color.
Read More »Norcross-tied companies fail to show at tax break task force
A number of companies tied to South Jersey powerbroker George Norcross that have been the main focus of the Murphy administration’s tax break task force did not appear when the panel heard public comments during a July 9 hearing. The companies have repeatedly pushed for a chance to publicly address allegations made by the task force, which Gov. Phil Murphy ...
Read More »Task force: Holtec CEO may have been involved, known about fed bribery case
That move should have been grounds to reduce or deny the tax breaks awarded, task force chief counsel Jim Walden said, or “at a very minimum merited additional follow-up questions from the [Economic Development Authority].”
Read More »Murphy task force questions constitutionality of state tax breaks
“Because portions of the Grow [New Jersey] statute were drafted to favor particular parties and disfavor others, we think that there is a very real question as to whether those portions of the statute are unconstitutional,” task force chief counsel Jim Walden said at the panel's July 9 hearing.
Read More »Third tax incentive hearing slated for Tuesday
The July 9 meeting examining potential abuse of the state's now expired tax incentive programs, will include public comments, limited to five minutes.
Read More »Murphy: Spending cuts, freezes not based on political ‘bias’ (updated)
The governor reiterated that a hold on $235 million from the Legislature's Fiscal Year 2020 state budget, and the deduction of $48.5 million, had no political motivation. “The three questions are ‘are these new or old elements of the budget… the breadth of the community they impact and… the timing throughout the year,” he said Monday in Jersey City.
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