The combined entity will have total assets of $7 billion, deposits of $5.4 billion and loans of $5.9 billion, as of June 30, including $800 million of loans from the target.

Thai Lee, president and CEO of the IT provider, said more than 350 Rutgers alumni work at the company and that more employees earned their degrees at the university than any other institution.

The state, along with New York and Connecticut, is attempting to restore the federal deduction for state and local tax payments, which the 2017 tax law and a subsequent IRS rule caps at $10,000.

The Newark Business Certification Expo "represents billions of dollars of potential business opportunities for local minority-and women-led businesses," said Bernel Hall, CEO of the Newark Community Economic Development Corp.

New Jersey earned an A grade for education, ranking fourth in the country. But the state received an F on cost of living – ranking 41st – and another failing grade on business friendliness – placing at number 44.

The Garden State placed just behind South Carolina and just ahead of California in the report, which Bankrate.com released on July 10.

The 159-room MC Hotel is part of the Autograph by Marriott collection and is being developed by Montclair-based The Pinnacle Cos. and Morristown-based The Hampshire Cos.

With cargo volumes rising to record levels, the bi-state agency seeks to to ensure that its shipping facilities will be able to handle the traffic securely, efficiently and with minimal environmental effects.

Average rents rose by more than 18% in the second quarter over the same period last year, according to commercial real estate brokerage and investment firm JLL.

The vacancy rate in the office market fell to 17.1 percent — the lowest level since 2007, according to Cushman & Wakefield.

The first phases of the project will include 340 residential units and 8,000 square feet of retail space, according to the companies.

Gov. Phil Murphy tapped prominent litigator Ted Wells to handle the defense of a lawsuit filed by George Norcross and several businesses over the state's investigation of the Economic Development Authority.