The Elizabeth Development Co., through the New Jersey Department of Labor and Workforce Development, is granting access to training opportunities in the construction industry and will assist with job placement in North Jersey thanks to the new initiative.
Read More »
Government
NJ opens pre-registration for $10M of COVID-relief biz loans
As part of the Small Business Emergency Assistance Loan Program, run by the NJEDA, businesses and nonprofits hit by the pandemic can apply for loans of up to $100,000, which last 10 years with a 0% interest rate and deferred payments for the first two years.
Read More »Murphy: NJ ‘not there’ with new mask mandate as COVID Delta variant surges
There were 338 COVID-19 patients in New Jersey’s 71 hospitals as of July 18, of which 58 were in intensive care and 29 were on ventilators. But state health officials maintain that those numbers are “lagging indicators,” meaning it could be days or weeks before they reflect the virus's current extent.
Read More »NJ approves record-high $33M tax break for NBC’s ‘The Equalizer’
In 2019, the media giant received nearly $14.4 million for its season one production in East Rutherford of “The Enemy Within,” and an $11.2 million award for the Kearny production of “Little America.”
Read More »NJ slashes $12M from drugmaker Sanofi’s $40M tax break (updated)
According to state officials, the money was awarded in August 2017 on two primary conditions: for major expansions at the global drugmaker's Bridgewater corporate campus, and that it would retain 2,099 job positions. But, the NJEDA contends, both circumstances have changed.
Read More »New balance
The president is asking the FTC to ban or limit non-compete clauses, which prevent millions of workers from going to work for their employers’ rivals. The move was hailed by labor rights groups who contend the provisions limit opportunities, especially for lower paid employees. But business groups say they are vital to protect company interests, stay competitive in the market and not unfairly lose out to direct industry competitors.
Read More »From the top
The Biden administration is taking aim at mergers among hospitals, pharmaceutical companies and other health care institutions, a move that federal officials contend would reign in high medical bills and drug prices.
Read More »New Jersey sees employment decline in its 15 largest counties in Q4 2020
U.S. Bureau of Labor Statistics Chief Regional Economist Martin Kohli noted that Atlantic County, Essex County and Passaic County had the largest over-the-year decreases.
Read More »Booker, others draft federal cannabis legalization bill
“For decades, our federal government has waged a 'War on Drugs' that has unfairly impacted low-income communities and communities of color,” said Sen. Cory Booker.
Read More »23 NJ businesses finish program to steer public contracts to minority-owned firms
The Small Business Bonding Readiness Assistance Program, which aims to help "small business owners compete for city, county, and state contracts and expand their portfolios of projects,” launched in 2018 as a joint venture between the NJEDA and the African American Chamber of Commerce of New Jersey.
Read More »Lobbyist joins NJBIA government affairs team
Alexis Bailey comes on as director of the department, where she will work alongside other known presences in New Jersey politics: Chief Government Affairs Officer Chrissy Buteas and Vice Presidents of Government Affairs Ray Cantor and Christopher Emigholz.
Read More »New poll shows most in NJ want $10K SALT cap lifted
The limit on state and local property tax deductions was passed as part of the 2017 federal tax law signed by then-President Donald Trump, a Republican. According to FDU's survey, however: “In a rare instance of bipartisanship, equal proportions of Democrats and Republicans say the SALT cap should be removed."
Read More »