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Government

Morris County Improvement Authority issues $33.1M in green bonds

The Morris County Improvement Authority recently issued $33.1 million in bonds to finance renewable energy projects at municipal and educational facilities throughout the county. Wells Fargo, with offices in Madison, announced Tuesday that it was the senior managing underwriter for the bonds, which will be used to provide access to solar, wind and other alternative ...

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Watson again taps EDA for global RD center in North Brunswick

Citing a positive experience when relocating its headquarters to Parsippany, Watson Pharmaceuticals Inc. announced Monday the company will open a new global research and development center in North Brunswick with the help of the Economic Development Authority. The company signed a 32,000-square-foot lease in the EDA’s Technology Centre of New Jersey, and will immediately begin ...

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Businesses say tax cuts send ‘right message’

Sole proprietors and others who report their business income as personal income are especially supportive of Gov. Chris Christie’s income tax proposal, as industry groups said the message behind such a cut would be even more valuable than the savings it would offer employers. “It’s important, as a principal, to say we’re moving in this ...

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Loosening deadlines for builders

An examination of Urban Transit Hub tax credit awards by the Economic Development Authority demonstrates the agency has granted extensions to multiple applicants to keep development projects on track. Under the Urban Transit Hub law, applicants have 12 months from the approval date to meet at least three major milestones — site control, site plan ...

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Packing his bags

While in talks with Chris Christie about becoming the governor-elect’s chief of staff two years ago, Richard Bagger downloaded a job description from the website of the National Governors Association. The document lists the many hats a chief of staff must wear — including chief strategist, crisis coordinator and headhunter. At the end is a ...

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Christie appeals to business for support at chamber dinner

New Jersey businesses will be essential in the effort to cut taxes and rein in government spending, Gov. Chris Christie told the New Jersey Chamber of Commerce on Thursday night in Washington. Christie said he needs the crowd filled with business executives: “I need you to stand up” for job creation, spending cuts and stopping ...

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Christie Income tax cut will improve Tax Foundation ranking

New Jersey again ranks last in the United States with the worst overall tax environment for business, but the state has achieved a slightly higher corporate tax ranking, inching up to 39th in the nation from last year’s 40th spot, according to a report that by the nonprofit, nonpartisan Tax Foundation. “New Jersey scores at ...

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Christie backs UMDNJ overhaul Barer sees research, business benefits to mergers

Gov. Chris Christie today endorsed a major overhaul of the University of Medicine and Dentistry of New Jersey and Rutgers University. The changes would improve the state’s research climate, as well as business-university ties, according to Sol Barer, chairman of the advisory committee that recommended the changes. The UMDNJ committee report recommended focusing UMDNJ in ...

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