A majority of New Jersey's business leaders are negative toward Obamacare, worried about consumer spending, moderately optimistic about the state's economic forecast and down on the prospect of the Garden State playing host to a second Super Bowl, according to the latest ParenteBeard -New Jersey Chamber of Commerce Business Climate Survey released...
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Government
Survey We should tax the rich … say the rich. Seriously
Tax the rich. It's the oldest idea in the book, but you'll be surprised who said they favor it in a new poll … it's the rich.
Read More »Resolution creating economic ‘task force’ for some South Jersey counties advances
The Senate Economic Growth Committee unanimously voted to approve a resolution Monday that would establish an economic development task force in some South Jersey counties.
Read More »Film Act, others to get hearing over incentives
If you like more incentives — or rather, like reading about more incentives — then you're going to love this week.
Read More »U.S. added 288,000 last month as unemployment dips to 6.3 percent
New data released Friday by the U.S. Department of Labor indicates roughly 288,000 new jobs were added in April as unemployment fell by 0.4 percent from 6.7 percent in March to 6.3 percent.
Read More »N.J. tax incentives could create a thriving film, television industry in the state
Montclair Film Festival—which showcases the talents of filmmakers worldwide while increasing and focusing attention on the cultural vibe of the Township of Montclair—invited industry experts to speak on a panel entitled Filmmaking in New Jersey on Tuesday.
Read More »In light of revenue shortfall, Fitch issues N.J. debt rating downgrade
New Jersey’s outstanding general obligation debt of roughly $2.4 billion was downgraded Thursday by Fitch Ratings, which said the state’s outlook remains negative.
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PSEG, state regulators settle on 1.2 billion ‘Energy Strong’ grid-hardening project
A deal with state regulators will allow Public Service Electric and Gas to move ahead with its high-profile Energy Strong program—first proposed with a $3.9 billion price tag—to harden its utility infrastructure in the wake of Hurricane Sandy.
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Democrats propose bill that would allow Tesla to operate in N.J.
Assembly Majority Leader Lou Greenwald (D-Voorhees) and Assemblyman Tim Eustace (D-Paramus) unveiled a “compromise” legislation Thursday that would keep Tesla Motors operating in New Jersey.
Read More »COAH finally unveils new guidelines
New Jersey needs more than 100,000 new units of affordable housing to fulfill future obligations to its residents and those envisioned by state officials decades ago, according to new rules unveiled Wednesday by the Council on Affordable Housing.
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LM Development completes first N.J. project in Orange
New York-based L&M Development Partners has completed its first project in New Jersey, a new residential and retail complex in Orange at the former site of an abandoned warehouse and coal storage facility.
Read More »Exelis receives 91M electronic warfare production contract from U.S. Navy
Exelis, a global aerospace, defense, information and services company, has received a contract valued at more than $91 million from the U.S. Navy to begin production of the ALQ-214 electronic self-protection system, which is produced at the Exelis Electronic System facility in Clifton.
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