It may sound too good to be true, but landlords such as C&K Properties beg to differ. With New Jersey’s newly revamped business incentives, the owners of 2 Gateway Center in Newark say it’s entirely possible — even probable — for a tenant that meets the right criteria. “There’s lot of boxes you have to ...
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Government
EDA to begin accepting applications under new incentives law Monday
The act, which was signed into law by Gov. Chris Christie in September, combines five previous incentive programs into two, the Grow NJ program and the Economic Redevelopment and Growth program. “The ERG and Grow NJ programs will create a positive impact in terms of New Jersey’s ability to compete regionally, nationally and in the ...
Read More »EDA approves 33 million tax credit for downtown Newark mixed-use project
Known as Two Center Street, the Dranoff Properties project is part of the One Theatre Square development. Plans call for a LEED Silver designated 22-story brick and glass tower, which will feature 244 apartments and just under 15,000 square feet of retail space. It will be able to accommodate up to five tenants. The project, ...
Read More »Jersey City mayor calls Port Authority chairman’s claim of compliance wrong
Port Authority Chairman David Samson told NJBIZ this week his Authority is “in compliance” with its obligations, despite the recent $400 million lawsuit.But Jersey City Mayor Steven Fulop was quick to answer Samson’s claim. Fulop said on Twitter (embedded below), referring to the Authority’s delayed response as well as Samson’s claim, “they finally woke up ...
Read More »5 Ocean City businesses receive Stronger NJ grants
Pelican Pete’s Island Car Wash, Neal’s A&D Tire Service, Christina’s Butterfly Boutique, Making Waves and Serendipity Bed and Breakfast were the announced recipients. The program offers grants of up to $50,000 to businesses that were damaged during superstorm Sandy. The EDA says that it has thus far approved over $6.6 million in grants to 132 ...
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Obama’s ACA reversal now in hands of N.J. insurance regulators
The immediate future of the Affordable Care Act in New Jersey now appears to be in the hands of the Department of Banking and Insurance.
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Samson breaks Port Authority’s silence on Jersey City suit
Chairman of Port Authority comments on potential $400 million lawsuit it faces from Jersey City over taxes.
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Insurance industry Obama’s ACA reversal could mean higher premiums for all
President Obama’s announcement that people should be able to keep their existing insurance policies is good news for the millions who recently received cancellation notices – but insurance companies worry about destabilization.
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Economic Opportunity Act II advances to budget committee
Follow-up legislation to the Economic Opportunity Act, the New Jersey business incentives overhaul signed into law in September, was unanimously released from the Senate Economic Growth Committee today.
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Economic Opportunity Act II That’s right, proposals for more incentives will be presented Thursday
Well, that didn't take long.
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More movies? Committee to hear testimony supporting Garden State Film and Digital Media Jobs Act
“It will be a job creator for areas all across the state,” Fulop said in an interview Tuesday. The act is featured as part of a package of additional business incentives to complement the recently passed Economic Opportunity Act. State Sen. Raymond Lesniak (D-Union) is sponsoring the bill, which also calls for additional tax credits ...
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Chiesa returns to Wolff Samson after stint as interim U.S. senator
By Joshua Burd | Email | TwitterJeff Chiesa has landed in a familiar place — Wolff & Samson — after spending five months filling in as a U.S. senator, the West Orange-based law firm announced today.The former state attorney general has rejoined the firm as a partner after being tapped by Gov. Chris Christie in ...
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