The board of the New Jersey Economic Development Authority approved $40 million in tax credits incentives this morning for Philadelphia-based Destination Maternity Corp. as the maternity apparel retailer considers whether to relocate from Philadelphia into Burlington County.
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Government
Coutinho pleads guilty to theft, falsifying records
The Attorney General's Office announced this morning that Al Coutinho, until Wednesday a state assemblyman in Essex County, has pleaded guilty to stealing funds from his family's charitable foundation and filing false financial disclosure forms with the Legislature.
Read More »Coutinho resignation comes days after Assembly approves Christie’s changes to incentives overhaul bill
Al Coutinho abruptly resigned from his Assembly office this afternoon, in a brief letter of resignation addressed to Assembly clerk Dana Burley.
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Coutinho resignation comes days after Assembly approves Christie’s changes to incentives overhaul bill
Al Coutinho abruptly resigned from his Assembly office this afternoon, in a brief letter of resignation addressed to Assembly clerk Dana Burley.
Read More »Senate to consider bill aimed at limiting unemployment benefits fraud
In its scheduled voting session Thursday afternoon, the state Senate will consider legislation mandating employers report their new hires to the Department of Human Services, a measure aimed at preventing employees from fraudulently collecting unemployment benefits.
Read More »Development community shares sigh of relief as incentives overhaul seems poised for passage
Months of waiting on what would — or would not — become of the Economic Opportunity Act finally seem at an end, with a special seminar today offering the development community the chance to collectively breathe a sigh of relief on the legislation's likely passage.
Read More »Apartment Association cheers conditional veto on rent control
A bill that sought to ease restrictions on local rent control may result in only a review of how the policy is applied to senior housing in New Jersey, following Gov. Chris Christie's conditional veto this week of the controversial measure.
Read More »Health secretary on New Jersey ACA Marketplace real prices in real time by October
Kathleen Sebelius, secretary of the federal Department of Health and Human Services, told a press conference at University Hospital in Newark today that information will be made public at the end of this month about the coverage and the prices of health insurance plans that insurers will start selling Oct. 1 on the new federal Marketplace that...
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Update Assembly adopts Christie’s changes, sends incentives bill to Senate
The bill to overhaul the state's business incentives is now in the hands of the Senate, after the Assembly today adopted changes recommended hours earlier by Gov. Chris Christie.
Read More »Tax credit is ‘an important carrot’ for early-stage biotechs
Soligenix Inc. hasn't claimed benefits from the Orphan Drug Tax Credit because the pre-revenue company has yet to generate taxable profits.
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Hard to swallow
When NPS Pharmaceuticals received federal approval to sell Gattex earlier this year, it was great news for those who suffer from short-bowel syndrome — a very rare disease.
It also was great news for the Bedminster company, which stands to benefit from $50 million in tax credit for developing this so-called orphan drug.
Coalition plans to demonstrate in support of paid sick-leave requirement
Jersey City Mayor Steven Fulop's sick-leave proposal — under which employers with more than 10 employees must allow both full and part-time workers to accrue five paid sick days a year — is causing a stir well before the measure goes before the city council Wednesday.
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