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 ...
Read More »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 ...
Read More »For the 172,000 businesses in New Jersey organized as partnerships, a reform to the current tax law suggested by President Barack Obama could nearly double the amount of taxes paid when the partnership is sold, according to a report issued today. The Common Sense Institute of New Jersey issued its findings on economic impact to ...
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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 ...
Read More »When President Barack Obama addresses the nation tonight during his State of the Union address, New Jersey business organization leaders will be listening to hear words of direction, leadership and cooperation. “What the business community and the general public is waiting to hear is what kind of leadership he will provide, in terms of getting ...
Read More »Insurance and benefit software company Vitech Systems Group Inc. announced Monday it is expanding its Northeastern footprint with a new location in the Iselin section of Woodbridge. The company expects to occupy its 20,000-square-foot, built-to-suit office in April, relocating 50 jobs from its New York headquarters and hiring 50 additional employees. Vitech spokeswoman Karen Stevenson ...
Read More »The effort to legalize sports betting in New Jersey could get much-needed attention on Capitol Hill, as two Garden State congressmen prepare bills that would lift the federal government’s ban on the practice. One of the lawmakers, U.S. Rep. Frank Pallone Jr. (D-Long Branch), was scheduled today to announce legislation that would exclude New Jersey ...
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The deadline for businesses to apply for Urban Transit Hub tax credits is a year off, but the Economic Development Authority’s chairman has ordered a fiscal analysis to determine what’s left in the bank as the pipeline of projects awaiting review grows deeper. An exact picture of the finances may be complicated, though, by ongoing ...
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The Chris Christie administration wants to build stronger ties between higher education institutions and businesses — and observers are hoping the governor revisits a proposal to do just that. A bill Christie recently declined to sign would have required universities to create a list of their assets, including research, which would be available to the ...
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When Raymond J. Lesniak speaks during legislative hearings, people tend to listen. The Democratic state senator from Elizabeth — first elected to the body in 1983, after five years in the Assembly — has built a reputation as someone who gets bills passed. That distinction has increasingly become important to the state’s business community, as ...
Read More »The New Jersey Economic Development Authority will be making a $2 million investment in a venture capital fund, under a deal the EDA board approved on Tuesday. The EDA will make a $2 million limited partnership investment from its Economic Recovery Fund into Lawrence-based Edison Ventures’ Venture Fund VII. Agency CEO Caren S. Franzini said ...
Read More »Paid family leave offers a healthy economic return, according to a study released today by researchers from Rutgers University’s Center for Women and Work and the National Partnership for Women & Families. The study, using data collected by the Bureau of Labor Statistics between 1997 and 2009, showed women who used paid leave report stronger ...
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