There was not an empty seat at the Pines Manor, in Edison, this morning, as state Department of Environmental Protection and environmental experts spoke to more than 200 New Jersey business leaders about the changes being made to the site remediation program. In May, the DEP will hand over all site remediation cases to an ...
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Government
Planning debate focuses on what land should be developed, preserved
The opening stage of what could prove to be a lively debate over what land in New Jersey should be targeted for development or preservation began Tuesday at the State Planning Commission. The commission heard from both property owners and planning groups that offered different visions for how land should be developed. State officials presented ...
Read More »Princetons merger may give boost to commercial real estate
The merger of Princeton Borough and Princeton Township is likely to have a positive effect, however slight, on the commercial real estate market in a locale that attracts companies and tenants who seek a prestigious address. “The consolidation of the two towns, if nothing else, should have a positive impact on a few things in ...
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Christie’s proposed income tax cut wins instant business support
A proposed 10 percent, across-the-board income tax cut proposed by Gov. Chris Christie won instant support from business groups today. The proposal, made during Christie’s annual State of the State address, would be the largest tax cut in the state since the 30 percent cut enacted during Gov. Christine Todd Whitman‘s first term. “In my ...
Read More »EDA board approves $50M Citibank loan program aiding international trade
New Jersey businesses aiming to increase the amount of business they plan to do overseas would receive a boost under a $50 million loan program with Citibank approved by the state Economic Development Authority on Tuesday. The EDA board approved a new program in which Citibank will provide up to $50 million in financing over ...
Read More »In a first, NJTV will give Christie HD treatment in today’s address
For the second time in two weeks, NJTV will have its cameras and crew at the Statehouse as it prepares to broadcast Gov. Chris Christie‘s State of the State address for what it says will be in high definition for the first time on public television. “The rescheduling wasn’t as difficult as it might have ...
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N.J. business advocates cautious on Obama’s planned reorganization
Executives with two prominent New Jersey trade groups say they would support President Barack Obama’s proposal to merge six federal business and commerce agencies — as long as their services to the state’s industries don’t suffer as a result. Michael Egenton, senior vice president with the New Jersey Chamber of Commerce, said the group has ...
Read More »Terumo buys sheath-maker Onset Medical
A Somerset medical device maker is boosting its line of minimally invasive surgery products with the acquisition of a California firm. Terumo Medical Corp., the U.S. subsidiary of the Japanese firm Terumo Corp., said Monday it has acquired Irvine, Calif.-based Onset Medical Corp., which specializes in sheath technology used in minimally invasive cardiology and urology ...
Read More »Christie set to deliver delayed State of State address
New Jersey’s business community awaits Gov. Chris Christie‘s delayed annual State of the State address, to be delivered Tuesday afternoon. Christie’s speech is expected to highlight his administration’s efforts over the past year to call for advancing some items left on his agenda, including education reform and the end of paid unused sick leave for ...
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Cleanup experts in demand as deadline nears
The May 7 deadline to most of New Jersey’s more than 15,000 polluted sites under the supervision of private-sector consultants has left the Department of Environmental Protection expecting a surge in retention of these experts — and fending off continued criticism from industry insiders. As the deadline bears down on site owners and responsible parties, ...
Read More »High hopes for backers of medical marijuana
Two years after New Jersey legalized medical marijuana, 2012 looks like it will be the year the state’s first dispensaries open, advocates say. But even with the end of a lengthy legalization battle in sight, supporters say plenty of issues still need to be resolved in order to make the program achieve its intended aims. ...
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Addressing confusion on 250M incentive
The status of a $250.8 million tax credit award to Prudential Financial Inc. is unclear, as the insurance giant has publicly said it’s considering multiple sites in Newark to build a new headquarters property, though its application identifies a Center Street address near the New Jersey Performing Arts Center. But the one site specified in ...
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