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NJBIZ Conversations: Ambassador Karen Pierce
The British ambassador to the U.S. talks about her recent meeting with Gov. Phil Murphy, the importance of the relationship between the U.K. and New Jersey, and the role diplomats can play in rebuilding strong manufacturing supply chains.
COVID rules lifted for live venues, office spaces, indoor gatherings
The state is rolling back one of its final rounds of pandemic restrictions, as the spread of the virus plummets and more than 4.1 million people are fully vaccinated.
Murphy to approve bill ending public health order, limiting his powers
"[N]ow is the right time to take this action, particularly as the final limits on gatherings are lifted ... " reads a joint statement issued by the governor, Senate President Stephen Sweeney and Assembly Speaker Craig Coughlin. "With passage of this bill today and its signing tomorrow, followed by the governor's signing of an executive order terminating the Public Health Emergency, we will move cl[...]
Lawmakers look at adding to Murphy’s proposed pension payments
“If we’re in a position to make larger contributions it’s to our benefit to do that because it saves us a great deal of money in the long haul,” said Assemblyman John Burzichelli, who chairs the Assembly Appropriations Committee.
NJCBA forms working group to engage CRC about hemp
Leaders from Pure Genesis, OCan Group LLC and Garden State Harvest, each armored with industry experience in other states, will provide input and feedback to the Cannabis Regulatory Commission and the public in the hopes of helping to craft a strong state policy.
NJEDA adds new accelerator to help state-based startups
There are currently three participants in New Jersey: Cleantech Open Northeast, Morgan Stanley Multicultural Innovation Lab and now VentureWell’s Aspire Program.
NJ taking vaccine mega-sites offline as 4.1M get shots (updated)
The closures mark a shift toward hyperlocal deployment of vaccination efforts, as the state attempts to inoculate hundreds of thousands of vaccine-hesitant New Jerseyans. More than 2 million people have gotten their shots at one of the six mega-centers.
Legislature to vote Thursday on bill ending public health emergency (updated)
Unlike a version pulled in May, this proposal would employ legislative oversight for emergency powers the governor intends to use through Jan. 11, and he could ask lawmakers for a 90-day extension.
With nearly $26B for NJ businesses, window closes for federal PPP loans
An estimated 8.5 million enterprises nationwide have received funding under the Paycheck Protection Program: The SBA approved 157,405 forgivable loans totaling $17.3 billion in 2020, and 134,362 loans totaling roughly $8 billion in 2021.
Murphy cautions against ‘drunken sailor’ spending with extra cash
The state is looking at a closing balance of $6.3 billion this year thanks to $4 billion of new debt, spending freezes last year, and surges in consumer spending driven by pent-up demand following a year of COVID-19 closures.
After 2 years offline, NJ reopens applications for real estate incentives
The New Jersey Economic Development Authority greenlit a state incentive for residential developers, under one of a dozen programs meant to lift the state out of the COVID-19 recession.
Yes, we’re open
Between the start of Memorial Day weekend through June 4, most of New Jersey’s COVID-19 business restrictions were rolled back for vaccinated people, allowing an almost complete return to pre-pandemic operations. The move was hailed by business groups, who contend that the rules constituted a drag on the state’s economy. But public health experts remain cautious about whether the state is read[...]
