The federal opportunity zone program was greeted in New Jersey with a mixture of optimism about potential development and anxiety over just who it will benefit – local communities or Wall Street.
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Money
Cross River Bank to enhance real-time payment capabilities
Cross River Bank said that it will enhance its real-time payments capabilities for its partners through its application to join the RTP® network developed by The Clearing House (TCH). With the RTP network, the Fort Lee-based Cross River will provide the ability for its fintech and commercial banking clients to send, clear and settle payments ...
Read More »Garden State experiences lowest monthly unemployment rate since recordkeeping began in 1976
August marked the fifth consecutive month that New Jersey’s unemployment rate continued its downward trend. The state’s unemployment rate edged lower by 0.1 of a percentage point to 3.2 percent – the lowest monthly rate since state-level records began in 1976 – and remained below the national unemployment rate of 3.7 percent, according to estimates ...
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NJBIZ poll: What are your biggest growth-killers?
Does your business qualify for the NJBIZ Fastest 50 Awards? We've extended the deadline and will be accepting nominations through Sept. 29 for this year's program. Please take advantage of the extra time to nominate your or your client's company today!
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NJ small businesses looking to export goods get $900k SBA grant
The U.S. Small Business Administration has awarded the New Jersey Office of Export Promotion $900,000 to support small business owners looking to export goods. It’s the largest grant received through the State Trade Expansion Program in state history. It will help small businesses participate in trade shows and other events that may have been cost prohibitive. ...
Read More »CIT Bank unveils move to Morristown after eyeing move to New York
CIT Bank announced it will move its corporate facility from Livingston to a new site 12 miles away in Morristown, after the state offered a $22 million tax break to keep the bank from relocating the offices out of state to White Plans, N.Y. CIT’s decision to stay in New Jersey means the state will ...
Read More »Selective partners with Gradifi to provide student loan repayment and refinance assistance
Selective Insurance announced it is working with Gradifi to support employees who have student loan debt. As the student loan crisis conversation changes on a daily basis, the one thing that is certain is there are only a few employers out there who are taking the first big steps to solve this national problem for ...
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Grewal takes action on student loans; looks to protect borrowers
New Jersey Attorney General Gurbir Grewal is taking two related actions in response to what he considers the U.S. Department of Education’s repeated refusals to cooperate with state investigations of fraudulent and predatory practices by student loan services, for-profit schools, and others. In the first action, Grewal led a coalition of 17 attorneys general, along ...
Read More »Holmdel insurance company acquires assets of John Manougian Agency
Holmdel-based Jacobson, Goldfarb & Scott, Inc. (JGS Insurance) said it acquired John Manougian Insurance Agency (JMI) located in Silver Spring, MD. Founder John Manougian will remain as a consultant, while Chris Manougian and Robin Manougian will serve as Vice Presidents along with the rest of the staff whom will continue to operate from the agency’s ...
Read More »Investors Bank appoints Varshney chief compliance officer
In his new role, Rajiv Varshney will support deploying the bank’s databases, workflow tools and management information systems (MIS).
Read More »One Wall Partners hires industry leader as SVP of Property Management for growing portfolio
Newark-based One Wall Partners announced it hired Kerri Haltom as Senior Vice President of Property Management for the company’s portfolio, which has grown to more than 3,600 units in New Jersey and Pennsylvania. In her new role, Haltom will oversee the property management division as the company continues to grow through acquisitions. Haltom has cultivated ...
Read More »Kearny Bank’s new team to focus on enhanced expertise, savings, investment strategies and ‘quality of conversations’
Kearny Bank announced it established a new Retail Sales & Development Team, reflecting an emphasis on improved performance and service at each local branch, as measured by the quality of conversations with clients. Kearny Bank says this means cultivating a more thorough understanding of each client’s needs and preferences, while seeking opportunities to further strengthen ...
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