The two organizations will operate under the Abacus Payroll brand name from Hammonton.
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Money
Cross River purchases Fort Lee office building from Mack-Cali
Supported by a Grow New Jersey grant, the bank will relocate 200 employees from its current Fort Lee headquarters to the new site, with plans to add more than 250 new jobs.
Read More »Leadership changes announced for insurance company ProSight
Two of ProSight Specialty Insurance’s founders will transition into new roles with current Chief Executive Officer Joe Beneducci taking over as executive chairman, and current Chief Operating Officer Larry Hannon succeeding him as CEO.
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New Jersey Community Capital hones in on health equity with Hamdi
A former director of health and human services for the City of Newark, Hanaa Hamdi has been named to lead health impact investment strategies and partnerships for NJCC.
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2.7-million-square-foot rent-a-car facility coming to Newark Airport
The facility will boast 2,925 public parking spaces and 3,380 rental car spaces to support all 10 brands at the airport under one roof.
Read More »Rising Tide Capital celebrates Jersey City HQ
The building in the Greenville section of town boasts 5,000 square feet of ground floor space and features a business accelerator and housing for entrepreneurs.
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Finding funding
It’s not that banks don’t want to lend to small businesses, it’s that they simply can’t do it cost-effectively. In 2016, 19 percent of small businesses seeking financing turned to online lenders. Just two years later, that number is up to 32 percent.
Read More »Kingston-based CircleBlack adds to board of directors
Martin Beaulieu, executive chairman of Artivest, has joined the board of directors for the online financial data platform.
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TD Bank survey finds small business owners confident in growth prospects
Small business owners across the U.S. expect larger increases in revenue this year than in 2018, despite growing trepidation about the national economy and inflation, according to the 2019 Small Business Survey conducted by TD Bank. SBOs show continued optimism about their businesses’ prospects, with 54 percent anticipating revenue growth, compared with 52 percent who ...
Read More »Gov. Murphy signs bills to recruit women and minorities, require colleges to develop open textbook plan
New Jersey Gov. Phil Murphy signed Senate Bill 368 into law on Thursday, authorizing political subdivisions to set aside 0.5 percent of public works funds to recruit and train women and minorities and promote local hiring. Murphy speaks about making New Jersey a fairer economy with a focus on innovation and providing equal opportunity. The ...
Read More »Bain Capital to acquire Imperial Dade
Bain Capital announced it has agreed to acquire a majority stake in Imperial Dade, a distributor of disposable food service and janitorial supplies with headquarters in Jersey City. Imperial Dade will continue to be led by its current management team, who will remain significant investors in the company. Financial terms of the private transaction were ...
Read More »New survey finds the majority of job seekers receive multiple offers
Companies shouldn’t assume that their job offer is a candidate’s only option, new research suggests. A new survey of workers from global financial recruitment firm Robert Half Finance & Accounting found nearly six in 10 job seekers (59 percent) have received two or more offers simultaneously when applying for jobs. The competition for talent is ...
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