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N.J. improves to 49th in study of tax climate
Tax Foundation says failure to enact millionaire’s tax helped push New Jersey ahead of New York, which fell into last.
EDA raises transit hub credit cap on residential bids
Residential developers will be eligible to have as much as 35 percent of project costs covered by Urban Transit Hub tax credits, instead of a 20 percent limit that had previously been set for a competition for projects.
Merck announces it’s moving its headquarters to Summit
The relocation is part of a broader restructuring the global drugmaker has undertaken since acquiring Schering-Plough in 2009.
Mack-Cali to acquire multifamily builder Roseland in 134M deal
Mack-Cali Realty Corp. is set to acquire Roseland Property Co., allowing one of the country's biggest office landlords to jump into the red-hot apartment sector with one of New Jersey's prominent multifamily builders.
Deals and Moves Oct. 9
Industrial property acquisition, warehouse opening, medical science acquisition.
Mars ramps up investment in cocoa sustainability program
Mars’ efforts are prompting competing chocolate companies to introduce sustainability into their supply chains, as well.
Wholesale florist returning to South Jersey after abandoning state for Philly
Pennock says it lost opportunities in New Jersey after consolidating its operations in Philadelphia in 2005.
Outreach to businesses changes blueprint of Somerset development plan
Partnership said its perspective needed to be updated beyond the sprawling development and pharmaceuticals booms of the ’80s and ’90s.
PSEG chief, Senate president make business case for higher ed bond
“New Jersey is serious about attracting the high-tech jobs of the future,” said Tom Kean, the last governor to fund such a measure.
Deals and Moves Oct. 8
Drug manufacturing partnership, generics acquisition approval, employee benefits merger.
Podcast NJBIZ Briefcase 048 – Window
A holistic approach to renewable energy, the "no jerk rule" that's kept a law firm at the top, and the last bite at the apple for economic incentives. Those stories and more on NJBIZ Briefcase - Episode 048: Window.
Minor league baseball attendance records drop in N.J.
Managers say they have to be even more creative to bring in crowds, including restructuring how they pitch sales to businesses and groups.
