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Employment rate picks up, but remains disappointing
“We really should be doing much better than this,” says one economist, who believes excessive regulation is putting a damper on small companies’ ability to hire and grow.
Ascension takeover bid for St. Joseph’s falls apart
The breakup means Ascension also loses out on St. Mary's Hospital, the acquisition of which was contingent upon a deal with St. Joseph's.
Suburban completes 1.8B takeover of Inergy
First announced in April, the merger pushes Morris County-based Suburban into 11 new states, and gives it a total of 1.3 million customers.
Aug. 13 hearing to look at Barnegat Bay, plastic bags
The hearing is expected to draw plenty from the business community, who are opposed to regulations of plastic bags. Instead, they say, the best solution is to allow retailers to continue their efforts to promote bag reuse and recycling.
Business Action Center expands expertise to Spanish language
The agency says it’s taking steps to better serve New Jersey’s Latino-owned companies, which earn a combined $10.1 billion in annual revenue, but may be unable to get incentives due to a language barrier.
Union Center completes 10M takeover of Bergen bank
Union Center gets a foothold in competitive Bergen County, including new branches in Oakland and Saddle River.
Deals and Moves Aug. 2
Telecommunications acquisition, medical rehab purchase, storage facility sale.
State comptroller alleges questionable practices at Middlesex authority
“Criteria like ‘interacts well with others’ and understands and follows instructions’ are not sufficient justification for the payment of more than $100,000 in yearly bonuses to the upper management of a government agency,” the state comptroller said as the hammer fell against the latest county improvement authority...
Entrepreneurs hopeful for expansion to small-business set-aside program
Startups are welcoming proposed changes to a $2 billion federal grant program, which are aimed to put an emphasis on technology commercialization and allow venture-owned companies to qualify for funding.
ADP takes wraps off another disappointing jobs report
Once again, the monthly index shows an increase in employment, but experts say the rebound is two to three times behind what's needed to see a full recovery in the next five years.
