Continuing unemployment claims drop below pre-recession average
New unemployment claims continued to rise in New Jersey during the week ending Sept. 29, but continuing claims fell below the pre-recession average for the first time since mid-2008.
Assembly committee OKs health exchange bill over business objections
During testimony today, business advocates said they supported the idea of a state-run health insurance exchange, but not the plans lawmakers have to create it.
Successful NJIT-Catalent deal shows promise of collaboration
Catalent executive says he was surprised to get weekly updates from NJIT researchers, which allowed the company to focus on the direction of research and avoid potential problems.
Edison data center company attracts 90M investment from venture group
IO said the investment will help open new data center hosting sites in Singapore and the United Kingdom by 2014, as well as expand its global sales force, research and development arms, and existing infrastructure in Phoenix and Edison.
J.H. Cohn completes merger with Reznick Group, creating 11th-largest U.S. accounting firm
Cohn CEO says Resnick’s expertise brings skill sets in new areas, like renewable energy, and a more in-depth real estate practice.
Atlantic Health continues growth strategy with Chilton merger
Chilton will keep its name; CEO says it doesn’t expect to cut clinical staff as a result of its combination with Atlantic, which has four hospitals in North Jersey.
N.J. banks awarded 602M in SBA loans in near-record fiscal year
The $602 million from 1,172 SBA loans marks the third-best year in the state’s history. Fiscal 2011 was the state’s second-best year, at $675 million; the New Jersey SBA lending record was set in 2005, at $699 million.
Mobile gaming moves forward as regulations take effect
Atlantic City gamblers will soon be able to step away from the slots and continue placing bets, under state regulations allowing gaming on mobile devices that took effect Monday.
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.
