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New Jersey CEOs Say the State Improves as a Place to Do Business

Thu, 23 May 2013 11:14:00 EDT

New Jersey continued to make improvement in the eyes of CEOs over the past year both as a place to do business and expand operations, according to the results of the New Jersey Economic Policy Summit's 2013 "C-Suite Survey" (C-Suite VIII) of Garden State CEOs.

Prudential Releases Results of African American Financial Experience Study

Thu, 23 May 2013 10:45:00 EDT

Prudential Financial, Inc. recently revealed the results of its 2013-2014�"African American Financial Experience" study, which found that competing priorities and fewer investment products constrict African Americans' ability to build a legacy of wealth.

OCI Solar Power Completes 3-Megawatt Solar Facility in Holmdel Township

Thu, 23 May 2013 10:43:00 EDT

OCI Solar Power has commenced commercial operations at its new solar farm in Holmdel Township - its second solar power plant in New Jersey.

Prism Joint Venture Completes $121M Acquisition of Princeton Pike Corporate Center

Mon, 20 May 2013 15:54:00 EDT

Lawrenceville-based Prism Capital Partners LLC has teamed up with Angelo, Gordon & Co. to acquire Princeton Pike Corporate Center for $121 million, which factors out to $151 per square foot.

Horizon NJ Health Awarded Commendable Accreditation by NCQA

Mon, 20 May 2013 15:59:00 EDT

Horizon NJ Health, New Jersey's largest Medicaid and NJFamilyCare managed healthcare organization, earns a Commendable Accreditation status from the National Committee for Quality Assurance (NCQA). Horizon NJ Health is a wholly owned subsidiary of Horizon Blue Cross Blue Shield of New Jersey.

AAA Poll Finds Travelers Confident Jersey Shore Will Be Open for Business

Mon, 20 May 2013 16:00:00 EDT

The AAA Clubs of New Jersey survey found that traditional Shore travelers will return this year, with 79% of travelers saying that Sandy had not altered their summer travel plans.

US Coast Guard Approves the Raising of the Bayonne Bridge Roadway

Thu, 16 May 2013 10:56:00 EDT

Governor Chris Christie, US Senator Robert Menendez and Representative Albio Sires recently praised the quick approval by the US Coast Guard of the Port Authority's plan to raise the existing Bayonne Bridge roadway to 215 feet.

Industry Leaders, Top Deals Honored at NAIOP New Jersey's Award Gala

Thu, 16 May 2013 10:52:00 EDT

Commercial real estate's top leaders and the top deals of the past year were saluted at NAIOP New Jersey's 26th Annual Awards Gala at The Palace at Somerset Park.

TechLaunch Introduces Class of 2013

Thu, 16 May 2013 10:49:00 EDT

Teams of hopeful start-ups who will comprise TechLaunch's Class of 2013 were recently introduced to each other and some of the mentors who will be guiding them on the challenging 16-week LaunchPad 2 program beginning on May 20.

Bussel Brokers Sale of 44 Talmadge Road in Edison

Tue, 14 May 2013 10:30:00 EDT

Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, brokers the sale of 44 Talmadge Road in Edison, a 243,000 square foot industrial facility.

Jersey Shorecast Predicts Strong Summer Season at Stockton Seaview Event

Tue, 14 May 2013 10:28:00 EDT

Grace Hanlon, executive director of the state Division of Travel and Tourism, told representatives of southern New Jersey's tourism industry and the media that despite the lingering effects of Hurricane Sandy, "We are stronger than the storm."

Newmark Grubb Knight Frank Arranges 191,000-SF Lease

Tue, 14 May 2013 10:31:00 EDT

Newmark Grubb Knight Frank�(NGKF) negotiates a new lease and expansion on behalf of Spectra Laboratories at Rockleigh Corporate Center, 8 King Road in Rockleigh. Under the terms of the 15-year lease, Spectra will expand its U.S. headquarters from 107,000 square feet to a total of 191,000 square feet.

Lautenberg Announces Federal Funding for Clean-Up of Brownfields Sites Throughout New Jersey

Thu, 09 May 2013 11:36:00 EDT

US Senator Frank R. Lautenberg (D-NJ) recently joined the Environmental Protection Agency (EPA) to announce that six communities across New Jersey have been awarded $3.8 million in federal grants to clean up and redevelop Brownfields sites.

SBA Finalizes Rule Adopting Changes to Contract Program for Woman-Owned Small Businesses

Thu, 09 May 2013 11:35:00 EDT

An interim final rule published in the Federal Register will immediately amend regulations to the US Small Business Administration's Women-Owned Small Business Federal Contract Program. As a result of the rule change, contracting officers can now set aside specific contracts for certified WOSBs and EDWOSBs at any dollar level.

North Jersey Media Group Holds Ribbon-Cutting for Its Solar Facility

Thu, 09 May 2013 11:33:00 EDT

North Jersey Media Group (NJMG) officially celebrated the launch of its solar power facility with a ribbon-cutting event. The solar installation, a partnership with KDC Solar of Bedminster, went live on March 12, 2013 and enables the company to generate more than 60 percent of the electricity needs at its Rockaway printing plant.

Immunomedics Announces Three New Patent Awards

Tue, 07 May 2013 11:59:00 EDT

Morris Plains-based Immunomedics, Inc., a biopharmaceutical company primarily focused on the development of monoclonal antibody-based products for the targeted treatment of cancer, autoimmune and other serious diseases, receives notice that its patent application for "Delivery system for cytotoxic drugs by bispecific antibody pretargeting," will issue as US patent No. 8,435,539.

Lakeland Bancorp Receives Approval of Proposed Merger

Tue, 07 May 2013 11:53:00 EDT

Oak Ridge-based Lakeland Bancorp, Inc., the parent company of Lakeland Bank, announced that it has received approval from the New Jersey Department of Banking and Insurance of the proposed merger with Bernardsville-based Somerset Hills Bancorp, the parent company of Somerset Hills Bank, and of the merger of the bank subsidiaries.

US casino revenue up nearly 5 percent in 2012

Tue, 07 May 2013 12:00:00 EDT

The Associated Press reports, "Things are looking up for most of the nation's commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady."

$260 Million Stronger NJ Business Grant Program Launches

Thu, 02 May 2013 10:45:00 EDT

The New Jersey Economic Development Authority (EDA) approves the creation of the Stronger NJ Business Grant Program. Small businesses that sustained at least $5,000 in Sandy-related physical damage can now apply for grants of up to $50,000.

The LeFrak Organization Signs New Leases at 111 Town Square Place in Newport, Jersey City

Thu, 02 May 2013 10:45:00 EDT

The LeFrak Organization recently completed 11 new leases at 111 Town Square Place, a 15-story class-A office tower with 500,000 square feet of office, data and co-location space in Newport, a mixed-use development community on the Jersey City waterfront.

Maher Terminals Appoints New President & CEO

Thu, 02 May 2013 10:44:00 EDT

The Board of Directors of Maher Terminals, LLC, an Elizabeth-based multi-user container terminal operator, announces the appointment of Gary Cross as president and chief executive officer. Cross accepts overall responsibility for Maher's corporate vision, strategy, growth and service model.

Sandy: Distributing The Resources NJ Needs For Rebuilding

Tue, 30 Apr 2013 13:24:00 EDT

What New Jersey Residents Need To Know About The Christie Administration's Community Development Block Grant Disaster Recovery Action Plan.

Christie Announces $1.3B for Higher Education Construction

Tue, 30 Apr 2013 13:24:00 EDT

Governor Christie announces that Secretary of Higher Education Rochelle Hendricks has sent the Legislature a list of 176 higher education capital construction projects, the first concerted contribution to New Jersey's higher education infrastructure in decades.

Poll: Sandy Recovery on Track for Most New Jerseysans

Tue, 30 Apr 2013 13:11:00 EDT

In the hardest hit areas of the state, 67% of residents say they are now fully recovered, which is up from 57% in February and 53% in December.� However, the number of families in the hardest hit communities who have only barely recovered or not recovered at all has not gone down.

Honeywell Acquires RAE Systems

Thu, 25 Apr 2013 10:56:00 EDT

Morristown-based Honeywell, reaches a definitive agreement to acquire RAE Systems, Inc., a privately held manufacturer of fixed and portable gas and radiation detections systems, and software for $340 million.

NJNG Announces Agreements to Build Three Public Compressed Natural Gas Fueling Stations

Thu, 25 Apr 2013 10:55:00 EDT

New Jersey Natural Gas (NJNG) announces that it has entered into agreements with three host facilities, and will spend between $6 million and $8 million to build the first public compressed natural gas (CNG) fueling stations in Monmouth and Ocean counties.

Port Authority of NY/NJ to Approve Bridge Construction Program

Thu, 25 Apr 2013 10:54:00 EDT

New Jersey Governor Chris Christie and New York Governor Andrew Cuomo directed the Port Authority of New York and New Jersey to approve a historic bridge construction program at a recent meeting of its Board of Commissioners.

Port Jersey Logistics Adds 50,000 Sq. Ft. to Facility in Dayton

Tue, 23 Apr 2013 10:20:00 EDT

Port Jersey Logistics (PJL), a warehousing and distribution company, completes a 50,000-square-foot expansion of its warehouse facility in Dayton.

Rutgers Forecast: New Jersey's Recovery Still Trails Nation's

Tue, 23 Apr 2013 10:33:00 EDT

While New Jersey is on pace to add 48,600 nonagricultural jobs in 2013, that figure is 0.1 percent lower than last year's total (49,100) and helps to explain why the state's recovery rate is slower than the nation's.

Novo Nordisk Unveils New U.S. Headquarters

Tue, 23 Apr 2013 10:34:00 EDT

Novo Nordisk unveils its new U.S. headquarters. Located in Mercer County in Plainsboro, the world-class building is the result of a $225-million redevelopment project.

Cushman &Wakefield Arranges Sale of 445 South Street, Morris Township

Thu, 18 Apr 2013 12:46:00 EDT

Commercial real estate services firm Cushman & Wakefield, Inc. completes the $71-million sale of a 320,274-square-foot, class A office building at 445 South Street in Morris Twp. The sale price factors out to more than $221 per square foot.

First Quarter 2013 New Jersey Office Market Report

Thu, 18 Apr 2013 11:29:00 EDT

After a mostly positive 2012, the New Jersey Office market showed signs of regression in the first quarter of 2013, according to a report by commercial real estate advisory firm Newmark Grubb Knight Frank.

Small Business Exit Transactions Jump in First Quarter 2013

Thu, 18 Apr 2013 12:47:00 EDT

Business-for-sale marketplace BizBuySell.com, reports that small business sales increased 56 percent in the US for the first quarter of 2013, as compared to the first quarter of 2012.

Rutgers Approves Contract for Institute for Food, Nutrition and Health

Tue, 16 Apr 2013 12:38:00 EDT

The Rutgers University Board of Governors awards a construction contract to build a 79,711-square-foot facility dedicated to fighting childhood obesity and associated adult diseases such as diabetes, heart disease and cancer.

Gov. Christie Advances Tax Relief Plan

Tue, 16 Apr 2013 12:38:00 EDT

Governor Chris Christie recommends a tax reduction plan, building off his bipartisan compromise plan delivered last year by incorporating a revenue "circuit-breaker" to end any basis for obstructing the opportunity to provide broad relief from the State's onerous property and income tax burdens.

Lt. Gov. Breaks Ground on New HQs for Ascena Retail Group and dressbarn

Tue, 16 Apr 2013 10:53:00 EDT

Further demonstrating New Jersey's increased standing as an ideal location to invest and grow a business, Lt. Governor Kim Guadagno joined officials from Ascena Retail Group and dressbarn for the groundbreaking on their new 195,000-square-foot headquarters in Mahwah.

Prologis Breaks Ground on New Warehouse and Distribution Center

Thu, 11 Apr 2013 11:51:00 EDT

Prologis, a real estate investment trust, recently broke ground on its new warehouse and distribution center in Jersey City. The company's decision to invest in New Jersey will retain or create 810 jobs in the state.

Hackensack University Medical Center Partners With Terracycle� to Recycle the Unrecyclable

Thu, 11 Apr 2013 11:50:00 EDT

Hackensack University Medical Center is the first hospital in the country to partner with recycling pioneer TerraCycle to keep difficult-to-recycle items such as computer keyboards and mice, diaper packaging, chip bags and writing utensils out of landfills. TerraCycle will recycle the items into affordable, eco-friendly consumer products and industrial applications.

Assessment of New Jersey Data Center Development Offers Good Upside

Thu, 11 Apr 2013 11:18:00 EDT

On balance, New Jersey's data center market has a lot of upside in a commercial real estate market that continues to rebound from the recent downturn. That was the assessment provided by panelists addressing the topic, "New Jersey Data Center Investment & Development Outlook" at CRE's Second Annual Greater New York Data Center Summit & Expo.

Bussel Brokers Acquisition of 100,000-square-foot Industrial Facility

Tue, 09 Apr 2013 13:49:00 EDT

Edison-based Bussel Realty Corp. (BRC), an industrial real estate services firm in New Jersey, announces that it has represented Everflow Supplies, a distributor of valves, heating components, plumbing specialty and pipe products in New Jersey, in the acquisition of its new distribution headquarters at 100 Middlesex Avenue in Carteret.

Investors Bancorp and Gateway Community Announce Merger Agreement

Tue, 09 Apr 2013 13:47:00 EDT

Short Hills-based Investors Bancorp, Inc., the holding company for Investors Bank, and Gateway Community Financial Corporation, the mid-tier holding company for GCF Bank, sign a definitive merger agreement.

Expanded Private-Sector Financing for Small Businesses Impacted by Sandy

Tue, 09 Apr 2013 13:49:00 EDT

Lt. Governor Kim Guadagno joins Capital One Bank and New Brunswick-based The Intersect Fund to announce new, low-interest microloans for small businesses affected by Superstorm Sandy.

Hurricane Sandy NJ Relief Fund Announces $3.7 Million in Latest Grant Awards

Thu, 04 Apr 2013 10:47:00 EDT

With an overwhelming response from the non-profit community to its online application, the Hurricane Sandy New Jersey Relief Fund's Board of Directors recently voted to double its grant cycle allotment to $10 million. This week, the Grants Committee approved 15 grants totaling over $3.7 million.

Land O' Lakes Finds Billtrust eBilling Fertile Ground for Cost Savings, Better Customer Service

Thu, 04 Apr 2013 10:46:00 EDT

Every month, Land O'Lakes, the Minnesota agricultural co-operative, sends out hundreds of thousands of invoices to its customers. Printing and mailing all those paper statements is a major cost, one that the organization sought to reduce by taking advantage of modern Web-based billing service, Billtrust eBilling.

The Hampshire Companies Inks Deal for State-of-the-Art Flex Facility in Piscataway

Thu, 04 Apr 2013 10:41:00 EDT

Hampshire Companies, a full-service, private real estate investment firm, has signed a long term lease deal with a global technology leader for the Defense and Security and the Aerospace and Transport markets, for 61,224 square feet at a flex facility located at 140 Centennial Avenue in Piscataway.

Stevens Institute of Technology Forms Strategic Partnership with Langan Engineering &Environmental Services

Tue, 02 Apr 2013 11:37:00 EDT

Stevens Institute of Technology forms a partnership with Langan Engineering & Environmental Services to provide expertise related to flood mapping and deliver engineering solutions to help protect coastlines and urban areas threatened by sea level rise.

SBA and AARP Host Encore Entrepreneur Mentor Month in April with Events Around the Country

Tue, 02 Apr 2013 11:37:00 EDT

The U.S. Small Business Administration and AARP are teaming up to host National Encore Entrepreneur Mentor Month, targeted at entrepreneurs over the age of 50.

Hill International to Provide Project Oversight for NJ TRANSIT's Superstorm Sandy Recovery Efforts

Tue, 02 Apr 2013 11:38:00 EDT

Marlton-based Hill International, a leader in managing construction risk, receives task orders from New Jersey Transit Corporation (NJ TRANSIT) to provide project management oversight (PMO) services in connection with the state agency's Superstorm Sandy recovery efforts.

Governor Christie Signs Bill to Increase Transparency and Accountability of Taxpayer Dollars in Sandy Reconstruction Projects

Thu, 28 Mar 2013 11:07:00 EDT

Governor Chris Christie recently signed into law bipartisan legislation to provide integrity oversight monitors in the implementation of recovery and rebuilding projects.

Burlington Coat Factory to Break Ground on New Headquarters

Thu, 28 Mar 2013 11:01:00 EDT

Burlington Coat Factory plans to break ground on its new 215,100-square-foot corporate headquarters in Florence Township on April 5.

Kay Realty Arranges 495,000-Square-Foot Leasehold for Lam Cloud Management

Thu, 28 Mar 2013 10:59:00 EDT

Lam Cloud Management, LLC has begun the conversion of One Farr View Drive in Cranbury, formerly known as One Continental Drive, into a new breed of collaborative center for technological innovation.

Saint Michael's Medical Center to Open State-of-the-Art, Expanded Emergency Department

Tue, 26 Mar 2013 13:55:00 EDT

Saint Michael's Medical Center, Newark, will unveil a state-of-the-art emergency department Wednesday, March 27, that has the capacity to serve 60,000 annual visits from the greater Newark community. The $30 million emergency department provides the community with access to the latest healthcare amenities from its local hospital that provides more than $20 million in charity care each year.

Kuiken Brothers Selected For Highest Award Given By Paterson Habitat For Humanity

Tue, 26 Mar 2013 14:12:00 EDT

Fair Lawn-based Kuiken Brothers Company, a landmark supplier of residential and commercial building materials in Northern New Jersey, has been selected by Paterson (NJ) Habitat For Humanity to receive the organization's highest award.

NJBIA Applauds Decision to Uphold Common Sense Environmental Regulations

Tue, 26 Mar 2013 14:12:00 EDT

The New Jersey Department of Environmental Protection's (DEP) Waiver Rule was recently upheld.�This represents a significant victory for reasonable and balanced environmental regulation in New Jersey.

New Jersey Sets New Record with $40 Billion in Total Tourism Demand for 2012

Mon, 25 Mar 2013 16:30:00 EDT

The Christie Administration recently announced that the Garden State set a new record in 2012, generating nearly $40 billion in total tourism demand.

New Jersey Solar Market Hits 1 Gigawatt Milestone

Mon, 25 Mar 2013 16:31:00 EDT

The New Jersey solar market hit a new milestone recently when it eclipsed the 1 gigawatt (GW) mark for total installed solar electric capacity.

Eastern Consolidated Tapped to Sell Two Multifamily Buildings in Hudson County

Mon, 25 Mar 2013 16:32:00 EDT

In an opportunity to acquire two luxury rental buildings along Hudson County's "Gold Coast," Eastern Consolidated has been retained by a New Jersey-based owner/manager to sell the fully-occupied, upscale 36-unit Eden Residences at 6008 Hudson Avenue in West New York, and the 36-unit Residences at 68 West at 422-430 68th Street in neighboring Guttenberg. The total asking price is $22.5 million.

NFIB Research Foundation: Health Insurance Tax to Cost 146,000 to 262,000 Private-Sector Jobs

Tue, 19 Mar 2013 12:16:00 EDT

The National Federation of Independent Business Research Foundation releases an updated study showing the significant number of jobs that will be lost by the Health Insurance Tax (HIT) as a result of the Patient Protection and Affordable Care Act (PPACA).

New Jersey Employers Created 66,400 Jobs In 2012

Tue, 19 Mar 2013 12:14:00 EDT

New Jersey's total non-farm employment gains for 2012 were the highest in more than a decade and 2012 marked a third consecutive year of private sector employment gains for the state, according to revised figures from the U.S. Bureau of Labor Statistics (BLS).

Anthony R. Coscia Elected As Chairman, AMTRAK Board of Directors

Tue, 19 Mar 2013 12:18:00 EDT

The Amtrak Board of Directors elects Anthony R. Coscia to be its next chairman, to help guide the future of "America's Railroad" and carry out initiatives to increase ridership and improve operational and financial performance.

PRWeek Names Rutgers Senior, Kristina Amaral, PR Student of the Year

Thu, 14 Mar 2013 12:53:00 EDT

Rutgers University's Kristina Amaral's interactive U.S. Marine Corps campaign, "To the Marine-in-Me," took home top honors when PRWeek named her 2013 PR Student of the Year at their awards dinner last week in New York City. The PRWeek honor recognizes an undergraduate student who shows outstanding ability in a range of core PR skills.

ORBCOMM To Acquire MobileNet, Inc.

Thu, 14 Mar 2013 12:52:00 EDT

ORBCOMM Inc., Rochelle Park, a global satellite data communications company specializing in Machine-to-Machine (M2M) communications and solutions, enters into an agreement to acquire substantially all of the assets of MobileNet, Inc. (MobileNet), a leader of satellite and cellular-based telematics solutions for monitoring heavy equipment and assets that support the rail industry as well as being a long-time ORBCOMM value-added reseller.

NJPRO and Innovation NJ's 'Building Bridges II' Foster NJ 'Innovative Ecosystem'

Thu, 14 Mar 2013 12:58:00 EDT

Academia, industry and government need to take action that will make it easier for New Jersey businesses and institutions of higher education to collaborate to discover and commercialize innovative new products, processes and services, according to a new report by the New Jersey Policy Research Organization (NJPRO) Foundation and Innovation NJ.

Christie Administration Breaks Ground on $900 Million Direct Connection Project in Southern NJ

Tue, 12 Mar 2013 10:37:00 EDT

Lt. Governor Kim Guadagno was recently joined by New Jersey Department of Transportation (DOT) Commissioner James Simpson in Bellmawr to break ground on the $900 million federally funded Direct Connection project that will provide a seamless route for I-295 motorists traveling through the interchange of I-295, Route 42 and I-76 in Bellmawr, Mt. Ephraim and Gloucester City.

Funding Available to Businesses that Hire and Train Former Pharmaceutical Workers

Tue, 12 Mar 2013 10:57:00 EDT

Financial hiring incentives are now available to employers through the state Department of Labor and Workforce Development (LWD) if they hire and train former pharmaceutical industry employees, the Christie Administration recently announced.

Colliers International Arranges 198,000-Square-Foot Relocation for Ashland Inc.

Tue, 12 Mar 2013 10:10:00 EDT

Colliers International has arranged a long-term, 198,000-square-foot lease on behalf of Ashland, Inc. at 1041 Route 202-206 in the New Jersey Center of Excellence complex�in Bridgewater.

US Navy Decision to Award Lockheed Martin Aegis Contract Acknowledges New Jersey as National Leader in Science and Technology

Thu, 07 Mar 2013 10:38:00 EDT

Governor Chris Christie recently congratulated Lockheed Martin on winning the US Navy's Aegis Combat System Engineering Agent program contract. Lockheed Martin is the Navy's current manufacturer and provider of onboard ship radar systems, which are produced primarily at the company's Moorestown facility.

Realogy Named Among World's Most Ethical Companies for Second Consecutive Year

Thu, 07 Mar 2013 10:27:00 EDT

Realogy Holdings Corp., a global leader in real estate services, has been recognized among the 2013 World's Most Ethical Companies for the second consecutive year, a recognition that highlights companies that outperform industry peers when it comes to ethical behavior.

Orthogonal Space Time Codes, Decoding Data Transmissions Patents Awarded to NJIT

Thu, 07 Mar 2013 10:25:00 EDT

Two new patents to improve orthogonal space time codes and decode data transmissions of space time spreading were recently awarded to NJIT Distinguished Professor Yeheskel Bar-Ness executive director of the Elisha Yegal Bar-Ness Center for Wireless Communications and Signal Processing Research. Co-inventors with Bar-Ness on both patents were NJIT alums Amir Laufer and Kodzovi Acolatse.

The Newark Club Relaunches as Metropolitan Room

Tue, 05 Mar 2013 11:49:00 EDT

The grand relaunch of The Newark Club, an award-winning venue with breathtaking views of the New York skyline, is marking 20 years of service with a new name and website. Now known as Metropolitan Room, the venue is situated on the 22nd floor penthouse level of One Newark Center in the redeveloped "new Newark."

The Ashland Inc. to Remain in New Jersey

Tue, 05 Mar 2013 11:46:00 EDT

Ashland Inc. decides to keep Ashland Specialty Ingredients, a commercial unit of Ashland Inc. that develops and manufactures chemicals for consumer and commercial products, in New Jersey.

Argo Turboserve Expands at Cityview Corporate Center

Tue, 05 Mar 2013 11:18:00 EDT

ARGO Turboserve Corporation (ATC) has expanded its presence at Cityview Corporate Center in Lyndhurst by 15,000 square feet to a total of 35,000 square feet.

Honeywell to Purchase New Global Headquarters in Morris Plains

Thu, 28 Feb 2013 12:22:00 EDT

Technology and manufacturing company Honeywell signs a purchase agreement for a new global headquarters in Morris Plains. The company's decision is subject to approval of its application with the New Jersey Economic Development Authority for state incentives under the Grow N.J. Assistance Program.

Governor Christie Signs NJ Internet Gambling Bill

Thu, 28 Feb 2013 12:19:00 EDT

Governor Chris Christie recently signed a bill legalizing internet gambling in New Jersey. The bill will not take effect until the state Division of Gaming Enforcement sets a start date.

NJM Commemorates Centennial with "DNT TXT N DRV" Campaign

Thu, 28 Feb 2013 12:17:00 EDT

In honor of its 100th anniversary, the state's largest auto insurer, New Jersey Manufacturers Insurance Company (NJM), is dedicating its Centennial year to improving driver, passenger and pedestrian safety, starting with a "DNT TXT N DRV" (Don't Text and Drive) campaign.

NJ to Receive $714,000 for Anti-Pollution Programs

Tue, 26 Feb 2013 11:11:00 EDT

Reinforcing the Christie Administration's commitment to fighting aging western coal plants whose dirty emissions foul New Jersey air, Governor Chris Christie, Attorney General Jeffrey S. Chiesa, and Department of Environmental Protection (DEP) Commissioner Bob Martin announce a settlement that will result in cleaner air for New Jersey, plus the receipt of approximately $714,000 from a multi-state legal action against Ohio-based American Electric Power (AEP).

NJ Business Incubation Network Welcomes 15th Incubator to Its Network

Tue, 26 Feb 2013 11:12:00 EDT

The New Jersey Business Incubation Network (NJBIN) announces that JuiceTank in Somerset has joined the network. With this latest addition, NJBIN now has fifteen incubators in its network.

Garden State Quality of Life Index Stays High

Tue, 26 Feb 2013 11:12:00 EDT

In its regular tracking of residents' satisfaction with life in New Jersey, the Monmouth University Poll finds the current Garden State Quality of Life Index stands at +29.� This is down only slightly from the +30 score recorded in December and marks the third highest score in the more than two years Monmouth has been measuring this index.

Cross River Fiber Expands Its NJ Fiber Optic Footprint to Mahwah

Thu, 21 Feb 2013 11:38:00 EDT

Cross River Fiber, a Summit-based, boutique dark fiber optic and telecommunications solutions provider, completes its latest 40-plus mile fiber optic buildout in Northern New Jersey.

Rutgers Joins Coursera to Provide Access to Free Online Courses

Thu, 21 Feb 2013 11:29:00 EDT

Rutgers announces that the university is joining Coursera, a leading massive open online course platform, to provide free, non-credit courses to students and lifelong learners around the world.

Locus Energy Finds New Home in Hoboken

Thu, 21 Feb 2013 11:28:00 EDT

Locus Energy, which develops web-based performance and portfolio management software for renewable energy systems, recently moved from New York to temporary space in Hoboken while its new, permanent location in New Jersey is renovated following damage from Hurricane Sandy.

SBA Reports that 1st Quarter Dollar Volume in NJ is up 21 Percent

Tue, 19 Feb 2013 14:40:00 EDT

The US Small Business Administration (SBA) New Jersey district office reported that loan dollar volume to state small business owners is up 21 percent during the agency's first quarter fiscal 2013, the period from October 2012 through December 31, 2012.

Rutgers-Eagleton Poll: Sandy Not Spoiling Shore-Goers' Plans

Tue, 19 Feb 2013 14:39:00 EDT

More than three-quarters of regular Jersey shore visitors plan to go "down the shore" this summer as usual, despite the havoc wreaked by Superstorm Sandy, according to a Rutgers-Eagleton Poll.

Gov. Christie Outlines Path Forward to Best Maintain New Jersey's Excellent Healthcare

Tue, 19 Feb 2013 14:43:00 EDT

Continuing with his commitment to comply with the mandates of the Affordable Care Act in a manner that protects the best interests of New Jersey and New Jerseyans, Governor Christie gives formal notice to the federal Department of Health and Human Services (HHS) that New Jersey is opting to put in place a federally administered Exchange for Plan Year 2014, because it is the most responsible choice for the state.

New Jersey's Top Ten Beaches Survey Sets Aside Competitive Focus to Support Beach Tourism

Thu, 14 Feb 2013 11:21:00 EDT

Despite the devastating blows Sandy dealt many beach communities last fall, the New Jersey Sea Grant Consortium is coordinating a cooperative effort among regional tourism leaders that will put a non-competitive focus on its popular, annual New Jersey's Top Ten Beaches project to help promote Shore tourism for the summer of 2013.

Christie Administration Seeks Partner to Help Create Life Sciences/Healthcare IT Accelerator

Thu, 14 Feb 2013 11:20:00 EDT

The Christie Administration is looking to tap into the expertise of the private sector to bolster New Jersey's status as a leader in life sciences and healthcare technology. To help the industry's most promising entrepreneurs deliver products to market, the New Jersey Economic Development Authority announces that it will launch a Life Sciences/Healthcare IT Accelerator and secure a private partner to manage the effort.

Slow Economic Recovery Continues to Impact New Jersey's Office and Industrial Real Estate

Thu, 14 Feb 2013 11:18:00 EDT

New Jersey's office and industrial markets showed an uptick in activity in 2012's fourth quarter, and while it wasn't enough to completely offset a lackluster year in leasing and investment activity, particularly in the office sector, it did provide a potential prelude to a better 2013. However, both the 2012 performance and the prospects for 2013 continued to be tempered by an economy slow to rebound.

U.S. Manufacturing Technology Orders Have Best Year Since 1996

Tue, 12 Feb 2013 11:37:00 EDT

December U.S. manufacturing technology orders totaled $499.43 million according to AMT - The Association For Manufacturing Technology.

Cushman & Wakefield Arranges $83 Million Sale of B&N Distribution Center

Tue, 12 Feb 2013 12:09:00 EDT

Commercial real estate services firm Cushman & Wakefield, Inc. has orchestrated the $83 million sale of bookseller Barnes & Noble's primary distribution center, a class A industrial facility totaling 1,145,000 square feet in Monroe Twp.

Acting Governor Kim Guadagno Unveils 'Show Your Love for the Jersey Shore' Initiative

Tue, 12 Feb 2013 12:11:00 EDT

Acting Governor Kim Guadagno kicked off� "Show Your Love for the Jersey Shore," a public-private initiative designed to encourage the public to visit and support restaurants, hotels, local businesses and entertainment venues along the Jersey shore for Valentine's Day and beyond.

One Thousand Jobs Available at Newark Liberty Airport

Thu, 07 Feb 2013 10:27:00 EDT

The Christie Administration launches a joint effort with Swissport USA to hire 1,000 New Jersey residents for available positions with the aviation ground services company at Newark Liberty International Airport, as it opens a new cargo and baggage handling operation this spring.

$1.8 Billion in Federal Sandy Aid to Go Towards Rebuilding Homes and Small Businesses

Thu, 07 Feb 2013 10:15:00 EDT

Congressman Frank Pallone, Jr. (NJ-06) announces that New Jersey was allocated $1,829,520,000 in Community Development Block Grant Disaster Recovery funds for rebuilding homes and small businesses impacted by Superstorm Sandy.

Governor Christie Acts to Provide Quicker Resolution of Storm-Related Insurance Claims and Disputes

Thu, 07 Feb 2013 10:11:00 EDT

Governor Chris Christie and Administration officials from key departments recently held a Mobile Cabinet in Union Beach, where the Governor announced important measures to help storm-impacted residents resolve Sandy-related insurance disputes more quickly and efficiently.

Synergy HomeCare of Metro New Jersey Expands to Five Territories

Tue, 05 Feb 2013 11:17:00 EDT

Synergy HomeCare, Parsippany, one of the nation's leading home care providers, expands its Metro New Jersey operation from three territories to five. This expansion will create more than 20 new jobs in the area and provide needed services to the citizens of the New Jersey Gold Coast including Jersey City, Weehawken and Hoboken, among others.

The Opus Group Completes New Headquarters for Church & Dwight Co., Inc.

Tue, 05 Feb 2013 11:32:00 EDT

The Opus Group completes construction of a new 250,000-square-foot corporate headquarter campus for Church & Dwight Co., Inc., in Ewing Township, near Princeton.

Rutgers Receives $1.5 Million Gift for Chair in Adult Autism

Tue, 05 Feb 2013 11:33:00 EDT

Two families, longtime friends who between them have three sons on the autism spectrum, have made a $1.5 million gift to Rutgers University to endow a faculty position in adult autism, a field in which there is a critical shortage of trained professionals and support services.� Source: Carla Cantor, of Rutgers University

FEMA Approves Nearly $10 Million in Federal Funding for Public Assistance Projects Following Superstorm Sandy

Thu, 31 Jan 2013 11:33:00 EDT

The Christie Administration�recently announced that the Federal Emergency Management Agency (FEMA) has approved nearly $10 million in federal funding for several Public Assistance projects for Sandy cleanup costs in Marlboro and Belmar, as well as for personnel and equipment costs incurred by the New Jersey Office of Emergency Management (OEM).

Armada Health Care Forms New Specialty Pharmacy Association

Thu, 31 Jan 2013 11:32:00 EDT

Florham Park-based Armada Health Care recently announced the formation of the Specialty Pharmacy Association of America (SPAARx), a free-standing, national organization representing the professional and business interests of the specialty pharmacy industry.

SBA Hurricane Sandy Loan Approvals Surpass $1 Billion

Thu, 31 Jan 2013 11:25:00 EDT

Less than 90 days after Hurricane Sandy struck, the US Small Business Administration has approved more than $1.1 billion in disaster loans to 16,800 residents and businesses in the federally declared states affected by the storm.

Lakeland Bancorp to Acquire Somerset Hills Bancorp

Tue, 29 Jan 2013 11:21:00 EDT

The Boards of Directors of Lakeland Bancorp, Inc., the parent company of Lakeland Bank, and Somerset Hills Bancorp, the parent company of Somerset Hills Bank, announce that the companies have entered into a definitive Agreement and Plan of Merger, pursuant to which Somerset Hills Bancorp will be merged with and into Lakeland Bancorp, with Lakeland Bancorp as the surviving bank holding company.

NJBIA: Governor Christie Finds Reasonable Compromise on Minimum Wage

Tue, 29 Jan 2013 11:02:00 EDT

Governor Chris Christie's conditional veto of A-2162/S-3 represents a reasonable compromise that recognizes the difficulty of raising the minimum wage under current economic conditions, NJBIA Assistant Vice President Stefanie Riehl recently said.

SBA Launches Affordable Care Act Web Page and Blog

Tue, 29 Jan 2013 10:51:00 EDT

The US Small Business Administration (SBA) recently launched a new web page and blog dedicated to educating small business owners about the Affordable Care Act. The new tools will serve as a gateway for small business owners connecting them with information provided by SBA's federal partners responsible for implementing the law, including the US Department of Health and Human Services.

Regulations to Allow Residents and Businesses to Rebuild Faster, Stronger and Safer from Hurricane Sandy

Fri, 25 Jan 2013 11:45:00 EDT

Taking action to give New Jersey families, businesses and local governments the best available guidance to quickly and more durably rebuild from Hurricane Sandy, Governor Chris Christie recently signed emergency regulations to adopt the Federal Emergency Management Agency's updated Advisory Base Flood Elevation maps as the rebuilding standard for the entire state.

New Jersey-Based Activities and Events Planned Around Super Bowl XLVIII in 2014

Fri, 25 Jan 2013 11:41:00 EDT

Governor Chris Christie and the National Football League recently announced a series of activities and events that will call New Jersey home when the Super Bowl visits the region in 2014.

Biotrial to Build North American Headquarters in Newark

Fri, 25 Jan 2013 11:37:00 EDT

Biotrial S.A., a clinical research organization based in France that provides drug discovery and developmental services worldwide, recently purchased approximately 1.2 acres in University Heights Science Park (UHSP) on which it plans to build its North American headquarters.

Christie to announce rebuilding standards in Seaside Heights

Thu, 24 Jan 2013 16:38:00 EDT

Governor Christie will visit the Seaside Heights Fire Department tomorrow to lay out new standards for rebuilding in the aftermath of superstorm Sandy. Christie plans to hold a news conference at 3 p.m. He said on his monthly “Ask the Governor” radio show Wednesday night that he expected to release the state’s new rebuilding standards by the end of the week. Those standards, setting requirements for structures rebuilt after superstorm Sandy, are intended to give homeowners greater certainty when deciding whether or how to rebuild. New federal requirements will not be released for another 18 to 24 months, Christie said.

Source: NorthJersey.com

Christie Administration Launches New CHP/Fuel Cell Program

Wed, 23 Jan 2013 12:07:00 EDT

In support of the Christie Administration's commitment to a greener and more affordable use, management and development of energy in the state, the New Jersey Economic Development Authority (EDA) and the New Jersey Board of Public Utilities (BPU) launch the second iteration of the Large Scale Combined Heat and Power (CHP)/Fuel Cell Program.

Provident Bank Launches Mobile Banking Service

Wed, 23 Jan 2013 11:52:00 EDT

Provident Bank is offering a new way for its customers to bank with the launch of its free mobile banking service.

Billtrust Announces Merger With Best Practice Systems

Wed, 23 Jan 2013 12:07:00 EDT

Hamilton-based Billtrust, the leader in outsourced billing services in North America, announces a strategic merger with Englewood, Colorado-based Best Practice Systems, a provider of end-to-end billing solutions. Together, the two companies offer a comprehensive mix of billing services that span over two dozen industries across North America.

Bidding Opens for First Residential Offering at Fort Monmouth

Thu, 17 Jan 2013 10:44:00 EDT

The next chapter for Fort Monmouth, the recently decommissioned central New Jersey Army installation, commences with the offering of a 64-acre residential redevelopment parcel in Eatontown, open for proposals. Commercial real estate services firm Cushman & Wakefield, Inc., is spearheading marketing for the residential site, known as Howard Commons.

Venture Capital Growth Fund Strengthens Support for Emerging Technology Businesses

Thu, 17 Jan 2013 10:29:00 EDT

Emerging technology and life sciences companies that have attracted capital through strategic investments will now be eligible for assistance through the Edison Innovation Venture Capital Growth Fund.

Hibernia Atlantic Changes Name to Hibernia Networks

Thu, 17 Jan 2013 10:27:00 EDT

Hibernia Atlantic, a provider of global capacity services, changes its name to Hibernia Networks. The new name reflects the company's organic and strategic network growth, having evolved from a transatlantic centric provider of high bandwidth connectivity solutions to a provider of global solutions.

Hill International Selected as Project Manager for Secon Nile Towers in Cairo

Tue, 15 Jan 2013 13:41:00 EDT

Marlton-based Hill International, a company that manages construction risk, has been awarded a contract from the Saudi Egyptian Construction Company to provide project management services in connection with construction of the Secon Nile Towers. The three-year contract has an estimated value to Hill of approximately $1.5 million.

U.S. Manufacturing Technology Orders Up 4.8% From 2011

Tue, 15 Jan 2013 14:30:00 EDT

November U.S. manufacturing technology orders totaled $421.83 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 11.0% from October and down 8.5% when compared with the total of $460.86 million reported for November 2011. With a year-to-date total of $5,212.17 million, 2012 was up 4.8% compared with 2011.

Governor Christie Announces Sandy Job Initiatives

Tue, 15 Jan 2013 14:37:00 EDT

With the recovery and rebuilding process fully underway, Governor Chris Christie toured a restoration project in the storm-impacted community of Bradley Beach where workers hired through a National Emergency Grant (NEG) are on the job repairing the town's beachfront area. Bradley Beach is one of dozens of communities in 11 New Jersey counties that have put 428 unemployed people to work on storm clean-up using the $15.6 million grant obtained by the Christie Administration in the wake of Hurricane Sandy.

New Jersey Office Market to Struggle in 2013

Thu, 10 Jan 2013 11:33:00 EDT

The Northern and Central New Jersey office markets faced added adversity in the fourth quarter of 2012 as hurricane Sandy and "fiscal cliff" trepidation both made landfall. These recent challenges will likely hold leasing flat through at least the first half of 2013, according to the Fourth Quarter Northern and Central New Jersey office leasing market report from Colliers International New Jersey.

Mortgage Rates Rose, Fell as Economic Optimism Waxed, Waned in 2012

Thu, 10 Jan 2013 11:31:00 EDT

In historic terms, rates for 30-year and 15-year fixed-rate mortgages were at all-time lows last year. Even so, throughout the year, average rates for a 30-year fixed-rate mortgage fluctuated by more than .75 percentage points, and rates for a 15-year fixed rate mortgage fluctuated by more than .5 percentage points, according to�MortgageMarvel.com

NJBIA Says Christie's Commitment to Sandy Funding Will Encourage Businesses to Rebuild

Thu, 10 Jan 2013 11:29:00 EDT

Governor Chris Christie's forceful call for Superstorm Sandy relief funds and his steadfast commitment to rebuilding sends a clear signal to businesses devastated by the storm that they will get the assistance they need to reopen, NJBIA President Philip Kirschner recently said following the State of the State address.

CIT Arranges Solar Energy Financing

Tue, 08 Jan 2013 11:08:00 EDT

CIT Group Inc.�arranges a $24 million senior secured credit facility for a 12.3 megawatt solar photovoltaic energy installation at the Joint Military Base McGuire-Dix-Lakehurst in Burlington County, New Jersey.

Summit Medical Group and Horizon Announce Initiative to Deliver Better Care at Lower Costs

Tue, 08 Jan 2013 11:29:00 EDT

Horizon Blue Cross Blue Shield of New Jersey (Horizon BCBSNJ) and Summit Medical Group (SMG) announce a new population health program that focuses on improved, coordinated, and cost-efficient care.

The Return of Speculative Construction: IDI's Middlesex Center II

Tue, 08 Jan 2013 11:30:00 EDT

IDI, a leading full-service industrial real estate company, announces the construction of Middlesex Center 2, a 751,450 square foot inventory building located at Exit 8A of the New Jersey Turnpike.

$9 Billion Flood Insurance Legislation Promised to Sandy Victims

Thu, 03 Jan 2013 14:24:00 EDT

On Wednesday, Republican members of Congress from New York and New Jersey emerged from a meeting with House Speaker John Boehner (R-OH) and House Majority Leader Eric Cantor (R-VA) with an announcement that $9 billion of flood insurance would be provided to those affected by Superstom Sandy.

Resorts Casino Hotel Plans $60-Million Expansion and Renovation

Thu, 03 Jan 2013 14:24:00 EDT

Resorts Casino Hotel is planning to undergo $60 million worth of renovations and expansions in Atlantic City by the first half of 2013.

DermOne Acquires Atlantic Dermatology

Thu, 03 Jan 2013 14:23:00 EDT

Toms River-based dermatology services company DermOne closes on the acquisition of Atlantic Dermatology of Wilmington, NC.

SBA Extends Deadline for Hurricane Sandy Disaster Loan Applications in New Jersey

Thu, 27 Dec 2012 11:17:00 EDT

U.S. Small Business Administration Administrator Karen G. Mills has approved an extension of the deadline for Hurricane Sandy survivors in New Jersey to return their disaster home and business loan applications for physical damage to January 30, 2013.

HFF Closes Sale of Avalon at Aberdeen Station in Aberdeen

Thu, 27 Dec 2012 11:17:00 EDT

HFF closes the sale of Avalon at Aberdeen Station, a 290-unit, Class A multi-housing community in Aberdeen.

New Jersey Unemployment Rate Drops for the Third Straight Month

Thu, 27 Dec 2012 11:16:00 EDT

New Jersey's unemployment rate edged down by 0.1 percentage point in November to a seasonally adjusted 9.6 percent. The November drop represents the third consecutive monthly decline for the Garden State's rate.

FEMA Hurricane Sandy Disaster Relief Registration Extended

Thu, 20 Dec 2012 10:18:00 EDT

The Christie Administration announces that New Jersey residents affected by Hurricane Sandy now have until January 30, 2013 to register for disaster assistance through the Federal Emergency Management Agency.

Christie Administration Approves Six Large Scale Distributive Generation Projects

Thu, 20 Dec 2012 10:16:00 EDT

The New Jersey Board of Public Utilities (BPU) approves just over $11 million in funding to support six distributive generation projects that will reduce demand upon the electric grid by approximately 29 megawatts (MW).

Cushman & Wakefield Brokers Sale of 45,000-Square-Foot Secaucus Property

Thu, 20 Dec 2012 10:16:00 EDT

The free-standing, 45,000-square-foot LA Fitness Meadowlands building in Secaucus traded this week for $16.4 million, brokered by Cushman & Wakefield, Inc.'s Metropolitan Area Capital Markets Group. One Liberty Properties, Inc. purchased the asset at 485 Harmon Meadow Blvd. from Hartz Mountain Industries.

Stephen K. Burley Named Director of Rutgers University's Center for Integrative Proteomics Research

Tue, 18 Dec 2012 11:39:00 EDT

Stephen K. Burley, an internationally recognized physician and scientist, and an expert in structural biology, drug discovery, clinical medicine and oncology, will be the new director of Rutgers University's Center for Integrative Proteomics Research � the first major academic appointment that is a direct result of Rutgers� integration with the University of Medicine and Dentistry of New Jersey.

Governor Christie Announces Partnership to Help Assess Small Business Needs and Deliver Impactful Relief

Tue, 18 Dec 2012 11:17:00 EDT

During a visit to Sea Bright, Governor Chris Christie announced the implementation of a business impact assessment for small businesses affected by Hurricane Sandy.�

Montclair State University Names Dennis M. Bone Director of Mimi and Edwin Feliciano Center For Entrepreneurship at The School Of Business

Tue, 18 Dec 2012 11:40:00 EDT

Montclair State University appoints Dennis M. Bone, former president and CEO of Verizon New Jersey, as the inaugural director of its Feliciano Center for Entrepreneurship at the School of Business.

EDA Approves $100 Million to Grow New Jersey Business and Generate Jobs

Thu, 13 Dec 2012 11:54:00 EDT

The Board of the New Jersey Economic Development Authority (EDA) approves more than $100 million in assistance at its monthly meeting and agreed to extend and enhance the New Jersey Business Growth Fund to help more businesses access capital.

Christie Administration Unveils $26 Million for Three-Prong Recovery Plan

Thu, 13 Dec 2012 11:53:00 EDT

Governor Chris Christie unveils the release of $26 million to support three economic recovery initiatives designed to assist businesses and workers in the wake of Hurricane Sandy and to additionally invest in New Jersey's future growth.

UMDNJ-SHRP Launches Drug Safety & Pharmacovigilance Masters and Certificate Program

Thu, 13 Dec 2012 11:52:00 EDT

The University of Medicine and Dentistry of New Jersey-School of Health Related Professions (UMDNJ-SHRP) launches a new online Masters degree program in Clinical Trial Sciences-Drug Safety & Pharmacovigilance, the only such degree offered in New Jersey and one of just a few across the nation training professionals in this growing health field.

NJBIA Applauds Christie's Veto of the Health Insurance Exchange Bill

Tue, 11 Dec 2012 09:42:00 EDT

Governor Chris Christie was right to veto legislation creating a state-based health insurance exchange because it does not do enough to address the high cost of health insurance, New Jersey Business & Industry Association Vice President Christine Stearns recently said.

Joint Statements on President Obama's $60-Billion Sandy Funding Request

Tue, 11 Dec 2012 09:42:00 EDT

US Senators Frank R. Lautenberg (D-NJ), Charles E.Schumer (D-NY), Robert Menendez (D-NJ), and Kirsten Gillibrand (D-NY), as well as Governor Chris Christie and New York Governor Andrew M. Cuomo, make joint statements following the Administration's $60-billion disaster aid request.

NJ Wineries Shipping This Holiday Season

Tue, 11 Dec 2012 09:41:00 EDT

New Jersey Secretary of Agriculture Douglas H. Fisher recently visited Auburn Road Vineyards in Pilesgrove to showcase New Jersey wines that can now be mailed as gifts this holiday season directly from the winery.

CPA Poll Finds Tepid Economic Outlook

Thu, 06 Dec 2012 11:15:00 EDT

A new survey of CPAs commissioned by the New Jersey Society of Certified Public Accountants (NJSCPA) and the Pennsylvania Institute of Certified Public Accountants (PICPA) finds widespread pessimism among respondents when it comes to economic forecasts.

NJM Estimates Sandy-Related Claims Could Exceed $300 Million

Thu, 06 Dec 2012 10:52:00 EDT

With more than 52,000 Sandy-related claims filed to date, New Jersey Manufacturers Insurance Company (NJM) anticipates that payouts to policyholders who have suffered covered losses could exceed $300 million, four times what it paid as a result of Tropical Storm Irene.

Governor Christie Announces Lt. Governor Guadagno as Running Mate

Thu, 06 Dec 2012 10:51:00 EDT

Governor Chris Christie announces that Lt. Governor Kim Guadagno will join him seeking reelection in 2013.

PSEG Estimates the Utility's Cost of Superstorm Sandy Restoration

Tue, 04 Dec 2012 10:42:00 EDT

PSEG estimates that the cost associated with the restoration of PSE&G's distribution and transmission system following the impact of Superstorm Sandy and the subsequent Nor'easter as approximately $250-$300 million.

Gaia Real Estate & Harel Announce First Joint Sale of East Orange High Rise for $39.275 Million

Tue, 04 Dec 2012 10:51:00 EDT

Gaia Real Estate Company and Harel Insurance Investments & Financial Services Ltd. sold a 20-story high rise in East Orange for $39.275 million -- two years after both parties in a joint venture purchased the building for $30 million.

Cooper Carry Wins Hoboken Hotel Project

Tue, 04 Dec 2012 10:52:00 EDT

Cooper Carry, the internationally recognized design firm, has been awarded a 200-room, 140,000-square-foot hotel project located on the Hudson River in Hoboken. The project will include the reorganization and reconfiguration of aspects of the current Hoboken post office - located at River and First Streets - in order to accommodate the new hotel.

Former Executive Assistant Attorney General Marc Ferzan to Manage Hurricane Sandy Recovery

Thu, 29 Nov 2012 13:24:00 EDT

Governor Chris Christie tasks Marc Ferzan to manage Hurricane Sandy Recovery efforts within the Office of the Governor.�Mr. Ferzan will be responsible for directing the vital task of overseeing and coordinating Governor Christie's long-term recovery efforts for New Jersey in cooperation with all federal, state, local, private and non-governmental partners.

HINJ Member Companies Donate $11.1 Million for Hurricane Sandy Relief

Thu, 29 Nov 2012 13:23:00 EDT

Responding to the needs of people and communities throughout New Jersey and the region impacted by Hurricane Sandy, member companies of the HealthCare Institute of New Jersey (HINJ) have donated, to date, approximately $11.1 million in cash contributions and product donations.

NJBIA Pushes Federal Tax Incentives to Help Businesses Recover from Sandy

Thu, 29 Nov 2012 13:22:00 EDT

Several federal tax incentives that have helped businesses in other states rebuild following major natural disasters could help New Jersey businesses as they recover from Superstorm Sandy, NJBIA President Philip Kirschner recently said.

According to Research from NFIB and American Express U.S. Consumers Spent $5.5 Billion

Tue, 27 Nov 2012 11:14:00 EDT

According to the second installment of the Small Business Saturday Consumer Insights Survey, released by the National Federation of Independent Business (NFIB) and American Express, consumer awareness of Small Business Saturday jumped to 67 percent from 34 percent just two weeks ago. Of those aware, nearly half (47 percent) shopped on Small Business Saturday.

Isaac Heller, Founder of Heller Industrial Parks, Announces $1M Donation to Child Care Center

Tue, 27 Nov 2012 11:51:00 EDT

Isaac ("Ike" Heller) founder of Heller Industrial Parks, has announced that in January of 2013, he will donate one million dollars to the John Kenney Child Care Center, located in his Edison industrial park.

New Harrah's Convention Center to Be a Game Changer

Tue, 27 Nov 2012 11:55:00 EDT

Thinking big and seeking to appeal to untapped markets, Atlantic City is reaching high with game-changing projects and visions that look to spice up the resort. Caesar's Entertainment took a giant step towards broadening the city's appeal to the larger corporate meeting and special event market when the gaming company received approval from the Casino Reinvestment Development Authority (CRDA) for $45 million in financing for its planned 200,000-square-foot convention center at Harrah's.

Superstorm Sandy Affects Two-Thirds of Garden Staters, Rutgers-Eagleton Poll Finds

Tue, 20 Nov 2012 14:01:00 EDT

Two-thirds of New Jersey residents were affected when Superstorm Sandy wreaked havoc on the Garden State three weeks ago, according to a new Rutgers-Eagleton Poll. Only 35 percent report they were not touched by the storm, which caused massive damage throughout the state.

Rutgers University Boards Approve Integration with UMDNJ

Tue, 20 Nov 2012 14:01:00 EDT

Gov. Chris Christie's vision to transform higher education across New Jersey cleared a major hurdle yesterday, when Rutgers University's two governing boards approved the transfer to Rutgers of most of the schools, centers and institutes that make up the University of Medicine and Dentistry of New Jersey.

NJBIA 2013 Business Outlook Survey: NJ Business Confidence Climbs to Highest Levels of the Past Five Years

Tue, 20 Nov 2012 14:05:00 EDT

Sales, employment and profits at New Jersey businesses improved for a third consecutive year in 2012, reaching the highest levels of the past five years, and the business outlook calls for continued improvement in the year ahead, NJBIA said today in releasing the findings of its 2013 Business Outlook Survey.

Local Companies Contribute to Hurricane Sandy Relief Efforts

Thu, 15 Nov 2012 14:28:00 EDT

In the wake of Superstorm Sandy, local companies have been making contributions to support relief and recovery efforts for those in the Northeast that have been affected.

JPMorgan Chase Bank Remains Top SBA Lender

Thu, 15 Nov 2012 14:27:00 EDT

JPMorgan Chase Bank is recognized by the U.S. Small Business Administration's New Jersey district office for approving the most loans to New Jersey small business owners during the agency's fiscal year 2012.

NJ Unemployment Rate Dips to 9.7 Percent

Thu, 15 Nov 2012 14:22:00 EDT

New Jersey's unemployment rate moved lower for a second consecutive month in October, decreasing by 0.1 percentage point to 9.7 percent from September's rate of 9.8 percent.

R&D Council Selects Edison Patent Award Winners for 2012 and Celebrates 50th Anniversary Special Awards

Tue, 13 Nov 2012 15:47:00 EDT

Kicking off its 50th Anniversary celebration this year, the Research & Development Council of New Jersey is announces that more than 30 inventors and 13 New Jersey companies and universities will be awarded with the organization�s coveted Edison Patent Award.

Year-to-date U.S. Manufacturing Technology Orders Up 5.6 Percent Over 2011

Tue, 13 Nov 2012 12:52:00 EDT

September U.S. manufacturing technology orders totaled $667.47 million according to AMT-The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 40.7 percent from August and up 13.4 percent when compared with the total of $588.80 million reported for September 2011. With a year-to-date total of $4,282.11 million, 2012 is up 5.6 percent compared with 2011.

Christie Administration Announces Disaster Unemployment Assistance Application Deadline Extended to February

Tue, 13 Nov 2012 12:53:00 EDT

Governor Chris Christie and the U. S. Department of Homeland Security's Federal Emergency Management Agency (FEMA) recently announced that New Jersey residents in all 21 counties will have until February 4, 2013 to apply for coverage under the federal Disaster Unemployment Assistance program as a result of damages caused by Hurricane Sandy.

Cushman & Wakefield's Whitmer Receives NAIOP Developing Leader Award

Thu, 08 Nov 2012 09:29:00 EDT

NAIOP, the Commercial Real Estate Development Association, presented Cushman & Wakefield, Inc.'s Brian Whitmer, CCIM, of Denville, with its 2012 Developing Leaders Award.

Mack-Cali Sells Moorestown, Office Properties

Thu, 08 Nov 2012 09:30:00 EDT

Mack-Cali Realty Corporation sells Moorestown Corporate Center on Strawbridge Drive in Moorestown for approximately $19.9 million.

The Horizon Foundation for NJ Donates $1 Million to Assist Residents Affected by Hurricane Sandy

Thu, 08 Nov 2012 09:35:00 EDT

The Horizon Foundation for New Jersey will be making direct grants to the American Red Cross (North Jersey Chapter), the Salvation Army (New Jersey Division), the Community FoodBank of New Jersey and the Hurricane Sandy New Jersey Fund.

Disaster Assistance for Small Businesses Available through NJSBDCs

Tue, 06 Nov 2012 11:44:00 EDT

Executives of the 11-Center Small Business Development Centers (NJSBDC ) network indicated that their offices will begin collaborating with the U.S. Small Business Administration (SBA) and the New Jersey Business Action Center (BAC) � within the purview of Lt. Governor Kim Guadagno � beginning the week of November 5th.

Christie Announces Recovery Assistance Plan for Counties Impacted by Hurricane Sandy

Tue, 06 Nov 2012 11:44:00 EDT

The U.S. Department of Labor approved a $15.6 million National Emergency Grant to fund Governor Chris Christie�s plan to hire unemployed New Jersey residents to assist with Hurricane Sandy clean-up and recovery efforts in the Garden State.

All New Jersey Residents Eligible to Apply for Federal Aid

Tue, 06 Nov 2012 11:44:00 EDT

Residents of all 21 New Jersey counties are now eligible to apply for federal aid, including temporary housing,�federal grants, and low-interest loans to help cover�the�cost of�repairs to residences and personal property.

JCP&L Deploys Additional Line Crews For Hurricane Sandy

Mon, 29 Oct 2012 11:42:00 EDT

With Hurricane Sandy hitting the entire region, Jersey Central Power & Light's (JCP&L) 400 linemen and 1,200 additional line personnel from as far away as Florida, Indiana, Iowa, Michigan and Ohio will help restore customers who could be without power from seven to 10 days as a result of anticipated damage from the storm. Restoration work will begin as soon as the storm passes and it is safe for utility workers.

PSE&G Hurricane Sandy Storm Update

Mon, 29 Oct 2012 12:18:00 EDT

Outages: At this time, PSE&G is reporting about 4,000 customers without power in the early stages of Hurricane Sandy. The majority, about 3,000, are located in the utility's southern counties of Mercer, Burlington, Camden and Gloucester. The utility provides electric service to 2.2 million customers.

Port Authority Provides Update on Conditions of Transportation Facilities

Mon, 29 Oct 2012 11:37:00 EDT

Due to the impending landfall of Hurricane Sandy, the Port Authority of New York and New Jersey reports the following update on the conditions at its transportation facilities: Airports PATH Maritime Facilities Tunnels and Bridges Port Authority Bus Terminal

Internap Building Data Center in Secaucus

Thu, 25 Oct 2012 11:42:00 EDT

Underscoring the growing importance of the Northern NJ market for data centers, Internap Network Services Corporation, a provider of intelligent IT Infrastructure services, will open a new data center in Secaucus to address market demand for more premium data center capacity.

SBA Supports $605 Million in Loans to NJ Small Businesses

Thu, 25 Oct 2012 11:45:00 EDT

The U.S. Small Business Administration supported $605 million in loans to New Jersey small business owners during the agency's fiscal year 2012 (the period from Oct. 1, 2011 thru Sept. 30, 2012).

Hospitals Contribute $19.5 Billion to NJ Economy

Thu, 25 Oct 2012 11:46:00 EDT

New Jersey hospitals contributed $19.5 billion to the Garden State economy in 2011, reflecting strong growth of $900 million compared with 2010, according to the 2012 N.J. Hospitals Economic Impact Report released by the New Jersey Hospital Association.

Rowan's Rohrer College of Business Presents William G. Rohrer Business Leader of the Year Award to Gerald Shreiber

Tue, 23 Oct 2012 14:50:00 EDT

Rowan University�s William G. Rohrer College of Business recently presented its first-ever William G. Rohrer Business Leader of the Year Award to Gerald Shreiber, president and CEO of J&J Snack Foods Corp., Pennsauken.

Port Authority Approves High-Speed Taxiways at Newark Liberty

Tue, 23 Oct 2012 14:51:00 EDT

Port Authority commissioners authorize a $31.5 million rehabilitation of Taxiway P at Newark Liberty International Airport. The project will include the realignment of two high-speed taxiways that will create more than 200 jobs, save an average of nearly $10 million annually, and help aircraft maneuver to and from gates more quickly.

Lt. Governer Guadagno and Department Of Labor Kick-Off Manufacture NJ Week

Tue, 23 Oct 2012 15:07:00 EDT

Recognizing the dynamic contributions of the manufacturing industry to the Garden State economy, Lt. Governor Kim Guadagno and Department of Labor and Workforce Development officials launched the first-ever ManufactureNJ week.� This week, officials and manufacturing leaders spotlight this vital industry as a key source of employment and economic prosperity in New Jersey.

Mouzon Installed as President of NJ African American Bar Association

Thu, 18 Oct 2012 12:07:00 EDT

Fruqan Mouzon, a Director in the Business and Commercial Litigation Department of Gibbons P.C., is installed as the 50th President of the Garden State Bar Association, the African-American Bar Association of New Jersey.

Pennoni Associates Acquires Green Stone Engineering

Thu, 18 Oct 2012 12:10:00 EDT

Pennoni Associates, an engineering, design, and consulting firm with New Jersey offices in Vineland, Haddon Heights, and Edison, acquires Green Stone Engineering of Wilmington, Delaware.

SJP Residential Properties Developing The Modern in Fort Lee

Thu, 18 Oct 2012 13:04:00 EDT

Real estate development firm SJP Residential Properties is developing The Modern, a luxury residential development highlighted by two 47-story iconic glass towers that will rise in the center of Fort Lee.

New Jersey Small Businesses Rate Economy, Ethics in Government as Most Important Election Issues

Tue, 16 Oct 2012 13:37:00 EDT

The George Washington University and Thumbtack.com have released new data showing that New Jersey small businesses overwhelmingly rank the economy and jobs as the most important factor in choosing a president. Surprisingly, however, ethics, honesty and corruption in government rated as the second-most important issue for small businesses in New Jersey.

Advance Realty Holds Groundbreaking Ceremony for Panasonic Corporation of North America's Technology Center in Harrison

Tue, 16 Oct 2012 13:51:00 EDT

Mayor Raymond McDonough joined Advance Realty President and CEO Peter Cocoziello and Panasonic Controller and Vice President Mike Riccio on Oct. 9 for the official groundbreaking of the Panasonic Corporation of North America Technology Center.

Stockton Offers Certified Financial Planner Program; Can be Completed in Less Than a Year

Tue, 16 Oct 2012 13:42:00 EDT

The Richard Stockton College of New Jersey is offering a Certified Financial Planner Certificate program that allows students to earn their certificate in less than one year and enter this lucrative and in-demand field.

Economic Uncertainty Dampens U.S. Business Travel Growth

Thu, 11 Oct 2012 15:22:00 EDT

Economic turmoil in Europe, slower growth in China and U.S. unemployment are expected to curb business travel growth in the United States through the end of the year, according to the latest GBTA BTI(tm) Outlook - United States, a report from the Global Business Travel Association (GBTA) sponsored by Visa, Inc.

Christie Administration Expands Anti-Fraud Measures to Protect Unemployment Insurance Trust Fund

Thu, 11 Oct 2012 15:18:00 EDT

The Christie Administration recently launched a new initiative to stop fraudsters from depleting New Jersey's Unemployment Insurance Trust Fund, adding another layer of protection to anti-fraud programs that already have saved the fund $153 million within the past 18 months.

Atlantic Health System, Chilton Hospital Agree to Merge

Thu, 11 Oct 2012 15:36:00 EDT

Atlantic Health System and Chilton Hospital announce that the board of directors of both health care systems have agreed in principle to merge Chilton Hospital in Pompton Plains and affiliated Chilton Health Network sites with Morristown-based Atlantic Health System.

Garden State Quality of Life Drops Again

Tue, 09 Oct 2012 12:29:00 EDT

In its regular tracking of residents' satisfaction with life in New Jersey, the Monmouth University Poll finds the current Garden State Quality of Life Index at +24, which is the second straight drop off the prior high of +31 recorded in April 2012.� This marks a return to its level of a year ago, but is still higher than the initial +21 reading in December 2010.

Mack-Cali to Acquire Real Estate Development and Management Businesses of Roseland Partners

Tue, 09 Oct 2012 12:27:00 EDT

Mack-Cali Realty Corporation signs a definitive agreement to acquire the real estate development and management businesses of Roseland Partners, L.L.C., a premier multi-family residential community developer and operator in the Northeast, and Roseland's interests in six operating multi-family properties.

Year-to-Date U.S. Manufacturing Technology Orders Up 4.1% Over 2011

Tue, 09 Oct 2012 12:18:00 EDT

August U.S. manufacturing technology orders totaled $470.44 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 3.4% from July but down 4.7% when compared with the total of $493.60 million reported for August 2011. With a year-to-date total of $3,606.56 million, 2012 is up 4.1% compared with 2011.

Accupac Adds Plant, Doubles Capacity and Capabilities

Tue, 09 Oct 2012 11:41:00 EDT

Liquid contract manufacturer Accupac is doubling its capacity and expanding its capabilities through the addition of an existing facility in Lakewood.

Golf Rounds Played Increases Compared to 2011

Thu, 04 Oct 2012 11:36:00 EDT

According to PGA PerformanceTrak, in August 2012, golf rounds in New Jersey were up 17 percent compared to August 2011.

Lt. Governor Kim Guadagno Begins Month-Long Tour of NJ's Manufacturing Sector

Thu, 04 Oct 2012 11:21:00 EDT

Lt. Governor Kim Guadagno tours Parsippany-based Metem Corporation to kick off a month long tour of New Jersey's Manufacturing Sector.

Lt. Governor Kim Guadagno Announces Destination Marketing Organization Grants for Regional Tourism Promotion

Tue, 02 Oct 2012 14:47:00 EDT

Investing in the growth and future of the state's tourism industry, Lt. Governor Kim Guadagno announces 14 Destination Marketing Organization (DMO) grants totaling more than $1.3 million to expand tourism marketing opportunities in New Jersey.

New Head of BASF Unit Pharma Ingredients and Services

Tue, 02 Oct 2012 14:46:00 EDT

Yesterday, Scott Thomson assumed the role of Senior Vice President in charge of BASF's Pharma Ingredients & Services business unit. Simultaneously, the company is relocating the global headquarters of the Pharma Ingredients & Services business unit from Evionnaz, Switzerland, to Florham Park.

Christie Administration Announces $2.6 Million in Funding Available to Retrain Former Pharma Workers

Tue, 02 Oct 2012 14:46:00 EDT

The Christie Administration recently announced the availability of $2.6 million in grant funding to retrain and help find new employment for many individuals who have lost their jobs in the pharmaceutical industry since 2010.