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Governor Murphy & Treasurer Muoio Praise Kroll’s Decision to Upgrade New Jersey’s Credit Outlook to Positive

All Four Rating Agencies Have Now Upgraded New Jersey’s Outlook Following Responsible Budget Actions Governor Phil Murphy and State Treasurer Elizabeth Maher Muoio praised the decision by Kroll Bond Rating Agency to upgrade the outlook for New Jersey’s general obligation bonds from stable to positive. In a report issued yesterday, [...]

2022-01-23T16:02:26-05:00Categories: All, Newsletter|

Cybersecurity Tips

Cybersecurity Tips Courtesy of the SBA Over the past year, cyber incidents have impacted many companies, non-profits, and other organizations, large and small, across multiple sectors of the economy. Most recently, public and private entities in Ukraine have suffered a series of malicious cyber incidents, including website defacement and private [...]

2022-01-23T16:05:17-05:00Categories: All, Newsletter|

NJDOL – New Jersey Records 12th Consecutive Month of Employment Gains

Total nonfarm wage and salary employment increased in New Jersey in December by 10,100 jobs, to reach a seasonally adjusted level of 4,073,600, according to preliminary estimates by the U.S. Bureau of Labor Statistics. The state’s unemployment rate fell by 0.4 percentage points, to 6.3 percent, for the month. The [...]

2022-01-23T16:09:35-05:00Categories: All, Newsletter|

NJEDA – Now Accepting Applications For Aspire Tax Credit Program

  The New Jersey Economic Development Authority (NJEDA) began accepting applications today for the Aspire program, a place-based economic development program created under the New Jersey Economic Recovery Act of 2020 (ERA). The Aspire program supports mixed-use, transit-oriented development by providing tax credits to commercial and residential real estate development projects [...]

2022-01-23T16:11:52-05:00Categories: All, Newsletter|

Governor Murphy Signs Legislation Bolstering The New Jersey Film & Digital Media Tax Credit Program

TRENTON – Governor Phil Murphy today signed legislation (S-4094/A-6070) which bolsters the New Jersey Film & Digital Media Tax Credit Program through expanded digital media production tax credits and other improvements. The program, which was first signed into law by Governor Murphy in July 2018, and first expanded in January 2020, [...]

2022-01-17T06:27:21-05:00Categories: All, Newsletter|

Governor Murphy Reinstates Public Health Emergency to Respond to Omicron Variant of COVID-19

TRENTON – Governor Phil Murphy today reinstated a Public Health Emergency, effective immediately, in order to ensure that the State is able to respond to the continued threat of COVID-19 and the rapidly spreading Omicron variant. Executive Order No. 280 declares a Public Health Emergency and restates the existing State of [...]

2022-01-17T06:24:10-05:00Categories: All, Newsletter|

CSIT Announces $1.5 Million Round 2 of its Clean Tech Seed Grant Pilot Program

Latest Funding Round Will Make up to $75,000 Available to Companies Furthering Clean Tech R&D in NJ TRENTON, N.J. (January 10, 2022) – The New Jersey Commission on Science, Innovation and Technology (CSIT) today announced that it will launch a $1.5 million Round 2 of its Clean Tech Seed Grant Pilot Program later this month. [...]

2022-01-17T06:27:40-05:00Categories: All, Newsletter|

Uber, Visa & LISC Announce Grants For Growth Program, Providing $1M in Support to Small Businesses

LISC is a partner in Grants for Growth, a new $1 million grant program announced by Uber and Visa. Grants for Growth will provide $10,000 grants to 100 restaurants in 10 U.S. cities that are currently active on Uber Eats. LISC will administer the grant program, which will bring much [...]

2022-01-17T06:21:51-05:00Categories: All, Newsletter|

Improved NJEDA Processes Result in $350 Million Savings for NJ Taxpayers

  NJEDA - Enhanced Oversight and Improved Processes Ensure Tax Credits Deliver Benefits to Taxpayers The New Jersey Economic Development Authority (NJEDA) announced today that it has cut awards approved under the Grow New Jersey (Grow NJ) Program by $350 million under Governor Phil Murphy’s leadership. Through increased oversight and more stringent [...]

2022-01-09T15:02:09-05:00Categories: All, Newsletter|

New Jersey’s Minimum Wage to Increase to $13/Hour for Most Employees on Jan. 1

  New Jersey’s statewide minimum wage will increase by $1 to $13 per hour for most employees, effective January 1, 2022. The increase is part of legislation signed by Governor Murphy in February 2019 that gradually raises the minimum wage to $15 per hour by 2024 for most employees. When Governor [...]

2022-01-09T15:02:33-05:00Categories: All, Newsletter|
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