The state has approved a nearly $40 million tax credit package tied a proposal for LabCorp to modernize and expand its regional headquarters and lab complex in Raritan Borough, while also approving a $29 million incentive to encourage Konica Minolta Business Solutions to expand its existing headquarters in Ramsey.
A global financial technology firm has opened the doors to its new 160,000-square-foot office in downtown Newark, now home to a divisional headquarters and some 1,100 of its employees.
Mars Wrigley and Ralph Lauren Corp. have applied for nearly $65 million in combined tax credits in connection with potential moves to Newark and Nutley, respectively, as the state Economic Development Authority prepares to consider the applications on Tuesday.
As our next governor focuses on making our state more affordable for both businesses and residents, it would make sense to ramp up efforts to cut red tape by eliminating ineffective rules and empowering qualified private-sector professionals to handle more administrative work, technical reviews and project approvals.
The two-year-old nonprofit aimed at shepherding economic development in Trenton has bolstered its team with the hiring of a vice president of marketing and communications.
A developer has opened a new affordably priced, senior housing community in Monmouth County at the site of a complex that was damaged so badly by Hurricane Sandy that it had to be demolished.
Our next governor and new Legislature best be laser-focused on two immediate priorities: investing and deploying critical resources into our transportation system and stimulating permanent property tax reductions through shared services and municipal consolidations.
Several other cities in New Jersey have filed their bids to become the home of Amazon’s second headquarters, despite the state throwing its official support behind Newark earlier this week.
In a sign of strength for the state’s multifamily sector, some three dozen state lawmakers turned out this week for an annual reception hosted by the New Jersey Apartment Association.