News

N.J. Hall of Fame’s latest class includes Bowden, Kalafer, many others

The New Jersey Hall of Fame has announced its Class of 2019-20, and it includes some of the biggest names in the state’s business community. The Hall of Fame’s 12th annual induction ceremony will be held virtually Oct. 18. Among those who will be enshrined are PNC Bank executive Linda Bowden and Flemington Car and Truck Family of Brands founder Steve Kalafer. Others …

The Future of Commercial Real Estate in a COVID-19 World

There’s no doubt that COVID-19 will affect the future of commercial real estate in New Jersey, but the question is to what degree? For many of us, the days of commuting into midtown Manhattan or to a New Jersey suburban office park for work seem like a lifetime ago, but what does the digitalization of the workforce mean for companies …

COVID-19 Forcing Developers in New Brunswick, Elsewhere to Rethink Collaborative Spaces

NEW BRUNSWICK, NJ — The COVID-19 pandemic is reshaping the future of collaborative spaces, such as the massive one planned for downtown New Brunswick, the president of DEVCO said Tuesday. Chris Paladino said the virus that has resulted in almost 14,000 confirmed deaths in the Garden State will likely impact the design of projects such as The Hub, a mixed-use …

Baraka: West Ward Neighborhood Development Plan to partner with 6 minority developers

Newark Mayor Ras Baraka understands the importance of developing abandoned properties. However, he also understands the necessity of developing using faces that accurately reflect the community. “To be able to (develop) with local folks, black and brown developers, women developers … (they) are part of what we are trying to do in the city,” he said. Through the West Ward …

N.J. adds $15M to Small Business Emergency Grant program

EDA says money will enable it to distribute grants to more companies — filling more requests in oversubscribed program The state has added another $15 million of CARES Act funding to the Small Business Emergency Assistance Grant Program being administered by the Economic Development Authority, Gov. Phil Murphy announced Tuesday. The funding will be added to phase 2 of the program …

RUCDR Infinite Biologics to Provide 30,000 Rapid Response COVID-19 Tests Per Day

At what was his 100th COVID-19 press briefing, Gov. Phil Murphy today announced that RUCDR Infinite Biologics, a unit of Rutgers’ Human Genetics Institute of New Jersey, will provide 30,000 rapid-response saliva-based coronavirus tests per day. “Having these tests means we now have 30,000 tests a day that come with a 48-hour turnaround. As test turnaround has lagged nationally given …

NJEDA Has Assisted More than 10K Small Businesses Impacted by COVID-19

The New Jersey Economic Development Authority (NJEDA) today announced that the Authority’s COVID-19 response efforts have supported more than 10,000 businesses since March 2020. In total, the Authority has provided more than $44.2 million in support to 10,624 businesses through grants, low-cost loans, and partnerships with investors and Community Development Financial Institutions (CDFIs). “These programs have provided a vital lifeline …

N.J. American Water’s Norton to pitch program that will speed up infrastructure projects — and bring thousands of jobs

Utility president to tell Assembly committee that START program — which would require a rate hike — would help bring $150M in capital investment There’s an $18 million upgrade to the Canal Road ozone system in Somerset County, an $8 million upgrade to the Canoe Brook Passaic River Intake Facility in Essex County and a $12 million upgrade to the …

3 N.J. companies land on 50 Fastest Growing Women-Owned Businesses list

Three New Jersey-based companies have been named to the 50 Fastest Growing Women-Owned/Led Businesses list by the Women Presidents’ Organization in collaboration with American Express. The companies on this years’ list span industries including heath care, technology and consulting. In 2019, the 50 Fastest generated a combined $3.8 billion in revenue and employed more than 17,000. Here are the companies …

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