Atlantic County school trains students to run food trucks – with a bonus
At Ideal Institute of Technology in Atlantic County, the career college is busy cooking up its latest social enterprise project. As part of the school’s First Step to Career program, young people between the ages of 16 and 24 are being given a chance to learn the ins and outs of running a food truck, […]
Atlantic City Aims High in 2023 Behind New Products, Experiences and Opportunities
Roughed out, edited and crafted into shape since 1854, the Atlantic City hospitality and tourism story is a compelling page-turner about meeting challenges, turning corners and moving forward. Rooted in tradition, trust and confidence, the fabled seaside city’s drive and determination has bound generations of vacationers and convention clients to the destination. Long-running loyalists include […]
Home sales drop for eighth consecutive month
The housing market is hitting another speed bump, adding to growing concerns about a potential crash. The latest monthly report from New Jersey Realtors shows existing home sales dropped nationwide for the eighth month in a row. According to the National Association of Realtors, that’s a 24% decline from the same time last year. Between […]
Black Friday kicks off big, but is inflation still a concern?
Industry leaders say the holiday season should provide a huge lift for businesses. While many spent Friday recovering from Thanksgiving feasts, others took their full bellies and wallets to the stores in hopes of early Black Friday deals. It’s a day known for long lines and intense shopping, but this year Black Friday comes with […]
Online gambling, near 45% of NJ gaming revenue, up for renewal
It has now been nearly 10 years since New Jersey approved internet gambling – and the way the law was written, the Legislature must renew it to keep it from disappearing less than a year from now. There is no chance of that happening. Internet-based casino games and online sports wagering have combined to account for nearly […]
NJBIA 64th Annual Business Outlook Survey Details Affordability, Inflation Challenges for NJ Businesses
While affordability was the talk in Trenton a year ago, New Jersey’s business community is clearly feeling left out of that conversation. In NJBIA’s 64th annual Business Outlook Survey, released today, a large majority (75%) said Gov. Phil Murphy and lawmakers have not done enough to address business affordability in the past 12 months – compared […]
LIGHT Comments on Third Quarter Report from the New Jersey DGE
Comments from Jane Bokunewicz, faculty director of the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism (LIGHT), Stockton University School of Business, on the third quarter of 2022 numbers released today by the state Division of Gaming Enforcement: Summer 2022 faced many headwinds from shortages in staffing and supplies to increased gas prices and […]
Poll Finds Higher Costs Taking Some Cheer Out of Holiday Spending and Travel
Galloway, N.J. — Inflation is making the holidays a bit less merry, as many in New Jersey are cutting back on gift-giving or seasonal travel, according to a Stockton University Poll released Monday. Two-thirds of New Jersey adults surveyed said inflation was impacting their holiday spending a great deal (39%) or somewhat (27%), and one […]
Poll: NJ Residents Oppose Casino Expansion, Full Smoking Ban
A poll of New Jersey voters conducted by Fairleigh Dickinson University (FDU) found that a majority of residents across all political affiliations oppose expanding casinos beyond New Jersey. The same poll found that few New Jersey residents support a total smoking ban in Atlantic City casinos, with the majority saying that limiting smoking, as is […]
Good numbers for NJ show few signs of economic trouble
Amid growing concerns about a potential recession, the latest economic reports for New Jersey show continued low unemployment, robust state revenue collections and other signs of strength. A long streak of consecutive months with private-sector job growth continued in October, and New Jersey’s unemployment rate remained well below where it was a year ago, according […]