Atlantic City Electric Powering the Future Proposal to Advance Clean Energy Interconnection, Boost Grid Resiliency and Enhance Reliability for Customers
Atlantic City Electric has proposed Powering the Future, a portfolio of projects to expand on the company’s support of New Jersey’s clean energy and climate goals while furthering its commitment to delivering safe and reliable service for its customers and communities. In its proposal, filed with the New Jersey Board of Public Utilities (BPU), the […]
Save the Date: N.J. Chamber’s Atlantic City business summit & expo to return
The New Jersey Chamber of Commerce announced Thursday it will host another two-day summit & expo, March 14-15 at Harrah’s Resort in Atlantic City. Last spring, the chamber gathered more than 650 business executives for a summit that produced recommendations to state leaders about New Jersey’s most pressing business and economic issues. This year’s event will discuss the actions […]
Workers, Employers will Pay Less in Temporary Disability, Family Leave Contributions in 2023, NJDOL Announces
The New Jersey Department of Labor and Workforce Development today announced a reduction in worker and employer contribution rates to the state’s Temporary Disability Insurance and Family Leave Insurance programs for next year. Workers will see their contribution rates for Temporary Disability drop to zero percent, from .14 percent, while the Family Leave rate will […]
Rising seas projected to exact heavy toll on NJ’s tax base
An estimated $6.3 billion-plus worth of tax-ratable property could be underwater by 2050 Hurricane Ian stunned Floridians with its destructive force. But its display of the ocean’s power to obliterate neighborhoods like Sanibel Island in a single storm distracts many people from another, more widespread threat — the inexorable power of rapidly rising sea levels. A […]
With anniversary of groundbreaking near, ShopRite insists plans for Atlantic City store progressing
If a plan falls apart and no one is willing to talk about it, does it make a sound? It’s been nearly 11 months since Gov. Phil Murphy and other state and local officials broke ground on a new supermarket for the community on Baltic Avenue, near Tanger Outlets The Walk and the Atlantic […]
NJEDA approves $10M in grant funding to reactivate, revitalize Atlantic City and Newark’s commercial corridors
The New Jersey Economic Development Authority board will support the creation of the Activation, Revitalization, and Transformation Program with $10 million to create two programs, one for Real Estate Rehabilitation and Development projects and one for Public Space Activation initiatives, which will help to reactivate and revitalize Atlantic City and Newark’s commercial corridors in the […]
Esports gaining foothold in Atlantic City as lab unveiled
The fast-growing esports industry has a future here that could bolster the city’s casinos, as well as create jobs and educational opportunities, a speaker said during a forum Tuesday. Esports and its competitive videos games are a good fit here, keynote speaker Tim Sullivan, chief executive officer of the N.J. Economic Development Authority, told […]
Survey: Nearly 75% of businesses affected by labor shortage
Iselin-based Provident Bank is out with the results of its 2022 National Labor/Staffing Shortage Survey, which comes at a critical time as businesses face a number of challenges, especially on the hiring front. The findings, released Oct. 20, reflect feedback from 1,000 hiring managers and department heads, small business owners, recruitment and talent acquisition specialists, and […]
New cannabis businesses, new apartment approved in Atlantic City
The Casino Reinvestment Development Authority supported two planned cannabis businesses in the city on Tuesday, part of a growing number in the works for the resort. Members also approved new apartments at a former rooming house, one officials described as a notorious problem property. The board approved use variances for a dispensary and consumption lounge […]
NJEDA Board Approves Removal of Collateral Requirement from Main Street Micro Business Loan
The New Jersey Economic Development Authority (NJEDA) Board today approved a revision to the Main Street Micro Business Loan, removing the requirement for personal guarantees from owners of micro businesses. The Main Street Micro Business Loan, which succeeds the Micro Business Loan Program established by the NJEDA in 2019, is offered as part of the Main Street Recovery Fund—a $150 million suite […]