The New Jersey Treasury Department is out with its 2023 Debt Report, showing the state’s bonded debt is at its lowest level in a decade. The annual report is available here. It was delivered this week to the New Jersey Commission on Capital Budgeting and Planning. “The following is an annual report on the debt of the State of New Jersey and the obligation of its various bond-issuing authorities for which the state, by contract or other means, provides payments that secure the debt service on such obligations,” the introduction states. “The Office of Public Finance (OPF) in the Department of t ..read more

As part of a $7 billion tranche through its Solar for All program, the U.S. Environmental Protection Agency this week awarded the New Jersey Board of Public Utilities (NJBPU) $156.1 million in grant funding. The program is part of the $27 billion Greenhouse Gas Reduction Fund, created under the Inflation Reduction Act. The funding award will be leveraged to develop long-lasting solar programs that enable low-income and disadvantaged communities to benefit from solar power. Through NJBPU, the state designed a program called New Jersey Solar for All. It aims to tackle major barriers that have p ..read more

After filing for Chapter 11 bankruptcy protection, fashion retailer Express Inc. is closing the majority of its stores, including seven in New Jersey. In an April 22 announcement, the Columbus, Ohio-based company said it plans to shutter more than 100 locations. In addition to Express stores, the retailer’s banners also include Express factory outlets, Bonobos and UpWest stores. The move affects at least 95 of the company’s 530 namesake stores in the U.S. and Puerto Rico, including full-price and factory outlets, as well as all 12 UpWest. Within New Jersey, the following Express stores will c ..read more

Changes are underway at New Jersey Performing Arts Center, as construction starts on the outdoor space in front of the Newark theater complex. On Monday, NJPAC announced work began April 17 to redesign Chambers Plaza. The milestone marks the first efforts toward the venue’s $336 million redevelopment to overhaul the 12-acre campus. The 580,000-square-foot project aims to connect NJPAC with the larger Newark community as well as provide access to a new riverfront park. In February, the New Jersey Economic Development Authority approved $200 million in Aspire tax credits for the work. The award ..read more

Wakefern Food Corp. will host a hiring fair to fill open positions at several of its supermarket banners across the Northeast. During the event, which is set for April 27 from 11 a.m. to 2 p.m., job seekers can visit most participating ShopRite, Price Rite Marketplace, The Fresh Grocer, Gourmet Garage or Fairway Market stores for an on-the-spot interview. In an April 17 press release announcing the initiative, the Keasbey-based retailer-owned grocery cooperative said full-time, part-time and management positions are available, depending on location. Openings – which include jobs in general, p ..read more

Officials gathered Monday morning at Newark Liberty International Airport to celebrate two prestigious honors recently bestowed upon the new Terminal A. As NJBIZ reported, Terminal A last month received a five-star rating by Skytrax, the preeminent aviation industry ratings firm. Just last week, at the 2024 Skytrax World Airport Awards in Frankfurt, Germany, the project was also honored as the world’s best new airport terminal. “We had a plan. We had a plan that we were going to redo this airport – with the vision, the Port Authority vision,” said Port Authority of New York and New Jerse ..read more

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