New Jersey’s six Democratic gubernatorial candidates debated each other at Rider University last night touching upon how the state must tackle its affordability problems while coping with pension obligations, reining in escalating budgets, fixing NJ TRANSIT, and dealing with possible difficulties in obtaining federal dollars in the new Trump administration. The primary debate, sponsored by […] The post Democratic Gubernatorial Candidates Square Off in Primary Debate appeared first on New Jersey Business Magazine ..read more

U.S. Immigrations and Customs Enforcement (ICE) carried out a federal raid on Newark fish wholesaler Ocean Seafood Depot yesterday. According to reports, eight individuals were questioned. Four women allegedly showed identification, had their fingerprints taken, and were given slips to appear in court next month. Three men allegedly had no documentation and were detained – […] The post Newark Fish Market Raided by ICE appeared first on New Jersey Business Magazine ..read more

New Jersey GOP leaders reacted to Gov. Phil Murphy’s penultimate State of the State address yesterday, warning that the governor painted a rosy picture despite the ongoing affordability issues plaguing the state. “In the last seven years, this state has gotten more and more unaffordable,” said Senate Republican Leader Anthony M. Bucco (R-25). “In my […] The post GOP Leaders Say Governor Must Focus on Affordability appeared first on New Jersey Business Magazine ..read more

Governor Murphy’s 2025 State of the State Address as Prepared for Delivery Lieutenant Governor Way. Senate President Scutari. Assembly Speaker Coughlin. Majority Leaders Ruiz and Greenwald. Minority Leaders Bucco and DiMaio. Members of the 221st Legislature, with special thanks to the bipartisan escort committee that walked me into this chamber. Chief Justice Rabner, Associate Justices […] The post Governor Murphy’s 2025 State of the State Address as Prepared for Delivery appeared first on New Jersey Business Magazine ..read more

Gov. Phil Murphy and the Legislature delivered a stinging blow to the business community over the summer by enacting a retroactive increase in the Corporation Business Tax, requiring New Jersey’s largest companies to pay the highest corporate tax (11.5%) in the nation. We were told the $1 billion corporate tax hike was needed to bail […] The post Report to Members: Time for a Reset appeared first on New Jersey Business Magazine ..read more

Foreign workers are critical to the health and growth of US businesses, particularly in New Jersey’s concentrated market of pharmaceutical, engineering, technology, and other innovative industries. In 2024, there were roughly 5,000 New Jersey companies sponsoring H-1B visas, which are nonimmigrant visas allowing foreign workers to fill specialty occupations in the US for up to […] The post The Need for H-1B Visa Workers appeared first on New Jersey Business Magazine ..read more

As of October 2024, the most recent data available at this writing, New Jersey has the sixth highest unemployment rate in the nation (4.7%). To be clear, 4.7% unemployment is lower than any month recorded in the aftermath of the financial crisis from April 2008 until the end of 2016. However, aside from a brief […] The post Focus NJ: A Closer Look at NJ Unemployment appeared first on New Jersey Business Magazine ..read more

We usher in 2025 with a new US President and Congress taking office later this month, and before the year ends, New Jersey will be electing a new Governor and General Assembly. Clearly, 2025 will be a year of political transition and, as with all new beginnings, this also presents new opportunities. The challenge will […] The post Report to Members: New Beginnings and the Work Ahead appeared first on New Jersey Business Magazine ..read more

The Biden-Harris administration announced a series of measures to address homelessness across the country, including updating regulations that streamline the repurposing of surplus federal properties for affordable housing and homelessness services, making resources available to a select number of states under the second cohort of the Housing and Services Partnership Accelerator with the Department of […] The post Federal Government Announces Efforts to Reduce Homelessness appeared first on New Jersey Business Magazine ..read more

The State Planning Commission has approved publication of the Preliminary Draft Plan of the State Development and Redevelopment Plan, marking the first time the plan has been updated since 2001.   Used as a guide to inform the public and encourage state agencies, counties, and municipalities to align their land use policies with its vision, the plan […] The post Preliminary Draft of the State Development and Redevelopment Plan Released appeared first on New Jersey Business Magazine ..read more