Businesses large and small pay nearly half of all local property taxes collected in New Jersey, where the state education funding formula is often criticized for relying too heavily on local property taxes to run public schools. This significant outlay of funds is an investment in a K-12 system which is part of the economic […] The post Getting to the Square Root of School Funding appeared first on New Jersey Business Magazine ..read more

As part of Choose New Jersey’s  Governor-led economic mission to Canada, the organization facilitated a sister state Memorandum of Understanding (MOU) between the State of New Jersey and the Province of Ontario. The MOU is a renewed commitment between New Jersey and Ontario, built upon a 2005 MOU signed in Princeton. The agreement focuses on […] The post NJ Sister State MOU Signed with Province of Ontario appeared first on New Jersey Business Magazine ..read more

New Jersey’s plan for $263.7 million in funding from the federal Broadband Equity, Access, and Deployment (BEAD) Program has been approved by the National Telecommunications and Information Administration (NTIA). This approval enables New Jersey to request access to funding and begin implementation of the BEAD program — marking a significant step in the state’s efforts […] The post NJ’s ‘Internet for All’ Proposal Approved appeared first on New Jersey Business Magazine ..read more

Nearly 60 years ago, the movie The Graduate gave us one word of advice: “Plastics.” We were told there was a great future in plastics, and indeed there still is. Plastics have revolutionized society. The tubing, devices, and instruments in hospitals are predominantly made from plastic. Plastics have made our cars more fuel efficient. Our […] The post The War on Plastics appeared first on New Jersey Business Magazine ..read more

Acting Governor Nicholas Scutari yesterday signed S2822/A3986, which raises the attorney fee cap in workers’ compensation cases from 20% to 25%, amending existing statute R.S.34:15-64. The New Jersey Business and Industry Association opposed the bill because it would raise workers’ compensation cost for employers, including small businesses, and chip away at awards for injured workers. A press […] The post Workers’ Comp Contingency Attorney Fee Cap Increases to 25% appeared first on New Jersey Business Magazine ..read more

Gov. Phil Murphy today named his former chief of staff, George Helmy, to temporarily fill the US Senate seat being vacated by Senator Bob Menendez, who will resign on Aug. 20 after being found guilty last month of several federal corruption charges. Helmy will serve as one of New Jersey’s two US Senators until the […] The post Helmy Selected Interim US Senator appeared first on New Jersey Business Magazine ..read more

Acting Governor Tahesha Way today signed legislation that imposes civil penalties on any employers who disclose or threaten to disclose an employee’s immigration status in order to cover up their own labor violations.    State employment laws provide broad protections for employees regardless of their immigration status. However, an employee may be reluctant to report employer […] The post Legislation Broadens Protections for Immigrant Workers appeared first on New Jersey Business Magazine ..read more

As employers, we are committed to providing safe workplaces free from hazards, including extreme heat. During summer, businesses utilize proven safety methods and modern technologies to recognize signs of heat stress and adapt operations when necessary. Unfortunately, a bill introduced in the Legislature (S-2422/A-3521) mandating expedited state rulemaking on heat in indoor and outdoor workplaces, […] The post Beating the Heat Without Beating Up Business appeared first on New Jersey Business Magazine ..read more

Gov. Phil Murphy last month signed a $1 billion corporate tax increase as part of the FY25 budget, and as bad as that is, it could have been worse. Originally, the governor proposed a permanent 2.5 percentage point increase added to the 9% tax rate on net corporate income over $10 million. NJBIA managed to […] The post New Tax Adds to NJ’s Anti-Business Reputation appeared first on New Jersey Business Magazine ..read more

Multiple sources are reporting that Sen. Bob Menendez will resign his Senate seat effective Aug. 20. The decision comes after he was convicted last week in a federal bribery case, in which the three-term senator was found guilty of all 16 charges brought against him. Top Democrats including Gov. Phil Murphy and Senate Majority Leader […] The post Menendez to Resign Next Month appeared first on New Jersey Business Magazine ..read more