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Christie Grappling With Bond Downgrades, Budget Shortfalls, Casino Closures

Credit: Governor’s Office/Tim Larsen For Gov. Chris Christie, who celebrated his 52nd birthday at a fund-raiser with Mitt Romney in East Brunswick yesterday, this has been a week to forget. Yesterday, Standard & Poor followed Fitch Ratings, Inc. in cutting New Jersey’s bond rating for the third time in Christie’s governorship. S&P cited not only the…

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Posted: September 11th, 2014 | Author: | Filed under: Chris Christie, Christie Administration, Economy | Tags: , , , , | 1 Comment »

Reeling from casino closures, Atlantic City boosters attempt to change resort’s sub-Vegas reputation

LAS VEGAS — As New Jersey Gov. Chris Christie and other lawmakers discuss the future of Atlantic City, the lure of this western city to people like Brian and Ruth Horvath is likely to be a big part of the conversation. The onetime New Jersey residents now live in Colorado, just 45 minutes by car from…

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Posted: September 10th, 2014 | Author: | Filed under: Atlantic City, Economy, New Jersey | Tags: , , | Comments Off on Reeling from casino closures, Atlantic City boosters attempt to change resort’s sub-Vegas reputation

Freddie Mac faulted by IG in $2 billion mortgage fraud loss

foreclosure

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Posted: August 26th, 2014 | Author: | Filed under: Economy | Tags: , , , , , , | 1 Comment »

Monmouth County seeking employers for September 19 job fair

Companies must register to participate; jobseekers do not

 

Spring Job Fair at Brookdale Community College, April 2014

Spring Job Fair at Brookdale Community College, April 2014

LINCROFT, NJ – Monmouth County will again offer employers and jobseekers the opportunity to connect at the Monmouth County Fall Job Fair scheduled for Friday, Sept. 19 at Brookdale Community College.

“Employers who have immediate job openings are invited to participate in Monmouth County’s Fall Job Fair,” said Freeholder Serena DiMaso, liaison to the Monmouth County Division of Workforce Development. “This will improve the probability that jobseekers will find employment by attending.”

The event is free for employers to reserve a table and for jobseekers to attend.

The 2014 Monmouth County Job Fair will be held from 10 a.m. to 1 p.m. Friday, Sept. 19 at the Collins Arena at Brookdale Community College, 765 Newman Springs Rd., Lincroft.

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Posted: August 5th, 2014 | Author: | Filed under: Brookdale Community College, Economy, Monmouth County, Monmouth County Board of Freeholders, Press Release | Tags: , , , , | Comments Off on Monmouth County seeking employers for September 19 job fair

More Regulations for NJ Businesses

By Joe Schilp

Joe Schilp

Joe Schilp

This past week, the New Jersey state Senate and Assembly both passed the “Opportunity to Compete Act,” which prohibits businesses with more than 14 employees from asking applicants to check a box to indicate whether they have been convicted of a crime.  Additionally, businesses would be prohibited from asking first-time interviewees if they’ve been convicted of a crime.

It has been reported that NJ Governor Chris Christie’s office worked with the legislators on the language of the bill; thus, Christie is expected to sign the bill into law.

New Jersey is already one of the least business-friendly states in the United States.  According to the Tax Foundation’s 2014 State Business Tax Climate Index, NJ was the 2nd least business-friendly state – based on over 100 criteria – and ranked at the bottom in income taxes, corporate taxes, sales tax and property tax.  And this ranking does not account for the Democrat-controlled legislature’s zeal to increase the “millionaire’s tax” that affects far more people making less than a million dollars a year than people making more than that.

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Posted: June 29th, 2014 | Author: | Filed under: Economy, NJ State Legislature, Opinion | Tags: , , , , | 6 Comments »

Approved NJ Senate bills call for agencies to buy American products

Approved NJ Senate bills call for agencies to buy American products (via NJ.com)

TRENTON — The New Jersey Senate today approved a package of bills that calls for state agencies and bi-state commissions, including the Port Authority of New York and New Jersey, to buy products made in America. If approved by the Assembly as well…

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Posted: June 12th, 2014 | Author: | Filed under: Economy, New Jersey, News, NJ State Legislature | Tags: , , , | 4 Comments »

$82 Million EDA Subsidy of 76ers Facility in Camden Spurs Debate On Tax Breaks

$82 Million EDA Subsidy of 76ers Facility in Camden Spurs Debate On Tax Breaks (via NJSpotlight)

It isn’t often that liberal New Jersey Policy Perspective and conservative Americans For Prosperity agree, but yesterday both ends of New Jersey’s political spectrum sharply criticized the state Economic Development Authority’s decision to grant…

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Posted: June 11th, 2014 | Author: | Filed under: Economy, EDA, News | Tags: , , , | 1 Comment »

Guadagno Visit to TechLaunch Sparks Small Business Week Enthusiasm

Guadagno Visit to TechLaunch Sparks Small Business Week Enthusiasm (via NJ Tech Weekly)

New Jersey Lt. Gov. Kim Guadagno visited the TechLaunch (Clifton) accelerator on May 6, 2014, bringing her own special brand of excitement and marketing know-how to the young companies participating in the 16-week boot camp program. She dropped by TechLaunch…

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Posted: May 19th, 2014 | Author: | Filed under: Christie Administration, Economy, Kim Guadagno | Tags: , , , , | Comments Off on Guadagno Visit to TechLaunch Sparks Small Business Week Enthusiasm

NJ budget suffers another setback with $600M hole in April

NJ budget suffers another setback with $600M hole in April (via NJ.com)

TRENTON — New Jersey’s budget will take a big hit in April to the tune of $600 million, state officials announced today, warning that one of the best months for tax collections has been seriously behind Gov. Chris Christie’s expectations. The…

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Posted: April 29th, 2014 | Author: | Filed under: Chris Christie, Economy, New Jersey State Budget | Tags: , , | 4 Comments »

Jobless rate rises in NJ as state lost 1,300 jobs in March

Jobless rate rises in NJ as state lost 1,300 jobs in March (via NJ.com)

Unemployment rose slightly in New Jersey last month as the state lost about 1,300 jobs, according to preliminary data from the U.S. Bureau of Labor Statistics. The private sector shed 700 jobs, according to the report, and the public sector lost 600…

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Posted: April 18th, 2014 | Author: | Filed under: Economy, New Jersey | Tags: , , | Comments Off on Jobless rate rises in NJ as state lost 1,300 jobs in March