Business & Finance

BORDENTOWN TOWNSHIP, NJ – The Bordentown Township Committee heard a proposal by local developer Kevin Johnson to build a Town Center on Route 130 during its meeting on Monday night—but did not render a decision on the project.

Johnson, the owner and developer of Team85 Fitness and Wellness, is also the owner and developer of Team Campus Phase II, LLC, which owns the commercial ...

TRENTON, NJ -- Senator Troy Singleton (D-Burlington) is pushing forward with legislation to help protect small businesses from additional taxes on their federal PPP loans.  The bill that would ensure forgiven loans are not subject to the New Jersey gross income tax was unanimously passed by the Senate Budget and Appropriations Committee on Thursday.

“Our small businesses ...

ROBBINSVILLE, NJ -- With a camera in almost everyone's hands, photos can be snapped at any moment to capture memories. Being part of the generation that has grown up with social media, graduate business school students Ashwin Reddy and Sri Nalla created Loop Light to brighten them up.

Reddy, 22, of Robbinsville, and Nalla, 21, who lives in Colorado, met as students at the Kelley ...

HAMILTON, NJ --  Governor Phil Murphy signed the landmark New Jersey Economic Recovery Act of 2020 into law on Thursday at Carella's Chocolates and Gifts in Hamilton, a local family business in operation for more than 80 years. The law provides economic support for small businesses, while propelling New Jersey’s economic recovery and growth for much of the next ...

TRENTON, NJ – To continue supporting our small businesses impacted by the COVID-19 pandemic, Governor Phil Murphy on Monday signed legislation to reduce businesses' unemployment insurance (UI) contribution rate for a period of time. 

“COVID-19 continues to pose economic challenges to businesses across the state,” said Governor Murphy.

TRENTON, NJ -- New Jersey’s minimum hourly wage will go up by $1 to $12 per hour for most employees on January 1, 2021, per the state Department of Labor and Workforce Development.

Increases are less for employees of small employers or seasonal businesses, whose wages will rise to $11.10, while employees who work on a farm for an hourly or piece-rate wage will see their minimum ...

WASHINGTON, DC-- President Trump on Sunday signed into law a $900 billion stimulus package that offers a desperately needed lifeline for struggling small businesses.The passage of this Economic Stimulus bill is a shot in the arm for small business owners who have suffered disproportionately during the COVID-19 pandemic. It renews the Paycheck Protection Program (PPP) that helped millions of ...

ROBBINSVILLE, NJ -- Part of the Amazon fulfillment center based in Robbinsville will be closed temporarily after several workers tested positive for COVID-19 (coronavirus).  Following recent routine testing of employees, several in the sorting center, known as PNE 5, not the main warehouse (EWR 4) were shown to be positive according to a source. The number of COVID ...

TRENTON, NJ -- In an effort to make minority ownership of medical cannabis dispensaries more accessible, the Senate Judiciary Committee on Monday advanced legislation sponsored by State Senator Troy Singleton to remove certain restrictions on ownership.

Current law provides that, subject to certain exceptions, no entity may hold more than one medical cannabis cultivator, manufacturer or ...

WASHINGTON, DC – On Wednesday, Congressman Andy Kim (NJ-03), along with Congressman Peter King (NY-02) and Congressman Thomas Suozzi (NY-03) introduced the Save Jobs During the Pandemic Act, a bipartisan bill that would provide temporary relief to taxpayers who face a BEAT (base erosion and anti-abuse tax) liability for taxable year 2020 due to the pandemic’s economic impact, ...