Business & Finance

Top Stories

57d820a03e4a4f15d40098a2
57d820a03e4a4f15d40098a2
57d820a03e4a4f15d40098a2

Newark Airport Workers Rally for $19 Minimum Wage Ahead of Port Authority Vote

September 6, 2018

NEWARK, NJ - Employees at Newark International Liberty Airport in March were on the verge of receiving an hourly wage increase up to $19, but the Port Authority Board of Commissioners has stalled on giving its final approval for the measure.

So yesterday, Gov. Phil Murphy and Mayor Ras Baraka joined members of 32BJ SEIU, a union that represents 14,000 airport employees in New York and New ...

NJ Reentry Program Expands, Helping Woman, Minorities, Veterans

NEW BRUNSWICK, NJ - Reentry, the program that former Gov. Jim McGreevey started to help recently released inmates obtain housing and employment, is now moving to assist a large segment of society with training for and placement in jobs in construction trades through a program called NJBuild.

At ceremonies Thursday marking the opening of the NJBuild office in New Brunswick, McGreevey said the ...

Essex County Tech Schools Pull $16M from Bank over Foreclosure Practices

NEWARK, NJ - Essex County Schools of Technology is following suit with the county government and will no longer bank with Wells Fargo over the bank's foreclosure practices.  

MORE: Reverend plans to meet with Wells Fargo over Newark foreclosures

Essex County Executive Joseph N. DiVincenzo, Jr. earlier this month announced the county was cutting ties with the bank and ...

Homeowners Facing Foreclosure Get Free Mediation Counseling Against Lenders

NEWARK, NJ - A new state program will offer mediation counseling services to New Jersey residents facing foreclosure, giving them at least a fighting chance when going up against lenders during the legal process.

The New Jersey Housing and Mortgage Finance Agency is using $1 million to fund the program to help up to 2,000 homeowners facing foreclosure. Lt. Gov. Sheila Oliver announced the new ...

Newark Residents Decry Amazon Tax Incentives

NEWARK, NJ - The city hall chambers today filled with shouts of disapproval from residents before a huge tax break for large corporations like Amazon was approved.

City council gave final approval for $1 billion in payroll tax breaks to any business that intends to create at least 30,00 new full-time jobs and make a capital investment of at least $3 billion in Newark. The ordinance calls ...

Essex County Cuts Ties With Wells Fargo Over Foreclosure Practices

NEWARK, NJ - Essex County will no longer hold money in Wells Fargo accounts after clergy from Newark raised concerns about the bank’s aggressive foreclosure practices.

Essex County Executive Joseph N. DiVincenzo, Jr. gave a directive to transfer accounts to other banks in June, and announced today that all accounts would be withdrawn from Wells Fargo. The county had about $3.8 million in ...

Newark Residents Collected $13 Million from Free Tax Prep Program in 2018

Newark residents who took advantage of a free tax preparation program for low-income families in the city collected $13 million in total tax refunds in 2018, up from $10 million the previous year.

The program, Newark Free-Tax-Prep, was an initiative among Newark Asset Building Coalition (NABC), the City of Newark, Prudential Financial and Citi Community Development, which worked with the ...

Hip-hop manager turned developer becomes part of the West Ward’s revitalization

NEWARK, NJ - James Gist started building homes on the side while managing musical acts like Naughty by Nature, a Grammy Award-winning hip-hop group from East Orange.

Today, redevelopment is his main gig, and his work extends beyond the four corners of the homes he builds in the city’s West Ward. When he stepped outside a three-family home at 454 South 14th St. that he just sold to a ...

Newark May Get a Boost From Investors with New Federal Program

NEWARK, NJ - Newark could soon see a boost in long-term investments due to federal legislation that created certain tax exemptions for private investors.

In April, the federal treasury department approved low-income Opportunity Zones in 75 municipalities throughout New Jersey that were nominated by Gov. Phil Murphy. Thirteen of those zones are designated in Newark.

MORE: View a ...

Newark Lures Amazon With $1 Billion Payroll Tax Incentive

NEWARK, NJ - Amazon will get a payroll tax break at a cost of $1 billion to the city should the company open its second headquarters here.

It’s one of two ordinances that were approved on first reading by the Newark City Council to sweeten the deal for the corporate giant and stand out among other locations vying for Amazon’s so-called HQ2.

“The City Council has ...

57d820a03e4a4f15d40098a2

TAP Into Another Town's News:

TAP Into Another Town's News:

Sign Up for E-News

Newark