Business & Finance

September 9, 2020

NEW BRUNSWICK, NJ - Land development in New Jersey has slowed dramatically since the 2008 Great Recession, but it’s unclear how the COVID-19 pandemic and efforts to fight societal and housing inequality will affect future trends, according to a Rutgers co-authored report. Between 2012 and 2015, ...

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SOMERVILLE, NJ - In just a few years, electricity generated from a solar array hidden in the borough's former landfill will light up businesses on Main Street, apartment complexes and residences in neighborhoods throughout the 2.5 square-mile borough. The Borough Council is expected to pass a ...

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NEWARK, NJ - Public Service Electric & Gas is expanding its claims policy due to the COVID-19 pandemic so that customers whose electrical service was interrupted by Tropical Storm Isaias for at least 72 hours can be reimbursed for spoiled food and medication. The tropical storm knocked out ...

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TRENTON, NJ – New Jersey's gasoline tax is scheduled to increase 9.3 cents per gallon effective Oct. 1 to ensure compliance with the 2016 law that requires a steady stream of revenue to support the state’s Transportation Trust Fund (TTF) program. This is one tax hike that cannot be blamed on ...

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SOMERVILLE, NJ -  A brief ceremony early Thursday evening in front of Kyma Greek Cuisine on Main Street made it official - al Fresco dining in the downtown restaurant district has expanded beyond the curb on to MaIn Street. Natalie Pineiro, executive director of the Downtown Somerville Alliance ...

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TRENTON, NJ - New Jersey residents who lose food or medications requiring refrigeration due to extended power outages would be eligible for reimbursement from the utility company under legislation introduced by Sen. Kip Bateman. “The lights in our state have been going out more frequently, and ...

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BRIDGEWATER, NJ – The Somerset County Business Partnership (SCBP), in cooperation with Robert Wood Johnson University Hospital Somerset, is providing an opportunity to local businesses that are interested in increasing exposure at Somerset County’s “Virtual Fall BizFest & Wellness ...

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TRENTON, NJ - The New Jersey Supreme Court Wednesday rejected state Republicans' effort to halt Gov. Phil Murphy's plan to borrow upwards of $9.9 billion by selling long-term bonds to replace lost tax revenues blamed on the coronavirus pandemic. Murphy's intention is to balance the state's ...

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TRENTON, NJ - It's been seven days since Tropical Storm Isaias slammed New Jersey, uprooting trees and snapping power lines, leaving 1.4 million New Jersey residents without power. More than one million of those outages were repaired within 72 hours; more than 3,000 customers are still in the ...

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BRIDGEWATER, NJ - Steve Kalafer, a successful businessman, philanthropist, founder and owner of the Somerset Patriots baseball team, a loving husband, proud father and grandfather who cares for the community as much as his family has been selected as an inductee with other prominent New Jerseyans ...

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TRENTON, NJ - The New Jersey Supreme Court will hear arguments on Aug. 5th from declared GOP gubernatorial candidate Jack Ciattarelli and his legal team against Gov. Phil Murphy's plan to borrow $9.9 billion to balance the state budget, Ciattarelli, a Hillsborough resident and former state ...

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SOMERVILLE, NJ - Declared gubernatorial candidate Jack Ciattarelli has filed a lawsuit against Gov. Phil Murphy, hoping to block his plan to borrow $9.9 billion to balance the state's budget. Murphy says he has the authority to do so; Ciattarelli, who is seeking the GOP nomination to run against ...

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SOMERVILLE, NJ – The employees of Robert Wood Johnson University Hospital Somerset had an oversized pizza party Friday, ordering 300 pies from area restaurants - that's 2,400 slices - as their way of saying "Thanks" for the support they received during the height of the COVID-19 crisis in March, ...

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SOMERVILLE, NJ - As expected, the Borough Council Monday night approved a $7.25M bond ordinance to help finance construction of a three-level parking deck that will be built as part of the Edge II luxury apartment building on West Main Street. The total cost of the deck is estimated at $14M, ...

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SOMERVILLE, NJ -The Borough Council is expected to approve a $7.25M bond ordinance during Monday night's virtual meeting that will pay for a three-level parking deck on Main Street for the public and tenants of the Edge II luxury apartment building where excavation work hs been ongoing at the site ...

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BOUND BROOK NJ – Moody’s Investor Services has upgraded the Borough of Bound Brook’s credit rating from A2 to A1. Moody’s cited the Borough’s much-improved financial position and its ongoing local economic redevelopment in the local economy as strengths leading to the upgrade.  It also noted the ...

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       SOMERVILLE, NJ - Career-related services from the Greater Raritan Workforce Development Board in Somerset and Hunterdon counties will continue to be available virtually or by phone in the coming weeks and months. Greater Raritan One-Stop offices in Somerville and Flemington were closed ...

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SOMERVILLE, NJ - The borough is making a second attempt to shut down the state highway that bisects the downtown shopping and restaurant district to create a pedestrian boulevard for shopping and outdoor dining from 10 a.m. to 10 p.m. Saturdays. A resolution will be voted on at Monday's virtual ...

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TRENTON, NJ - State Sen. Kip Bateman, R-16th is not happy that Gov. Phil Murphy made a unilateral decision Monday to keep indoor restaurants closed indefinitely; he provided no timetable as to when indoor dining -- even at reduced capacity -- would resume. Indoor dining was originally scheduled ...

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SOMERVILLE, NJ - Main Street restaurants will not get the opportunity to expand their outdoor dining accommodations beyond the curb and on to Route 28. The Borough Council adopted and sent a resolution to the state Department of Transportation earlier this month after Gov. Phil Murphy gave ...

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SOMERVILLE, NJ - Heavy construction equipment has moved on to the site of a planned five-story luxury apartment building on Main Street that will include a parking deck for over 500 cars, a restaurant and retail stores on the ground floor, a health and fitness club, and a swimming pool on the top ...

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WASHINGTON - The House Transportation and Infrastructure Committee voted Thursday to advance the Investing in a New Vision for the Environment and Surface Transportation in America Act (INVEST in America Act) to the House Floor. This comprehensive bill will revitalize America's aging ...

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SOMERVILLE, NJ - Three months ago their glass doors were posted with hastily-scribbled signs, most of them reading "Due to the Coronavirus. . . " with the ominous news that the store or restaurant would be closed until further notice. On Monday, those signs were long gone, a bitter memory, ...

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  FLEMINGTON, NJ - The New Jersey Institute of Technology on Friday presented Steve Kalafer, founder and chairman of the Flemington Car & Truck Country and chairman emeritus of the Somerset Patriots with the Honorary Doctorate of Humane Letters during the virtual commencement ceremonies for ...

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BRIDGEWATER NJ -  Somerset Patriots Chairman Emeritus Steve Kalafer has been nominated for the New Jersey Hall of Fame Class of 2019-20. “I have used this line before, but for the Academy Awards, it’s an honor to just be nominated,” said Kalafer. “In all seriousness, to even be considered as a ...

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SOMERVILLE, NJ - Here's a unique dining experience that may come about as a result of Gov. Phil Murphy's announcement Monday that restaurants throughout the state can begin serving meals outdoors beginning June 15th. By mid-summer, pending approvals, the borough's restaurants could be serving ...

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SOMERVILLE, NJ - Starting June 15, New Jerseyans can make themselves presentable again by getting a haircut before dining out at their favorite restaurant - and after indulging off the menu, work out at the local gym the next day. They'll also be able to go inside and shop at their favorite ...

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TRENTON, NJ - Gov. Phil Murphy is expected to announce eased restrictions on serving customers at restaurants and bars at his June 1 press briefing, but owners are concerned the guidance he provides will be little more than an appetizer. Murphy's guidance is that no one is to be allowed indoors ...

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TRENTON, NJ - Municipalities, financially stressed by the impact of the COVID-19 pandemic would be able to fill budget shortfalls without major tax increases on residents under a bipartisan bill co-sponsored by Sen. Kip Bateman, R-16th. “For some local governments, borrowing might be the only ...

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SOMERVILLE, NJ - Nearly three months after the COVID-19 pandemic imposed social distancing and curtailed the ability to meet and mingle, shop and dine, attend school and earn a living, Gov. Phil Murphy has begun to ease some restrictions - with conditions. The Downtown Somerville Alliance is ...

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