News Articles Archives - Page 52 of 74

By Erin O’Neill/Star-Ledger
March 28, 2013

The Christie administration today submitted its final plan to the federal government for how the state intends to spend nearly $1.83 billion to help victims of Hurricane Sandy.

The plan, which Gov. Chris Christie first outlined earlier this month, details how the state will spend the first round of Community Development Block Grant funds from the U.S. Department of Housing and Urban Development. The public comment period on the draft proposal ended March 19.

PR Newswire
March 28, 2013

Phone.com will now be located in the Enterprise Development Center at the New Jersey institute of Technology (NJIT). With ties to NJIT, Phone.com strengthens its presence in Newark – New Jersey’s largest city – and contributes to the growing technology sector here.

The Enterprise Development Center is an incubator of many New Jersey startups. As a company working for the underserved startup market, Phone.com hopes to build relationships with existing and fledgling startups as a result of the move.

“We have been looking forward to this move for a long time,” said Phone.com CEO Ari Rabban . “With our offices in Newark, we will be able to build stronger ties with the technology community and will also have closer contact with the students and graduates of NJIT, who have an illustrious history of technology innovation. “

The move from Livingston to Newark comes as a result of recent funding that Phone.com received. The company recently closed on an investment from ff Venture Capital and the New Jersey Economic Development Authority’s Edison Innovation Venture Capital Growth Fund to propel the company’s goal of increased growth.

By Tomas Dinges/Star-Ledger
March 27, 2013

A bill Gov. Chris Christie signed into law tonight will establish a network of state monitors to oversee recovery and rebuilding efforts in the wake of Hurricane Sandy, the governor’s office said.

Under the new law, the state will establish a network of monitors to review the procurement process for state contracts using federal reconstruction money, submit regular reports on these contracts and post the information about public expenditures of recovery funds on a public website.

By Jenna Pizzi/Trenton Times
March 27, 2013

Lt. Gov. Kim Guadagno toured the Arc Mercer’s health center yesterday, meeting some of the people who have benefited from the center’s specialized work since it opened two years ago, as well as their families and the doctors, nurses and therapists who provide them with care.

They included people like James Cheeseman, a developmentally disabled man with a psychological disorder who was recently released from an institution and is adjusting to life in a group home. Cheeseman comes to the center on New York Avenue every week to meet with his therapist and sometimes get medical care from a doctor.

The center recently expanded its potential pool of clients, opening its services to people not already involved in Arc programs. Guadagno said she was glad to see the center helping clients in a unique way and encouraged the staff to share their ideas.

By Beth Fitzgerald/NJBIZ
March 26, 2013

Wells Fargo said it’s seeing results from initiatives aimed at boosting its share of business lending in New Jersey.

Wells Fargo began forming a team of business sales officers in late 2011 “to do nothing but hunt full-time for new customers,” said Alan Wyosnick, senior vice president and business banking area manager. From three such officers at the end of 2011, the team grew to 10 last year, and Wells Fargo plans to add four more in 2013.

Both Wyosnick and John P. Cole, executive vice president, oversee the bank’s business banking division, which deals with companies ranging from $2 million to $20 million in sales.

A meeting of the Fort Monmouth Economic Revitalization Authority has been scheduled for Tuesday, March 26, 2013 at 7:00 pm at the Eatontown Municipal Building, 47 Broad Street, Eatontown, NJ. Formal action may be taken at this meeting. A copy of the proposed agenda can be found 48 hours prior to the meeting at the websites of the Fort Monmouth Economic Revitalization Authority: www.fortmonmouthredevelopment.com, and the New Jersey Economic Development Authority: www.njeda.gov.

By Rosetta Key/NJ 101.5
March 18, 2013

U.S. Small Business Administration (SBA) staffers continue to urge folks who suffered superstorm damage to send their federal disaster applications in before the April 1st deadline.

SBA Spokeswoman, Dr. Barbara Berry, expects April 1st to be the final extension given to apply for either FEMA Disaster Assistance or an SBA Loan. She says even if you don’t want a low-interest loan, applying only gives you more options later.

By Jared Kaltwasser/NJBIZ
March 13, 2013

Gov. Chris Christie’s plan to spend half a billion dollars of federal Hurricane Sandy aid on small businesses and tourism is gaining wide support from the business community.

Christie late Tuesday released his plan for the first wave of federal Sandy recovery money. The $1.8 billion will come from the U.S. Department of Housing and Urban Development in the form of Community Development Block Grants.

By Richard Newman/The Record
March 12, 2013

Mortgage lenders and servicers are getting more upfront insurance money into the hands of homeowners affected by superstorm Sandy, the state Department of Banking and Insurance said Monday.

Melissa Shuffield, a Chase spokeswoman, said the bank recently began advancing 75 percent of claims settlement checks in initial installments, up from 50 percent, and is guaranteeing property inspections within two days.

By Jared Kaltwasser/NJBIZ
March 12, 2013

Small businesses hurt by Hurricane Sandy will be eligible for a share of up to $300 million in grants, according to Gov. Chris Christie’s newly released spending plan for the first installment of federal recovery aid.

The first wave totals $1.8 billion in Community Development Block Grant recovery funding from the U.S. Department of Housing and Urban Development. The full plan can be viewed on the New Jersey Department of Community Affairs’ website, at www.nj.gov/dca. Christie’s office said more money is expected in the coming months.