News Articles Archives - Page 54 of 74

By Hugh Morley/The Record
February 19, 2013

Business leaders are mounting a push to help minority- and women-owned businesses share in the benefits of the Super Bowl next year.

The first major event in the effort will take place in Newark on Feb. 26, organized by Business Connect, a program set up by the Super Bowl organizers to educate small and minority businesses on how to get a piece of the action when Super Bowl XLVIII is held at MetLife Stadium in the Meadowlands next February.

The event at the New Jersey Performing Arts Center will include a workshop on how businesses can get certified to do work for the Super Bowl, and what types of work will be available.

A meeting of the Fort Monmouth Economic Revitalization Authority has been scheduled for Wednesday, February 20, 2013 at 7:00 pm at Tinton Falls Municipal Building, 556 Tinton Avenue, Tinton Falls, 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.

The New Jersey Economic Development Authority’s next public Board Meeting will take place at 10:00 a.m. on Tuesday, February 12, 2013 at 36 West State St., Trenton, NJ 08625. A copy of the proposed agenda can be found prior to the meeting at www.njeda.gov/Board. Following the Board Meeting, minutes and the full agenda will also be available at www.njeda.gov/Board.

By Harvy Lipman/The Record
February 6, 2013

Non-profits and other groups with ideas for helping communities with the long-term recovery from superstorm Sandy can start applying for $5 million in grants from a fund established by two of the state’s largest foundations.

The New Jersey Recovery Fund has raised most of its money from charitable and corporate foundations around the country. The fund was put together by two of the state’s leading foundations: the Geraldine R. Dodge Foundation and the Community Foundation of New Jersey, both based in Morristown.

While the fund has given out about $250,000 in what Community Foundation president Hans Dekker described as “emergency small grants” to non-profits affected by the storm, its main focus is longer-term needs. Those include rebuilding homes and infrastructure to make them more resistant to future storms, innovations in regional planning to reduce communities’ vulnerabilities, and environmental protection projects.

By Beth Fitzgerald/NJBIZ
February 6, 2013

The New Jersey Business Action Center was created by the Chris Christie administration to reach out to businesses considering moving to New Jersey or expanding here — and to intervene when discouraged companies consider pulling up stakes. It is part of the administration’s Partnership for Action, which so far has worked with companies to attract or retain 67,000 jobs, according to Catherine Scangarella, marketing director for the BAC.

“We are the one-stop shop for the business community, and we use all our resources to bring all state resources to bear” to stimulate business investment, said Lauren H. Moore Jr., deputy executive director of the BAC, during a meeting today with NJBIZ. Besides the BAC, the Partnership for Action, led by Lt. Gov. Kim Guadagno, includes the state Economic Development Authority, which provides loans and tax incentives to companies, and Choose New Jersey, an independent nonprofit that recruits businesses to move here.

By Katie Eder/NJBIZ
February 5, 2013

Capital One today opened a mobile financial literacy center at the Newark office of nonprofit youth education organization Junior Achievement in an effort to better prepare students for finance jobs in the state.

Under the program, local middle school and high school students receive four weeks of in-classroom financial education lessons and mentoring from volunteers at local businesses, including Capital One and Verizon. At the completion of that instruction, students put their skills to the test by spending a day at the interactive Finance Park, where they are assigned fictional jobs and required to make real-life financial management decisions using kiosks and other technology funded by Capital One.

By Beth Fitzgerald/NJBIZ
January 29, 2013

Lakeland Bancorp has announced it will acquire Somerset Hills Bancorp in a deal valued at $12 a share, or $64.4 million — a 31 percent premium over the Monday closing price of Somerset Hills.

And while the increased burden and cost of government regulation is widely expected to drive a new wave of small-bank takeovers, Lakeland CEO Thomas J. Shara said that’s not what motivated this deal.

By Maria Scandale/The SandPaper
January 25, 2013

Lenders vied to fit attendees’ needs at the Access to Capital Forum held Jan. 17, sponsored by the Southern Ocean County Chamber of Commerce and the Holiday Inn of Manahawkin.

“Where is the money?” was the question addressed. “What can federal agencies, local banks and other funding sources offer our impacted businesses?”

The New Jersey Economic Development Authority, the U.S. Small Business Administration, the state of New Jersey Business Action Center, the USDA Rural Development program, the FDIC and Federal Emergency Management Agency all had information tables set up, along with banks and other lenders.

Fuel Cell Today.com
January 22, 2013

The New Jersey Economic Development Authority (EDA) and the New Jersey Board of Public Utilities (BPU) have launched the second iteration of the Large Scale Combined Heat and Power (CHP)/Fuel Cell Program. The rolling grant program, which follows a competitive program introduced last April, will support CHP and standalone fuel cell projects serving commercial, institutional and industrial customers in New Jersey.

The rolling grant program is available to support CHP or standalone fuel cell projects with an electric generating capacity of greater than one megawatt (MW). New Jersey-based government (federal, state or local), commercial, institutional or industrial entities advancing these projects are eligible. CHP systems greater than 1 MW with waste heat utilization must achieve annual system efficiency of at least 65% of the lower heating value (LHV); fuel cell projects greater than 1 MW without heat recovery must achieve annual system efficiency of at least 45% of the higher heating value (HHV).

By Chris Torres/Vineland Daily Journal
1/22/2013

The Millville Urban Redevelopment Corp. is preparing to launch a program that aims to use hundreds of thousands of dollars to help small businesses in the city.

The fund for small businesses is set to launch around the end of February, according to Don Ayres, executive director of MURC, a nonprofit created as an outside development agency for the city.