News Articles Archives - Page 65 of 74

By Katie Eder/NJBIZ
April 12, 2012

With dwindling resources and greater demand for transparency from the Internal Revenue Service and funding sources, nonprofits in New Jersey will need to invest in strategic planning and outsource accounting and technology operations to improve their financial performance in 2012, a nonprofit services executive with The Mercadien Group said.

“One of the things we remind our nonprofit clients of is that nonprofit is a tax status, not a business model, and they need to be making sure that donors and funding sources understand that even though they are a charity, they are still a business,” said Sherise D. Ritter, managing director of Mercadien, who chairs the firm’s nonprofit services group. “No one wants to fund general and administrative expenses, but you can’t have a business without them. A donor to Habitat for Humanity wants to see the whole dollar of every dollar going to building houses, but Habitat for Humanity can’t function without those general departments.”

By Katie Eder/NJBIZ
April 9, 2012

Though nearly 90 percent of CEOs at New Jersey’s small businesses have learned to make their businesses more productive with fewer employees, more than half expect to increase staffing by the first quarter of 2013, according to the state’s results from a national confidence index by Vistage International Inc.

Fifty-one percent of the 96 New Jersey survey responders said they plan to hire more staff in 2012, representing the highest percentage since 2007, though an increase of only 1 percentage point from the first quarter of 2011. To support their projected modest employment growth, nearly three-quarters of those responders anticipate increased sales revenues and profitability — a jump from 54 percent in the first quarter of 2011 — and more than half expect the costs of their products or services to rise.

The New Jersey Economic Development Authority’s next public Board Meeting will take place at 10:00 a.m. on Tuesday, April 10, 2012 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 Jason Method/Asbury Park Press
April 3, 2012

Two measurements taken by the Federal Reserve Bank of Philadelphia shows an improving economy for New Jersey and the region.

The Philly Fed’s coincident index for New Jersey rose .3 percent in February and has jumped by 3.1 percent in the last 12 months. The index is designed to track long-term growth in gross domestic product.

Pennsylvania’s index has risen 2.9 percent in the last 12 months. Delaware’s is up, but barely, .8 percent in the last 12 months.

By Katie Eder/NJBIZ
March 27, 2012

Amid reports that growth in the number of women-owned businesses in New Jersey is slowing, state agencies are working in concert to increase awareness of funding, training and incentive opportunities among female entrepreneurs.

“Women small-business owners are having a hard time getting funding, because they don’t know where to look for resources. But it’s not for the lack of them being there,” said Mary Adelman, president-elect of NJAWBO, the state’s largest association for female business owners.

By Ken Tarbous/NJBIZ
March 26, 2012

Sun National Bank has taken further steps in its calculated expansion into northern and central New Jersey, in what the bank promises will be an ongoing effort to capture market share in the Garden State.

In the last two months, Sun announced the opening of a Florham Park office led by mortgage bankers, and signed a new lease tripling the size of its Edison commercial lending production office.

On Sunday morning, March 25, from 7:00 – 9:00 AM, EDA will be performing scheduled maintenance on the web servers that host www.njeda.gov, camdenerb.com, affirmative action and the online application web sites. Because users may experience loss of data when submitting forms, EDA is disabling the online application and affirmative action sites completely during this time. These areas should be working normally following the maintenance period. We apologize for any inconvenience this may cause.

By Ed Beeson/Star-Ledger
March 23, 2012

During the first two months of 2012 alone, New Jersey created more than half the number of jobs it did during all of last year, according to new data released yesterday from the state Department of Labor and Workforce Development.

In January and February, employers in the state added a net total of 17,500 non-farm jobs. Last year’s tally came to 33,400 new jobs in the private sector.

A meeting of the Fort Monmouth Economic Revitalization Authority has been scheduled for March 21, 2012 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.nj.gov/fmera, and the New Jersey Economic Development Authority: www.njeda.gov.