The U.S. Small Business Administration (SBA) announced it is extending the Business Recovery Center (BRC) closure deadline to May 6, for disaster loans for businesses caused by the sinkholes on Interstate 80 occurring on Dec. 26, 2024. SBA customer service representatives will be on hand at the BRC to answer questions about SBA’s disaster loan…
The second round of voting is now open for the “Makers Madness – The Coolest Thing Made in New Jersey” contest recently launched by Manufacturing Counts, a partnership between NJBIA and the New Jersey Manufacturing Extension Program (NJMEP) to promote awareness of New Jersey manufacturing. Voting for the first round of 48 initial products ended on Monday, March 24, to…
The New Jersey Economic Development Authority (NJEDA) Board has approved the creation of the Next New Jersey Program – AI and the AI Innovation Challenge Administration Grant Program, which build on Gov. Phil Murphy’s goal of establishing the state as a leader in AI by encouraging private investment into New Jersey’s growing AI sector and promoting collaboration between citizens…
Sun Pharma will keep headquarters in NJ and bring 220 new jobs to the state TRENTON, N.J. (March 13, 2025) – The New Jersey Economic Development Authority (NJEDA) Board approved tax credits under the Emerge Program to support Sun Pharmaceutical Industries Inc.’s (Sun Pharma) plan to open a new U.S. headquarters in Princeton. Sun Pharma…
The Laser Vision Correction Center of New Jersey (LVCCNJ), Whippany, is the first practice in New Jersey to offer the Valeda® Light Delivery System, an FDA-approved treatment for dry age-related macular degeneration (AMD). Dry AMD is a leading cause of vision loss among individuals over 50, affecting the macula, the part of the eye responsible for sharp…
Sector maintains consistent pricing advantage over conventional options The extended-stay hotel sector emerged as an industry leader throughout 2024, demonstrating stronger pricing power than conventional hotels. Analysis of inflation-adjusted average daily rates, or ADR, shows that while traditional hotel rates lagged 2019 benchmarks, extended-stay properties maintained higher rates overall. This performance gap highlights the sector’s…
Two Garden State companies revealed partnerships with global cybersecurity leader CrowdStrike in January. Teaneck-based Cognizant said the strategic collaboration will drive enterprise security transformation by delivering cybersecurity services – powered by the AI-native CrowdStrike Falcon cybersecurity platform. Leveraging Falcon products, Cognizant will work to enable organizations to streamline security operations and threat mitigation, consolidate fragmented legacy point…
As technology continues to evolve, so too do the tools that banks have at their disposal. According to the 2024 Bank of America Business Owner Report, digital transformation continues to be a key priority for businesses, with 71% of small business owners and 99% of mid-sized business owners adopting digital strategies to optimize their operations.…
Eligible Companies Could Receive up to $500,000 The New Jersey Economic Development Authority (NJEDA) has launched a marketing campaign to promote incentives designed to encourage New York-based companies with New Jersey employees to open New Jersey offices or allow those employees to work from home. New Jersey Re-assigning In-State Employees Program (NJ RISE), administered…
