The United States has a storied legacy of business successes, from tycoons and titans of industry to Main Street “mom and pop” shops. What draws these people to business ownership and how do they succeed? The top reasons cited by business owners, according to the 2023 U.S. Census Bureau’s Annual Business Survey (ABS): to make…
Stay informed on the latest high-tech trends, innovations, and insights shaping today’s world that are emerging from New Jersey’s cutting-edge companies. Next NJ Program – AI – Applications for the New Jersey Economic Development Authority’s (NJEDA) Next New Jersey Program – AI are now open. A $500 million allocation to the program will provide tax credits…
NAI DiLeo-Bram & Co. (NAIDB) has released its Summer Market Snapshot Report for select counties located in Northern and Central New Jersey, revealing a total sales volume across the office, industrial and retail sectors of $1.4 billion in the first half of 2025. While overall sales volume remains below the peak post-pandemic years of 2021-2022,…
There’s nothing better than the midsummer arrival of New Jersey corn season. Now, even America’s favorite corn flake will have a Jersey connection, at least on the corporate level. Italian food giant Ferrero Group, with its North American base in Parsippany, announced July 10 that it will acquire WK Kellogg Co. and its “iconic portfolio of breakfast cereals,” including…
The retail industry supports over a quarter of U.S. jobs, and according to the Bureau of Labor Statistics’ Occupational Outlook Handbook, 18% of retail salespeople in 2023 were employed by firms that sold clothing, accessories, shoes and jewelry. How has this industry been faring? The 2022 Economic Census shows that the number of U.S. Clothing and Clothing Accessories retail firms…
The logistics industry is vital to the economic strength of New Jersey. Despite its necessity, the industry frequently faces criticism and blame. Initial conversations among NAIOP New Jersey, David Greek of Greek Real Estate Partners, and leading members of the state’s logistics industry resulted in a new approach to defending and recognizing the logistics industry’s…
The New Jersey Department of Labor and Workforce Development (NJDOL) has announced a $5 million investment to support a statewide Apprenticeship Degree Initiative through a memorandum of understanding with Thomas Edison State University (TESU). This three-year initiative aims to develop college-credit pathways for registered apprenticeship programs, integrating workforce training with academic credentials such as an…
Wiss, the Florham Park-based full-service accounting and business advisory firm, and Rillet, an AI-native enterprise resource planning (ERP) platform, have announced a strategic partnership aimed at helping businesses streamline operations, improve financial visibility, and reduce reliance on manual or outdated processes. Rillet’s software automates core accounting tasks such as invoicing, monthly closes, and financial reporting,…
PARSIPPANY — Another vacant office building in Parsippany is set to come down as part of a joint venture’s plan to construct a new 128,000-square-foot speculative warehouse just north of Route 10. The project, which includes a 30-year Payment in Lieu of Taxes (PILOT) agreement with the Township of Parsippany-Troy Hills, aims to bring long-term…
