A new report released today by The Center for Advanced Infrastructure and Transportation (CAIT) at Rutgers University highlights just how critical New Jersey’s warehouse and distribution centers (key components of the logistics industry) are to the state’s economy and prosperity. The data shows that existing warehouses and distribution centers support over 764,000 direct jobs and…
Starting an Online Business Starting an online business provides new opportunities to reach customers without having to maintain a physical storefront. With the use of the internet at an all-time high and online sales expected to reach $1.5 trillion in the U.S. in 2024, many are looking to digital options to create something sustainable in…
HANOVER – Marcus Partners has begun construction at 35 South Jefferson Road in Hanover, transforming a 6.6-acre site into a new 72,000-square-foot Class A logistics facility. The project, scheduled for completion in the third quarter of 2026, will replace a vacant 40,000-square-foot office building with a modern warehouse and distribution center designed with 36-foot clear…
Whether you’re a New Jersey resident or coming from out of state, starting an LLC in New Jersey is a smart move. New Jersey’s close proximity to New York provides access to big-city opportunities without the sky-high cost of living. Plus, the state is attracting more residents, boosting the local talent pool and customer base.…
Small businesses can still apply for grants of up to $50,000 under a New Jersey Economic Development Authority program that reimburses business owners for a portion of their closing costs after purchasing the commercial property their business operates from. The Main Street Acquisition Support Grant program is designed to boost a small business owner’s liquidity during the…
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…
