The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in March on a seasonally adjusted basis, the same increase as in February, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.5 percent before seasonal adjustment. The index for shelter rose in March,…
Prudent Planning and 8.8% Ratable Growth Offsets Costs The Morris County Board of County Commissioners unanimously adopted a 2024 Budget tonight, with no increase in the tax rate as funding expanded for public safety, infrastructure, human services, education and training and economic development. View the Budget Presentation “Strong ratable growth and prudent financial planning…
Long considered the ultimate social no-no, dining alone at a restaurant is losing its stigma. According to online reservation platform OpenTable, between 2022 and 2023 single-person reservations increased by 4%, making it one of the largest and fastest-growing dining segments in the U.S. Whether for business or pleasure, solo dining is something restaurant consumers – particularly…
The renovation of Morristown’s landmark Headquarters Plaza will look to energize the sprawling concourse that connects three office towers, a Hyatt Regency hotel and a host of retailers and restaurants under the roof of the 1 million-square-foot complex. Not to be overlooked is the idea that the refreshed property will also engage the community in…
Recently, about 20 invited guests gathered at Crum & Forster (C&F), an insurance firm in Morristown, to discuss how this company is exploring generative artificial intelligence (AI). The group was assembled as part of a “salon” put together by James Barrood, founder and CEO of Innovation+, a curated global community of 10,000 or more entrepreneurs and innovators. At…
Years after real estate firms first touted the potential of data science and machine learning to determine what tenants want, it’s not unusual now for property companies to use artificial intelligence to analyze leases, communicate with tenants, value buildings, manage warehouse space and even woo investors. At a recent gathering of about 100 real estate…
TRENTON, N.J. (April 1, 2024) – The New Jersey Economic Development Authority (NJEDA) today issued a Request for Information (RFI) seeking insight from firms and individuals with perspectives on the proven best practices, potential challenges and appropriate considerations relevant to the development of a Statewide Employee Ownership program. The information gathered through this RFI will…
Morris County’s Board of County Commissioners presented a Resolution of Honor tonight to Scott Moffitt, the Superintendent of Morris County Vocational School District (MCVSD), who is departing after 20 years of service to the district. “You played a key role in shaping the success of the Morris County Vocational School District for 20 years. We’re sad to see…
For the second time in about a quarter-century, Farragut Place in Morristown has become a movie location. On Monday, exteriors were filmed for an independent production, The History of Sound. Current street signs were removed and residents and their vehicles were replaced by extras in period costumes and antique cars, as the Historic District neighborhood was transformed…