News

U.S. employers added 57,000 jobs in June – less than half the number of jobs added in May – and the unemployment rate dipped to 4.2% as the labor force shrank, according to data released Thursday by the U.S. Bureau of Labor Statistics.  Employment continued to trend upward in professional and business services (+36,000), social assistance (+25,000) and healthcare (+22,000). Leisure and hospitality lost jobs (-61,000), reflecting…

The winner of the inaugural Coolest Thing Made in New Jersey competition is now a finalist for one of the most prestigious awards in entrepreneurship. Gary Kellstrom, founder and CEO of Geared Power Biotech, has been announced as one of the finalists for Ernst & Young’s Entrepreneur Of The Year® 2026 New Jersey Award. Geared…

Mayor Pulkit Desai joined business leaders, community members, and company representatives to celebrate the grand opening of Solabia’s new North American Research & Development Laboratory and Customer Experience Center on Friday, March 27. Located at the company’s Parsippany headquarters, 2 Cranberry Road, the state-of-the-art facility highlights Solabia’s commitment to innovation, scientific advancement, and customer collaboration.…

PARSIPPANY — The Kislak Company, Inc. announced the recent sale of a 131,346-square-foot office building situated on 7.98 acres at 959 Route 46 for $10 million. Kislak arranged the off-market sale, with Senior Vice President Tom Scatuorchio and Managing Director Matt Weilheimer representing the parties in the transaction. The identities of the buyer and seller were not disclosed. According to Kislak, the…

In today’s economy, it feels like there is a widening divide between businesses that are thriving and those that are facing headwinds. Whichever side of the equation you’re on, strong leadership is critical to success.  Leading with intention means making decisions rooted in long-term impact, not short-term fear. Periods of uncertainty require clarity, courage, and intention. Investing in…

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…

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…

Ferring Pharmaceutical, a global life sciences company specializing in reproductive medicine, uro-oncology and specialty areas within orthopaedics, and gastroenterology, including microbiome therapeutics, held a ribbon-cutting ceremony yesterday for its new 12,000-square-foot gene therapy manufacturing facility located within its US headquarters in Parsippany. The new facility is producing ADSTILADRIN, the first and only FDA-approved gene therapy delivered directly to the bladder for…

PARSIPPANY—Resource Realty of Northern New Jersey (RRNNJ), headquartered in Parsippany, continues to make a substantial impact on the region’s commercial real estate market. Recently, it completed five industrial transactions across northern New Jersey. The Parsippany-based firm finalized two property sales totaling $7.5 million and secured three industrial lease agreements, demonstrating the ongoing strength of the…

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…

NAI James E. Hanson has acquired The Garibaldi Group, bringing together two of New Jersey’s oldest and most recognizable brokerage and real estate services firms. The companies, which have existed for a combined 180 years, said Thursday that the transaction brings NAI Hanson’s headcount to more than 100 and its properties under management to more…

Expanded website showcases massive volume of research being conducted statewide   TRENTON, N.J. (December 18, 2024) – The New Jersey Commission on Science, Innovation and Technology (CSIT) today announced the expansion of the website for ResearchwithNJ from five to eight leading research institutions, resulting in more than 365,000 pieces of research output and close to…