When the state was trying to bounce back from the recession, the Grow New Jersey and Economic Redevelopment and Growth incentive programs made sense. Ten years later, a realignment of goals is in order, a new report says. The report by the Bloustein School of Planning...
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Jersey suburbs–the hot new "in" place to live?
For years, young adults in New Jersey have been leaving the suburbs and flocking to urban areas. But things could be changing. According to Rutgers University economist James Hughes, new Census estimates show that, “surprisingly for the first time in the last seven...
Unemployment down in NJ but wages not rising fast enough
Employment in the Garden State is holding steady while the unemployment rate edged slightly lower. The New Jersey Department of Labor and Workforce Development reports the latest preliminary data shows employment in June was essentially unchanged, while the state’s...
New Report Suggests State Re-Examine Grow NJ Awards in Camden
The state may take another look at how almost $1.4 billion in tax incentives were awarded to businesses in Camden after a new report determined the cost of those jobs to the state is $25,000 more than the jobs created in any other city across New Jersey under the same...
No bombshells in analysis of incentives: Grants predominately went to favored urban areas
The way New Jersey’s Economic Development Authority has awarded incentives over the years has come under fire recently, spurring a call for an audit by Gov. Phil Murphy when he took office in January. But Rutgers University’s Edward J. Bloustein School of Planning and...
NJ Tax-Incentive Programs Under Microscope — High Cost of Camden Jobs Noted
A long-awaited analysis of New Jersey’s controversial economic-development tax-incentive programs was just made public yesterday, and it recommends a series of changes related to cost concerns. They include streamlining bonus policies that companies can use to get...
Uncertainty for Obamacare plans, as Washington and New Jersey take different paths
Eight years after former President Barack Obama's signature law was enacted without any Republican support, it continues to be the subject of bitter partisan divisions. As Democratic-controlled states like New Jersey try to compensate for steps taken in Washington to...
Unemployment down in NJ but wages not rising fast enough
Industries that lost jobs include leisure and hospitality, information, and financial activities. Meanwhile, public sector employment in Jersey rose by 800 jobs. “I guess you could say New Jersey’s economy is doing OK,” said Rutgers University economist James Hughes....
EDA, Rutgers unveil skeptical tax credit report
Are economic incentives and tax credits actually helping New Jersey? A state report by the Rutgers University Bloustein School of Planning and Public Policy said “it’s too soon to tell if the tax deals are helping New Jersey’s economy.” But the report also suggested...
Have Office Parks Become Obsolete?
The same demographic trends threatening New Jersey’s malls have left the state with dozens of abandoned office parks—sometimes referred to as “gray fields”—and countless vacancies in suburban office buildings. Lately, however, technology has changed the workplace...