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Though previous sales tax fairness legislation failed to advance through the gridlock in Washington, federal legislators have reintroduced a bill that would allow states to force online retailers to collect the tax. That has revived New Jersey brick-and-mortar stores' push for a level playing field against increasing e-commerce competition, the head of a state retail association said.
Small businesses are typically referred to as economic engines, but a new report by the advocacy office of the U.S. Small Business Administration shows just how crucial a role their growth and hiring practices played in New Jersey during the recovery years of 2009 and 2010.
Months before Hurricane Sandy boosted hotel and motel occupancy rates by displacing scores of homeowners and bringing hordes of construction workers and aid officials into New Jersey, the state's lodging industry was on pace to break occupancy records set prior to the recession, according to an analysis of state fees and municipal taxes collected from the properties throughout 2012.
In response to an increasingly competitive market, law firms have pulled back on entry-level hiring for the fourth consecutive year, while summer associate employment remains far off pre-recession highs with a similarly bleak future ahead, according to a report by the National Association for Law Placement.
Daiichi Sankyo Inc. today announced it will lay off approximately 25 employees at its Parsippany headquarters and 50 field employees across its regional U.S. offices, as well as another 225 open positions across the company, a spokeswoman told NJBIZ.
An entrepreneurial group of New Jersey Institute of Technology undergraduate students is one step closer to patenting and marketing painless needle technology after securing $6,000 in seed capital by winning two recent contests sponsored by Capital One Bank.
On the same day it accomplished its corporate rebranding campaign, the former North Jersey Community Bank took another major step toward expansion by going public late Monday with a $44.8 million initial public offering.
A state Senate committee circled back to Toms River today to take testimony on issues surrounding coastal planning and rebuilding in the wake of Hurricane Sandy to mark its fifth round of superstorm-related hearings since late November.
A former state prison site on Camden's waterfront will be auctioned off to private developers by the New Jersey Economic Development Authority under a bill signed Thursday by Gov. Chris Christie.
New Jersey's business community emphasized its preference for a gradual increase to the minimum wage by state statute, rather than a constitutionally mandated hike like the one passed Thursday in the Senate.
When MX Solar USA, the U.S. subsidiary of an Italian solar panel manufacturer, ceased production at its Somerset County plant last year, it left a gash in the state's bleeding industry — until another Italian solar manufacturing firm recently started reversing the hemorrhaging by opening a warehouse in Parsippany.
Though U.S. trade activity with India has steadily grown over the past six years as the country's customs duties have gradually fallen, India's goal of investing $1 trillion in infrastructure development through 2017 presents a wealth of new opportunities for New Jersey companies looking to expand their business abroad, trade experts said at an international markets seminar today at Farleigh Dickenson University's Teaneck campus.
New Jersey will receive $1.8 billion to aid businesses, homeowners and municipalities in the areas most severely harmed by Hurricane Sandy as part of the first wave of a $50.5 billion federal disaster relief package, state delegates announced today.
Though sales growth among New Jersey brick-and-mortar retailers throughout the 2012 Christmas season was weaker than the previous year's Christmas boost, the scope of leasing activity in the state indicates the sector is on a positive trajectory, according to a survey by retail real estate services firm Levin Management Corp.
Capital One today opened a mobile financial literacy center at the Newark office of nonprofit youth education organization Junior Achievement in an effort to better prepare students for finance jobs in the state.
The Federal Communications Commission today held its first field hearings with local telecommunications executives, legislators, consumer advocates and academic experts to address vulnerabilities in the region's wired and wireless infrastructure that left millions of people unable to make calls in the wake of Hurricane Sandy, FCC Chairman Julius Genachowski said.
Aside from rising health care costs, falling sales and other typical explanations for low employee headcounts, an increasing mass of small-business owners are halting their hiring practices due to concerns that their businesses won't survive through 2013, according to the latest Wells Fargo and Gallup quarterly survey.