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MIDLAND PARK NJ, In light of a business survey that found 45 percent of employers would close within three weeks, and over 83 percent within 11 weeks, Assemblyman Christopher DePhillips said he will work on providing state-level relief for businesses. He says the best way to start is ensuring current-year income will last beyond the pandemic.
Continue reading Urgent business, employee relief package Needed for New Jersey
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Ridgewoood NJ, according to Rasmussen Reports ,voters question how long the United States can remain locked down because of the coronavirus, and most share President Trump’s worry that the government may go too far in its efforts to defeat the disease.
A new Rasmussen Reports national telephone and online survey finds that only 36% of Likely U.S. Voters think the United States can afford to remain largely shutdown for an indefinite period of time to limit the spread of the coronavirus. A plurality (46%) believes America can’t afford an indefinite shutdown, while 18% are not sure.
Week 2 of Kearny Bank Economic Health Survey: Number of NJ residents feeling financially uncertain during coronavirus outbreak rises slightly
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FAIRFIELD NJ, During the past week, an increasing number of New Jersey residents felt financially uncertain amidst day-to-day constraints related to the coronavirus outbreak. That’s the finding of the second, weekly Kearny Bank Economic Health Survey, which was fielded online from Monday, March 23 through Wednesday, March 25.
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Albany NY, in a press conference New York Governor Andrew Cuomo said Thursday that his stay-at-home order for the entirety of New York State was “probably not the best public health strategy.”
the New York governor said the smartest way forward would be a public health strategy that complemented a “get-back-to-work strategy.”
Continue reading Updates for business and nonprofit employees employees impacted by COVID 19
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Ridgewood NJ, Around 67 million Americans think they will have trouble paying their credit card bills due to coronavirus, according to WalletHub’s new Coronavirus Money Survey, released today. This survey, which follows WalletHub’s report on the States Most Aggressive Against the Coronavirus, illustrates some of the ways in which COVID-19 has impacted Americans’ lives and spending habits.
Continue reading 67 Million Americans Anticipate Trouble Paying Credit Card Bills Due to Coronavirus
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Ridgewood NJ, according to Corey DeAngelis Director of School Choice, Reason Foundation; Adjunct Scholar, Cato Institute , School support staff has grown 2.7 times as fast as students since 1990 in public schools has grown 2.7 times as fast as students since 1990.
Students: + 23%
Support staff: + 61%
Per pupil spending: + 39%
Maybe this is why our schools are failing?
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Washington DC, is the “Trump Bump ” real , it certainly looks that way . Even states perusing disastrously bad anti -business ,anti-job policies like New Jersey are benefiting.
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Trenton NJ, Assembly Republicans are walking to their talk of cutting the corporate business tax to make the state more business friendly. Assemblymen Christopher DePhillips and John DiMaio are introducing a bill (A3754) with Assemblywoman Serena DiMaso that would gradually cut the rate to a flat 2.5 percent.
“The reason we need a tax incentive program to attract businesses is because taxes are too high,” said DePhillips (R-Bergen). “The simple answer is to lower the rate to a point that makes New Jersey more attractive financially than other states.”
Continue reading NJ Assembly Republicans Push Bill to Cut State Corporate Income Taxes
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Paramus NJ ,Fight For Freelancers New Jersey, a nonpartisan, grassroots group of 1,100 independent contractors, creatives, and businesses, has launched the sixth video in its series urging lawmakers to reject NJ Senate Bill 863 (S863) and instead enact a modern labor law that uses the IRS common law test.
By Tom Bracken and Michele Siekerka, Opportunity NJ
Trenton NJ, Governor Murphy’s recent Budget Address painted an optimistic picture of New Jersey’s current financial health and future prospects, declaring victory on goals that included “restoring fiscal responsibility” and “delivering property tax relief” as if the work were already done. While we appreciate the Governor’s commitment to business growth, workforce development, and investments in infrastructure, making New Jersey a competitive regional powerhouse means forging a difficult path ahead — and this budget proposal won’t get us there.
Continue reading Increased Taxes and Spending Won’t Help New Jersey Grow
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Ridgewoood NJ,Jersey Mike’s Subs is embarking on a systemwide renovation program that’s expected to cost $75,000 per store, which the franchisor has agreed to pick up across the 1,700-unit quick-service sandwich chain for a total projected outlay of $150 million.
Continue reading JERSEY MIKE’S SUBS INVESTING $150 MILLION IN ITS FRANCHISEES’ RESTAURANTS
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Trenton NJ, On the eve of Gov. Phil Murphy’s budget address that is expected to call for more unnecessary tax increases, NJBIA released its updated 2020 Business Climate Analysis showing New Jersey has the least competitive business climate, with the highest corporate tax, state sales tax, income tax and property taxes in the region.
Continue reading New Jersey Ranks Worst Business Climate in the Region
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Ridgewood NJ, According to Garden State Initiative (GSI) analysis of the newest jobs numbers issued by the Bureau of Labor Statistics, more of New Jersey’s residents are seeking work which led to an uptick in our unemployment rate by 0.1% to 3.5%, matching the U.S. rate which was unchanged. The state reported an increase of 5,700 private sector jobs in December, while adding 800 public sector positions, for a net gain of 6,500. Of note, the state shed jobs in the Construction and Manufacturing sectors, which experienced strong growth nationally.
Continue reading New Jersey Adds 6,500 Jobs in December
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Trenton NJ, Landmark legislation signed into law by Governor Phil Murphy, the law, S-3170, makes New Jersey the first state in the country to guarantee severance pay in the wake of mass layoffs.
Continue reading Landmark Toys ‘R’ Us Employee Severance Bill Becomes Law
