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Increased Taxes and Spending Won’t Help New Jersey Grow

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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.

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JERSEY MIKE’S SUBS INVESTING $150 MILLION IN ITS FRANCHISEES’ RESTAURANTS

Jersey Mikes Ridgewood

the staff of the Ridgewood blog

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.

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New Jersey Ranks Worst Business Climate in the Region

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the staff of the Ridgewood blog

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.

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New Jersey Adds 6,500 Jobs in December

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  1. Unemployment increases by 0.1% to 3.5%, 2nd monthly increase
  2. Workforce grows by 23,300 individuals, 4th consecutive month of growth
  3. GDP & Personal Income data sends mixed signal about our economic trajectory
  4. Losses in Manufacturing & Construction defy strong U.S. growth

the staff of the Ridgewood blog

 

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.
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Landmark Toys ‘R’ Us Employee Severance Bill Becomes Law

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the staff of the Ridgewood blog

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.

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Waterfront Lifeguard Opportunities Village of Ridgewood Graydon Pool Summer 2020

Graydon Pool Ridgewood

file photo by Boyd Loving

the staff of the Ridgewood blog

Ridgewood NJ, The Village of Ridgewood, Parks and Recreation Department, is seeking certified lifeguards for seasonal employment at the Graydon Pool municipal facility. Full-time and part-time positions are available. Competitive salaries are offered, ranging from $10.30 to $15.00 per hour, based on years of experience and duties assigned.

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Garden State Initiative : NJ Reports Solid Growth, But Sustainability in Doubt

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Q3 GDP Report: NJ Reports Solid Growth, But Sustainability in Doubt

 

  • NJ’s reverses trend and reports 2.3%, leading region & slightly ahead of revised U.S. rate
  • Reported growth at best rate since early 2018
  • Questions regarding sustainability of growth in key industries raised

 

Analysis by Charles Steindel, Ph.D. for GSI

 

MORRISTOWN NJ,  The Commerce Department’s Bureau of Economic Analysis (BEA) today announced that New Jersey’s Gross Domestic Product (GDP)—a measure of the aggregate output of all goods and services produced within the state—grew at a rate of 2.3% in the third quarter of 2019, leading the Northeast region, and slightly ahead of the revised U.S. rate of 2.1% for the quarter. However, the strength of New Jersey’s economy in light of weak growth in recent quarters and a review of the underlying details of today’s report, is anything but assured.

 

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New Study Rates Newark One of the Worst Cities for Job Creation

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the staff of the Ridgewood blog

Newark NJ, With the unemployment rate at a near 50-year low and employers expecting to hire 5.8 percent more college graduates from the Class of 2020 than from the previous graduating cohort, the personal-finance website WalletHub today released its report on 2020’s Best Places to Find a Job as well as accompanying videos.

To determine the strongest local job markets in the U.S., WalletHub compared more than 180 cities across 31 key metrics. The data set ranges from job opportunities to employment growth to monthly average starting salary.

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State Senator Michael Testa says Increase in Shore Wages Will Directly Impact Local Property Taxes

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the staff of the Ridgewood blog

Trenton NJ, State Senator Michael L. Testa, Jr. expressed concern about the increase in the state’s minimum wage that went into effect on January 1.

The hourly rate will increase to $11 per hour from the current $10, and seasonal workers and employees at businesses with less than six workers will see their pay bump from $8.35 to $10.30.

“This increase comes at a significant risk,” cautioned Testa (R-01). “Higher business expenses will result in higher prices for consumers, but the news can be even worse for employees. Mandatory hikes to minimum wage have been linked to reduced hours and job opportunities for low-skilled workers. The people who least can afford it will be hurt the most.

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Democrat-Backed Legislation that Attacks Working Women, and Mothers

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the staff of the Ridgewood blog

Ridgewood NJ, CALIFORNIA, NEW JERSEY, NEW YORK,  Three of the bluest of the United States have thousands of independent contractors uniting via social media, the mainstream press and the courts to fight the damage and lawsuits from catastrophic versions of “employee
misclassification” legislation at various stages of becoming law.

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Senator Anthony M. Bucco Says independent contractor legislation would , “have disastrous implications for many thousands of independent contractors “

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the staff of the Ridgewood blog

Trenton NJ, Senator Anthony M. Bucco (R-25) released the following statement on the contentious independent contractor legislation (S4204) and proposed amendments.

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Senate Republican Leader Tom Kean Recognizes the Importance of the GIG Economy

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the staff of the Ridgewod blog

Trenton NJ, Senate Republican Leader Tom Kean warned of the unintended consequences of legislation that would deem independent contractors to be employees under State law and plans to oppose the bill:

“My phone has been ringing off the hook with calls from people who are genuinely afraid of losing their livelihoods and their companies as a result of this proposed change to how independent contractors are treated under New Jersey law.

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Bergen GOP Pushing Jobs and Investment at”Walk in the US, Talk in Japan” Meet-Up

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the staff of the Ridgewood blog

Park Ridge NJ, “Walk in US, Talk in Japan” met with representatives from Fujitsu, NSGC, Ltd., and the New York Japanese Consul General’s office to discuss business opportunities in our area and Japanese-American relations. Thank you to Ambassador Yamanouchi and his staff for facilitating the meeting. Also at the meeting was Assemblymen Bob Auth, Assemblywomen Holly Schepisi, and Mayor of Montvale Mike Ghassali and I am sure we missed a few all working to bring jobs to Bergen County.

The Preserve Park Ridge Team, Will Fenwick, Josh Nathanson, and John Cozzi, promise to continue our efforts to promote Park Ridge as a great place to do business and work to restore commercial enterprises to our Corporate Park.

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New Jersey Continues to Lag US job Growth

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the staff of the Ridgewood blog

MORRISTOWN NJ, According to Garden State Initiative (GSI) analysis of the newest jobs numbers issued by the Bureau of Labor Statistics, New Jersey’s employment picture was essentially flat in September as the state lost 200 jobs, the private sector added 900 positions while the public sector shed 1,100 positions.  The numbers stand in contrast to the overall U.S. economy which added 135,000 new jobs in September. The state’s unemployment rate edged lower by .01% to 3.2%. The numbers indicated an increase in the state’s workforce size but a decline in the labor participation rate.

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Stew Leonard’s in Paramus to Host Job Fair on August 10, 2019

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Farm Fresh Food Grocer Hiring for 400 Jobs

When:

Saturday, August 10, 2019 from 8:00 a.m.  – Noon

Where:

Stew Leonard’s Hiring Center

Paramus Park Mall, 700 Paramus Park, Paramus, NJ 07652
To find the Hiring Center, please use the Panera Bread entrance. We are located at Spot 1400, directly across from T-Mobile.

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