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ASPIRE TAX CREDITS ADD TO STATE SUPPORT FOR MAJOR FILM STUDIO PROJECT IN BAYONNE

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the staff of the Ridgewood blog

Bayonne NJ, the New Jersey Economic Development Authority (NJEDA) Board today approved tax credits under the Aspire Program for 1888 Studios in Bayonne. The studio, developed by Togus Urban Renewal, will be the largest and first campus-style film and television studio facility in the Northeast, and will occupy 58 acres of land just minutes from New York City.

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Five New Jersey film and television industry Projects to Receive State Grants

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the staff of the Ridgewood blog

Trenton NJ, five separate projects within New Jersey’s film and television industry have received approval for public grants, announced state officials on Wednesday. Additionally, a potential film studio in North Jersey near Thomas Edison National Historical Park in West Orange is in the works.

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More New Jersey Municipalities Go Film Ready

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the staff of the Ridgewood blog

Ridgewood NJ, New Jersey’s local film and television industry has expanded with the addition of several new municipalities and counties designated as Film Ready Communities. The New Jersey Motion Picture and Television Commission, under the New Jersey Economic Development Authority, revealed that 14 municipalities and four counties have successfully completed the Film Ready New Jersey Program.

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Governor Murphy Establishes Task Force to Seek Intelligent Life in New Jersey

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State Artificial Intelligence Task Force

the staff of the Ridgewood blog

Trenton NJ, building upon New Jersey’s legacy of leading the next frontiers of discovery and innovation, Governor Phil Murphy established an Artificial Intelligence Task Force charged with studying emerging artificial intelligence (AI) technologies. The Task Force will be responsible for analyzing the potential impacts of AI on society as well as preparing recommendations to identify government actions encouraging the ethical use of AI technologies.

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Film Production in New Jersey Once Again Smashes Record

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the staff of the Ridgewood blog

Trenton NJ, Governor Phil Murphy and the New Jersey Motion Picture and Television Commission announced today that overall in-state production spending from filmmaking exceeded $650 million dollars in 2022, besting the previous record of $500 million set for 2021. The announcement came at the outset of a series of meetings in California between Governor Murphy and the film, TV, and technology industries.

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New Jersey Film and Television Industry Shattered Records in 2021

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the staff of the Ridgewood blog

Westwood NJ, Film and television production in New Jersey shattered all previous records in 2021, with the industry spending more than a half of a billion dollars in the state and creating more than 5,500 jobs.

The annual report released by the state’s Film and Television Commission this month shows the industry bested its previous spending record by nearly $80 million. In total, New Jersey was home to 725 productions in 2021, including 68 feature films and 132 television series.

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HealthBarn Foundation, Ridgewood Chamber of Commerce Host Event to Announcing Grant Fulfilment, New Effort & Honor Volunteers

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the staff of the Ridgewood blog

Ridgewood NJ,  after successfully fulfilling its mission to deliver $1 million in economic relief to local restaurants and 100,000 hot and healthy meals to those facing food insecurity in Bergen County, the HealthBarn Foundation and its partners are committing to continuing the ‘Feed the Frontlines: Helping Those In Need’ initiative.  The nonprofit is seeking a second grant from the New Jersey Economic Development Authority’s ‘Sustain and Serve’ program after state lawmakers approved $10 million in additional funding for the NJEDA’s effort last week. The legislation has Governor Murphy’s support and is expected to be signed into law later this month.

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NJ COVID-19 Business Support Eligibility Wizard

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from Alyssa Kaye Dawson  Chief of Staff to Assemblywoman Holly Schepisi at State of New Jersey

Ridgewoood NJ, Some new information for business owners/non-profits struggling from COVID-19’s impact:

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Updates for business and nonprofit employees employees impacted by COVID 19 

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 the staff  of the Ridgewood blog
River vale NJ Important updates for business and nonprofit employees employees impacted by COVID 19  from Alyssa Kaye Dawson Chief of Staff to Assemblywoman Holly Schepisi at State of New Jersey:

Continue reading Updates for business and nonprofit employees employees impacted by COVID 19 

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IMPORTANT INFORMATION FOR SMALL BUSINESS OWNERS IMPACTED BY COVID 19

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IMPORTANT INFORMATION – PLEASE READ!

by Alyssa Kaye Dawson
(she works for Assemblywomen Holly Schepisi )

The last 48 hours have been chaotic to say the least. I have spoken to more business owners than I can count and have been doing everything I can to provide them with information and updates as they become available. It is times like this that I am grateful to have a job that allows me to help others and make a difference in a time of need and uncertainty unlike anything we have ever experienced. I am hoping that the following information provides some answers and hope for many of you who are small business owners or employees affected by COVID-19. After reading my notes below, if there are any further questions, feel free to call me on my cell, 201-574-3223. Also, I encourage you to follow my boss’ Facebook page for frequent updates:

https://www.facebook.com/hollyschepisi

 

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CALLS FOR INVESTIGATION OF MASSIVE TAX BREAKS FOR MURPHY SUPPORTED PHARMACEUTICAL COMPANY WITH LINKS TO OPIOID EPIDEMIC

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the staff of the Ridgewood blog

Trenton NJ, Assemblywoman Patricia Egan Jones called for an investigation into Teva Pharmaceutical today and submitted testimony to Governor Murphy’s Task Force on the New Jersey Economic Development Authority’s Tax Incentive Program.

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New Jersey Economic Development Authority has generated no known economic benefits for main street New Jersey and state taxpayers

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the staff of the Ridgewood blog

Cherry Hill NJ, New Jersey Main Street Alliance released the following statement today in response to a state Comptroller audit finding that $11 billion in tax breaks given to mostly large corporations between 2005 and 2017 by the New Jersey Economic Development Authority have generated no known economic benefits for main street New Jersey and state taxpayers. The EDA’s corporate tax incentive program was meant to spur economic growth, attract new business and create thousands of new jobs. But the audit found the EDA has been grossly mismanaged, resulting in improperly awarded incentives, inflated and misleading job counts, and corporate tax incentive recipients taking advantage of the agency’s lack of oversight, accountability and internal controls.

“While small business owners like me struggled for years to obtain loans and secure capital, an incompetently managed state EDA gave away billions of dollars in tax breaks to enrich CEOs and corporate shareholders,” said NJMSA Steering Committee Member Kelly Conklin, owner of Foley Waite LLC in Kenilworth. “Instead of giving tax breaks to large corporations, the EDA could have invested in main street and small businesses, who would have re-invested their profits in their communities. Small business owners create more jobs and create more GDP for the economy than a company that wants tax payers to subsidize them. We call on a full investigation of the state EDA and echo Governor Murphy’s call to overhaul the agency. Our businesses and communities deserve nothing less.”

https://www.insidernj.com/press-release/nj-comptrollers-nj-economic-development-authority-audit-pdf/

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Cardinale Bill to Establish a Permanent NJ Office of International Trade

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August 8,2018

the staff of the Ridgewood blog

Port Newark NJ, In light of Governor Phil Murphy’s designation of the Office of International Trade and Investment, Senator Gerry Cardinale announced his plans to reintroduce legislation he has long-sponsored that would codify this program, by establishing a permanent global trade division within the New Jersey Economic Development Authority (NJ EDA.)

Senator Cardinale noted his bill would improve upon the steps Governor Murphy took last week to create a new Office of International Trade and Investment. Sen. Cardinale’s legislation is essential to ensuring that this new office continues to operate during future gubernatorial administrations as well.

“Small Businesses owners who are looking to expand abroad often do not have the legal resources to navigate foreign trade laws,” Cardinale (R-39) said. “By fostering partnerships between local mom-and-pop stores and international advocates, we can promote ‘Jersey Made’ products around the world. The future of our state’s economy depends on a permanent Office of International Trade, right here in Garden State.”
Currently, there are 1,100 multi-national businesses and 270 foreign headquarters in New Jersey.

Senator Cardinale’s bill would establish an Office of International Trade and Protocol within the NJ EDA. The division would encourage and assist New Jersey businesses entering into the international market.

The bill will officially be introduced in the Senate at the next Senate Quorum. Cardinale’s district mate, Assemblywoman Holly T. Schepisi, has already introduced an identical version of the legislation in the Assembly.

“It is essential that New Jersey businesses are provided with the right tools to remain competitive in today’s global market,” Cardinale said. “The establishment of an international trade office will spur commercial growth and generate career opportunities for our residents. I am glad to see that Governor Murphy is taking positive steps towards diversifying our economy. I hope that my colleagues in the Legislature will take immediate action to advance my bill, so that future generations of local business owners can benefit from this program as well.”