EDA Task Force’s final report identifies nearly $600M in incentives N.J. could claw back

The state could claw back nearly $600 million in tax breaks from 12 companies that were given incentive awards to stay in New Jersey that they did not need. This was one of the biggest...

TheStreet to sell institutional business units for $87.3M

Montclair-based 180 Degree Capital Corp. announced its portfolio company, TheStreet Inc. has agreed to sell its institutional business units for $87.3 million to Euromoney Institutional Investor, a business information and events group. TST's institutional business...

Metuchen bank to merge into Manasquan Bank

Metuchen Savings Bank will merge into Manasquan Bank under a definitive agreement announced late Thursday. The two banks’ holding companies announced their merger in a news release, with the two subsidiary banks combining within a...

EDA temporarily waiving rule employees ‘work at site’ 80% of time to earn incentive...

The New Jersey Economic Development Authority announced Thursday afternoon that it is waiving certain specific requirements related to employee presence in the office for the recipients of awards under employment-based incentive programs. In other words,...

Cross River partners with Operation HOPE to provide free financial literacy programming

Cross River Bank, a Fort Lee-based provider of banking services for technology companies, announced on Monday it has partnered with the nonprofit Operation HOPE to provide free, live online financial literacy programming in response...

At IPZ, diversity of clients — and sectors represented — always is on display

The diversity of clients the agency represents is worth noting. And it’s not just having basketball, baseball and soccer stars along with mixed martial arts competitors. Or a Ukranian actress, bilingual Hispanic TV personality...

1st Colonial CEO to retire next year

The CEO and president of 1st Colonial Bancorp Inc. and its subsidiary, 1st Colonial Community Bank, will retire in 2020. The Collingswood-based banking institution said on Friday Gerard M. Banmiller will leave his post in...

Metuchen bank and Manasquan Bank complete merger

Metuchen Savings Bank and Manasquan Bank have officially merged, the two banks' holding companies announced Thursday. Under the agreement, Metuchen MHC and its subsidiary Metuchen Bancorp Inc. would merge into MB Mutual Holding Co. and MB Bancorp...

N.J.’s online casinos in Sept. hit $70.4M in record revenue

New Jersey's online casinos hit record revenues this month, according to BonusSeeker.com. The gaming site found that online gross revenues in September were up by $10 million when compared to August. And when the state's...

Steward Partners adds Wells Fargo advisers to N.J. office

Steward Partners Global Advisory LLC, an independent partnership associated with Raymond James Financial Services Inc., announced Monday that Alan Raffer, director; Sherry Birnbaum, senior vice president; and Jeremy Raffer, senior vice president of Raffer Investment Group, have joined Steward...

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University Hospital awarded $182K to help enroll residents in ACA programs

University Hospital has been awarded $182,203 in state grant funding to help enroll under- and uninsured New Jersey residents in Affordable Care Act health...

1 year later, Choose says mission trip to India proving to be success

It may seem like a lifetime ago due to the COVID-19 pandemic, but Gov. Phil Murphy’s trade mission trip to India with Choose New...

Vauxhall BBQ guru named SBA’s N.J. Small Business Person of the Year

The owner of a Vauxhall barbecue restaurant is the U.S. Small Business Administration’s New Jersey Small Business Person of the Year for 2020, the...

How 2020 is this? Quest piloting drone delivery of COVID-19 tests

How’s this for the ultimate in touchless service? Secaucus-based Quest Diagnostics announced Tuesday it is teaming up with Walmart and DroneUp on a pilot program...

Investment firm hires CEO for health care portfolio company

Ignite Venture Studio, a Princeton-based investment company focused on the digital health and beauty sectors, has hired a CEO for a new portfolio company...