ESOPs may be smartest (and safest) succession strategy for boomers

The “silver tsunami,” the phrase used to describe the large wave of retiring baby boomers, who will be needing to sell off, shut down or transfer ownership of their small to midsized companies, is...

ADP acquires digital payment company Global Cash Card

ADP’s newest addition will help paychecks go fully digital. The Roseland-based payroll company now owns Global Cash Card, a leader in digital payments, including paycards and other electronic accounts. "ADP pays one in six workers in...

Specialty Program Group buys woman-owned Ga. underwriter

Specialty Program Group LLC, based in Summit, has acquired the assets of Capitol Special Risks Inc., a Georgia-based managing general underwriter, it announced Wednesday. SPG, a holding company for specialty brokerage, contract binding and insurance...

EDA announces grant programs for certain businesses in growth zones

Two new programs will offer grants to street-level businesses in designated Garden State Growth Zones like Trenton, Atlantic City and Camden, the New Jersey Economic Development Authority announced Tuesday. The Business Lease Incentive and Business...

Latest GOP tax plan is mixed bag for N.J., experts say

President Donald Trump and Republican leaders this week unveiled a framework to overhaul federal taxes in a way that New Jersey tax experts expect will get mixed reviews from local clients. The initial plan driving...

CURE insurance lands naming rights to Trenton arena

Princeton-based CURE Auto Insurance has acquired the naming rights to the multipurpose arena in Trenton, according to facility manager Spectra by Comcast Spectacor. The unit of Comcast Corp. said Thursday that the Mercer County-owned arena,...

Malvern FSB names N.J. lawyer as SVP, general counsel

A New Jersey attorney has been appointed senior vice president and general counsel for Malvern Federal Savings Bank. Rona E. Korman previously served as general counsel and chief risk officer of Center Bancorp Inc. She brings...

Pru names new chief actuary to replace retiring SVP

Prudential Financial Inc. has a new chief actuary. Candace Woods will succeed the retiring Richard Lambert as senior vice president and chief actuary of the Newark-based financial services company. Lambert will retire next year. “Rich has been...

Edison Partners investment firm exits Canadian cybersecurity company

Edison Partners has announced the successful exit of Ontario-based cybersecurity services eSentire. “After 26 consecutive quarters of growth, it’s clear that eSentire has a proven, high-demand business model and solution that will continue to propel...

Small business showcase a key to new partnership between M&T, Jets

When the New York Jets and M&T Bank began talking about a business partnership months ago, they started with the traditional items a sports team and a bank could work on together: signage at...

Latest Articles

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...