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

Executive Moves: JLL, Vonage and more

Executive Moves is an occasional feature on ROI-NJ.com describing some of the important personnel changes in the New Jersey business community. Reports are based...

NJPAC announces reopening — and that patrons must be vaccinated (or have a recent...

The New Jersey Performing Arts Center announced Friday it will reopen for in-person performances this summer — and that tickets will go on sale...

Today’s silly stock story: Deli in Paulsboro has $100M valuation

Here are a few numbers about Your Hometown Deli in Paulsboro: Sales: $35,748 (and that’s the past two years combined); Stock price: $9 (and...

4 reasons you should learn more about state’s Anchor Institution program

Perhaps overlooked in all of the provisions of the Economic Recovery Act of 2020 is the Community Anchor Institution Program. Developers, municipal leaders and...

Honoring the past, rebuilding the future: $94M Hinchcliffe project breaks ground

Major League Baseball is remembering Jackie Robinson this week. Thursday marked the 74th anniversary of Robinson breaking baseball's color barrier. Wednesday in Paterson, real estate and city officials...