Author Archives

  • Legislature passes tax break for aviation district at Atlantic City Airport

    A bill designating the area around Atlantic City International Airport as a Garden State Growth Zone passed the state Assembly on Tuesday and now heads to Gov. Chris Christie’s desk for final approval. The bill, originally introduced by Assemblyman Vince Mazzeo and the late state Sen. Jim Whelan, both D-Atlantic, creates tax incentives for businesses […]

  • South Jersey’s jobless-rate jump is nation’s largest

    South Jersey’s job market, touted for its strong growth early last year, now stands out for the wrong reason, according to a new report from a federal agency. The tri-county area in November had the largest over-the-year jobless rate increase of almost 40 metropolitan areas measured nationwide, according to the U.S. Bureau of Labor Statistics. […]

  • Food distributor eyes $52M project in Camden

    A Pennsylvania-based food distributor is seeking incentives worth $52.4 million for a Camden project. The state Economic Development Authority is to consider the request Tuesday from Benjamin Foods LLC of Hatboro. The company, which also distributes restaurant supplies, has applied for a tax break worth $5.2 million annually for 10 years, according to a preliminary […]

  • Revel casino officially sold, will re-open this summer

    After months of rumors and denials, the closed Revel Casino Hotel has been sold to a group, lead by Colorado-based investor Bruce Deifik for $200 million. The property, which will be re-branded as the Ocean Resort Casino, is expected to open this summer. The casino is expected to generate more than 2,500 jobs. “We are […]

  • Amazon Tax-Credit Bill Advances in New Jersey Senate

    New Jersey lawmakers advanced a bill on Friday, January 5th, which offers billions in tax credits to Amazon if the company locates its second headquarters in the state. In 2017, Amazon announced it was seeking bids from locations throughout the United States to build a second headquarters. The Democrat-led New Jersey Senate budget committee unanimously […]

  • Developers unveil $48 million rental project slated for Camden waterfront

    The joint venture behind a high-profile office tower in Camden has unveiled another piece of its waterfront redevelopment – a $48 million, 156-unit luxury apartment building. The firms – The Michaels Organization, NFI and Conner, Strong & Buckelew – said Wednesday that they had closed on the development deal for the planned rental community. Slated […]

  • Pero Family Farms eyes expansion in Vineland

    A Florida-based food company looking to establish a new location in the Northeastern part of the country has identified Vineland as the site for its expansion. Pero Family Farms in December was approved by the New Jersey Economic Development Authority for a Grow NJ award totaling nearly $19 million in tax credits over a 10-year […]

  • New vision for Camden’s hectic transit hub

    On a typical weekday, motorists and pedestrians engage in a chaotic and sometimes dangerous dance outside the Walter Rand Transportation Center. Drivers navigating along Broadway and Martin Luther King Boulevard have to make their way past public buses lumbering into and out of the transit hub. Pedestrians make their way through crosswalks partially obstructed by […]

  • South Jersey Gas to Begin Construction as Part of Safety and Reliability Enhancements

    South Jersey Gas to begin construction in Ocean City, Stone Harbor, and Sea Isle City. To ensure safe travel, there will be lane closures with appropriate traffic control personnel directing motorists and pedestrians around all work. In addition, there may be some road closures on select narrow side streets where work will be performed. Residents […]