Each week in Face Time, NJBIZ editors approximate Chris Christie's mood and facial expressions based on the news.
FACE TIME: CONSERVATIVE
Maybe all the Washington talk out of Cory Booker has Christie refocused on his national aspirations. Whatever the case, he's heavily talking up his conservative cred these days, breaking up the Obama bromance and blasting the gay marriage ruling. How will this affect his huge lead in the governor's race, though?
The whopping 10 percent surcharge companies would have had to pay as the state shores up its unemployment insurance trust fund amounted to a $300 million tax hit for the coming fiscal year. Fortunately, both sides of the aisle managed to hit the brakes on that.
The luxury Atlantic City resort casino that didn't declare bankruptcy less than a year after opening celebrated its 10th anniversary last week. While New Jersey's gaming economy continues to shrink, thanks to competition from neighboring states, the Borgata continues to get the largest, sweetest slice of the pie.
New Jersey Devils
The team hosted a successful NHL draft that brought thousands of hockey fans and media from around the world to Newark, filling bars, restaurants, parking lots and hotels. The news that the team seems to have found a new co-owner is the icing on the cake, so to speak.
Christie's veto of a corporate relocation subsidy bill means the township won't get support from the state as it looks to raise roughly $9 million in revenue that goes out the door with Roche by year's end. Take heart, though; there's another massive incentive program still on the way.
Stronger than the storm, perhaps — but not the storms, plural. The rainiest June on record has put a noticeable limp in the coastline's swagger as it attempts to bring in the tourists. Businesses hope July ends much drier and sunnier than it started.
Economic Development Authority
The EDA isn't responsible for the failure of the Legislature to send a completed incentives overhaul to the governor before the summer break, but without it, a major tool in its development war chest is unavailable. That will make recruitment and retention that much tougher.
Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.View Comment Policy