Recent Daily Stories

Assembly passes bill increasing minimum wage

By Andrew Kitchenman
May 24, 2012 01:48 PM

A proposal to increase the state's hourly minimum wage from $7.25 to $8.50, which is strongly opposed by business groups, passed by a 46-33 margin this afternoon in the state Assembly.

Report: Apartment development remains strong in North Jersey

By Katie Eder
May 24, 2012 01:43 PM

Despite a lag in employment growth and a sluggish economic recovery, New Jersey's apartment market is drawing increased demand from investors and developers, especially in the northern part of the state, according to a quarterly report from Marcus & Millichap, a real estate investment services firm with an office in Elmwood Park.

Bike seller finds new gear as online competitors keep coming

By Katie Eder
May 24, 2012 12:07 PM

To differentiate his bike shop from local and online competitors, Michael Grotz, owner of Park Ridge-based CycleSport, likes to say he doesn't sell bicycles — he sells cycling.

Cooper Medical School calls its first class a competitive one

By Melinda Caliendo
May 24, 2012 11:30 AM

Being a competitive medical school is a challenge for even the most established institutions, but Cooper Medial School of Rowan University says its charter class represents a broad mix of successful students.

Deals and Moves: May 24

By Katie Eder
May 24, 2012 10:12 AM

Office park purchase, home furnishings partnership, musical instrument acquisition.

Revenue projections paint different pictures of business situation

By Andrew Kitchenman
May 23, 2012 02:25 PM

Gov. Chris Christie’s administration and the nonpartisan Office of Legislative Services have different views of how New Jersey businesses will fare over the next year.

Christie attacks revenue projections, likens OLS to Dr. Kevorkian

By Ken Tarbous
May 23, 2012 01:51 PM

On same the day the Office of Legislative Services presented some dismal projections on state revenues, Gov. Chris Christie called the nonpartisan office a "handmaiden" to whichever party is in the majority, in this case, intent on helping Democrats make the case to raise taxes.

Award winners say development programs helped their small businesses grow

By Katie Eder
May 23, 2012 01:39 PM

When Marjorie Perry, president of Newark-based MZM Construction Co., was in desperate need of capital to fulfill a contract and secure future projects in 1998, she turned to the federal Small Business Administration, which backed a $250,000 loan through Columbia Bank.

Carpet recycler relies on location to feed its growing business

By Katie Eder
May 23, 2012 11:39 AM

Environmentalists look at the harmful side of the 4 billion pounds of carpet going into landfills every year, but Sean Ragiel, founder and CEO of Newark-based CarpetCycle LLC, also sees millions of dollars in lost profits.

After 40 years, Newark law firm is headed to suburbs

By Ken Tarbous
May 23, 2012 11:32 AM

Law firm McManimon & Scotland LLC is moving its main office out of Newark on June 1 after 40 years, citing the high cost of doing business in the city, according to the firm's chairman.

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