Tracye McDaniel can extol the virtues of New Jersey like someone who has been here all of her life. It’s a testament to her image-hawking ability, since the lifelong Texan just started work as CEO of the state’s new economic development nonprofit Feb. 1.
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While the future of the Meadowlands Racetrack looks brighter following agreements between the track’s unions and its would-be operator, New Jersey’s standardbred racing industry still faces plenty of hurdles.
The economy may be on the mend, but nervous federal regulators appear to be putting the brakes on bank creation, according to some experts, who said such a move could create less competition for commercial borrowers.
Frustration was plentiful, but answers few, in the wake of a controversial ruling by federal regulators that some fear could scuttle three planned New Jersey power plants, even as two developers vowed to move forward with their projects.
A recently expired deadline for counties to submit wastewater management plans has raised concerns among developers, who say the delays cast doubt on future development in New Jersey.
One of the first moves by Richard E. Constable III as deputy commissioner of the state Department of Labor and Workforce Development was to launch a fraud prevention unit to reduce the theft of Social Security numbers, which he estimates will save the state tens of millions of dollars.
One of the largest shopping centers to be proposed in Newark in decades could help recharge the city’s retail market by attracting major tenants and keeping local shoppers from leaving town, insiders said.
The implementation of New Jersey’s Licensed Site Remediation Professional program continues to move forward, with new rules expected to be released in the coming months. But with the majority of polluted sites still without a licensed consultant, and other rule proposals behind schedule, some stakeholders said it will be difficult for the program to meet its May 2012 deadline.
Matters of reputation are taken seriously at the nation’s largest Hispanic-owned food company, and as it celebrates its 75th anniversary, its motto — “If its Goya, it has to be good” — still looms large in its president’s mind.
The fate of three would-be power plants and nearly 2,000 megawatts of new generation capacity in the state was thrown into question last week after a federal regulatory body backed changes many said could hinder a controversial state subsidy program.
The first of more lucrative job-retention packages are starting to win Economic Development Authority approval following Honeywell International’s successful bid last year to extend the length and value of grants in one of EDA’s key incentive programs.
After years of wrangling with physicians, Horizon Blue Cross Blue Shield of New Jersey is charting a new course with Robert A. Marino, who intends to have the company battle runaway health care spending by collaborating with doctors and rewarding them for delivering care that emphasizes prevention and wellness.
The Meadowlands appears to have the edge over Newark as the possible new home for the world’s largest wholesale produce market and its 3,000 employees, sources said.
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