Sunday, March 8, 2026

Economy

Monmouth County Board of County Commissioners passes resolution authorizing use of Project Labor Agreements

On February 26, 2026, the Board of Monmouth County Commissioners has passed a resolution authorizing all Monmouth County departments to use Project Labor Agreements (PLAs) on public works projects whenever they advance...

Sherrill unveils budget plan centered on spending cuts and tax stability [BINJE]

Gov. Mikie Sherrill’s first budget proposal emphasizes no new taxes and spending cuts as New Jersey works to close a projected deficit.

Hoboken Connect project reshapes Hoboken Terminal area

The Hoboken Connect will be a new transit-centered district, combining historic restoration, new development and public open space at Hoboken Terminal.

Federal earmarks bring $23.8 M for roads, water quality and storm resilience in Monmouth County [TAPinto]

More than $23.8M in federal funding is headed to Monmouth County to support water quality, storm resilience and public safety infrastructure.

New Jersey commercial real estate sales reach $1.5B, led by Middlesex and Morris

Northern and central New Jersey saw about $1.5B in commercial real estate sales in late 2025, led by strong warehouse activity in Middlesex and Morris counties, along with office and retail deals.

NJBIA, Building, Labor Groups Urge Sherrill Administration to Reconsider DEP Land Use Rules [New Jersey Business]

"We strongly support efforts to improve climate resilience and environmental protection. However, these goals must be pursued in a manner that is economically sound, administratively efficient, and compatible with New Jersey’s urgent need for housing, investment, and job creation."

New Jersey Gives Municipalities New Construction Tool with Landmark PLA Expansion

"The bill received overwhelming bipartisan support in the Legislature — passing the General Assembly by a 63–10 vote and the Senate by a 35–4 margin — an uncommon show of unity in today’s political climate."

Homeowners may pay more to appeal property tax assessments in NJ [NJ Spotlight News]

New Jersey lawmakers are considering a plan to raise the fee homeowners must pay to challenge their property tax assessments with county tax boards. The filing fees haven’t been updated in decades, and under the legislation the cost to appeal could go up by roughly $50 for many residents.

Winter Storm Contact Directory

List of state, county, and utility emergency contacts

New Jersey tolls, transit fares and bike-share prices rising in 2026 [nj.com]

Transportation costs rising in 2026: New Jersey tolls, transit fares and bike share rates are increasing for drivers, riders and cyclists alike. Plan ahead for higher costs on toll roads and bike-share trips.

NEWS RELEASE: New Jersey Labor Unions Announce New Coalition Dedicated to Climate Action, Affordability, and Union Jobs

“When union labor leads, everyone succeeds. If New Jersey is serious about lowering energy bills and meeting skyrocketing demand, we must start building energy here, and we must start now,” said Greg Lalavee, Business Manager of Operating Engineers Local 825. “Through Climate Jobs New Jersey, we are laying out a simple plan: build energy here, store it here, and put New Jersey back in charge of its own energy future.”

$20M NJ AI Hub fund launched to boost state’s AI startups [NJBIZ]

NJEDA and CoreWeave have launched a $20M NJ AI Hub Fund to support AI startups tied to the NJ AI Hub and boost innovation and job growth statewide. 

PSEG readies electric grid for FIFA World Cup events [BINJE]

PSEG steps up to power the 2026 FIFA World Cup in New York-New Jersey. The World Cup is expected to place unprecedented demand on infrastructure. Reliable electricity will help keep the world’s biggest soccer tournament running smoothly.

34-Story Jersey City Tower to Replace Parking Lot with 360 Apartments, Including 90 Affordable Units [NJ.com]

A 34-story tower is set to replace a Jersey City parking lot with 360 apartments, including 90 affordable units. Another major step forward for transit-oriented growth in Journal Square.

NJBIA 67th Business Outlook Survey: Increased Energy Costs, Tariffs Further NJ’s Business Affordability Malaise [NJBIA]

"On a national level, tariffs, or the uncertainty around them, proved difficult for some. And on a statewide front, rampant energy cost increases also served as a strong and largely unexpected deterrent to profits."

The 5 Costliest Natural Disasters in New Jersey History

New Jersey has faced nature’s wrath time and again. These five storms alone caused more than $33 billion in damage, reshaping communities and infrastructure statewide.

Major battery maker leaving N.J. to bring 1,000 jobs to Pittsburgh in $352.9M move [NJ.com]

"The country’s largest manufacturer of zinc batteries is investing $352.9 million to relocate its headquarters from Middlesex County to a larger space in Allegheny County in Pennsylvania."

Paramount lease marks milestone in New Jersey’s studio infrastructure boom [NJ.com]

Big win for NJ: Paramount and Skydance sign a 10-year lease at Bayonne’s 1888 Studios — set to become the largest purpose-built film production campus in the Northeast.

100 Years of coastal defense: From bulkheads to beaches to new tools 

Beach replenishment is not just about erosion control and preserving a way of life; the Jersey Shore is a cornerstone of New Jersey’s economy.