Economy
The project America cannot afford to delay: Why the Hudson Tunnel stands as the most important infrastructure effort in the United States
The Northeast depends on a reliable rail link. The new Hudson Tunnel means resilience for the region’s economy and daily commutes.
Economy
Central Jersey municipalities to receive millions from state for road projects [my central jersey]
Municipalities rely upon federal and state funding to maintain their roads.
Climate Resilience
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.
Economy
PJM Files proposal with FERC to Update Capacity Auction Rules [ROI-NJ]
"The PJM joint proposal seeks to strike a reasonable balance between wholesale cost and the need to produce auction results that will attract investment in generation required for future grid reliability."
Business
PSEG encourages Governor-elect Sherrill to prioritize in-state power generation [NorthJersey.com]
"If we want a reliable, affordable, and secure energy future that truly puts New Jersey first, we need to plan and build it here, and we need to start now. PSEG is ready to do its part." - Ralph LaRossa, PSEG chair, president, and CEO
Economic Development
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."
Public Policy
What is FRA contract review? …and why it’s slowing the Gateway Project
The Gateway Tunnel hit a slowdown, and it's not underground. Federal contract reviews and DBE rule changes are holding up funding. Here’s how paperwork is stalling a $16B project.
Economy
Gateway tunnel project moves ahead despite federal funding freeze [NJ BIZ]
Work on the Gateway Tunnel continues even as federal funding uncertainty lingers. The $16B project will add nine miles of new passenger rail connecting NJ and NY through a two-tube tunnel beneath the Hudson River.
Economy
Murphy signs off on gas pipeline [NJ Spotlight]
"New Jersey signed off on the project, called the Northeast Supply Enhancement Project, hours after New York authorities issued its permit — the final two steps needed for work to commence."
Economic Development
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.
Economy
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.
Data Centers
Data centers turn to commercial aircraft jet engines bolted onto trailers as AI power crunch bites — cast-off turbines generate up to 48 MW...
"...this is the first time they’ve appeared in any meaningful way at data center sites. That speaks volumes about just how tight power supplies in the U.S. have become."
Economy
Second phase of Netflix’s $900M studio wins approval in Eatontown [Two River Times]
“The Eatontown Planning Board’s approval of the next phase of Netflix Studios Fort Monmouth marks a significant step forward in our efforts to bring world-class film and television production to New Jersey.”
Economy
New Jersey’s Path to Energy Independence – A Technology Review
With electricity rates rising year after year and the state’s increasing reliance upon importing energy from the PJM grid in the spotlight, the public conversation has shifted towards how New Jersey can bring electricity rates back down and be in control of its future by becoming energy independent.
Data Centers
Ask AI-“Who is responsible for NJ energy price increases?”
We ask AI why NJ energy prices are increasing, and to list sources.
Economy
U.S. State Leaders Hustle to Fast Track Solar and Wind Projects Before Federal Credits Expire
"For renewable energy developments, the tax credits have brought project costs down 30-50%, said Mike O’Boyle, acting policy team director with Energy Innovation, a nonpartisan climate and energy think tank."