Economic Development
New Jersey nuclear plant reveals plans to become first major U.S. producer of critical medical isotope
New Jersey’s Salem nuclear plant is preparing to produce a critical isotope used to sterilize billions of medical devices. The project could supply at least half of U.S. demand while reducing the nation’s dependence on a small network of foreign producers.
Economic Development
Infrastructure Update – week of May 18, 2026
This Week in Policy, Energy Infrastructure & Transportation
Economic Development
Infrastructure Update – Week of May 4, 2026
Welcome to the first infrastructure update, a weekly newsletter highlighting infrastructure news in New Jersey and neighboring states.
Economic Development
Cargo traffic rose at Port of NY and NJ in 2025 despite tariff uncertainty [ROI-NJ]
Cargo volume at the Port of NY & NJ rose in 2025 despite tariff uncertainty, up 2.3% from 2024 and marking the port’s third-busiest year on record.
Economic Development
North Brunswick Train Station plan advances to final design stage [BINJE]
The proposed North Brunswick Train Station is moving closer to construction. With 60% design approval secured, the project is entering the final engineering and design stage.
Economic Development
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.
Economic Development
New Jersey commercial real estate sales reach $1.5B, led by Middlesex and Morris [BINJE]
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.
Economic Development
The 10 largest projects awarded by the NJDOT in 2025
Where NJDOT spent its biggest dollars in 2025:
• 60% bridges
• 25% roads
• 10% traffic systems
• 6% climate resilience
A breakdown of the state’s 10 largest transportation projects.
Data Centers
$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.
Economic Development
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.
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."
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.