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Issues & Info
The Somerset County Business Partnership
(SCBP) is committed to providing assistance
for your businesses growth.
We understand that needs of each business are
unique, and we seek to provide you with a
customized level of service. Therefore, we
encourage you to
contact our
Economic Development staff for
a confidential discussion
via email
or at (908) 218-4300 x25.
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ISSUES & INFO
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First Energy Export Trade Mission:
FirstEnergy’s Economic Development
Department will be leading an export
trade mission to Chile and Brazil during
the week of September 22, 2008 with
stops made in Santiago, Chile and Sao
Paulo, Brazil. FirstEnergy customers can
receive financial and expert assistance
to participate in this trip. If your
company has interest in traveling with
FirstEnergy, complete
this form and fax it to (610)
921-6526 by the end of the business day,
July 11, 2008.
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Business Recycling:
Due to the recent passage of the
“Recycling Enhancement Act”, New Jersey
business should anticipate an increase
in recycling enforcement efforts at a
local level. The Recycling Enhancement
Act will provide funds to counties and
municipalities for recycling program
implementation, including enforcement of
recycling ordinances, as well as the
requirement that counties update their
recycling plans to include specific
recycling enforcement strategies.
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Incentives for Higher Density
Development?
The Smart Housing for Economic
Prosperity (SHEP) task force, organized
by New Jersey Future, is proposing that
the State of New Jersey offer
municipalities incentives for higher
density development. The proposed
program would provide municipalities
with three specific financial
incentives: planning and visioning
grants; financial payments for new
housing units zoned; and financial
payments for new housing units built.
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NJ Falls 5 Places in Technology Index
In the updated 2008 edition of the
Milken Institute’s State Technology and
Science Index New Jersey fell five spots
to an overall ranking of 12th. The
report takes inventory of the technology
and science assets that can be leveraged
to promote economic development in each
state. The overall ranking is comprised
of five composite indexes, Research and
Development Inputs, Risk Capital and
Entrepreneurial Infrastructure, Human
Capital Investment, Technology and
Science Work Force, and Technology
Concentration and Dynamism. New Jersey
lost ground in all five composite
indexes; Human Capital Investment was
the largest change with New Jersey
falling nine spots.
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Unemployment Insurance Fund
Appropriation:
Governor Corzine signed into
law, S-1698(Buono, T.
Kean)/A-2801(Greenwald, Milam). This
legislation prevents an automatic $350
million payroll tax increase on
employers, adding $260 million to the
Unemployment Insurance fund, so it can
continue to pay claims. Payroll taxes
would have automatically increased by 15
percent on July 1st if this legislation
was not signed into law.
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Returning Combat Veterans
Any Operation Enduring Freedom or
Operation Iraqi Freedom Veteran is
eligible to apply for the Veterans
Individual and Business Grants. The
grants provide relief for a range of
veteran/family emergencies and business
assistance. Follow the links for a list
of
grant categories and a
grant application.
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Verizon Wireless to Acquire Alltel
Verizon Wireless has entered into an
agreement to acquire Alltel Corporation
in a cash merger. The companies are
targeting completion of the merger by
the end of the year which once completed
will make the merged companies the
largest U.S. wireless operator.
Together, Verizon Wireless and Alltel
will have 80.2 million subscribers,
surpassing AT&T’s 71.4 million customer
base.
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New Jersey
Energy Master Plan
Public hearings on the proposed New
Jersey Energy Master Plan have been
scheduled as follows:
- Thursday, July 10, 2008 – Board
of Public Utilities (BPU) office, 2
Gateway Center, Newark
- Thursday, July 17, 2008 – South
Jersey, at a location to be
announced
- Tuesday, July 22, 2008 – State
Department of Environmental
Protection, 1st floor hearing room,
401 East State Street, Trenton
Release of the final draft of the New
Jersey Energy Master Plan is scheduled
for the fall, 2008.
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