05/10/18-NJ Transit approves contracts with outside vendors

NJ Transit approves contracts with outside vendors

May 10, 2018 | NJBIZ.com

NJ Transit directors voted Wednesday, May 09, 2018 to approve a $42.6 million contract with a Hoboken-based company Hillside to operate the Hudson County Local Bus Service from July 1 to June 25, 2021.The directors also voted to approve three other contracts regarding service: a $10.5 million contract with Baltimore-based Coach and Equipment Bus Sales to buy 146 minibuses; a $19.9 million contract with Waldwick-based DMR Construction Services to build the Hoboken Terminal House Power Repair project; and a $7.2 million contract with Bensalem, Pa.-based Bombardier Transit Corp. to overhaul 116-line converter modules. NJSEED is skeptical of NJ Transit continuing to contract out services. Although NJ SEED is a staunch supporter of private-public partnerships, NJ Transit must create a long term plan rather than sporadic multi-year contract deals for certain services.

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05/09/18- Developer: American Dream Meadowlands 60 percent built

Developer: American Dream Meadowlands 60 percent built

May 09, 2018 | NJBIZ.com

The American Dream Meadowlands project is progressing at a daily construction cost of about $3 million according to Tony Armlin, vice president for development construction at Triple Five Worldwide. American Dream Meadowlands is projected to generate $148 million of new income yearly and will create over 16,000 jobs through its retail and entertainment facets. NJSEED believes the American Dream Meadowlands project will become a world renowned tourist destination for New Jersey and will bring many economic benefits to the North Jersey region.

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05/08/18-Economic growth at Atlantic City airport taking off

Economic growth at Atlantic City airport taking off

May 08, 2018 | NJBIZ.com

Legislation is moving to create an economic growth zone around the Atlantic City International Airport. Any business which sets up shop within the “aviation district”, which is within one mile of the airport  and the Federal Aviation Administration William J. Hughes Technical Center, would be eligible for lucrative tax incentives to help alleviate business costs. The bill, which cleared the Assembly Commerce and Economic Development Committee on Monday, May 07, 2018 by an 8-1 vote, would implement a Garden State Growth Zone around the airport. NJSEED supports this legislation and believes it will help alleviate some of the costs that prevent businesses from “taking off” around the Atlantic City International Airport.  

 

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05/08/18- Former Governor Jim Florio attends NJSEED Meeting

NJSEED welcomed former Governor Jim Florio at our quarterly meeting on May 023, 2018 at the Trenton Country Club.  NJSEED was pleased to welcome Gov. Florio who discussed his soon to be released book,  Standing on Principle,and for signing copies for NJSEED members.   Having been forced to postpone two previous meeting due to snow, we were glad the weather cooperated for this event! We hope to see many NJSEED members at the upcoming Federal Issues Briefing and Meetings with NJ Members of Congress on May 22-23, 2018.

05/07/18-Time is ripe to strike on infrastructure projects

Time is ripe to strike on infrastructure projects

May 07, 2018 | Mycentraljersey.com

The importance of infrastructure to the economy and the national well-being and economic competitiveness is clear and well known. There is strong and growing bipartisan agreement that infrastructure is an issue that must be tackled now. However, the funding needed to address aging and obsolete infrastructure, as well as improvements to provide adequate mobility for people and goods, far outstrips funding available at the federal, state and local levels.NJSEED will continue to advocate for New Jersey and the Federal Government to invest in our depleted infrastructure.

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