This afternoon, Governor Phil Murphy and New Jersey Legislative Leaders reached a deal that, if approved by the full legislature and signed into law by the Governor, will, over a period of five (5) years, raise the minimum wage rate in New Jersey to $15 per hour for most businesses (reaching $15 per hour in 2024).
On November 9, 2018, the New Jersey Economic Development Authority ("NJEDA") provided an outline of several new enhancements to its existing lending programs for small businesses in New Jersey. In particular, the NJEDA announced changes to its "Premier Lender Program" and its small business lending programs, as well as the implementation of the new "Access Program."
Aging infrastructure, rising sea levels, polluted stormwater runoff, and the impact of more intense weather events have created an urgent need for New Jersey to address its stormwater infrastructure.
Governor Murphy commits to investing in people, ecosystems, physical spaces and more in the State of New Jersey.
Public Finance Shareholder Jeffrey Winitsky explains the newly adopted amendments to Rule 15c2-12 of the U.S. Securities and Exchange Commission Act of 1934 that effect reporting requirements for municipal bond issuers.
A recent change in the law now allows for all types of affordable housing development projects to get credits and reductions for sewer and water connection fees. Shareholder Jeffrey Winitsky explains.
Our attorneys share an update on the Qualified Opportunity Zone program which was recently announced.
Jeff Winitsky, Mariel Giletto and Adam Chelminiak of our public finance and corporate departments explain the Qualified Opportunity Zone program born from the Tax Cuts and Jobs Act.
On January 15, 2018, Governor Chris Christie signed into law certain amendments (2016-17 S3305) to the Grow New Jersey Assistance Act ("GrowNJ") and the New Jersey Corporate Business Tax Act that should have a positive impact for participants in the GrowNJ program.
On January 10, 2017, the Securities and Exchange Commission ("SEC") announced that the Port Authority of New York and New Jersey ("Port Authority") agreed to admit wrongdoing and pay a $400,000 penalty to settle charges related to the failure of the Port Authority to disclose to investors certain risks associated with road projects undertaken and financed by the Authority in violation of the Securities and Exchange Act of 1933 ("Securities Act of 1933").