Trump administration says it is freezing $18B in federal funding to NYC Infrastructure, including Hudson Tunnel Project
The Trump administration announced Wednesday that it is freezing roughly $18 billion in federal funding for New York City infrastructure projects – hours after a government shutdown began – citing concerns over the use of diversity, equity, and inclusion (DEI) principles in project planning and execution. Russ Vought, director of the Office of Management and Budget, disclosed the action on X.com. He later clarified that the projects affected include the Hudson Tunnel Project, which is aimed at repairing and expanding a key rail link under the Hudson River, and the Second Avenue Subway. OMB officials did not provide a detailed legal analysis or timeline for the release of the funds. (Yahoo! News)
Federal government shutdown begins, with no easy exit in sight
The federal government started shutting down early Wednesday after Congress failed to approve a funding bill before the beginning of the new fiscal year – resulting in widespread ramifications for hundreds of programs. The U.S. Senate was unable to advance two short-term government funding bills Tuesday when Democrats and Republicans deadlocked for the second time this month, with just hours to go before the midnight Tuesday shutdown deadline. (New Jersey Monitor)
Government shutdown 2025: A guide to what’s still open, what’s closed and what’s fuzzy
While Social Security checks, mail and student loan bills will still be delivered, food inspectors, park rangers and millions of other federal workers in Washington and across the nation are still set to suffer financial hardship. Here's what to expect. (POLITICO)
Fox News Poll: Democrat Sherrill leads New Jersey governor’s race
A Fox News survey of New Jersey voters finds Democrat Mikie Sherrill ahead of Republican Jack Ciattarelli by 8 percentage points among likely voters (50-42%) and 7 points among the larger sample of registered voters (48-41%) – both lead just outside the margin of sampling error. The candidates are vying for the seat being vacated by term-limited Gov. Phil Murphy, who beat Ciattarelli in the 2021 gubernatorial election by only about 3 points. (FOX NEWS)
BINJE’S Best: The ultimate networking event is coming in January
Great food, great venue – and great conversations: How else would you want to start the new year? On Jan. 13, 2026, BINJE will honor the top power players in business in the state with the ultimate networking event at the Heldrich Hotel in New Brunswick. The N.J. Chamber of Commerce will serve as the planner. More than 100 CEOs, principals, managing partners and executive directors will be recognized s the state prepares to inaugurate a new governor. (BINJE)
N.J. Chamber of Commerce Business Roundtable Series
Join us Oct. 21 for a discussion on the the state of transportation in NJ
Panelists from both the private sector and state government will share updates on approved and proposed projects, as well as funding from state and federal sources. The conversation will address key challenges and opportunities that businesses face as they navigate the future of moving people and goods across the Garden State. Join us Oct, 21 at 8 a.m. in East Windsor.
Netflix’s planned studio expected to bring massive payout for Eatontown
Eatontown could receive a $47 million payout under a tax agreement with Netflix. Eatontown Mayor Anthony Talerico announced Netflix applied for a Payment in Lieu of Taxes (PILOT), under which the borough would receive annual payments over the next 30 years. Netflix recently secured final planning approvals for its $900 million studio campus at the former Fort Monmouth Army base. The borough plans to review the tax agreement during an Oct. 8 council meeting. (NJ Spotlight News)
State awards $12M in tax credits for Newark project to convert historic St. Michael’s Hospital into housing
Ellavoz Impact Capital, a real estate developer, said Sept. 30 that it has been awarded $12 million in state tax credits for for its project to convert the historic St. Michael’s hospital buildings in Newark – vacant for more than two decades – into 42 residential housing apartments designed to meet the needs of professionals, health care workers, and university students who work in downtown Newark. (ROI-NJ)
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