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April 22, 2024

Today's Highlights

Gov. Phil Murphy Visits Hollywood to Promote New Jersey Production Tax Credits: ‘Our Incentives Are as Competitive as Any in the World’ 

Gov. Phil Murphy has made TV and film a top priority for New Jersey ever since he took the helm of the Garden State in 2018. This week, Murphy made a West Coast swing to talk artificial intelligence with firms in the Bay Area and to talk new business with studios in Hollywood. Murphy’s targeted courtship has helped spark a building boom across New Jersey for soundstages and production facilities. Here Murphy discusses the impact of the state’s production tax incentive program and why he sees Georgia as a bigger rival for luring productions than neighboring New York. (Variety)

The U.S. Dollar Is Strengthening. Here’s What’s Driving the Rally and What It Means for Americans

The mighty U.S. dollar flexed some muscle last week in a positive sign for Americans’ purchasing power. The U.S. dollar index, which measures the currency’s strength against six of its peers, closed Tuesday at 106.26, its highest level since early November. The US economy’s remarkable strength is a big reason behind the dollar’s rally over the past week. (CNN)

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NJEDA To Hold Info Session for $20M Emerging Developers Pilot

The New Jersey Economic Development Authority (NJEDA) will hold an in-person information session this week for the newly established Emerging Developers Grant pilot program. The April 23 information session will take place from 6-8 p.m. at Stockton University’s Atlantic City campus. (NJBIZ)

New Jersey Small Business Manual Available Through the New Jersey Business Action Center

New Jersey small businesses can now receive a small business manual to get information and guidance on establishing, maintaining and expanding a small business. The manual is available through the New Jersey Business Action Center, which is housed in the Department of State. (NJBAC)

Cornerstone NJ Member News

Cross River Continues To Lead Industry in Impact, Delivers to Underserved Communities

Known for its values-driven business model, Cross River breaks down barriers for individuals and communities through its responsible and innovative offerings, financial inclusion initiatives and extraordinary foundation. The Fort Lee-based financial institution recently presented its Annual Social Responsibility Impact Report, showcasing its community impact, giving and philanthropic activities. (ROI-NJ)

Cornerstone NJ is a membership program of the New Jersey Chamber of Commerce. 

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Do business with fellow N.J. Chamber members — you can find them in our online directory.

Business Events

May 20 – N.J. Chamber Annual Golf Outing

Bedens Brook Club, Skillman

The outing features 18 holes of golf, as well as networking at our pre-golf lunch reception and post-golf banquet, where awards are handed out. Registration and information

N.J. Chamber Business Roundtable Series

May 22 – A Conversation with Diane Gutierrez-Scaccetti

The National Conference Center at the Holiday Inn of East Windsor, 8 a.m. to 10 a.m. Network with fellow attendees, then participate in a candid discussion and Q&A with Gov. Murphy’s Chief of Staff, Diane Gutierrez-Scaccetti. Breakfast is included.

Registration and information

N.J. Chamber Foundation Event

June 3 – 'Jobs for America's Graduates NJ' Fundraiser at Hudson Farm

Hudson Farm, Andover, 8:30 a.m. to 4 p.m.

This clay shooting competition on 3,800 acres of scenic farmland supports 'Jobs for America's Graduates New Jersey,' a N.J. Chamber Foundation program that changes lives by helping young people build skills and prepare for success in education, employment and life.

Registration and information

June 13 – NJ Chamber Open House and Reception

New Jersey State Museum, Trenton

Dec. 10 – Annual Member Holiday Party Networking Event

Calandra's Italian Village, Caldwell 5 p.m. to 8 p.m. Free to members

Were you forwarded this newsletter? For more information about the N.J. Chamber, email Patrick.Daily@njchamber.com.

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The New Jersey Chamber of Commerce is staying on top the issues important to business. For news media requests, please email Scott Goldstein.

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