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Aug. 18, 2025

Today's Highlights

Op-Ed: Jersey-centric content on NJ PBS knits state together, creates more informed citizenry

Scott Koble, the chair of NJ PBS, expresses that the deepening and continuing effects of the broad-brush federal defunding and shutdown of the Corporation for Public Broadcasting, along with a sharply cut New Jersey state appropriation for operating expenses correcting diseconomies, are becoming clearer, as well as severely critical and worrisome. In-depth coverage of New Jersey is in jeopardy as well as an informed citizenry. (BINJE)

Casinos, online play fuel strong July in NJ

Total Gaming Revenue for casinos, racetracks, and their partners was $606.2 million for July 2025, reflecting 10.7% growth when compared to $547.8 million reported for July 2024. Year-to-date Total Gaming Revenue was $3.92 billion through July 2025, reflecting 8.8% growth when compared to $3.61 billion reported for the prior year-to-date period. Total Gross Revenue Taxes were $81.7 million for July 2025 and $446.1 million for the year-to-date through July 2025. (NJ Division of Gaming Enforcement)

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Rate filings show NJ health insurance plans are set to soar in 2026

Health insurers selling plans in New Jersey's Affordable Care Act market are proposing double-digit rate increases for 2026 because of rising health care costs and the expected end of federal subsidies, according to filings with the New Jersey Department of Banking and Insurance. The price hikes are the latest sign that health care inflation is returning to levels last seen before the Great Recession in 2008, forcing New Jersey residents to dig deeper to pay for health insurance. (Asbury Park Press)

Here’s what NJ’s latest economic data indicates

New Jersey appears to be heading into the final stretch of summer with at least some momentum. For starters, total employment in New Jersey grew by 7,500 last month. The income tax, which is a primary source of revenue for state government’s annual budget, was among the top performers. However, collections from another major source of — the corporation business tax — were off by more than 20% during July compared to the same month last year. That year-over-year decline in the monthly CBT collections came because of refunds exceeding growth in estimated payments. (NJ Spotlight News)

Cornerstone NJ Member News

Bank of America executive featured on Rider University podcast

Chris Dumont, Managing Director & Market Executive, Bank of America Private Bank in NJ, was featured on Rider University's Norm Brodsky College of Business "Off the Clock with Dean Kutcher" podcast, discussing wealth management. (Rider University)

Jefferson Cherry Hill Hospital uses AI to fight cancer

The Sidney Kimmel Comprehensive Cancer Center at Jefferson Cherry Hill Hospital has become the first oncology center in Southern New Jersey to implement a new treatment platform that harnesses adaptive therapy and artificial intelligence to target tumors with a precision that enhances effectiveness and reduces treatment-induced side effects. Jefferson Health, which employs 65,000, comprises 10 colleges and three schools offering 200+ undergraduate and graduate programs to more than 8,300 students. Jefferson Health is the largest health-care provider in the Philadelphia and Lehigh Valley areas. (ROI-NJ)

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

BUSINESS MADE EASIER

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

N.J. Chamber Business Roundtable Series

Sept. 9 – Breakfast with Assembly Majority Leader Greenwald

National Conference Center, East Windsor, 8 a.m. to 10 a.m.

Enjoy a networking opportunity with attendees over breakfast, and then hear from Majority Leader Greenwald. The presentation will be followed by Q&A.

More information and register

Sept. 10 – Young Professionals Networking Mixer

NJ Sharing Network, New Providence, 5:30 p.m. to 8 p.m.

More information and register

Sept. 18 – Women of Inspiration Awards Reception

National Conference Center, East Windsor, 5 p.m. to 8:30 p.m.

The New Jersey Chamber is honoring 12 women who have used talent and hard work to create economic opportunities and help make New Jersey a better place to live and work.

More information and register

Sept. 25 – Member Networking Breakfast (Free to members)

New Jersey Audubon, Bernardsville, 9 a.m. to 10:30 a.m.

Register

Oct. 6 – Young Professionals Networking Mixer 

Fiserv, Berkeley Heights , 5:30 p.m. to 8 p.m.

Basketball star and Hall of Famer Nancy Lieberman will be our guest speaker at this special event sponsored by the N.J. Chamber Young Professionals Network.

More information and Register

N.J. Chamber Business Roundtable Series

Oct. 21 – The State of Transportation

National Conference Center, East Windsor, 8 a.m. to 10 a.m.

More information coming soon

Oct. 22 – NJ Chamber Legislative & Business Awards Reception

EisnerAmper, Iselin, 5 p.m. to 8 p.m.

We will recognize state leaders and advocates who have demonstrated an unwavering commitment to supporting N.J.’s business community.

See honorees and register

Nov. 6 – DE&I Trailblazer Awards Reception

Co-Hosted by African American Chamber of NJ and NJ Chamber

Pines Manor, Edison, 5:30 p.m. to 8 p.m.

More information coming soon

N.J. Chamber Business Roundtable Series

Dec. 2 – The State of Higher Education & Workforce Development

National Conference Center, East Windsor, 8 a.m. to 10 a.m.

More information coming soon

Dec. 11 – Annual Member Holiday Party (Free to members)

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

More information coming soon

March 31 – April 1, 2026 – ReNew Jersey Business Summit & Expo

Harrah's Atlantic City

More information coming soon

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

N.J. Economic Development Authority

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New Jersey Business Action Center

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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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