New Jersey City University has promoted its executive vice president, 37-year-old Andres Acebo, to interim president, its third leader in less than one year and the youngest person ever to preside over a public university in New Jersey, according to a campus spokesman. Appointed by NJCU’s board to a two-year term, Acebo assumes the presidency […]
Jersey City Business and Economics
Posted inBusiness
Friends of Loew’s Guardedly Optimistic on Negotiations with City and Operator
In its year-end message, the Friends of the Loew’s has struck a guardedly optimistic note on its ongoing negotiations with Jersey City and the theatre’s designated operator, Devils Arena Entertainment. At the same time, the not-for-profit group that saved the landmark baroque/rococo theater from the wrecking ball is raising concerns about some aspects of the […]
Posted inLatest News
Hoboken Lands on List of Top Ten Most Unaffordable U.S. Cities
If you think Jersey City is expensive, our next door neighbor is worse. According to the financial website GOBankingRates.com, Hoboken has earned a place on a list of the top ten most unaffordable cities in the U.S. It is the only non-California city on the list. In what might be cause for a little Jersey […]
Posted inEducation
Faculty Layoffs Loom at NJCU as it Looks to ‘Rightsize’ to Survive
Financially challenged New Jersey City University has taken another step toward “rightsizing” by sending notices of potential layoffs to 30 tenured faculty whose jobs may be eliminated as of June 28, 2023. About 200 tenured professors are currently on campus. In a post on its website this week, NJCU said it will also end contracts with “up […]
Posted inLatest News
Local Car Dealership Caught Violating Consumer Protection Laws
New Jersey Attorney General Matthew J. Platkin and the Division of Consumer Affairs have announced a settlement with a Jersey City-based car dealership accused of violating consumer protection laws. According to the announcement, Fleet Lease Network, Inc., has agreed to an $8,777.00 settlement to resolve an investigation into allegations that it engaged in deceptive advertising […]
Posted inEducation
Coding Bootcamp “Campus” Opening in Jersey City
Tech Elevator, a company that offers in-person and online computer technology courses, will be opening a downtown Jersey City “campus” in January 2023 where students taking its coding bootcamps can work on group assignments and meet with the company’s career counselors. No instructors will be at the location, which offers open and enclosed meeting rooms, whiteboards, even […]
Posted inLatest News
JCMUA Provides Update on Replacing Lead Water Lines
The Jersey City Municipal Utilities Authority updated the City Council on Nov. 22 on its plan to replace 16,000 water lines in Jersey City that are lined with or made of lead. In February the utility had announced plans to replace approximately 1,000 of the lines per year. That work has begun, according to JCMUA executive director Joseph […]
Posted inLatest News
Turnpike Authority Adds $6 Billion to Estimate to Expand Exits 14–14C
The New Jersey Turnpike Authority has revised its cost estimate from $4.7 billion to $10.7 billion for widening I-78 from exits 14 to 14C. The estimate, which includes the cost of replacing the Newark Bay Bridge at exit 14, further infuriated mass transit advocates who opposed the project when it was first announced by the […]
Posted inLatest News
Jersey City Welcomes Beit Shemesh, in Israel, as ‘Sister City’
Jersey City has signed a “sister city” agreement with Beit Shemesh, in Israel. Such an arrangement, which the city says “has been in development for many months,”often leads to some type of trade agreement or arrangement that benefits both cities. “A lasting bridge is being built by this new partnership that will enhance key relationships […]
Posted inBusiness
WSJ: Jersey City Based Cryptocurrency Lender Preparing Bankruptcy Filing
The Wall Street Journal is reporting that a Jersey City based cryptocurrency lender is “preparing a potential bankruptcy filing.” According to the Journal, BlockFi Inc. has halted withdrawals of customer deposits and its sources have acknowledged that the company has “significant exposure” to bankrupt exchange FTX. Sources told the Journal that BlockFi is planning to […]