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 […]
Jersey City Business and Economics
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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 […]
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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 […]
Posted inBusiness
From Bayonne Boxes to Doughnuts, People are Talking About Jersey City
If attention is good, then Jersey City has done well in recent weeks. From bayonne boxes to doughnuts, this city’s getting some ink.
Posted inBusiness
Employment in Jersey City Bounces Back Strongly Post Pandemic
According to a new study, employment in Jersey City has made a strong comeback following a big uptick during the Covid-19 pandemic.
Posted inBusiness, Downtown, Latest News, News
Upscale Cannabis Comes to Jersey City
If all goes according to schedule, a high-end cannabis dispensary will open next spring on a rowdy section of Christopher Columbus Drive downtown.
Posted inBusiness
Landmark Celebrates a Milestone and Pushes Ahead with the Albion Hotel
With restaurants and hotels throughout New Jersey and Pennsylvania, Frank Cretella already had reason to celebrate. But reaching Landmark Hospitality’s 20th year in Jersey City seemed like a special milestone worthy of a party. And party he did. On August 24, friends, family, staff and local dignitaries, including Senator Sandra Cunningham, Former New Jersey Governor […]
Posted inBusiness
Cannabis is Raising Millions in Tax Revenue for New Jersey
New Jersey raked in $4.6 million in tax revenue in the first 10 weeks since recreational cannabis sales launched.
Posted inBusiness
Trouble in Paradise
A troubled “CBD Outlet” on the Newark Avenue Pedestrian Mall that has highlighted the difficulty of balancing marijuana legalization and quality of life has been shuttered by authorities over building code violations.