Economy Plan
Everyone covers Phil Murphy’s speech on his plan, or something, for the economy, in which he proposed a $500 million venture capital fund, to replace the tax-incentive programs which are up for renewal next year.
Murphy’s plan also emphasizes things like clean energy and STEM and college tuition.
Apparently we’ve dropped from fifth to fifteenth in venture capital inflows since 2007.
You can read the plan here. Over-under on the number of times the word “innovation” appears? It’s a 60 page document.
Dead Heat?
Everybody also covers the latest poll from Stockton showing Bob Menendez in a dead-heat with Bob Hugin for U.S. Senate. Bob’s an incumbent who was charged with corruption. Other Bob’s a pharma exec with a “vast personal fortune” millions of which he’s poured into this race. Great job all around.
$15
Amazon’s raising its minimum wage to $15 for all U.S. employees, effective next month. As of June, the company had (reportedly) 16,000 employees in New Jersey in Carteret, Cranbury, Edison, Florence, Logan and Robbinsville. They also had plans for new centers in West Deptford and Burlington.
For more feats of journalism from across the region, see below:
442 acres of N.J. cranberry farm preserved; will open to public but close to ATVs–More than 440 acres of a New Jersey Pinelands cranberry farm dating to the Civil War will be preserved and open to the public but closed to off-road vehicles to help protect waterways and wildlife. www2.philly.com
NEW PUSH TO TARGET LOW-INCOME COMMUNITIES FOR SOLAR PROJECTS–At least half of a new community solar program will be targeted to low- and moderate-income populations that have been largely left out of the huge growth in renewable energy over the past decade. www.njspotlight.com
Hard Rock replaces Atlantic City president after 3 months–The Florida-based company said Monday night that it is replacing Matt Harkness with Joe Lupo, a former Borgata executive who joined Hard Rock a few years ago. www.nj.com
Ventnor Fire Department receives personal fire safety system grant–VENTNOR – Every member of the Ventnor City Fire Department will be getting new personal escape harnesses courtesy of a $25,472 grant from the Joey D Foundation. www.downbeach.com