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Biz in Brief
Business news from around South Jersey.

by Julie Shannon

Cooper University Health Care will increase its minimum wage to $15 an hour, the first health system in the state to do so for full-time, part-time and per diem employees. It will go into effect Jan. 1.

GoBrands Inc., which operates the GoPuff service, is seeking a $39 million tax break for a 300,000-square-foot facility on Route 322 in Glassboro and Harrison, according to the state Economic Development Authority. GoPuff delivers goods found in convenience stores such as snacks, drinks, household items, toiletries and other everyday essentials. It delivers to over 40 markets in 21 states.

The Virtua Center for HealthFitness in Washington Township will close at the end of this year and could mean as many as 125 jobs eliminated. Virtua has additional HealthFitness facilities in Moorestown and Voorhees.

Inspira recently unveiled a $34 million expansion to its Vineland hospital—two floors that total about 56,000 square feet.

New Jersey’s unemployment rate edged lower by 0.1 percentage point to 4.1 percent for the month of October.

CompleteCare has added outpatient addiction services to its locations in Cumberland and Gloucester counties.

OceanFirst Financial Corp. has agreed to acquire Capital Bank of New Jersey for $80 million. The deal is expected to close in the first quarter of 2019. The companies will likely consolidate branches where they overlap with OceanFirst Bank branches.

Moorestown Ecumenical Neighborhood Development (MEND) and Conifer Realty LLC recently broke ground on a new, income-restricted rental community in Cinnaminson. The $12.9 million project at the former site of the Cinnaminson Home is slated to be completed by next fall.

DraftKings Sportsbook at Resorts Casino Hotel in Atlantic City is slated to open this month. The sports betting facility is the first location in New Jersey and will feature five windows and 12 kiosks for live, in-game betting.

Cooper University Health Care and Advanced Recovery Systems announced a partnership to provide addiction recovery services. They are building a $27 million, 90-bed treatment center on Cuthbert Boulevard in Cherry Hill at the site of the former Baker Bowling Lanes that is scheduled for completion by late 2019. The center will offer evidence-based addiction treatment services, wellness programs and recreational areas for patients, including a yoga room, indoor basketball and volleyball courts, and a workout gym.

Skechers shoe store is opening a location at The Willow Ridge Plaza in Marlton where Famous Footwear used to operate.

Humana Inc. is expanding the health plan choices for Medicare beneficiaries in New Jersey by offering Humana Medicare Advantage plan offerings in the state for the first time. Residents of six New Jersey counties, including Burlington, Camden and Gloucester, can select from the 2019 plans during this year’s Medicare Advantage and Prescription Drug Plan Annual Election Period.

Rowan University, Rutgers University-Camden, Camden County College, the Camden City School District and over 15 community programs have launched the Camden College Access Network—an initiative to connect Camden students and their families to post-secondary educational resources with the goal to make higher education a reality for more Camden residents.

The New Jersey Department of Labor and Workforce Development announced a $1 million notice of grant opportunity to provide greater employment opportunities for females entering the construction trades. The grant is funded by the New Jersey Builders Utilization Initiative for Labor Diversity fund and is estimated to produce four grant awards to be funded at approximately $250,000 each. The grant is expected to be for a 12-month period beginning on Jan. 1.

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Published (and copyrighted) in South Jersey Biz, V
olume 8, Issue 11 (November 2018).

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