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Office Space
Crunching Numbers, Breakdown, Duly Noted and On the Move.

by Staff

Crunching Numbers


90,000
The estimated number of graduates who matriculated from New Jersey’s colleges this year.

$115,000
The amount The Cooper Foundation raised last month for its Center for LGBTQ+ Health in Collingswood during a grand opening attended by more than 125 supporters.

$427
Thomas Edison State University’s in-state tuition cost per credit, a rate it will begin extending to Pennsylvania residents beginning with August’s registration.

$40,000
The amount of a New Jersey Audubon grant recently awarded to the local nonprofit Save the Environment of Moorestown.

141
How many acres of Gloucester County land were recently permanently protected, thanks to a joint purchase by the South Jersey Land and Water Trust and the New Jersey Conservation Foundation.

$75,000
What the Associated Builders and Contractors New Jersey Chapter’s Apprenticeship Education & Training Fund recently received through a Truist Foundation grant award supporting opportunities and careers across the construction industry.

Fifth
Where New Jersey ranks for states with the highest unemployment rates in May. The Garden State was tied with Kentucky, according to data released by the U.S. Bureau of Labor Statistics.

$56.7 billion
The latest New Jersey state budget, as the fiscal year 2025 Appropriations Act was signed into law June 28.

 

Breakdown


A new program intends to keep New Jersey residents’ tax dollars in-state.

What Happened: The New Jersey Economic Development Authority (NJEDA) board has approved the creation of a program incentivizing companies’ return to The Garden State.

What It Means: The $35 million New Jersey Reassigning In-State Employees (NJ RISE) Program will provide grants intended to help not only firms relocate their New Jersey-resident employees back to a stateside location but also redirect tax revenue to the state by ensuring that residents’ income taxes stay here. The pilot program will provide grants to businesses principally located out of state to locally reassign their New Jersey residents currently working out of state, utilizing the “convenience of employer” income taxation rule to work in a New Jersey location.

What’s Next: “New Jersey residents deserve to have their income taxes support projects in their communities, as opposed to funding another state’s coffers,” said NJEDA CEO Tim Sullivan. “The NJ RISE program will not only help incentivize companies to reassign their New Jersey employees back to their home state, but it will also increase economic activity and continue our efforts to grow a stronger and fairer economy.”

 

On the Move


Early last month, it was announced that David P. Skand has joined Hyland Levin Shapiro LLP as counsel with a focus on representing businesses in commercial disputes.

Melissa Orsen, senior vice president of South Jersey Industries and president of South Jersey Industries Utilities, has been named chair of the New Jersey Utilities Association, making her the first woman to hold the position in the association’s 109-year history.

Capehart Scatchard announced on June 6 that Lindsay S. Romeo, Esq., had joined its school law department as an associate in the Mount Laurel office.

The state is poised to benefit from the expertise offered by a trio of professionals with South Jersey ties. Jacquelyn A. Suárez, who earned her juris doctor from Rutgers School of Law in Camden, has been named commissioner of The New Jersey Department of Community Affairs. Meanwhile, Gov. Phil Murphy has nominated Lumberton resident Colonel Yvonne L. Mays as acting Adjutant General and Commissioner of Military and Veterans Affairs, effective July 1; pending Senate confirmation, Col. Mays would be the first Black woman to hold the position. The governor has also nominated John Jay Hoffman, a Marlton resident, to serve on the New Jersey Supreme Court.

 

Duly Noted


Megan Knowlton Balne, a partner at Hyland Levin Shapiro LLP, was recently installed as president of the Burlington County Bar Association.

On June 26, Homeworks Trenton co-founder and executive director Natalie Tung was honored by Princeton Mercer Regional Chamber of Commerce as one of its three Women of Achievement.

Accounting firm Bowman & Company announced last month that two Rutgers University students are its most recent scholarship recipients: Antonette Almendras received the 2024 Lisa A. Donahue Scholarship Award while John Zerillo, who’s also an intern at Bowman & Company, was awarded a scholarship given in conjunction with the New Jersey Society of Certified Public Accountants, which honors the memory of retired firm partner John F. “Jack” Dailey.

Swedesboro-based Wedgewood, the nation’s largest veterinary compounding pharmacy and provider of online pharmacy services, recently announced that Marcy Bliss will retire from her role as chief executive officer.