Office Space
Crunching Numbers, On the Move and Breakdown
Crunching Numbers
$2.5 million
The amount New Jersey American Water is investing to help upgrade critical water infrastructure in Cherry Hill, replacing nearly a mile of aging water main along Kresson Road.
The amount New Jersey American Water is investing to help upgrade critical water infrastructure in Cherry Hill, replacing nearly a mile of aging water main along Kresson Road.
$35 billion
How much the New Jersey Hospital Association says the state’s hospitals generate annually according to its 2025 Economic Impact Report. The organization says New Jersey hospitals also provide nearly 162,000 health care jobs.
How much the New Jersey Hospital Association says the state’s hospitals generate annually according to its 2025 Economic Impact Report. The organization says New Jersey hospitals also provide nearly 162,000 health care jobs.
$350,000
The amount that the South Jersey Institute for Population Health has awarded to 12 research projects. Each research team consists of partners from Rowan University, Rutgers University – Camden and a community-based organization.
The amount that the South Jersey Institute for Population Health has awarded to 12 research projects. Each research team consists of partners from Rowan University, Rutgers University – Camden and a community-based organization.
247
The estimated number of New Jersey jobs being cut by drugmaker Bristol Myers Squibb. The job cuts are expected to take place between May and December of this year.
$3 million
The grant amount that the Wetlands Institute in Cape May County received from New Jersey’s Regional Greenhouse Gas Initiative to restore marshes and protect coastal communities.
$16 million
The amount of federal funding announced by U.S. Reps Donald Norcross and Herb Conaway Jr. to help support key infrastructure, education, health care and public safety projects across South Jersey.
Breakdown
New Jersey Department of Labor and Workforce Development Introduces New Benefit Rates for 2026.
New Jersey Department of Labor and Workforce Development Introduces New Benefit Rates for 2026.
What Happened: The New Jersey Department of Labor and Workforce Development has introduced changes in the maximum benefits rates and taxable wages for Unemployment Insurance, Temporary Disability Insurance and Family Leave Insurance, as well as a change in the maximum Workers’ Compensation benefit rates for temporary disability, permanent total disability, permanent partial disability and dependency.
What It Means: The maximum weekly benefit rate for Unemployment Insurance claims will increase to $905, from $875. The maximum weekly benefit rate for each state plan Temporary Disability and Family Leave Insurance claims increase to $1,119, from $1,081; while the maximum weekly Workers’ Compensation benefit rate for temporary disability, permanent total disability and dependency rises to $1,199, from $1,159.
The taxable wage base for workers covered under the Unemployment Compensation Law increases to $44,800 in 2006 from $43,300 in 2025.
The taxable wage base for workers covered under the Temporary Disability Insurance and Family Leave Insurance programs increases to $171,100 in 2006 from $165,400 in 2025.
What’s Next: To qualify for Unemployment Insurance, Temporary Disability Insurance of Family Leave Insurance benefits in 2026, an applicant must earn at least $310 per week for 20 base weeks, or alternatively, in those situations where the individual has not established 20 base weeks in the base year period, earn at least $15,500. Benefit eligibility criteria for 2026 are computed based on the state minimum wage in effect as of Oct. 1, 2025, when the minimum wage in the state was $15.49 per hour for most employees. (On Jan. 1, 2026, the minimum wage increased to $15.92).
On the Move
Jane Asselta was recently named president and chief executive officer of The Food Bank of South Jersey, taking over for Fred Wasiak who retired at the end of 2025.
Duly Noted
Hyland Levin Shapiro announced the appointment of Mark D. Shapiro as co-managing partner of the firm, alongside current managing partner Benjamin A. Levin. The firm also appointed Lauren A. Beetle as administrative and personnel partner. The firm has also hired Susan Patterson as its firm administrator.
Inspira Health announced a new shared-decision making structure to help bolster the organization’s “systemness.” As a result, Lydia Stockman will serve as executive vice president and chief clinical officer; John Saffioti will serve as senior vice president, operations; April M. Venable will serve as senior vice president and chief strategy officer; and Ruth K. Bash, senior vice president and chief experience officer, will oversee human resources, marketing and communications
Lori Herndon, the former president and CEO of AtlantiCare, will serve as chair of the Stockton University Foundation Board of Directors. Herndon, a 1992 graduate of Stockton’s Nursing program, has been on the Foundation Board of Directors since 2005, is a member of the William J. Hughes Center for Public Policy board and was part of the search committee that selected Joe Bertolino as Stockton’s sixth president. Herndon also serves as a mentor for current undergraduate students as a member of the Stockton Foundation’s Women’s Leadership Council.
Published (and copyrighted) in South Jersey Biz, Volume 16, Issue 3 (March 2026).
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