NJ Chamber President Tom Bracken on the gubernatorial election: 'The stakes couldn't be higher. So get informed, and vote.'
The NJ Chamber does not endorse candidates, but we encourage our members – and everyone in NJ – to be informed voters. Before you head to the polls, take the time to review where the candidates – Mikie Sherrill and Jack Ciattarelli – stand on the issues that matter most to our state’s competitiveness: job creation, tax policy, workforce development, infrastructure and regulatory reform. We also invite you to read the N.J. Chamber’s 2025 Priorities for Growth and Stability – a policy roadmap we shared with the candidates. This report outlines practical steps to build a stronger, more competitive, and more inclusive economy. See Tom's article guest article. (BINJE)
Paramount is coming to Bayonne – as anchor tenant of 1888 Studios
In what appears to be a big win for N.J. in its efforts to become a major player in film and TV production, Paramount announced Tuesday that it signed a 10-year lease for more than 285,000 square feet at the yet-to-be-built 1888 Studios in Bayonne. Currently under development by Togus Urban Renewal, 1888 Studios is set to become one of the nation's largest campus-style production facilities. The 58-acre facility will offer over 1.1 million square feet of production space spanning 23 smart sound stages. Paramount, a Skydance Corporation, gives the studio an anchor tenant. It also gives New Jersey another big player in the industry, joining Netflix, which is building a studio at Fort Monmouth, and Lionsgate, which is building a studio in Newark. (BINJE)
The Fed is expected to approve another rate cut Wednesday
The easy part for the Federal Reserve on Wednesday will be announcing a widely anticipated interest rate cut when it wraps up its two-day policy meeting. The hard part will be taking care of other challenging details. Markets are assigning a nearly 100% probability that the Federal Open Market Committee will approve a second consecutive quarter percentage point, or 25 basis point, reduction in the federal funds rate. The overnight lending benchmark is currently targeted between 4%-4.25%. Beyond that, policymakers are likely to debate, among other things, the future path of reductions and the challenges posed by a lack of economic data. (CNBC)
Nov. 6: Trailblazer Impact Honors Reception
African American Chamber of NJ is partnering with NJ Chamber of Commerce to honor 8 firms for commitment to diversity
The African American Chamber of Commerce of New Jersey and the New Jersey Chamber of Commerce will jointly recognize eight New Jersey organizations next week that have demonstrated exceptional leadership and measurable commitment to diversity, equity and inclusion. The third annual Trailblazer Impact Honors Reception will take place on Nov. 6, from 5 p.m. to 8:30 p.m. at Pines Manor in Edison. The event will bring together business leaders, policy makers, and community advocates to celebrate the honorees’ dedication. (BINJE)
Want a more diverse board? Here are five ways to help you get there.
A Seat at the Table, the biennial report from Executive Women of New Jersey that tracks the representation of women on corporate boards, was released recently. It found that women make up 35% or more of the boards of 24 of the state’s 82 eligible companies. That’s a big increase from the first report in 2013, when only 16% reached that number. Further, women made up 50% or more of the board at four companies (Hain Celestial Group, Barnes & Noble, Organon and Co. and Kenvue). The report did more than offer numbers; it offered a roadmap for companies that want to increase board diversity. (BINJE)
Vote in the 2025 Elections
A 2025 New Jersey voter guide
Get a look at the governor’s race, a race for one unexpired state Senate seat and the races for all 80 Assembly seats. Read the guide here. (NJ Spotlight News)
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