The business world is constantly evolving, and keeping up with the latest news is essential for staying ahead of the game. In this article, we will explore the top five must-read business news stories happening in Jersey this week.
1. New Jersey Governor Signs Bill to Legalize Recreational Marijuana
After years of debate and discussion, New Jersey Governor Phil Murphy signed a bill to legalize recreational marijuana on February 22, 2021, making New Jersey the 14th state in the US to do so. This move is expected to create new opportunities for businesses and entrepreneurs in the state, as they gear up to cash in on what is expected to be a multi-billion dollar industry.
2. Amazon to open new fulfillment center in New Jersey
E-commerce giant Amazon has announced plans to open a new fulfillment center in New Jersey, creating over 1,000 jobs in the process. The center, which will be located in Edison, will serve as a hub for the company’s growing e-commerce operations in the state.
3. New Jersey Small Business COVID-19 Relief Grant Program Now Accepting Applications
The New Jersey Economic Development Authority (NJEDA) has announced that it is now accepting applications for its Small Business COVID-19 Relief Grant Program. The program offers grants of up to $20,000 to small businesses that have been negatively impacted by the pandemic, providing much-needed financial relief to struggling businesses throughout the state.
4. Rutgers Launches New Center for Women in Business
Rutgers University has announced the launch of a new center dedicated to supporting women in business. The center, which will be housed at the Rutgers Business School in Newark, will provide resources and support to women entrepreneurs and business leaders, helping them to overcome unique challenges and achieve success in their career pursuits.
5. Camden-Based Company Raydiant Oximetry Raises $2.6 Million in Seed Funding Round
Camden-based medical device company Raydiant Oximetry has raised $2.6 million in a seed funding round, providing a significant boost to the company’s efforts to develop a new and innovative blood oxygen monitoring system. The technology, which has the potential to revolutionize the way healthcare professionals monitor patient vital signs, is currently in the early stages of development.
In conclusion, these are the top five must-read business news stories happening in Jersey this week. From the legalization of recreational marijuana to the launch of a new center for women in business, these stories provide valuable insights into the latest trends and developments in the New Jersey business landscape. By staying informed and up-to-date on these important issues, business owners and entrepreneurs can position themselves for success in a rapidly changing and increasingly competitive business environment.
