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$18.5M Aerospace Innovation Center Planned Near Atlantic City International Airport $18.5M Aerospace Innovation Center Planned Near Atlantic City International Airport
$18.5M Aerospace Innovation Center Planned Near Atlantic City International Airport A new facility near the Atlantic City International Airport focusing on aerospace innovation will be the first of its kind in New Jersey, officials said. The $18.5 million Aerospace Innovation Center (AIC) will be built in the National Aerospace Research & Technology Park (NARTP) in Egg Harbor Township, Gov. Phil Murphy announced in a news release on Tuesday, June 11. It will be the state's fifth strategic innovation center and the first dedicated to aerospace. The AIC will have space for aerospace research, high-speed connectivity with the data systems and labo…

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by Chris Spiker
News
Film Studio Part Of $1 Billion NJ Waterfront Project Will Be Funded By $4.7M Grant Film Studio Part Of $1 Billion NJ Waterfront Project Will Be Funded By $4.7M Grant
Film Studio Part Of $1 Billion NJ Waterfront Project Will Be Funded By $4.7M Grant A movie production studio in Carteret got a financial boost from New Jersey through a $4.7 million state grant. It's part of a $1 billion, 10-acre redevelopment project, according to Carteret Mayor Daniel J. Reiman. The project includes a 1.2 million-square-foot movie production studio complex called "Carteret Stages." Five grants totaling $9.5 million were awarded throughout the state as part of the New Jersey Economic Development Authority's Film and Digital Media Studio Infrastructure Program. Nearly half of the state funds went to Carteret to build public access to a former brownfield …

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by Jon Craig
News
New Details Released On $20M Upgrade For Atlantic City's Boardwalk New Details Released On $20M Upgrade For Atlantic City's Boardwalk
New Details Released On $20M Upgrade For Atlantic City's Boardwalk The most iconic part of Atlantic City is getting tens of millions of dollars in upgrades. But many millions more are needed to fully repair the Atlantic City Boardwalk. The city held a news conference on Tuesday, Mar. 12 to discuss the next steps in the major undertaking to fix up the boardwalk. Atlantic City and Asbury Park got the largest shares of the $100 million from the state's Boardwalk Preservation Fund. Each city will receive $20 million to make vital improvements to their boardwalks. The media event was also an opportunity to show off the work already being done on the board…

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by Chris Spiker
News
Indoor Sports Complex Approved As Latest Addition To Cape May Airport Indoor Sports Complex Approved As Latest Addition To Cape May Airport
Indoor Sports Complex Approved As Latest Addition To Cape May Airport A large indoor sports complex is coming to Cape May County, featuring year-round space for sports like soccer and lacrosse. The commission for the Delaware River and Bay Authority (DRBA) unanimously approved a resolution to enter a lease agreement with Aviation Sports Complex LLC. The DRBA announced the agreement on Tuesday, Jan. 30.  The developer is planning to build an 80,000-square-foot domed facility at Cape May Airport. Aviation Sports will pay the DRBA an annual rent of $0.25 per square foot, which would be $20,000 per year. The Aviation Sports Complex at Cape May wil…

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by Chris Spiker
News
Lionsgate Production Studio Expected To Bring 600 Jobs To NJ's Largest City Lionsgate Production Studio Expected To Bring 600 Jobs To NJ's Largest City
Lionsgate Production Studio Expected To Bring 600 Jobs To NJ's Largest City The largest city in New Jersey is about to get some major movie attention and it's going to need a big crew to keep it afloat.  Newark Mayor Ras J. Baraka and Governor Phil Murphy recently announced that Lionsgate will be opening a brand new 12-acre TV and film complex in Newark, worth more than $125 million. The facility will be the first "purpose-built studio" in New Jersey to cater specifically for TV and film production, according to a release from Mayor Baraka. The studio is also expected to create more than 600 new jobs with priority going to Newark residents.  “Bringing a project o…

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by David Cifarelli
Business
New Chick-fil-A Coming To South Jersey New Chick-fil-A Coming To South Jersey
New Chick-fil-A Coming To South Jersey A popular fast-food chicken chain is expanding to a new South Jersey location. Cinnaminson township authorized an agreement last week with Delco Development LLC to build a new Chick-fil-A restaurant on Route 130 South. "Our economic development team has been actively pursuing Chick-fil-A for some time and we are fortunate to have found an outstanding partner in Delco Development so we can pursue this economic development initiative," Committeeman Ryan Horner, liaison to the township economic development committee, said in a statement. The fast food restaurant will be built  between a …

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by Jon Craig