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Economic Impact

News
Atlantic City Airshow Will Take Flight In 2024, Financial Uncertainty Lingers In The Air Atlantic City Airshow Will Take Flight In 2024, Financial Uncertainty Lingers In The Air
Atlantic City Airshow Will Take Flight In 2024, Financial Uncertainty Lingers In The Air Atlantic City's popular air show has been saved for 2024 but questions about the event's future are flying above its head. In a news conference on Wednesday, Mar. 20, Mayor Marty Small Sr. officially announced the South Jersey Transportation Authority (SJTA) will provide $300,000 to fund the 2024 Visit Atlantic City Airshow. The free event is scheduled for Tuesday, Aug. 13, and Wednesday, Aug. 14. Organizers said inflation and lingering COVID-19 pandemic impacts created doubts about the 2024 show as early as July 2023. A news release announcing the event's cancelation was drafted and could …

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by Chris Spiker
Schools
NJ University Generated $3B In Annual Revenue For State, Plans Continued Expansion: New Study NJ University Generated $3B In Annual Revenue For State, Plans Continued Expansion: New Study
NJ University Generated $3B In Annual Revenue For State, Plans Continued Expansion: New Study An independent study released this week calculates that Rowan University's annual economic impact is $2.9 billion statewide, up nearly double from less than five years ago, campus officials said. Projects such as Discovery Hall, the $46.7 million academic building that opened in 2021, support growth in the region and state, said the new study by Econsult Solutions Inc. (ESI) of Philadelphia. The Glassboro-based university is planning another $1.5 billion in expansion projects in the next decade, campus officials said. President Ali A. Houshmand, in a press statement, said: “Our e…

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by Jon Craig
Business
NJ Mayors Want Murphy To Reopen Indoor Malls, Shopping Centers NJ Mayors Want Murphy To Reopen Indoor Malls, Shopping Centers
NJ Mayors Want Murphy To Reopen Indoor Malls, Shopping Centers A group of New Jersey mayors have formed a coalition in hopes of persuading Gov. Phil Murphy to reopen indoor malls. Woodbridge Mayor John E. McCormac is helming the coalition of mayors, all of whom have large indoor mall and shopping centers in their municipalities.  All New Jersey malls and shopping centers closed on March 17 due to the coronavirus outbreak. On May 18, the state allowed non-essential retail stores to offer curbside pickup. As the state begins to enter stage two of the multi-phase reopening plan on June 15, Murphy has said stores in the mall with direct access …

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by Jon Craig
Business
Victoria's Secret, Bath & Body Permanently Closing Stores Nationwide Victoria's Secret, Bath & Body Permanently Closing Stores Nationwide
Victoria's Secret, Bath & Body Permanently Closing Stores Nationwide Victoria’s Secret will permanently close about 250 stores in the U.S. and Canada this year, parent company L Brands announced.  Ohio-based L Brands did not detail the closure locations, but there are 42 Victoria's Secret stores in New Jersey and 1,000 nationwide.  L Brands also announced that 51 Bath & Body Works stores in the U.S. and Canada will close this year. There are 10 Bath & Body stores in New Jersey and 1,635 stores nationwide. The popular retail chain joins others in announcing permanent store closures in recent weeks including J.Crew, Neiman Marcus, JC Pe…

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by Jon Craig
Business
2,704 Tropicana Atlantic City Employees Laid Off 2,704 Tropicana Atlantic City Employees Laid Off
2,704 Tropicana Atlantic City Employees Laid Off More than 2,700 employees were laid off from Tropicana Atlantic City with state-ordered casino closures extended another month, according to a WARN notice filed with the New Jersey Department of Labor and Workforce Development. Last Saturday, Eldorado Resorts -- which owns Tropicana -- moved to the minimum workforce necessary to maintain basic operations, according to an April 8 report to shareholders. New Jersey's nine casinos were ordered closed along with gyms, concert venues and movie theaters by Gov. Phil Murphy March 16 to help slow the spread of coronavirus. Atlantic City …

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by Cecilia Levine
Police & Fire
'We Take Care Of Our Own': Port Authority Police Give Back To NJ Rookie's Family Bakery 'We Take Care Of Our Own': Port Authority Police Give Back To NJ Rookie's Family Bakery
'We Take Care Of Our Own': Port Authority Police Give Back To NJ Rookie's Family Bakery Times have gotten tough amid the coronavirus pandemic for a popular Union County bakery owned by the family of a Port Authority police rookie. So her colleagues decided to do something about it. This is their story. HEROES: While on duty recently at the Port Authority Police Department command at LaGuardia Airport, Sgt. Brian Vitale learned that rookie PAPD Officer Jessica Vaccaro’s family business -- Vaccaro’s Bakery in Clark -- was facing closure, like many other small businesses currently struggling to survive the economic ravages of COVID-19. Not only was this the long-successful busin…

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by Lenis Rodrigues (PAPD)