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Economic Impact

Business
East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal
East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal Dockworkers and port companies have come to a tentative agreement on a new six-year deal, avoiding another work stoppage that would cause major shipping disruptions along the East Coast. The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) announced the tentative agreement in a joint news release at night on Wednesday, Jan. 8. The deal aimed to avoid another potential strike on Wednesday, Jan. 15. The ILA and USMX agreed to extend the current master contract until ILA representatives can convene for a ratification vote and USMX members can final…

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by Chris Spiker
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