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New Jersey’s real Gross Domestic Product (GDP)/Gross State Product (GSP) rose at a 6.4% annual rate in the second quarter, ranking the state 19th nationally despite a “somewhat lagging performance.”

The stopgap measure approved last week to avoid a government shutdown includes a provision to forgive at least $30 million in outstanding federal loans for New Jersey towns impacted by Superstorm Sandy nine years ago.

The massive reconciliation bill federal lawmakers are pondering would give New Jersey the highest corporate business tax (CBT) rate in the industrialized world, industry leaders say.

The New Jersey Department of Transportation (NJDOT) is looking to allocate $30.1 million in grants to help communities statewide improve roads and bridges with heavy truck traffic.

Personal income in New Jersey continues to lag behind the national average as government relief programs enacted amid the COVID-19 pandemic conclude.

New Jersey is giving financial technology company Fiserv a $109.2 million tax credit over seven years.