NJBIA’s government affairs team takes a look at some recently released numbers on adjusted gross income and gross domestic product and how they relate to the regional competitiveness of New Jersey.
New Jersey’s real GDP growth made a major turnaround in the third quarter of 2019, expanding 2.3% from Q2, according to data released this morning by the U.S. Bureau of Economic Analysis (BEA). According to NJBIA Director of Economic Policy Research Nicole Sandelier, New Jersey’s growth rate led the region in Q3 after falling behind […]
Super Saturday continues to be the biggest shopping day of the year with an estimated 147.8 million U.S. consumers expected to participate, up from 134.3 million last year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “While many people started holiday shopping early, those who waited […]
Despite a relatively successful 2019, New Jersey businesses are showing a decidedly more concerned outlook and conservative approach for 2020, according to NJBIA’s 61st Annual Business Outlook Survey released today. Reflecting on 2019, member businesses reported gains in sales, profits and purchases for the year – although at lower rates than in 2018. Looking ahead, more […]
By Michael Kerwin President and CEO, Somerset County Business Partnership In any discussion about the hotbeds for discovery and innovation in the United States — in fact, around the world — New Jersey is always high on the list. As home to 20 members of the Fortune 500, the Garden State has the talent, infrastructure, […]