Latest reporting from the Business desk.
Latest reporting from the Business desk.
Latest reporting from the Business desk.
Business
New Jersey employers announced 4,473 job cuts from June through August 2026, more than 2.5 times last summer's total, with Verizon, Novartis and other companies near Summit among those shedding workers.
Business
New Jersey American Water customers in Berkeley Heights will see new rates starting Tuesday, Sept. 15, but a $9.88 monthly PFAS settlement credit will more than offset the increase for eligible water customers over the next 12 months.
Business
Gina's Tennis World, a 43-year-old Berkeley Heights tennis club, celebrates the opening of its third court at 649 Springfield Ave. with a free grand opening event Sept. 12.
Business
Madison's 07940 ZIP code ranked 77th on Realtor.com's 2026 list of the nation's 99 hottest real estate markets, with a median listing price of $1,562,499 driven by tight inventory, well-capitalized buyers and direct rail access to New York City.
Business
The Chatham Borough Planning Board formalized its 5-0 approval of AJDM Chatham LLC's four-story, 100-unit rental building with ground-floor retail at 29-39 River Road at its Aug. 5 meeting, while also hearing applications for a multi-property South Passaic Avenue development and a Main Street commercial conversion.
Business
New Jersey finished 50th in business friendliness in CNBC's 2026 state rankings, with the state's 11.5% corporate tax rate and new regulatory costs adding pressure on employers including those along Summit's Springfield Avenue.
Business
Overlook Medical Center's Union Campus Emergency Department has earned its sixth consecutive ENA Lantern Award, making it the only ER in the world to win the designation in every cycle since the program began in 2011.
Business
The 2026 Union County Means Business Expo offers free admission and networking for business owners and entrepreneurs on Wednesday, September 9, at Kean University, with a $100 vendor table option and a September 1 registration deadline.
Business
New Jersey regulators voted Wednesday, July 15, 2026, to advance a $44.1 million proposed penalty against Jersey Central Power & Light for failing to meet reliability standards in 2022, 2023, and 2024, as Summit-area residents continue to experience frequent outages.
Business
Prestige Diner in New Providence extended its winning streak to seven years in NJ Monthly's readers' poll, with co-owner Harry Vardas crediting the loyal customer base that has kept the nearly 60-year-old Springfield Avenue institution thriving.
Business
PopUp Bagels, a fast-growing chain founded by Tenafly native Adam Goldberg, opened its first New Jersey location in Westfield on July 11 with 25 statewide locations planned.
Business
The Union Planning Board voted 8-2 on June 25 to approve a Raising Cane's restaurant at 2466 Route 22, replacing the former Union Plaza Diner, with a traffic study finding the project would add only about one car to the Springfield Road queue during peak hours.
Business
Developer K&K has sued the City of Summit for breach of contract after withdrawing from a $5.45 million deal to buy the former firehouse at 396 Broad St., alleging the city concealed a 2001 parking agreement with St. Teresa's Church and leaving the 1.5-acre downtown site's redevelopment future uncertain.
Business
Summit's Zoning Board of Adjustment cancelled its Monday, July 6, public hearing due to a live-streaming failure, postponing the Albion Summit hotel's rooftop expansion variance hearing and a residential resolution to Wednesday, September 23.
©2026 Summit Area News
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©2026 Summit Area News
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©2026 Summit Area News
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