The U.S. Department of Labor today issued an Information Letter under the Employee Retirement Income Security Act (ERISA) concerning private equity investments as a component of a professionally managed asset allocation fund offered as an investment option for participants in defined contribution plans. On May 19, 2020, President Trump issued Regulatory Relief to Support Economic […]
NJBIA News & Opinion
The communications staff at the New Jersey Business & Industry Association provides daily news about issues that affect the business community. You can browse our articles or receive them direct to your inbox by signing up for our daily e-news service, New Jersey Business Today. In addition, members receive our award-winning monthly magazine, New Jersey Business.
The Federal Reserve Bank is preparing to relaunch a Great Recession-era program designed to loosen credit markets for businesses by providing incentives to investors. The $100 billion Term Asset-Backed Securities Loan Facility (TALF) will launch June 17, according to an article in CFODive.com. The goal is to encourage lenders to provide business loans by making it […]
How do you maintain job productivity in the work-from-home world of COVID-19 where your children are also competing for your time and attention because their day cares and schools are also closed? That was the question members of NJBIA’s Women Business Leaders Council explored during their virtual meeting Tuesday in a discussion about strategies for […]
Economic activity in the manufacturing sector contracted in May, and the overall economy returned to expansion after one month of contraction, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued June 1 by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: “The May PMI® registered […]
The impact of the coronavirus pandemic and government’s response to it will drop the nation’s real gross domestic product (GDP) by $15.7 trillion by 2030, according to the latest projections from the Congressional Budget Office (CBO). The new projection is 5.3% lower than its pre-coronavirus analysis released in January. CBO is also predicting that the […]