Big changes are in motion across New Jersey, and they’re shaping everything from how we commute to how we build, invest, and lead. In a week packed with milestone announcements, the state reaffirmed its status as a national leader in economic stability, transportation innovation, and business development. Whether you’re riding a bus into Manhattan, managing a business in Central Jersey, or tracking the state’s financial health—there’s something here for you.
🚧 $10 Billion Midtown Bus Terminal Project Officially Breaks Ground
History was made this week as the long-anticipated Midtown Bus Terminal Replacement Project officially broke ground in Manhattan. This $10 billion effort—driven by the Port Authority of New York and New Jersey—is more than just a facelift for the 75-year-old terminal. It’s a transformational investment in the daily commute for hundreds of thousands of New Jerseyans.
What’s Coming:
- A brand-new main terminal designed for 2040–2050 transit needs
- A net-zero emissions facility ready to support electric bus fleets
- A dedicated staging and storage building
- Direct new ramps into and out of the Lincoln Tunnel
- A bold redesign of 41st Street into public open space and green space
- A central atrium, more street-facing retail, and a commuter-first design
But this project isn’t just about structure—it’s about people. The terminal overhaul is expected to create 6,000 good-paying union construction jobs while reducing congestion, improving air quality, and breathing new life into a neglected stretch of Manhattan.
Gov. Phil Murphy put it best:
“This project will improve the lives of hundreds of thousands of daily commuters between New Jersey and New York.”
Meanwhile, New York Gov. Kathy Hochul emphasized the community impact, highlighting how the terminal redesign will uplift the surrounding neighborhood while delivering a modern experience millions of commuters can be proud of.
Curious how this project impacts New Jersey commuters and economic development? Explore more here.
💰 Morris County Hits Financial Gold Standard for 50th Straight Year
While massive construction projects take shape, Morris County quietly reached a financial milestone few other counties in America can claim—its 50th consecutive year with a AAA bond rating from both Moody’s Investor Services and S&P Global Ratings.
Why It Matters:
- AAA credit ratings reflect unmatched fiscal discipline and economic strength
- Morris County enjoys a resident income 152% higher than the U.S. median
- Full property value per capita is around $250,000
- The county boasts healthy reserves exceeding 30% of expenditures for 2024
This isn’t just a badge of honor—it’s a win for taxpayers. A top-tier credit rating means lower borrowing costs, smarter investments in infrastructure, parks, schools, and public safety—and it reflects a leadership team that plans for the long term.
Deborah Smith, Chair of the County Commissioners’ Budget Committee, summed it up:
“We continue to invest in the county’s future without placing unnecessary financial burdens on taxpayers.”
As federal agencies face downgrades, Morris County stands as a model of what forward-thinking, community-first financial management can look like. It’s not just surviving; it’s thriving.
☕️ NJBPU’s Business Breakfast Summit to Energize Central Jersey
Local business owners, take note. On Friday, June 6, the New Jersey Board of Public Utilities (NJBPU) will host its second Quarterly Business Breakfast Summit at The College of New Jersey in Ewing—and it’s shaping up to be a game-changing event.
This free summit brings together businesses, nonprofits, utilities, and government leaders to share resources, incentives, and real strategies for success in New Jersey’s clean energy economy.
What to Expect:
- Networking with top utility companies and public officials
- Information on cost-saving energy programs
- Keynote by Jim Hogle of RWJBarnabas Health
- Insights from PSE&G, Elizabethtown Gas, NJ Natural Gas, and more
Christine Guhl-Sadovy, President of the NJBPU, sees the summit as more than just a business mixer.
“These events empower businesses and organizations to take full advantage of available programs and resources to reduce costs, invest in their business, and drive New Jersey’s economy forward.”
Future summits are already scheduled for September (Southwest NJ) and December (Southeast NJ), so Central Jersey businesses won’t want to miss their hometown opportunity.
Need a better look at how state programs and partnerships are driving growth? Read more here.
🌀 Innovation Watch: Mainstream Fluid and Air Launches High-Tech Cooling Tower Fan Arrays
In the world of engineering and clean tech, Mainstream Fluid and Air just launched its revolutionary modular fan array system—designed specifically for retrofitting existing cooling towers in harsh environments. It’s another example of New Jersey-born ingenuity tackling infrastructure challenges head-on.
From cutting energy use to improving durability, Mainstream’s technology represents the state’s growing clean energy and industrial innovation ecosystem.
The Bottom Line
Whether it’s a $10 billion transportation hub reshaping how we move, a financially elite county showing the power of long-term planning, or local businesses being handed real tools for growth—New Jersey is in motion.
We’re building, leading, saving, and innovating—and the best part? We’re just getting started.
📍 Stay connected with the Garden State’s biggest headlines and opportunities. Explore more across politics, infrastructure, business, and beyond at ExploreNewJersey.org.
