An additional $121.9 million will be provided through the Weatheriza- tion Assistance Program to improve energy efficiency in low-income housing units - an investment that will help to create some 9,140 jobs in the state, according to WAP and the Democratic Policy Committee. Among the energy savings programs under consideration is NJGreen, which would support solar projects through a rebate, a federal investment tax credit and the value of the electricity that the solar power system generates.
T H I S W E E K Biz Around the State Charity cases Nearly 240 earmarks could total more After-school program tries to than $200 million for the Garden State. keep kids’ spirits high amid Page 2 serious cuts in funding Trenton and donations. Page 19 NONPROFIT SPOTLIGHT ® A L L B U S I N E S S ◆ ALL NEW JERSEY $2.00 MARCH 9, 2009 www.njbiz.com Green thumbs-up for energy COBRA law The Division of Consumer Affairs holds businesses accountable, but some say mandates are too strict. The economy could impede increased green energy investment in the state puts bite on small Page 8 BY EVELYN LEE The state is estimated to ing projects in renewable energy, NEW JERSEY’S GREEN energy receive some $17.4 billion from the energy efficiency and alternative Real Estate advocates are applauding President $787 billion American fuels, according to the Barack Obama’s newly signed stim- ulus plan, which they say will help clean energy and energy efficiency Recovery and Reinvest- Inside ment Act, according to the • A push to create Washington, D.C.-based green jobs in New million will be provided Jersey. Page 6 state Board of Public Util- ities. An additional $121.9 businesses businesses expand and create jobs. think tank Center for through the Weatheriza- Owners worried about But some also are concerned that American Progress. About tion Assistance Program the recession could make it difficult $90 million of federal stimulus to improve energy efficiency in upfront premium costs for businesses to grow, even with money will go toward the State low-income housing units — BY BETH FITZGERALD the help of stimulus dollars. Energy Program for energy sav- ➤➤ See GREEN on page 4 Russo Development plans summer EMPLOYERS ARE now scrambling to groundbreaking for Kearny project. implement a history-making health Page 10 care benefit: the 65 percent federal subsidy of COBRA, the federal law that Finance lets ex-employees remain on the com- Companies without a built-in business plan could face long-term problems. pany health plan for up to 18 months Page 12 after losing their jobs. The COBRA subsidy took effect Economic Heartbeat March 1, but detailed regulations Page 14 aren’t expected from the U.S Depart- ment of Labor until March 18. Marketing Tips “So the impact on employers is Steven J. Dundas Page 15 mass confusion, and patience is the Ed Seliga, of Advanced Solar Products, at Montgomery High order of the day,” said Jim O’Connor, a Opinion School’s solar panel installation. partner in the Manasquan benefits Our Point of View: New Jersey citizens consulting firm Egan,Amato & O’Con- would be better s
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