Business Report: Help wanted, Atlantic City convention business, new Lyndhurst train station, debt refinancing

Gov. Phil Murphy says he’ll have more to say about the continued reopening of the state on Monday. But the question is, Will businesses be able to find all the workers they need as restrictions are lifted? Many are struggling to fill open positions, according to Eileen Kean, state director of the NFIB. A recent national survey by the NFIB found a record high 42% of business owners reported job openings that could not be filled.

Atlantic City lawmakers and other leaders held a press conference to urge Murphy to allow for the resumption of trade shows and conventions. They say larger venues should be permitted to host more attendees, and can do so safely. They said if restrictions are kept in place, the city will lose events this summer and potentially next summer since conventions take months to plan.

The governor was in north Jersey Friday, attending the groundbreaking of a new NJ Transit station in Lyndhurst. It will replace the current station, which was built more than a century ago. The new station will cost about $31 million to build, with funding provided by the Federal Transit Administration.

The state refinanced some of its debt this week. The State Treasury Department refinanced bonds previously issued from the Transportation Trust Fund Authority, for a savings of nearly $400 million.

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