AGP Executive Report
Last update: 5 hours agoRetail Expansion: Inserra Supermarkets opened an 85,000-square-foot ShopRite in Jersey City, replacing its smaller Metro Plaza store and adding a major grocery anchor to the Hudson Exchange development. Krispy Kreme also plans 33 locations across the New York metro area over five years, including New Jersey. Banking and Security: Kearny Bank launched a team focused on nonprofits and independent schools, while Summit Access & Security acquired Jersey City’s family-run Monaco Lock Company, expanding its New Jersey footprint. Power and Data Centers: New Jersey remains under a regional grid emergency order amid warm-weather demand and planned outages. FERC rejected PJM’s proposed framework that could have curtailed new large electricity users, including data centers, during shortages. Industrial Investment: New Jersey Community Capital is backing Lassonde’s planned $195 million manufacturing plant, a major addition to the state’s investment pipeline.
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