REGULATIONS

Following in the footsteps of Jersey Fresh, lawmakers introduced a proposed “NJ-Made” or “New Jersey Made” logo which in-state manufacturers could use to promote their products. Under Assembly Bill 3692, the New Jersey Department of State would be required to put together guidelines for the logo, including eligibility for manufacturers, producers and other such businesses. … Read more at NJ Biz.

 

HEALTHCARE

Procter & Gamble Completes $4 Billion Acquisition

Procter & Gamble Co. has completed the $4 billion acquisition of the Consumer Health business of Merck KGaA, Darmstadt, Germany. The deal, which was first announced in April, closed on Friday and includes the addition of thousands of employees along with a variety of over-the-counter products to relieve muscle, joint and back pain along with colds and headaches and support physical activity and mobility with annual revenue of $2 billion. … Read more at the New York Business Journal.

 

DEVELOPMENT

NY Department of Buildings Approves Extell’s Upper West Side Tower Plans

Last year, Snøhetta revealed its designs for Extell’s Upper West Side tower at 50 West 66th Street, which were met by opposition from some local residents, along with City Councilmember Helen Rosenthal. The argument was that the proposed 775-foot-tall tower was “out of context” for the neighborhood and City Council land use staff believed that zoning code does not permit a project this tall at the location where the building will rise. … Read more at Curbed New York.

 

STARTUPS

NY Startup Connects Boutique Owners with Italian Clothing Manufacturers

Amid what seems like unlimited choices, a key way for retailers to stand out is to try to offer products no one else has. For a small boutique, that could be exclusive access to a bespoke clothing line, say, but creating and manufacturing one is typically cost-prohibitive except for the largest of retailers. Enter MakersValley. The New York-based startup has developed a Web platform to connect individual businesses with clothing manufacturers based in Italy at inventory numbers far below what is typically required of these kinds of orders. … Read more at Xconomy.