The New Jersey Institute of Technology is creating the School of Applied Engineering and Technology within the university’s Newark College of Engineering, it announced Tuesday. Designed to meet spiraling demand in the job market for applied engineering technologists in industries reliant upon production, manufacturing, process control and instrumentation, the new school will emphasize internships, co-ops and apprenticeships within private industry and government, according to NJIT. Read more at NJ Biz.
Voters Approve $500 Million State Loan for Schools
New Jersey voters on Tuesday approved a proposal to borrow $500 million to expand vocational schools and bolster security across K-12 school districts, according to projections from the Associated Press. Voters were asked whether they support the Securing Our Children’s Future Act, a $500 million bond measure that also includes funding for county colleges and improving water systems in K-12 schools. It was the only statewide ballot question. Read more at NJ.com.
What Changes to Expect in Transportation Sector
Business Insider Intelligence, Business Insider’s premium research service, has forecasted the future of the changing transportation ecosystem in the Transportation & Logistics Forecast Book 2018, including big shifts in e-commerce, autonomous vehicles and on-demand mobility. Read more at Business Insider.
RESIDENTIAL REAL ESTATE
Cornerstone at Hauppauge Projects Gets $20 Million Financing
Terwilliger & Bartone Properties has secured $20 million in construction financing from M&T Bank for its new rental complex in Hauppauge. The $30 million project, on which construction began in September, will bring 98 apartments to a 9-acre site on Joshua’s Path just off Motor Parkway. Read more at Long Island Business News.