AGP Executive Report
Last update: 6 hours agoFood Manufacturing: Private equity firm Stride Consumer Partners acquired Clio, whose New Jersey plant expects to produce more than 150 million Greek yogurt bars this year. The brand has more than quadrupled revenue since 2021 and sells in about 60,000 stores. Rail Infrastructure: NJ Transit riders face five weeks of weekday schedule changes as crews complete the Portal North Bridge cutover. Many Midtown Direct trains will divert to Hoboken, while work reduces service on the Northeast Corridor. Newark Airport: American Express expanded its planned Terminal A Centurion Lounge to more than 30,000 square feet, making it the largest in its network when it opens in 2027. Maritime Technology: Monroe-based Ocean Power Technologies’ compact solar-and-wind PowerBuoy was selected for a U.S. government operational evaluation; the selection is not a contract award. Housing: New Jersey had one of the nation’s lowest renter mobility rates in 2024, at 15.5%, according to Census data.
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