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JJ gets two approvals
New Brunswick-based Johnson & Johnson ended the week with a double dose of good news. Two of the pharmaceutical giant’s subsidiaries received products approvals from the Food and Drug Administration. The first is a drug to treat HIV. The other is a vascular closure device for use in patients undergoing heart surgery. The HIV drug, […]
World Trade rebuild bigger than the bids
The $11 billion-plus landmark World Trade Center rebuilding project in lower Manhattan is driving work to more than 20 New Jersey construction and engineering firms. And while executives at those companies said they’re grateful for the revenues they’re getting from the assignments — especially in a tepid economy — more important could be the boost […]
Taking aim at job creation as Ft. Monmouth closes
As Fort Monmouth’s closure approaches, the authority charged with redeveloping the U.S. Army base is aiming to bring new employers — and jobs — back to the site as early as this year. “The focus is on jobs,” said Bruce Steadman, executive director of the Fort Monmouth Economic Revitalization Authority. “We’re trying to create an […]
HINJ will return to New Brunswick roots
The HealthCare Institute of New Jersey announced last week it will relocate to New Brunswick late next month. The institute’s communications director, Ernest Landante Jr., said the chief reason for the move is that HINJ is sub-leasing its space on Somerset Corporate Drive, in Bridgewater, and the lease is expiring. Landante said the new […]
Mixed report on N.J.’s transportation dollars
New Jersey spent an estimated $5.1 billion on transportation in fiscal year 2010, but met mixed results when it came to identifying goals and taking other steps to choose cost-effective transportation funding and policy options, according to the Pew Center on the States, an organization that considers solutions to issues facing states. “New Jersey fares […]
Warm reception for hospital chiller upgrade
The University of Medicine and Dentistry of New Jersey has a new, 2,700-ton chiller, thanks to PSE&G’s hospital energy-efficiency program. The chiller, which will provide water for drinking and medical services throughout UMDNJ’s 5 million-square-foot facility, was installed last week, replacing a 40-year-old model. Under the Board of Public Utilities-approved program, PSE&G pa[...]
Small firms often put life insurance on the back burner
Life insurance is an important component of business planning, but some experts said it can easily slip under the radar of small and midsized business owners. “We have ‘key man’ insurance on each partner at the firm,” said Thomas M. Dempsey, a partner at Randolph-based Mills & DeFilippis CPAs LLC. “We have established buyout values […]
Dotting i’s, crossing t’s before selling a business
Business owners planning to fund their retirement by selling their companies may be in for unpleasant surprises, unless they address some critical issues early on, according to some experts. Most of Marc Blumenthal’s clients build their businesses in order to sell or pass them to family members, said the principal with Clifton-based CPA firm Sax, […]
NJBIZ Opinion Poll
Responders to the most recent NJBIZ poll were split in their opinion as to what the American Dream makeover will mean for the Meadowlands megamall project once known as Xanadu, with the most popular responses nearly split in labeling the redevelopment a waste or exciting. And just as Gov. Chris Christie wasn’t shy in calling […]
Corner office Ron Rickles
The generation of people born between 1982 and 1995 — sometimes called Generation Y — often is tagged as a self-entitled group raised during prosperous economic times, placed on pedestals by their doting baby boomer parents. In the context of the workplace, they often are viewed by their managers as overly ambitious dreamers who do […]
Editorial Quit stalling on energy master plan
At this point, the only document more sought than New Jersey’s energy master plan revisions is the post-execution photo of Osama bin Laden. It’s alarming that a governor who’s campaigned on and bullied from a pro-business platform has not pushed the issue of completing and publicizing updates to the plan, which shapes one of New […]
Focus on exports lends color to sales figures
Exports are fueling the growth of the small Kearny dye manufacturer Spectra Colors, which does business in 30 countries by taking full advantage of help the U.S. government provides to small businesses seeking buyers overseas. Sales have risen 10 percent a year for the past three years, to about $10 million, said President Luis B. […]
