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Local focus, festival energizing Red Bank business community
In Red Bank, what’s old is new again: After almost a decade in other hands, the town’s annual summer festival is returning under its old moniker, RiverFest. The three-day festival, to be held June 3 to 5, is once again being put together by the Eastern Monmouth Area Chamber of Commerce after the Jersey Shore […]
Corner office Kelly Watson
For New Jersey business leaders who have not yet read Section 1502 of the Dodd-Frank Act, I would suggest putting it on their priority list. The act, which was created to protect consumers and investors, and to ensure the financial stability of U.S. markets, could have a profound effect on their businesses. Section 1502 includes […]
Atlantic City places bets on Web gaming
A South Jersey gaming research and consulting group has teamed up with a pair of British firms to get an inside edge on an industry the group hopes will one day boom in the United States — if the practice is legalized. Spectrum Gaming Group, in Atlantic City, last week announced the creation of Global […]
Tax collection gets updated estimate
Personal income tax revenue in New Jersey is running higher than estimated, but the state is bringing in less than expected in corporation business taxes, according to updates from the state treasurer and the nonpartisan Office of Legislative Services. Treasurer Andrew Sidamon-Eristoff announced during state budget hearings May 17 and 18 that income tax revenue […]
Pascack case may get input from top court
Two Bergen County hospitals last week asked the state Supreme Court to overturn an April appellate court ruling that barred the hospitals from appealing a decision by the state’s former heath commissioner that could help Hackensack University Medical Center reopen Pascack Valley Hospital, in Westwood. Valley Hospital, in Ridgewood, and Englewood Hospital and Medical Center, […]
Tioga, Union agree to deal on solar arrays
Solar panels will become a familiar site on government buildings in Union County over the next year, as Tioga Energy last week announced a deal to build 44 solar projects — totaling 3.4 megawatts of generation capacity — on local government properties. The projects are being built under a power-purchase agreement, whereby Tioga will own […]
Report N.J. must allocate more for repairs
New Jersey Department of Transportation’s fiscal 2012 capital budget could pose a threat to the state’s smart-growth programs and aging infrastructure, as a result of increased spending on new road construction and eliminating funding for transit-friendly development, according to an analysis released last week by the Tri-State Transportation Campaign, a New York-based policy and advoc[...]
N.J. ranks No. 22 in export adaptability
New Jersey ranks 22nd in the nation when it comes to adapting to the international export market, according to a study by The Center for Business and Economic Research at Indiana’s Ball State University’s Miller College of Business. Pennsylvania ranked 19th on the list, while New York was 41st. The study considered the ability of […]
Social media an effective strategy for tight marketing budgets
As tourism agencies deal with tight budgets, one increasingly popular way to reach an audience on the cheap is through interaction on social media platforms and tourism websites. Ed Dombroskas, executive director of Connecticut’s Eastern Region Tourism District, said his agency used social media, essentially for free, to exploit a growth area. “We know that […]
Relying on flexible, simple, low-cost campaigns
One of the region’s most iconic branding campaigns was actually designed to be a low-cost effort. The Greater Philadelphia Tourism and Marketing Corp.’s iconic “With Love, Philadelphia XOXO” campaign, which features snarky “hand-written” notes from “Philadelphia,” brought in $100 in tourism spending for every dollar spent on the campaign, according t[...]
Drawing more to the Garden State than just ratings
Grace Hanlon has a $9 million budget and a goal of besting last year’s mark of 67.7 million tourist visits to the Garden State. Hanlon, executive director of the New Jersey Division of Travel and Tourism, plans to spend nearly one-third of that budget — $2.8 million — on the department’s spring marketing campaign. “The […]
Our Point of View Drooling over the windfall
It was happy news last week as the state’s Office of Legislative Services announced it expects the state to collect hundreds of millions of dollars in additional revenue thanks to an unexpected increase in income tax revenue. And it was downright joyful when leaders of both parties announced the need to apply every cent to […]
