May 23, 2011

Becoming the hunter

Elizabeth Mackay’s experience at the state Division of Consumer Affairs prepared her to serve as the lieutenant governor’s senior policy adviser for reviewing red tape and advocating for small businesses. But it was hardly the only plus on her resume, which also includes a four-year stint as a prosecutor, both at the state and federal […]

May 23, 2011

Expanding focus by assessing IT’s value

When CEO Robert J. Svec and his business partner, Alan Maltz, bought the assets of ComSci LLC in August 2005, the company concentrated on reducing businesses’ telecommunications costs. But the business partners reoriented ComSci by expanding its focus and channeling Svec’s inner accountant to sniff out inefficiencies across IT departments, helping chief information officers understand [...]

May 23, 2011

Portrait of the artist as an entrepreneur

Linda Townshend has been working as a professional illustrator and painter for 35 years, but she continues to seek new ways to adjust to the market and find clients. This became particularly true for Delran-based Townshend and other artists who have sole-proprietor businesses during the recent recession.“There are ups and downs in the market — […]

May 23, 2011

Teaching to tech-savvy generation

If it wasn’t for his 11-year-old daughter, Bill Zengel would have passed up an opportunity that led to him founding a company. What started as one course taught by Zengel and school administrator Richard Ginn, grew into Black Rocket Productions, which teaches kids how to do everything from create fashion programs to design robotics. “Children […]

May 20, 2011

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, […]

May 16, 2011

Bill would require notice for renewals

A bill passed by the Assembly on May 9 would require businesses to notify customers when a service contract is to be automatically renewed. The measure, A-3770, was sponsored by Assemblymen Daniel R. Benson (D-Hamilton Square) and Paul D. Moriarty (D-Turnersville) and approved by the Assembly by a 69-5 vote. “By requiring these terms to […]

May 16, 2011

Worth saving

When a CEO is installed at a company that’s looking to battle back from bankruptcy, the temptation sometimes is to throw out the company’s strategic direction and head in a wildly different direction. But after six months in the corner office, Fred Smagorinsky is sticking to his strategy of avoiding drastic changes in the way […]

May 16, 2011

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 […]

May 16, 2011

Tax reformer aims to flatten aid per pupil

State Sen. Michael J. Doherty (R-Washington) has proposed a sweeping property tax reform plan he said will benefit New Jersey businesses. Doherty, a potential U.S. Senate contender, said the plan would relieve the strain on businesses that own commercial property in the majority of towns that pay more into the system than they receive. Doherty […]

May 16, 2011

Developer buys back Parsippany property

SJP Properties announced last week it had bought back the first phase of Morris Corporate Center IV, a five-story, 350,000-square-foot Class A office property that the real estate developer originally built in 1999 as part of its 182-acre master-planned Morris Corporate Center campus in Parsippany. NJBIZ first reported in Grapevine on Jan. 31 that SJP […]

May 16, 2011

Cordis fined 19.5M for patent violations

Bridgewater-based Cordis Corp. was ordered to pay $19.5 million last week after a jury found the company willfully infringed on a heart stent patent owned by Massachusetts-based Boston Scientific Corp. Boston Scientific filed suit in 2009, claiming Cordis’ 2.25-millimeter Cypher stent infringed on the patent for Boston Scientific’s Jang stent. Last week, a jury in […]

May 16, 2011

Study Airport gives lift to South Jersey region

Atlantic City International Airport added more than 4,000 jobs, $138 million of wages and salaries, and $22.4 million in tax revenue, to South Jersey’s economy from 2007 through 2010, according to a study done by the Center for Regional and Business Research at Atlantic Cape Community College. Passenger traffic at the airport was up 31 […]