Sign In
Free Newsletter
Gov.-elect Phil Murphy spent over twice as much as his opponent Lt. Gov. Kim Guadagno in his gubernatorial campaign, according to a report released by the New Jersey Election Law Enforcement Commission.Gov.-elect Phil Murphy spent over twice as much as his opponent Lt. Gov. Kim Guadagno in his gubernatorial campaign, according to a report released by the New Jersey Election Law Enforcement Commission.
Murphy’s campaign raised $14.7 million compared to Guadagno’s $5.7 million. The total cost of the election was estimated to be $79 million when combining money spent by candidates and independent funds.
The 2017 election is now the third-most expensive in New Jersey’s history. The 2009 election between Gov. Chris Christie and Gov. Jon Corzine was estimated to cost $80 million when adjusted for inflation, and the 2005 election between Corzine and Gov. Doug Forrester was estimated to cost over $111 million after adjusting for inflation, according to NJELEC.
A significant portion of Murphy’s campaign money came from independent funds. The 2017 election had the highest amount of independent capital funneled into it with a total of $24.5 million.
“The $24.5 million spent independently on the election not only sets a new record, but reflects the growing dominance of these groups in national and New Jersey election,” said Jeff Brindle, NJELEC’s executive director, in a statement.
Murphy received $9.3 million in public funds, the maximum amount available for candidates who prove their viability by raising money above a specific threshold, but the public money only amounted to 26 percent of Murphy’s overall campaign spending.
Tag: South Jersey
NJBIZ stories taking place in and involving South Jersey businesses, companies and business news.
Here are the most tax-friendly places for retirees in NJ, according to SmartAsset
SmartAsset, a financial technology company, released its third annual study on the most tax friendly places for retirees. A more focused look at residents in the Garden State revealed New Jersey’s tax system could be good – or bad, depending on your financial situation.
SmartAsset, a financial technology company, released its third annual study on the most tax friendly places for retirees. A more focused look at residents in the Garden State revealed New Jersey’s tax system could be good – or bad, depending on your financial situation.
According to SmartAsset, New Jersey’s income tax system is relatively friendly for retirees. New Jersey provides significant deductions for retirees with low- to moderately-high earnings, SmartAsset said.
The study ranks locations on a Retirement Tax Friendliness Index, which takes into account property, income, fuel, sales and Social Security Tax Data.
The table below are the Top 10 New Jersey cities for retirement tax friendliness:
10. Madison
Income Tax Paid: $5,412
Property Tax Rate: 1.51%
Sales Tax Paid: $1,073
Fuel Tax Paid: $314
Social Security Taxed? No.
Retirement Tax Friendliness Index: 56.99
9. Margate City
Income Tax Paid: $5,412
Property Tax Rate: 1.35%
Sales Tax Paid: $1,073
Fuel Tax Paid: 390$
Social Security Taxed? No.
Retirement Tax Friendliness Index: 57.22
8. Paramus
Income Tax Paid: $5,412
Property Tax Rate: 1.47%
Sales Tax Paid: $1,073
Fuel Tax Paid: $323
Social Security Taxed? No.
Retirement Tax Friendliness Index: 57.24
7. Florham Park
Income Tax Paid: $5,412
Property Tax Rate: 1.42%
Sales Tax Paid: $1,073
Fuel Tax Paid: $341
Social Security Taxed? No.
Retirement Tax Friendliness Index: 57.45
6. Belmar
Income Tax Paid: $5,412
Property Tax Rate: 1.30%
Sales Tax Paid: $1,073
Fuel Tax Paid: $400
Social Security Taxed? No.
Retirement Tax Friendliness Index: 57.51
5. Manasquan
Income Tax Paid: $5,412
Property Tax Rate: 1.33%
Sales Tax Paid: $1,073
Fuel Tax Paid: $378
Social Security Taxed? No.
Retirement Tax Friendliness Index: 57.64
4. Hoboken
Income Tax Paid: $5,412
Property Tax Rate: 1.46%
Sales Tax Paid: $1,073
Fuel Tax Paid: $175
Social Security Taxed? No.
Retirement Tax Friendliness Index: 60.82
3. Edgewater
Income Tax Paid: $5,412
Property Tax Rate: 1.35%
Sales Tax Paid: $1,073
Fuel Tax Paid: $230
Social Security Taxed? No.
Retirement Tax Friendliness Index: 60.90
2. Englewood Cliffs
Income Tax Paid: $5,412
Property Tax Rate: 0.96%
Sales Tax Paid: $1,073
Fuel Tax Paid: $267
Social Security Taxed? No.
Retirement Tax Friendliness Index: 64.69
Murphy adds 2 former Hispanic Chamber of Commerce members to transition team
Gov.-elect Phil Murphy has added two former members of the Statewide Hispanic Chamber of Commerce of New Jersey to his transition team.Gov.-elect Phil Murphy has added two former members of the Statewide Hispanic Chamber of Commerce of New Jersey to his transition team.
Luis De La Hoz, the current vice president of community development for BCB Community Bank, will serve as a co-chair for Murphy’s stronger and fairer economy committee. De La Hoz said he planned to focus on creating a level-playing field for businesses in New Jersey.
“Having worked with minority and women-owned businesses throughout the state of New Jersey now is the time to make sure our state-level policies promote a fair, just economy destined to prosper,” said De La Hoz in a statement.
Jazlyn Carvajal, the former executive director for the SHCCNJ, will act as one of five co-chairs concentrating on utilizing new technology to bring innovation to the state.
Reforms, innovation needed to improve quality in healthcare Industry Insights
Healthcare in the United States is complicated, inefficient and expensive. Many individuals and families can no longer afford to see a doctor, fill a prescription or get the most basic medical care without having to sacrifice other essential items such as putting food on the table or paying the mortgage. These are choices that no American should…Unfortunately, after seemingly endless attempts at reform, the costs of our healthcare system continue to move steadily higher, impervious to all attempts from the government, private companies or other stakeholders to hold back the ever-rising healthcare tide.
Healthcare, by its very nature, is resistant to change. Concerns over privacy and safety often delay the sharing of information or adoption of new technologies that could reduce the costs of care. While these issues are valid, they can and must be addressed as the status quo is no longer acceptable.
This point has not been lost on the U.S. Department of Health and Human Services and the West Health Institute that in a recent white paper noted that greater interoperability of healthcare devices alone could help save more than $30 billion a year in wasteful spending. While the Rand Corp. in an earlier study estimated that full national interoperability could save $77 billion annually.
A national network in which all providers have access to medical records is still many years away; however, there are steps being taken right now by the Centers for Medicare & Medicaid Services (CMS) that promise to have a positive impact on healthcare costs and quality. The initiatives, “Patients over Paperwork” and “Meaningful Measures,” seek to reduce the regulatory and reporting burden on providers.
Reducing the amount of time physicians spend on paperwork is goal that I am sure would garner 100 percent support in the healthcare community. Providers spend countless hours filling out forms or checking boxes that in many cases have no obvious benefit for either the physician or the patient.
Seema Verma, CMS administrator, noted this problem during remarks at a healthcare summit Oct. 30 when she said, “We publish nearly 11,000 pages of regulations every year. That is a lot of paper, and it’s taking doctors away from what matter most – patients.”
Further, the American Hospital Association recently published a report showing that health systems, hospitals and post-acute care providers spend nearly $39 billion a year (let that sink in for a minute) solely on administrative activities.
CMS is beginning to address this problem by taking on a full scale review of current regulations by asking some very basic and important questions: What is the purpose of the regulation? Does this regulation help prevent fraud and abuse? Does the regulation have a meaningful impact on patient care, safety and improving outcomes? This review alone, and a subsequent rollback of regulations, have the potential to save untold billions of dollars, improve patient care and restore the sanctity of the provider/patient relationship.
CMS’ Measures Management effort is about examining what quality measures should be reported to the government as part of their overall goal of moving our healthcare system from fee-for-service to value-based care.
My organization, The New Jersey Innovation Institute (NJII), fully supports this effort and is partnering with CMS through their Transforming Clinical Practices Initiative (TCPI) that seeks to save more than $1 billion in healthcare costs by the end of 2019 by helping physicians adopt value-based care payment models. NJII has recruited a network of nearly 10,000 physicians to be part of the initiative and we are on pace to save more than $135 million in costs and improve the health of more than 500,000 Medicare patients over the life of the program.
Meaningful Measures will focus on having providers report only on measures that are most vital to providing high quality care and improving outcomes for patients. In essence, CMS will focus more on results, less on process, and promote a more market driven health care system.
NJII applauds CMS in its efforts to bring innovation to our healthcare system and examine opportunities for advancement. We encourage healthcare stakeholders at every level to bring their expertise to the table and further the collective effort to lower costs and improve healthcare quality.
Local fulfillment company clicks with record-breaking Black Friday, Cyber Monday
As consumers spent the weekend clicking “confirm” in their online shopping carts, the floor at Dotcom Distribution was abuzz with round-the-clock order fulfillment.As consumers spent the weekend clicking “confirm” in their online shopping carts, the floor at Dotcom Distribution was abuzz with round-the-clock order fulfillment.
In preparation for a holiday shopping weekend poised to break retail records, Dotcom’s Edison facility migrated from its normal two-shift operation to three shifts, processing orders that came in droves even on Thanksgiving Day itself.
“Orders continue to come in with no indication that they will slow down over the next 24 hours,” Dotcom CEO Maria Haggerty said Monday evening.
“It’s very likely that Dotcom will break volume records this entire week,” Haggerty said, projecting days with 50,000-70,000 processed orders.
Dotcom has specialized in e-commerce fulfillment since 1999. Its client list includes clothing companies like Vineyard Vines and Adore Me and cosmetics subscription boxes GLOSSYBOX and Birchbox. On Black Friday, the 400,000-square-foot warehouse fulfilled 175,000 orders, a 56 percent increase over Black Friday 2016. On Cyber Monday, the warehouse processed 120,000 orders.
In comparison, “nonpeak” days average about 20,000 orders processed.
The year-over-year increase in orders seen by Dotcom’s clients was realized by retailers across the board. Just over $5 billion in online retail revenue on Black Friday fell in line with projections, according to Adobe Analytics, presenting a 16.9 percent year-over-year growth.
Cyber Monday’s revenue, too, fell in line with projections, raking in $6.59 billion in a 16.8 percent growth, making it the largest online shopping day in history. No doubt distribution centers across the state and country are experiencing the same liveliness as Dotcom.
More interesting than the record success of Black Friday and Cyber Monday, according to Haggerty, “is how growth is also bookending Black Friday through the Thanksgiving weekend, into Cyberweek, as well as on Thanksgiving and the days leading up to Thanksgiving.”
“The trends and forecasts from Dotcom’s partner brands indicate online shopping will be robust this holiday season and likely will crush previous year volumes by double-digits in all categories,” Haggerty continued. “We have seen record growth in e-commerce orders for the entire year — it has really ramped up this month and this weekend in particular. It is across the board on all clients — cosmetics, apparel, electronics, jewelry — it’s all up.”
Armchair (and workchair) shoppers used their myriad electronic devices to get their purchases in order. According to Adobe Analytics, 70 percent of the weekend’s online purchases were made via desktop computer; 21 percent via smartphone; and 9 percent via tablet.
Mobile shopping set a new record with its first $2 billion day.
Taylor Schreiner, director of digital marketing research at Adobe Digital Insights, told NJBIZ, “The past Cyber Monday behavior of shopping on your work computer during the day is almost completely reversed. This year, mobile shopping was dominant both in the morning and afternoon, and desktop only staged a comeback in the evening when people were home.
“Smartphones have become the de facto device for mobile shopping, while tablets continue to be more used as entertainment and gaming device.”
Arby’s purchases Buffalo Wild Wings for 2.9B
Arby’s has acquired Buffalo Wild Wings for $2.9 billion, the two companies jointly announced Tuesday.Arby’s has acquired Buffalo Wild Wings for $2.9 billion, the two companies jointly announced Tuesday.
The merger agreement, under which Atlanta-based Arby’s Restaurant Group Inc. (ARG) will acquire Minneapolis-based Buffalo Wild Wings Inc. (BWW) for $157 per share in cash, was unanimously approved by both companies’ board of directors.
“Buffalo Wild Wings is one of the most distinctive and successful entertainment and casual dining restaurant companies in America,” said Paul Brown, CEO of ARG, who will continue to serve as CEO of the parent company once the deal has closed. “We are excited to welcome a brand with such a rich heritage, led by an exceptionally talented team. We look forward to leveraging the combined strengths of both organizations into a truly differentiated and transformative multi-brand restaurant company.”
ARG is majority-owned by affiliates of Roark Capital Group, an Atlanta-based private equity firm focused on investing in franchised and multi-unit businesses in the restaurant, retail and other consumer sectors.
“We are excited about this merger and confident Arby’s represents an excellent partner for Buffalo Wild Wings,” said Sally Smith, CEO of BWW. “This transaction provides compelling value to our shareholders and is a testament to the hard work and efforts of our talented Team Members and franchisees. We are confident that the strength of our two industry-leading brands, under the sponsorship of Roark Capital – an experienced restaurant and food service investor – will enable us to capitalize on significant growth opportunities in the years ahead,” said Sally Smith, CEO of Buffalo Wild Wings.
The transaction is expected to close during the first quarter of 2018. Following the close of the deal, BWW will be a privately-held subsidiary of ARG, and will continue to operate as an independent brand.
According to their respective websites, there are currently 19 Arby’s and 14 Buffalo Wild Wings locations in New Jersey.
Small Business Saturday to benefit NJ consumers and businesses
Mom and pop shops around New Jersey are gearing up for Small Business Saturday, a shopping holiday created to encourage consumers to spend their money on Main Street.“Small Business Saturday is an opportunity for shopkeepers to really shine,” said Laurie Ehlbeck, New Jersey state director of the National Federation of Independent Business (NFIB). “This Saturday will afford them the chance to win customers who will continue to support them throughout the year.”
Unlike Black Friday, when big box stores get their chance to shine, Small Business Saturday focuses on some 71,000 small business retailers throughout the state, as well as its 18,000 eating and drinking establishments—most of which are locally owned, including franchisee-owned chains, according to NJ Restaurant & Hospitality Association President Marilou Halvorsen.
Last year, in its seventh year, Small Business Saturday attracted 112 million consumers who spent a total of $15.4 billion in local shops and restaurants nationwide.
“Restaurants are equally important to New Jersey’s economy and we want to emphasize that small restaurants also depend on local holiday shoppers to stop by for lunch or dinner after a full-day of shopping,” said U.S. Small Business Administration New Jersey District Director Al Titone.
Titone’s advice to small business owners? Make it easier for customers and adapt to their needs. 45 percent of millennials have already adopted mobile payments, according to Square’s 2016 payments survey. By the end of this year, TechCrunch estimates that 70 percent of mobile users will have used a mobile payment method.
“You have to keep with the trends in order to compete or you get left behind,” Titone said.
And when people spend money on Main Street, both consumers and business owners benefit. “When someone spends $100 at a local small business, $68 stays in our local economy,” he said. “If that same $100 is spent at a large big box business, only $43 stays in our local economy.”
Retail outlook to remain positive during the holidays, multiple firms report
Commercial real estate firms CBRE and Levin Management Corp. both announced they expect brick-and-mortar to see a boost from holiday shopping in the coming weeks.
Commercial real estate firms CBRE and Levin Management Corp. both announced they expect brick-and-mortar to see a boost from holiday shopping in the coming weeks.
CBRE said it expected four major trends to influence this holiday season.
The trends include:
Rise in short term leases – According to the firm, pop-up shops are becoming more and more favored by both retailers and retail-center owners. CBRE said it expects the trend to be accentuated by several of the largest mall owners in the country who have designated space in their properties for pop ups, which will also allow for a shifting roster and experimentation.
“Landlords that have faced increased vacancy from retailer closures, especially in the mall and high-street segments, see holiday pop-ups as an opportunity to generate revenue from an otherwise vacant space,” said CBRE in its report. “At the same time, landlords with high-performing properties with fewer vacancies see pop-ups as an opportunity to appeal to consumer demand for ‘new and different’ driving up traffic and revenue.”
Increase in Mobile “M-commerce” – while CBRE acknowledges that e-commerce will continue to claim a growing portion of retail sales, the brokerage firm said that more than a third of e-commerce sales will occur on phones and tablets. Using data from eMarketer, CBRE said retailers will, likely, adopt m-commerce for customer service, mobile marketing and facilitating sales.
“As consumer expectations for convenience and speed continue to rise, brick-and-mortar brands are adding mobile technology as an integral component to omnichannel success,” said CBRE in its report. “eMarketer forecasts 38 percent growth in retail sales made through a phone or tablet in 2017 (full-year), accounting for 34.5 percent of all e-commerce purchases and the majority of which will go to brick-and-mortar brands.”
Growth in discount retailers – According to the firm, demand for off-price and low-priced products has increased significantly since the 2008 recession. This season, as retailers continue to compete for a bigger market share, they will continue to be more and more sensitive of pricing to drive sales.
“Sales growth among key discount retailers has outpaced growth in other pricing categories, demonstrating consumer demand for better deals,” CBRE said. “JPMorgan recently announced that off-price retailers have increased their sales by $14 billion since 2011 and that key off-price retailers TJX, Ross Stores and Burlington are expected to see additional sales growth of nearly $19 billion by 2021. On Wall Street, investors are betting on this success, with share prices up this year for many discount and off-price players and TJX in particular raising forecasts for year-end sales.”
Increased demand for industrial – CBRE expects the increase in pop-up retailers to affect warehousing as well. The firm said that as e-commerce continues to push toward faster service, and strategies in e-commerce become adopted by brick-and-mortar retailers, a model known as ‘pop-up warehousing’ has entered the market. The model, according to the firm, exploits excess warehouse space and leases it on a temporary basis.
“Thus far, the net result of leveraging an on-demand model is that a warehouse user with large seasonal inventory peaks can quickly find excess space and commit to only the time needed. A study by Flexe, one of the early on-demand warehouse providers, found that users who utilize on-demand flexible warehouse space to augment a single-peak seasonal inventory surge can improve warehouse utilization by almost 100 percent and cut overall seasonal warehouse and inventory costs in half,” CBRE said. “In a multi-peak scenario, where inventory surges more than once per year, warehouse utilization improves by 40 percent and costs are cut by 20 percent to 30 percent.”
***
Levin Management on the other hand, said that based on its annual ‘Pre-Holiday Sentiment Survey’ retailers anticipate a similar or better than last year.
“From a ground-level perspective, 2017 has been a positive year for retailers within the LMC portfolio, and the survey findings support our observations,” Matthew Harding, LMC president, said. “Busy shopping center parking lots and more than two dozen new store openings testify that the economy is strengthening, and consumer confidence is rising. In fact, The Conference Board reported that in October consumer confidence registered at its highest level in nearly 17 years.
“It comes as no surprise, then, that more than three-quarters – 76.9 percent – of our survey participants expect sales to be the same or better than last year’s holiday shopping season. This optimism is reinforced by projections from our industry’s largest trade organizations.”
Levin said that 48.7 percent of retailers surveyed expect holiday sales to peak before and during Thanksgiving and Black Friday weekend.
The firm said that following the expected peak in sales during Thanksgiving weekend, and this being the first time in five years where there are four weekends before Christmas, retailers can expect additional sales.
Harding said Saturday, Dec. 23 will, most likely, be the second busiest shopping day this year after Black Friday.
And like CBRE, Levin found that local and regional retailers will exploit digital tools to drive sales and engagement.
“The LMC Pre-Holiday Survey results emphasize retailers’ efforts to engage customers and enhance their in-store experiences during the 2017 holiday season,” Levin said in a news release. “Continuing an established trend, technology-centered marketing is playing a key role as bricks-and-mortar stores work to compete in an increasingly digital world.
“More than half (52.3 percent) of respondents who use tech-centered marketing tools report their efforts have boosted holiday sales in prior years. To that end, 96.2 percent of those respondents will employ the same amount or more technology-centered marketing for the 2017 holiday season.”
Our point of view Let’s get started on transportation infrastructure
One of the main topics that came up repeatedly during the jousting of the gubernatorial election was the sorry state of New Jersey’s transportation infrastructure.It’s fitting that the scandal that undid all of Chris Christie’s momentum was Bridgegate — sort of like infrastructure hitting back at him, when you think about it. Under his watch, NJ Transit fares surged while service plunged, the trans-Hudson rail tunnel project was scrapped and bridge maintenance took a backseat — unless you count various restoration projects funded with the tunnel money, which allowed Christie to fend off a gas tax increase until his presidential aspirations were no longer viable.
Obviously, the eight years’ neglect of a heavily used system is going to have to be a top priority for Phil Murphy. The state is heavily dependent on its proximity to Manhattan for employment; if the existing rail tunnels are closed for maintenance before the Gateway project is completed — a definite possibility, especially post-Sandy — capacity will collapse and already-long commutes will become nightmares. That will put more drivers on overstressed bridges and tunnels, creating traffic headaches that will make well-salaried professionals think twice about whether it’s worth it to live across the river.
Those are problems for local businesses, too. New Jersey’s reputation as a good location for logistics would take a serious blow if we continue to underinvest in our highways, which would certainly give companies like Amazon pause before they invest in gigantic fulfillment centers. Beaches and other tourist attractions in the summer, ditto. Customers are more likely to stay home when the traffic snarls, especially if it becomes a regular feature. And all that is saying nothing of the lost productivity of small businesses that have to deal with employees struggling to reach work on time.
The fact that an increase in the gas tax was recently approved is good news for the state, which at least gives New Jersey a way to get its fiscal house in order on transportation. But we also need a willingness to take on the little projects that focus on keeping the system healthy, as opposed to just springing for major tunnel work. New York paid a fortune for its Second Avenue subway, which arguably could have been better used maintaining existing services. We hope Murphy is comfortable sending press releases about repairs to roads and bridges, and doesn’t need to have his picture taken cutting ribbons for brand-new transportation projects, because while they’re important, they’re only part of the equation.
Infrastructure is likely to be the defining topic of the next four years. We hope our next governor is as committed to the issue as he was on the campaign trail. New Jersey’s bid to reinvent itself as a hub for business depends on it.
Jobs report 2,600 new private-sectors jobs in October
The United States Bureau of Labor Statistics released data that show New Jersey added 2,600 new jobs to the market for the month of October.The majority of job creation came from the trade, transportation and utilities industry which added over 3,100 jobs in the past month.
Manufacturing (1,700 jobs), education and health services (1,400 jobs), and information (1,000 jobs) contributed to the overall job growth.
However, losses in financial activities (down 2,000 jobs), leisure and hospitality (down 1,500 jobs) professional/business services (down 1,100 jobs) and other industries lowered the overall growth in the state.
Industry employment data was compiled through the Current Employment Statistics survey conducted by the U.S. Bureau of Labor Statistics.
Attracting companies to the Garden State Choose New Jersey is an organization at the forefront of the state’s economic development
Whether it’s recent efforts to attract Amazon’s second corporate headquarters to New Jersey, incentivizing existing New Jersey companies to stay and expand here, or providing urban city initiatives to encourage small businesses to grow in the Garden State, Choose New Jersey has been at the forefront of successful economic development.
NJBIZ names CFO of the Year winners for 2017 slideshow
A crowd of more than 400 people gathered as NJBIZ named the winners of its 2017 CFO of the Year Awards on Oct. 10 at The Palace at Somerset Park.
A crowd of more than 400 people gathered as NJBIZ named the winners of its 2017 CFO of the Year Awards on Oct. 10 at The Palace at Somerset Park.
The breakfast ceremony showcased 32 honorees chosen as finalists in categories such as Public Company and Rising Star, as well as CFOs from private companies and nonprofits of various sizes.
Check out our slideshow above to see all the winners.
Finalists and winners were profiled in a special supplement in the Oct. 16 issue of NJBIZ. View the online issue of the supplement here.
Event sponsors included WithumSmith Brown P.C., Robert Half, FEI New Jersey, Aon Risk Solutions and Chase Bank
Finalists for the awards included:
Nonprofit Organization (Large)
Don Holford, Preferred Behavioral Health Group of New Jersey (Winner)
David Hughes, Shore Medical Center
Mary Kelly, The Arc of Union County Inc.
Tamour Kousha, New Jersey Community Development Corp.
Kathleen Powers, The Matheny School & Hospital Inc.
Veronica Zeichner, Hudson County Community College
Nonprofit Organization (Small)
Michael Andreas, Jweish Vocational Service of MetroWest
Samuel Frisby, YMCA of Trenton
John Garton, Habitat for Humanity of Burlington County and Greater Trenton-Princeton Inc.
Tony Gizzi, Girl Scouts of Central & Southern NJ (Winner)
Dina O’Keefe, Morris County Chamber of Commerce
Lois Penn, Child Care Connection
Private Company with revenues over $50 million
Lorraine Azzinaro, Aspire Technology Partners LLC
Bill Fahrbach, Workwave
Steve Grabell, NFI (Winner)
Anthony Gulotta, SKIDATA Inc
Allen Lane, Solix Inc.
Adam Raiken, MetLife Stadium
Andrew Wood, J. Fletcher Creamer & Son Inc.
Private Company with revenues up to $50 million
Richard Aguinaldo, TrialScope Inc.
Gary Finkel, TenFour
John Keane Jr., Sunnyside Manor Inc. (Winner)
Chris Mavros, Case Real Estate Capital LLC
Paul Shust, Pro-Tech Energy Solutions LLC
Dolores Woodington, Take Flight Learning
Public Company
Jeffrey J Carfora, Peapack-Gladstone Bank (Winner)
Glenn Coleman, Integra LifeSciences
Mark Guinan, Quest Diagnostics
David Pearson, Vonage
Rising Star
Robert Capko, Middlesex Water Co. (Winner)
Justin D’Onofrio, Platform Specialists
Milind Patel, Parker Ibrahim & Berg LLC