2017 ANNUAL MEETING LUNCHEON
STEVEN BLUMENTHAL Chairman of the Board of Advisors, MBAF CPAs LLC
ANNUAL ELECTION OF THE BOARD OF ADVISORS
NOMINATED FOR ELECTION To a full three-year term expiring 2020 Tom Alessandrello Karen Davis-Farage Tom Eastwick Patti Goldfarb Dave Hollenbeck Bob Kilroy Tammy Molinelli William Murray Kevin O’Connor Dr. Anne Prisco Bret Sharretts Mark Sparta Michael Turner
Berkeley College RPM Raceway Eastwick College & the HoHoKus Schools Employee Benefits Advisors PSEG Jewel Electric Supply Co. Bergen County Workforce Investment Board MWWPR SUEZ Water New Jersey, Inc. Felician University Ernst & Young Hackensack Meridian Health HUMC Burton Trent Public Affairs
To an unexpired one-year term expiring 2018 Anthony Guzzo
Guzzo & Guzzo Architects, LLC
BOARD OF TRUSTEES
Chairman Fletch Creamer J. Fletcher Creamer & Son
Rich Branca Bergen Engineering
Dominick D’Agosta Former Senior Banking Executive
John Saraceno Onyx Equities
Vice Chairman Bill Hanson NAI James E. Hanson
Alex Klatskin Forsgate Industrial Partners
Jim Napolitano James R. Napolitano
Senator Anthony Scardino Jr.
Peter Unanue Goya Foods, Inc.
Former Mayor & NJ Senator Anthony Scardino & Associates, Inc.
Ed Russo Russo Development
STATE OF THE MEADOWLANDS
CORE VALUES
7 SECAUCUS EXTENSION
AMERICAN DREAM MEADOWLANDS
DESTINATION DEVELOPMENT = ECONOMIC DEVELOPMENT Building Transport Networks
The Catalytic Impacts of
Attracting Strategic Events
DESTINATION PROMOTION
Raising Quality of Life
Raising Destination Profile
Source: Oxford Economics (2014) “Destination Promotion: An Engine of Economic Development”
Hospitourism by the Numbers Approximately $745 million is generated by the hospitourism region in the Meadowlands each year • The number of visitors is increasing annually by 8% Visitors drawn to the Meadowlands’ venues, attractions, hotels and hospitality businesses • Spend $456 million • Support 10,000 jobs • Pay $233 million annually in taxes to support state operations Retail & hospitality combined as one industry is the second largest provider of jobs in the Meadowlands • Over 6,000 organizations and 55,000 jobs
AN ECOSYSTEM OF ECONOMIC OPPORTUNITY Home to the largest business growth & GDP in New Jersey SmartAsset (Hudson & Bergen Counties)
QUICK STATS
41,291 Establishments
452,022 Employees
Total Population: 964,600 people Median Household Income: $72,280 Labor Force: 514,955 people Number of Businesses: 41,291 Office & Industrial Space: >25 million square feet in the Greater Meadowlands region (excluding Jersey City which has 14.5 million square feet). Over 40 million square feet in total throughout the region
964,600
Total population of the Meadowlands (median age 38 years)
514,955
Greater Meadowlands labor force
HEALTHCARE & SOCIAL SERVICES
RETAIL & HOSPITALITY
PROFESSIONAL, SCIENTIFIC, TECHNICAL SERVICES
Establishments
31,428
4,262
6,054
35,183
55,221
7,714
63,344
Jobs
1,645
MANUFACTURING
• Online readership of MUSA is up 30% over 2016.
• 150 Member-contributed bylined articles in 2017. This is UP 16% from 2016. We broke 2017’s goal of 135 member-contributed bylined articles, and will now try to increase the number to 160.
• Continuing to see steady increase in both print & digital advertising • Direct-mail print circulation has nearly doubled.
www.MEADOWLANDSUSA.com
TOTAL NUMBER OF REFERRALS IN 2017
4,147,186
WEBSITE BUSINESS REFERRALS
11,331
AVERAGE EVERY DAY
10% increase over 2016!
2,198
EACH MEMBER AVERAGED
53 EVENTS IN 2017
• Sold out for 2nd Year • Over 600 attendees
SAVE THE DATE! MAY 9TH 2018!
50 students & young professionals already in the workforce participated • Topics: o Education o Workforce o Mobility/Commutation o Livability o Civic Leadership • Takeaways: o Very few knew what a Chamber of Commerce does o Emphasis on equal work & more flexibility with their work schedules o Future work space = more technological & virtual o Greater confidence in Uber/Lyft than in Mass Transit o Majority would rather own their own home/apartment than rent o Affordability is the main reason Millennials are leaving NJ
COMMUNITY CATALYST
BASKET BRIGADE
SCHOOL SUPPLY DRIVE
SOCK DRIVE
CELL PHONE DRIVE
COMMUNITY CATALYST Together our MLCVB member hotels donated a pallet of toiletry items to the Bergen County Shelter
RAISED OVER $10,000 BENEFITING
INDUSTRY INVOLVEMENT & AFFILIATIONS
$1,100 TOTAL REFERRAL DOLLARS EARNED 24/7 Networking Sales
James Brown CPA
Action Graphics
McGowan Builders
At Home Sleep Solutions
Nemark Grubb Night Frank
B2B CFO
Novomni
Business Boomers
Paradigm Associates
Bergen Volunteer Medical Initiative
RPM Raceway
Comfort Keepers
Ruggles^2
Epoch Press
The Social Scene
Guzzo & Guzzo Architects
Wells Fargo Advisors - Thomasset & Benoit
Hilton Meadowlands Hotel
EMBER 1. Center For Internet Security Cyber Solutions for all size Companies, Academia & Nonprofits 2. Retirement Solutions 3. Long-term Care & Care-giver Resources 4. Business Learning Academy targeted at Small Businesses & their Employees
Member of the month will receive: • Special Social Media recognition • A 30 day spotlight on the MRC Homepage including company logo with link to company webpage • Complimentary sponsorship at the following Monthly Networking Meeting • Special Recognition in Meadowlands USA Magazine highlighting Members of the Month • Special recognition on Meadowlands Snapshot E-Newsletter • Nomination to become Member of the Year, selected from the pool of Members of the Month
2017 Members of the Month
MARCH
MAY
JANUARY
FEBRUARY
APRIL
JULY SEPTEMBER
OCTOBER AUGUST JUNE
STATE OF THE MEADOWLANDS STRONG & GETTING STRONGER!
RALPH IZZO Chairman, President & CEO
New Jersey’s Energy Future
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The only thing that is constant is change
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Energy efficiency scorecard
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What if ?
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PSEG has invested more than $1.5 billion in solar in New Jersey and 13 other states
At PSE&G – 125 MW in more than 30 large-scale universal solar, centralized solar, brownfield and landfill, pole-attached and resiliency pilot programs Those who pay subsidies (ratepayers and taxpayers) are the same as those who also reap the benefits 42
PSEG is dramatically cleaning our generation portfolio in New Jersey Retiring Coal Plants in New Jersey
Hudson
Mercer
Investing $2 billion in three new clean gas plants (One in New Jersey)
Sewaren
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Sources of air emission-free (CO2, NOx, SOx, particulates)
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Increased customer demand for resiliency and reliability
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We are responding
•
Energy Strong – raising substations flooded by Sandy
•
Replacing gas mains – some more than 100 years old
•
Rewiring and upgrading our transmission system
We are ready to do more! 46
We need to get incentives right
The makers of candles did not invent the electric light bulb. 47
If nuclear were to close: • New Jersey would take a significant step backward in
• Fuel diversity and reliability • Clean air and environmental protection • Customer costs and affordability
N.J. Needs Nuclear n j n e e d s n u c l e a r. c o m 48 12
PSEG is committed to New Jersey • PSEG serves the best interests of N.J. and its people • PSEG places sustainability – social awareness, economic growth and environmental protection – at the forefront of its agenda • PSEG’s reliable, resilient grid powers your life 24/7, keeping you connected at home, at work and on the go • PSEG is leading N.J. toward a stronger, cleaner, more efficient energy future
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So what is the future of energy in New Jersey? Hopefully it is one where: • We all use less energy • That energy is cleaner
• And it is even more reliable and resilient than the energy of today All at a reasonable cost
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THANK YOU FOR ATTENDING
ANNUAL MEETING LUNCHEON
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