Enterprise 4Q 2014

All Aboard! The 78th Annual Walk to Washington is Feb. 19 and 20  PAGE 17

NEW JERSEY CHAMBER OF COMMERCE

www.njchamber.com

a quarterly focus on the people and the issues that drive New Jersey business 4Q 2014

HAPPY

350TH NEW JERSEY

We Name the Garden State’s TOP STARS & BEST PRODUCTS Also, a Look at How New Jersey was Born

ALSO INSIDE:

The Good and Bad of Obamacare New Jersey’s Transportation Crisis N.J. Chamber Cornerstone Members Meet with Christie’s Cabinet

Know more.

Stress less.

Understanding the new health care law can leave even the most experienced benefits professional confused and stressed. That’s why AmeriHealth New Jersey has you covered with the answers you need about how the law is changing the way individuals, families and businesses buy health insurance. To find out how AmeriHealth New Jersey can help you and your business, visit us on Facebook or at amerihealthnj.com.

Visit us on

Health insurance that pays.

SM

Š2013 AmeriHealth HMO, Inc. | AmeriHealth Insurance Company of New Jersey | www.amerihealthnj.com

AH_Enterprise_KMSL.indd 1

10/9/13 3:47 PM

table of contents

cover:

New Jersey Turns 350 this Year

10 After 350 Years, A Time to Party 12 The Greatest Products from New Jersey 14 Who are the 25 Greatest Innovators in N.J. History?

Photos by Russ DeSantis Photography and Video, LLC

16 The Greatest Celebrities from New Jersey – Sinatra, Streep, Berra

17

features 04 Message from the President

Mandates out of Trenton are Putting Jobs and the Future of Our State in Jeopardy

20 New Jersey Chamber Cornerstone Members Meet

with Gov. Christie’s Cabinet to Discuss the Economy

22 News Makers

focus on health care

18

06 Obamacare: More People are Insured, but

Costs Keep Rising

08 A New Way to Deliver Health Care to

Employees of Small Companies

focus on news 17 The Walk to Washington Turns 78 in February 18 A Gas Tax Alone Won’t Solve

State’s Transportation Funding Crisis

focus on events 21 N.J. Chamber Fall Networking Breakfast at

Georgian Court University

21

President’s Message

Let’s Move Forward, Together

BY THOMAS A. BRACKEN

Lt. Gov. Kim Guadagno addressed hundreds of mayors last month at the annual League of Municipalities meeting in Atlantic City, and she emphasized a point we at the New Jersey Chamber of Commerce have long been driving home: If New Jersey’s municipal and legislative leaders want the state’s economy to thrive again, they need to support the needs of the businesses in their towns and districts.

The reason is straightforward: Companies bring jobs, and they generate tax revenue. Job growth is the panacea for New Jersey’s problems.

In the past few years, we have taken a number of positive steps forward. Wisely, our legislature passed pro-growth legislation in the form of tax breaks and, most recently, a business tax credit bill known as EO13. Under the leadership of Guadagno, the Red Tape Review Commission has been slashing burdensome and unnecessary regulation.

But for every step forward, we seem to take one step back. Recently passed mandates, such as automatic minimum wage increases, put additional pressure on New Jersey companies’ bottom lines and reduced their ability to plan and manage expenses. Additional initiatives being floated, such as mandated paid sick leave and ban the box, would further restrict companies in challenging times.

There seems to be a trend in Trenton to force companies to address issues in a one-size-fits-all manner, and it doesn’t work. Their government mandates reduce flexibility for companies that are still recovering from a recession. It is not hard to understand how this onslaught of mandates would make any executive consider other states in which to do business.

It’s time for a different legislative approach to our business community. One that is supportive, not destructive.

One that will promote growth.

As Assembly Republican Leader Jon Bramnick said at one of our recent roundtable breakfasts, “If we don’t have a good economy, and we don’t have jobs, we don’t have anything. If we have no revenue, we have no social programs.”

New Jersey gained 22,900 jobs during the first 10 months of this year, and a total of 146,000 jobs since Gov. Chris Christie took office, but we need more jobs to keep 4 |

pace with the nation’s recovery.

We need positive steps forward.

First, we must ensure that members of the legislature – few of whom are business owners – understand the needs of companies. That’s why we continue to press legislators to meet with our members whenever possible so different perspectives can be shared.

Second, we urge you, our members, to be proactive.

Meet with the mayor of your town and your legislators.

Invite them to your facilities. Show them what you do, how many people you employ, the products you manufacture.

Tell them about your philanthropic acts and how you give back to the community.

Third, we need to make clear to legislators the implications of the many government programs they continue to roll out. When government budgets are depleted, legislators turn to the business community to pay for programs such as minimum wage, paid sick leave and even open space with no regard for the negative impact these initiatives have on financial growth and permanent job creation in the state.

“We may not win every fight for jobs, but we want to be in every fight,” Guadagno said last month at the New Jersey League of Municipalities Convention in Atlantic City. “Without a climate that welcomes businesses – and the jobs that follow – we fail our communities. When every level of government partners to create an environment that welcomes businesses, it works.”

We could not have said it better. The time is long overdue for our legislators to get serious about supporting the business community.

Mandates out of Trenton, which some of our legislators see as progress, are putting jobs and the future of our state in jeopardy. The business community of our state is our most prized asset. It can lead us back to prosperity if nurtured. The New Jersey Chamber of Commerce stands ready to assist in this effort, and we urge that it begin now! ❖

Thomas A. Bracken President and CEO New Jersey Chamber of Commerce

CHAMBER STAFF

Thomas A. Bracken President and CEO

Dana Egreczky Senior Vice President, Workforce Development

Michael Egenton Senior Vice President, Government Relations

Lawrence Krompier Vice President, Member Services

Ray Zardetto Vice President, Communications

Scott Goldstein Communications Manager and Enterprise Editor

Ric Principato Creative Director/ Web Tech Manager

New Jersey Chamber of Commerce Staff

216 West State Street Trenton, N.J. 08608 Phone: (609) 989-7888 www.njchamber.com

NJCC Board of Directors Officers Chairman

Ralph Izzo Chairman and CEO Public Service Enterprise Group Inc. First Vice Chair

Amy B. Mansue President & CEO Children’s Specialized Hospital Second Vice Chair

Robert Doherty New Jersey State President Bank of America Treasurer

EXCLUSIVE DISCOUNTS

for N.J. Chamber Members

A 5% PERCENT discount on auto insurance for member company employees.

For a complete list of discounts for N.J. Chamber member companies and their employees, go to www.njchamber.com/advantage

Are you in denial about succession issues?

The issues of succession are both financial and emotional — a volatile mix that makes them easy to put off. But denial comes at a cost : Fewer than one-third of familyowned businesses survive into their second generation and many closely-held companies don’t survive the loss of their founder.

At EisnerAmper, we urge you to plan early — like ten years early. We help you weigh all the likely scenarios and arrive at the right decisions, both for you and your company. So you’re not just passing the baton, you’re

Howard Cohen, CPA Chairman EisnerAmper LLP

strengthening the business.

Secretary

EisnerAmper.com/TRANSITION

Robert Podvey Director Podvey Meanor

FORTUNE 500 technology for small and medium-sized businesses

Save up to 28% PERCENT on shipping costs

View our video series on transitioning your business at

Immediate Past Chair

Jeffrey C. Scheininger President Flexline/U.S. Brass & Copper Corporation PUBLISHED BY

Let’s get down to business.® eisneramper.com 732.243.7000

280 Summer Street, Boston, MA 02210 Phone: 617-428-5100 Fax: 617-428-5118 www.thewarrengroup.com ©2014 The Warren Group Inc. All rights reserved. The Warren Group is a trademark of The Warren Group Inc. No part of this publication may be reproduced in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without written permission from the publisher. Advertising, editorial and production inquiries should be directed to: The Warren Group, 280 Summer Street, Boston, MA 02210. Call 800-356-8805.

ENTERPRISE 4Q 2014 | 5

focus on health care

Obamacare: More People are Insured, but Costs Keep Rising

Amy Mansue

Linda Schwimmer

Wardell Sanders

BY ALICIA BROOKS WALTMAN

The health insurer AmeriHealth NJ saw its business explode after offering its policies on the federal health care exchange in New Jersey. Its client base rose by more than 60 percent, adding 130,000 new members, and increasing its revenues from $700 million to $1.5 billion in the five months following the initial rollout of the ACA, also knowns as Obamacare, said Michael Munoz, the company’s senior vice president of sales and marketing.

UnitedHealthcare, which joined the health care exchange this year, meanwhile, is seeing signs that the health care boom will continue in this year’s enrollment period, which opened this fall.

“So far, the phones are ringing off the hook,” said Chuck Cerniglia, the company’s vice president of sales and account management.“We’re a new entrant to the health care exchange, and we are very excited to be joining.”

The law seems to be insuring more Americans. In New Jersey, the uninsured population dropped from 21.2 percent of the non-elderly, adult population in mid-2013 to 13.2 percent in early 2014, following the initial rollout of the ACA, according to the Robert Wood Johnson Foundation.

Linda Schwimmer, vice president of the NJ Healthcare 6 |

Quality Institute in Pennington, said the Garden State saw 350,000 new people enter the Medicaid system in 2014. Many of them had been eligible for Medicaid before Obamacare, but may not have applied before being required to under the law’s individual mandate, which went into effect on Jan. 1, 2014. Another 200,000 New Jerseyans were able to purchase insurance through the federal marketplace. (New Jersey did not set up its own health care exchange.) Of those buyers, 82 percent qualified for a subsidy, according to Schwimmer.

“Those are the positives,” she said. “Now, these people have insurance and that reduces charity care at the hospitals.”

Cost-Sharing On the downside, says Schwimmer, there is still “a tremendous amount of cost-sharing” with the insured in the form of co-pays, high deductibles and other costs. (New Jersey law limits policy deductibles to $2,400 for individuals.) Lower-income buyers with high deductible policies may be unable to afford these costs.

“There is a bit of a disconnect between what is being sold and what is really an effective product,” Schwimmer said. “But people reason that at least they will not be bankrupted (by a catastrophic medical event), and that is a rational way to look at it. The ACA is not perfect, but the system we had before was worse.”

Amy Mansue, president of Children’s Specialized Hospital, which has more than a dozen locations across the state, agreed

that the law is insuring more Americans. However, she said putting insurance decisions in the hands of individuals rather than professionals, such as human resource professionals, can be dangerous.

“I’m not sure if people know enough about how policies work to make the best decisions,” Mansue said. For that reason, Mansue’s hospital, a rehabilitation facility that serves children with special needs, has developed a web tool to help parents choose health care plans that will help get them the coverage suited for their children.

Despite some shortcomings, Mansue said the exchanges have educated consumers about health care costs by clearly outlining deductibles, co-pays and premiums. That awareness, Mansue says, may have played a part in containing the cost of health care premiums, which in 2014 saw its lowest rate of increase in years.

Wardell Sanders, president of the NJ Association of Health Plans, said he has seen significant improvement in the federal exchange over the last year.

“The roll-out of healthcare.gov was disastrous, and it has dramatically improved,” said Sanders, referring to the errorfilled launch of the website in November 2013.

What's Next?

Jan. 1, 2015 marks the beginning of a new employer man-

date, requiring employers with 100 or more full time employees to provide health insurance to at least 70 percent of them or pay a financial penalty, per employee. In 2016, the mandate will apply to employers with 50 to 99 employees. But this year’s new requirement is unlikely to create a seismic shift, said Sanders.

“THE FACT REMAINS THAT HEALTH INSURANCE IS AN EXPENSIVE ITEM IN [EMPLOYERS’ BUDGETS], AND THE QUESTION REMAINS, HOW DO THEY PROVIDE DECENT HEALTH CARE TO THEIR EMPLOYEES?” — LINDA SCHWIMMER, VICE PRESIDENT, NJ HEALTHCARE QUALITY INSTITUTE “The vast majority of companies with 100-plus employees already provide health care coverage,” he said.

“I think for employers, it is really not anything new,” Schwimmer added. “The fact remains that health insurance is an expensive item in their budget, and the question remains, how do they provide decent health care to their employees?” ❖

New Jersey Chamber of Commerce Members Auto Insurance Discount The New Jersey Chamber of Commerce has partnered with Plymouth Rock Assurance because of our shared commitment to service and value for our customers. As a member or employee, you are entitled to a special 5% discount on auto insurance through Plymouth Rock.

Visit us online at NJChamberQuote.com or call 800-801-0977 today for your free quote.

Plymouth Rock Assurance is a marketing name used by a group of separate companies that write and manage property and casualty insurance in multiple states. Insurance in New Jersey is offered by Plymouth Rock Management Company of New Jersey on behalf of High Point Property and Casualty Insurance Company and its affiliates. Each company is financially responsible only for its own insurance products. Certain restrictions and limitations apply. For a full description of the programs, features, and coverages, please visit PlymouthRockNJ.com.

Group discounts apply to policies written in High Point Property and Casualty Insurance Company. May not be combined with any other group discounts. ©2014 Plymouth Rock Management Company of New Jersey. All rights reserved. 7352/22014

ENTERPRISE 4Q 2014 | 7

focus on health care

Horizon Shoots for Lower Premiums, Fewer Out-of-Pocket Costs and Better Outcomes

TRANSFORMING THE WAY HEALTH CARE IS DELIVERED TO SMALL COMPANIES AND THEIR EMPLOYEES To transform how health care is delivered to small employers, Horizon Blue Cross Blue Shield of New Jersey has introduced health plans that encourage members to use the state’s network of patient-centered practices. The new plans – unveiled over the summer – are the insurer’s lowest premium health plans for small employers.

“Our new plans offer small employers lower premiums, and for their employees, lower out-of-pocket costs when they use patient-centered practices,” said Christopher M. Lepre, senior vice president of market business units at Horizon BCBSNJ. “Other health insurance companies have been talking about patient-centered care and lower costs, but Horizon has collaborated to build the largest network of patient-centered practices across New Jersey.”

The plans are called Horizon Patient-Centered Advantage EPO products – one bronze and one silver.

In 2012, Horizon BCBSNJ members that were in patientcentered medical homes had a 23 percent lower rate of hospital inpatient admissions, 12 percent fewer emergency room visits, and for diabetic patients, a 9 percent lower cost

Patient-centered practices provide: XX A care coordinator to provide additional patient support, information and outreach.

XX Wellness and preventive care based on national clinical guidelines.

XX Extra wellness support and education.

XX Patient monitoring and communication from the doctor and care coordinator.

XX Coordination of a patient’s care with specialists and other providers.

of care than members not in patient-centered practices.

“Patient-centered” care refers to a new approach that provides incentives to physicians based upon the quality of patient care, rather than the quantity of care under the traditional approach. Patient-centered practices are paid more when they improve patient satisfaction and improve patient care based upon national clinical guidelines. ❖

KEYNOTE SPEAKER

Stephen Moore Chief Economist, The Heritage Foundation

NEW JERSEY’S ECONOMIC CONFERENCE

JANUARY 16, 2015

NEW JERSEY’S MOST IMPORTANT ECONOMIC CONFERENCE JANUARY 16, 2015 | THE PALACE AT SOMERSET PARK Produced By:

In Conjunction With:

Keith Banks President of U.S. Trust Bank of America Private Wealth Management

Presented by:

Scott O’Neil CEO of NJ Devils, With a dynamic and impressive roster of presenters touching on New Jersey’s most important business sectors, the 4th annual New Jersey Economic Leadership Forum will be the most far-reaching conference

Philadelphia 76ers and Prudential Center

on the issues that shape our state. Here’s your chance to be part of this critical initiative. Join us Friday, January 16, 2015, when over 500 of the state’s most influential leaders come together for an in-depth look at the region’s financial future. With keynote presentations from some of the most prominent minds to panels and discussion forums that drill down to industry-specific detail, the New Jersey Economic Leadership Forum is the bellwether of the Garden State’s prosperity.

DON’T MISS OUT! THIS SELL OUT EVENT ATTRACTS MORE THAN 500 ATTENDEES. REGISTER TO ATTEND TODAY AT WWW.NJECONOMICFORUM.COM

8 |

Dr. James W. Hughes Dean, Edward J. Bloustein School of Planning & Public Policy, Rutgers The State University of NJ

Developers win when Operating Engineers and Employers work together

Contractors and Local 825 employees who understand their common interests deliver the best construction results by striving for greater efficiency, productivity and profitability.

An atmosphere of trust Some of the best suggestions for innovations, cost savings and costavoidance have come from the people who perform the work. In an atmosphere of trust, everyone is a partner in success.

Thriving on challenge Local 825 members thrive on challenging work and employment stability that allows them to provide for their families. Contractors take pride in challenging projects, knowing they can deliver on time, on budget and above expectations.

Investing in success Local 825’s state-of-the-art training centers are open to members and contractors in two states. They help keep our members highly skilled, fully licensed, credentialed and ready to work when you are.

Learn how we can help.

Contact ELEC Director Mark Longo at 973-630-1010 or visit WWW.ELEC825.ORG

Building On Common Ground The Engineers Labor-Employer Cooperative (ELEC) is comprised of: International Union of Operating Engineers Local 825, Associated Construction Contractors of New Jersey, Construction Industry Council of Westchester & Hudson Valley and the Construction Contractors Labor Employers of New Jersey.

Left photo, Revel Casino Hotel; center photo, MetLife Stadium, courtesy of Skanska USA; right photo, Montclair rail station & municipal parking lot, courtesy of Prismatic Development Corporation.

ENTERPRISE 4Q 2014 | 9

Among the more than 500 guests were Lt. Gov. Kim Guadagno; the heads of the state’s most prestigious companies and R&D firms; academic leaders; and a delegation from the Isle of Jersey in the British Channel.

Jorge Caballero, partner at Deloitte

AFTER 350 YEARS A T I M E T O PA R T Y T h e C h a m b e r ’s G a l a C o m m e m o r a t i n g N . J . ’s 3 5 0 t h A n n i v e r s a r y S a l u t e d I n v e n t o r s a n d t h e S t a t e ’s R i c h H i s t o r y o f I n n o v a t i o n

Whether it was the drone flying in the ballroom, avatars of Thomas Edison and Albert Einstein serving as co-masters of ceremonies, or the digital caricature artists providing sketches of the guests, there was much to remember about the New Jersey Chamber of Commerce’s Gala commemorating the state’s 350th anniversary and its legacy of innovation.

Among the more than 500 guests at The Palace in Somerset on Oct. 27 were Lt. Gov. Kim Guadagno; the heads of the state’s most prestigious companies and R&D firms; academic leaders; and a delegation from the Isle of Jersey in the British Channel.

Einstein and Edison A highlight of the evening: The Chamber revealed the Top 25 Innovators in New Jersey history. Albert Einstein, who revolutionized the way the world looks at the universe, edged Thomas Edison for No. 1 (see more on the Top 25 on page 14).

Ralph Izzo, president, CEO and chairman of PSEG, asked a question that drove home New Jersey’s impressive heritage of innovation: “In what other state would Thomas Edison not be number one?”

On hand were the families of Thomas Edison, who invented the light bulb, the phonograph and the motion picture camera, and Selman Waksman (No. 3 on the list), the Rutgers professor whose work to create new antibiotics made him a conqueror of once-rampant diseases like tuberculosis, cholera, typhoid fever and bubonic plague.

“To all the families of innovators long since gone, and to all of New Jersey’s innovators here with us today, know that we are in awe of your capacity and inspired by your determination,” said Tom Bracken, president and CEO of the N.J. Chamber of Commerce.

Also attending the party was John J. Mooney, whose invention of the three-way catalytic converter landed him at No. 17 on the 10 |

Chamber’s list of the Top 25 innovators. The EPA says cars today are 98 percent cleaner than they were 30 years ago and that the three-way catalytic converter is the main reason.

N.J.’s Top Innovations Part of the evening was spent recognizing the most innovative products that came out of New Jersey, ranging from air conditioning and antibiotics to the light bulb and television. The state also gave birth to Band-Aids, bubble wrap, the chlorination process to purify drinking water, condensed soup, the drive-in theater, fiber optics, the ice cream cone, lead-free gasoline, motion pictures, motor oil, pork roll, radar, radio, salt-water taffy, solar panels, the transistor and Viagra, to name a few. (To see more on top products, got to page 13.)

Some of the world’s latest innovations – a drone, an optical cloaking device and a 3-D printer – were used to reveal the ballot winners.

The Garden State’s Future Speakers saluted the Gala’s prime sponsor, Haier, the world’s largest home appliances maker, which recently moved its American headquarters from New York City to Wayne, New Jersey.

“Thank you, Haier, for leading New Jersey’s charge forward for human innovation,” said David Sloan, the great grandson of Thomas Edison.

Adrian Micu, president and CEO of Haier, said,“We wanted to be part of New Jersey’s burgeoning business climate. We wanted to collaborate with all of you, the individuals driving New Jersey’s growth. We, too, wanted to share the rich history of innovation this state boasts.” ❖

A special thank-you to Haier for sponsoring the event.

Photos by Russ DeSantis Photography and Video, LLC

350 Years: Gala

Amy Mansue, CEO of Children’s Specialized Hospital of New Jersey, and Nan Waksman Schanbacher, vice president and chair of the board of the Waksman Foundation for Microbiology.

Thomas Edison’s great, great-granddaughter Elizabeth Sloan looks back at her father, Thomas Edison’s great-grandson David Sloan.

Steve Boswell, president and CEO of Boswell Engineering, and Jim Fakult, president of JCP&L.

Adrian Micu, president and CEO of Haier; George Sous, regional public affairs manager at PSEG; and William Murray, executive vice president of public affairs at MWW.

John J. Mooney (right), whose invention of the three-way catalytic converter landed him at No. 17 on our list of the Top 25 innovators, accepts an award from New Jersey Chamber of Commerce President Tom Bracken.

Joe Welter, managing partner of New Jersey Practice at Deloitte; Barbara Gitenstien, president of the College of New Jersey; Walter Brasch, partner and chief business development officer at O’Connor Davies; and (behind them) Jeff Scheininger, president of Flexline/US Brass & Copper Corp.

N.J. Chamber Chairman Ralph Izzo, CEO, president and chairman of PSEG.

Inventor John J. Mooney is recognized.

Thomas Edison family members: Great grandchildren Haywood Sloan, Lizabeth Sloan and David Sloan, and great, great granddaughter Elizabeth Sloan.

Kitta MacPherson, director of communications at the Princeton Plasma Physics Lab; and Bob Doherty, state president for New Jersey at Bank of America.

ENTERPRISE 4Q 2014 | 11

350 Years: History

HOW

NEW JERSEY

WAS BORN

350 YEARS AGO There’s the Jersey Shore. The Jersey Turnpike. And of course, there’s Jersey attitude.

But where did the word “Jersey” come from, and when did this area officially take on the name?

We have answers. The state is named after the tiny Island of Jersey located between France and England. The colony got its name 350 years ago when King Charles II of England gifted this area, previously named New Netherlands, to two loyal subjects, including Sir George Carteret, a royal statesman from the Isle of Jersey. It was promptly after this gift – June of 1664 to be exact – when this area, described as west of Long Island and Manhattan Island, became known as New Jersey.

In 1665, Carteret was one of the drafters of the Concession and Agreement, a document that provided freedom of religion in the colony of New Jersey – previously unavailable under the English government – and a proclamation for the structure of the government for the colony.

Now fast forward to this year. While planning our bash to celebrate New Jersey’s 350th anniversary, one of the first things we did was invite a contingent from the Isle of Jersey. We were

The contingent form the Isle of Jersey: Steven Cartwright, external relations officer; Emma Martin, inward investment manager; Mike King, CEO for Economic Development; Joe Moynihan, director of of financial services.

Eight Facts about the Other Jersey Here is information about the Isle of Jersey, including this striking fact – it is very small. There are four cities in New Jersey – Newark, Jersey City, Patterson and Elizabeth – that have larger populations than the Isle of Jersey (99,000).

XX It is located in the Bay of St. Malo between the northern coast of France and the southern coast of England.

XX It is just 45 square miles in size with a population of around 99,000, with 42,000 households and 7,000 businesses.

XX It maintains an international identity separate from that of the United Kingdom, though the United Kingdom is constitutionally responsible for the military defense of Jersey.

XX Its official languages are English and French.

XX It boasts a range of industries, from the production of the Jersey XX Its national anthem is “God Save the Queen.” sweater and cider, to the transatlantic cod trade, shipbuilding, XX The people of Jersey are often called Islanders or, in individual agriculture and tourism. terms, Jerseyman or Jerseywoman.

XX It has emerged as a leading international financial center.

12 |

New Jersey Makes, the World Takes

The Top Products Born in the Garden State Some of the greatest products in history have been created right here in New Jersey. At the N.J. Chamber of Commerce’s Gala Oct. 27, the best of the best were named. Residents were asked to vote, and more than 1,000 people participated in our survey. Here are the results:

Innovations in Health Care Band-Aids........................................................................52.6% Advil....................................................................................17% Disposable contact lenses..................................................15% First-aid kits....................................................................12.7% Antibacterial toothpaste...................................................2.4%

Innovations in Medicine Penicillin..........................................................................48.2% Antibiotics........................................................................30.8% Coronary stent....................................................................12% Measles vaccine.................................................................3.7% Viagra.................................................................................3.5% Valium................................................................................1.5% Mumps vaccine.....................................................................1%

Innovations in Transportation Underwater vehicular tunnel.........................................30.5% Lead-free gasoline........................................................... 27.5% Motor oil...........................................................................20.3% Catalytic converter..........................................................13.6% Elevated highway.............................................................. 7.9%

Innovations in Energy Light bulb........................................................................65.3% Solar panels.....................................................................19.2% Air conditioning..............................................................11.4% Heating furnace....................................................................4%

Innovations in Entertainment and Communications

Photo by Russ DeSantis Photography and Video, LLC

delighted when they graciously accepted.

“Jersey is proud of its historical ties with New Jersey,” Mike King, CEO of economic development for Jersey, told an audience of 500 at our 350th anniversary gala. King led a contingent of four officials from the Isle of Jersey.

The New Jersey Chamber of Commerce presented King with a handcrafted crystal light bulb with etched wording thanking the Isle for allowing New Jersey to use its name for the past 350 years. The Chamber also made the Isle of Jersey an honorary member. The Isle of Jersey presented N.J. Chamber President Tom Bracken with a framed collection of Isle of Jersey stamps commemorating the Garden State.

This is a jumping point for New Jersey and the Isle of Jersey to do business together, King said. “(The Isle of) Jersey has always boasted a strong entrepreneurial spirit that has helped it to remain a global competitor, whether it is in traditional industries, or in newer fields such as financial services and the digital economy,” King said. “Today, we are a stable, prosperous and innovative Island with a legacy of over 50 years as a worldleading international financial center.” ❖

Television............................................................................56% Radio.................................................................................21.9% Motion pictures................................................................10.8% Phonograph........................................................................6.1% Drive-in theaters...............................................................4.3% Tape recorders.................................................................0.75%

Innovations in Food Condensed soup...............................................................28.9% Ice cream cone.................................................................28.5% Taylor ham/Pork roll.....................................................20.42% TV dinners........................................................................13.6% Salt water taffy.....................................................................7% SpaghettiOs........................................................................1.4%

Innovation in Day-to-Day Living Bar codes .........................................................................48.7% Teflon................................................................................28.2% Polyurethane.......................................................................13% Bubble wrap.......................................................................9.9%

Innovation Breakthroughs Transistor............................................................................31% Chlorination process (to purify drinking water)..........30.8% Fiber optics......................................................................25.9% Radar..................................................................................6.6% Electronic microscope.......................................................4.5% Sonar..................................................................................0.9%

ENTERPRISE 4Q 2014 | 13

350 Years: Top Thinkers

WHO ARE THE 25 GREATEST INNOVATORS IN N.J. HISTORY? START WITH EINSTEIN, EDISON AND WAKSMAN

The State’s Greatest Thinkers Developed the Light Bulb and TV, Walked on the Moon, Conquered Diseases, Won Women the Right to Vote, Served in Gen. Washington’s Army and Designed a Comfortable Bra Albert Einstein, the greatest thinker of the 20th century who revolutionized the way we look at the universe, was named the top innovator in New Jersey history, in an exclusive list revealed by the New Jersey Chamber of Commerce and NJBIZ newspaper. Coming in at No. 2 was Thomas A. Edison, whose inventions include the light bulb, the phonograph and the motion picture camera.

“New Jersey has been home to an incredible number of innovators,” said Ray Zardetto, vice president of communications at the New Jersey Chamber of Commerce, who headed the team that developed the Top 25 list. “Einstein and Edison are most prominent. Their worldwide fame attracted the best minds to come to New Jersey to live and work. These protégés landed at New Jersey universities and R&D institutions, helping turn the Garden State into an innovation powerhouse.”

The top five is rounded out by Selman Waksman (No. 3), the Rutgers professor whose work to create new antibiotics made him a conqueror of once-rampant dis14 |

eases like tuberculosis, cholera, typhoid fever and bubonic plague; the Bell Labs team of William Shockley, John Bardeen and Walter Brattain (No. 4), who in 1956 invented the transistor, the brain of modern electronics; and Lyman Spitzer (No. 5), the visionary physicist who founded the world-renowned Princeton Plasma Physics Lab and conceived of space-based telescopes that allow astronomers to see farther and clearer into the universe than ever before. Spitzer’s work resulted in NASA’s Hubble Telescope, launched in 1990. In 2003, NASA launched another space-based telescope named in Spitzer’s honor.

The top five names on the list were revealed at a gala at the Palace at Somerset Park on Oct. 27 celebrating the Garden State’s 350th anniversary. “This list is meant to salute New Jersey for its broad history of innovation, and we hope it will generate debates over who are truly the greatest thinkers in New Jersey history,” said Thomas Bracken, president and CEO of the New Jersey Chamber of Commerce.

For biographies of the Top 25, go to www.njchamber.com.

How the List was Developed The list was developed by a team at the N.J. Chamber of Commerce and NJBIZ newspaper, following much research and discussion. It includes innovators born in New Jersey or those who made significant progress while working in the state and whose ideas forever changed the business world and our lives.

The team chose Einstein as No. 1 because “he is without a doubt one of the most unique and incredible men in history, and his name is synonymous with genius,” Zardetto said. “His insights into and theories on the workings of the universe took the human mind where it had never been before, and his conclusions so revolutionary, physicists today still marvel at his accomplishments.” In its review of the 20th century, Time magazine named Einstein the Person of the Century and the greatest mind of the century.

Of the names on the Top 25 list, three are still alive – Astronaut Buzz Aldrin (No. 7), of Montclair, who walked on the moon and pioneered methods to maneuver in space; Pfizer researcher Lloyd Conover (No. 16), who advanced antibiotics; and John J. Mooney (No. 17), the chemical engineer from Patterson whose work to develop the first three-way catalytic converter eliminated the toxic tailpipe, significantly reducing pollution from motor vehicles.

The Dream Team

The All-time Top 25 Innovators in New Jersey History 1. Albert Einstein (1879-1955) Nobel Laureate; named “The Greatest Mind of the 20th Century.”

2. Thomas Edison (1847-1931) Most prolific inventor in history – light bulb, telegraph, motion picture camera.

3. Selman Waksman (1888-1973) Disease-conquering Nobel Laureate; called the “The Father of Antibiotics.”

4. John Bardeen (1908-1991), William Brattain (19021987), William Shockley (1910-1989) Nobel Laureates; invented the transistor, the brain of modern electronics.

5. Lyman Spitzer (1914-1997) Visionary physicist; founder of Princeton Plasma Physics Lab.

6. David Sarnoff (1891-1971) “Father of Broadcasting;” ran RCA and NBC; helped develop TV and radio.

7. Buzz Aldrin (Born 1930, 84 years old) Pioneered working in space; walked on the moon.

8. John von Neumann (1903-1957)

Nobel Laureate; built computers in ’40s that remain the blueprint for modern computers.

9. Robert Wood Johnson (1893-1968) Transformed Johnson & Johnson into a global powerhouse.

10. Beatrice Alice Hicks (1919-1979) Pioneering engineer; shattered the glass ceiling for women in the field.

The Women on the List Five of the Top 25 are women, including Beatrice Alice Hicks (No. 10), the pioneering engineer who shattered the glass ceiling for women in her field; Alice Paul (No. 15), whose innovative brand of activism won women the right to vote; Ida Cohen Rosenthal (No. 19), cofounder of the intimate apparel company Maidenform, whose innovation involved designing brassieres that conformed to women’s body shapes; Alice Parker (No. 20), the AfricanAmerican woman from Morristown who patented a home heating system in 1919 that gave birth to the thermostat and forced air furnaces in most homes today; and Elizabeth Coleman White (No. 24), “the Blueberry Queen,” who turned blueberries from a wild fruit into a $40 million cash crop by devising new varieties of blueberries that could be cultivated.

“The personal stories of many of the names on the list are incredibly fascinating,” Zardetto said, “and they are well worth remembering and honoring.”

There’s John von Neumann (No. 8), who built a computer in the 1940s that remains the blueprint for modern computers, and Vladimir Zworykin (No. 11), who turned a century-old dream of sending moving images over a wire into TV. There’s Allen DuMont (No. 12), who invented the first commercial television in his Cedar Grove lab, and even established the DuMont Television Network, the nation’s first-ever TV network. There’s John Dorrance (No. 14), who invented condensed soup and transformed Campbell Soup into an empire. There’s Claude Shannon (No. 21), “Father of the Information Age,” who proposed using the numerals “0” and “1” to formulate and transmit data - a binary breakthrough. ❖

11. Vladimir Zworykin (1888-1982) Turned century-old dream of sending moving images over a wire into TV.

12. Allen DuMont (1901-1965) Developed the first commercially-sold television sets.

13. John Stevens (1749-1838) “Father of American Railroads;” granted patent for the steam engine.

14. John Dorrance (1873-1930) Invented condensed soup; transformed Campbell Soup into an empire.

15. Alice Paul (1885-1977) Her unique brand of activism won women equal rights, like the right to vote.

16. Lloyd Conover (Born in 1923, 91 years old) Developed chemical process leading to new disease-fighting antibiotics.

17. John J. Mooney (Born in 1929, 85 years old) Devised the three-way catalytic converter, forever ending the “toxic tailpipe.”

18. Seth Boyden (1788-1870) The most prolific U.S. inventor before Thomas Edison.

19. Ida Cohen Rosenthal (1886-1973) Transformed women’s fashions, including the bra.

20. Alice H. Parker (Dates of birth and death unknown) Patented home heating system.

21. Claude Shannon (1916-2001) Devised the “Rosetta Stone” of computer language leading to info age.

22. Wally Schirra (1923-2007) Trailblazing astronaut who was first to dock with another spacecraft.

23. John Roebling (1806-1869) Improved engineering design to make longer bridges possible.

24. Elizabeth Coleman White (1871-1954) Cultivated the blueberry into a $40-million dollar industry.

25. Donald Fletcher Holmes (1910-1980)

Invented “do-it-all” polyurethane, the durable, flexible synthetic material.

ENTERPRISE 4Q 2014 | 15

350 Years: Top Stars

SINATRA, STREEP, BERRA, EDISON TOP ‘BEST OF NEW JERSEY’ SURVEY BUSINESS LEADERS CHOSE THEIR FAVORITE SINGERS, MOVIE STARS, ATHLETES AND MORE

Frank Sinatra is the best-ever singer from New Jersey, Meryl Streep is the best actor from the Garden State, and Yankee catcher Yogi Berra is the state’s best athlete. That’s according to a Baker Tilly-New Jersey Chamber of Commerce summer survey of business executives in the state.

Business Leaders Prefer Thinkers to Entertainers as Dinner Companions When asked what New Jersey personality they would most like to have dinner with, the business leaders eschewed actors and musicians, preferring instead the company of thinkers. Most respondents selected either Thomas Edison (29 percent) or Albert Einstein (24.5 percent) to dine with. Sinatra (11.5 percent) of Hoboken was a distant third place, followed by Jon Stewart (10.5 percent) of Lawrenceville; Bruce Springsteen (8.5 percent) of Freehold Boro; Streep (8.5 percent), of Bernardsville; and Jack Nicholson (7.5 percent), of Neptune City.

“It should come as no surprise that business leaders would relish sitting down with two of history’s most exceptional and innovative minds,” said Thomas Bracken, president and CEO of the New Jersey Chamber of Commerce. “Edison and Einstein have inspired leaders for decades. Their reputations helped attract the best minds and talent to New Jersey for generations, which is a big reason New Jersey is one of the nation’s premier research centers today.”

‘The Chairman of the Board’ Beats ‘The Boss’ Sinatra, famously known as “The Chairman of the Board,” was chosen by business leaders as the state’s best ever “singer/musician,” giving him 47 percent of the votes. Sinatra, whose sales of 150 million records makes him one of the best-selling artists of all time, comfortably beat Springsteen (27 percent); Whitney Houston (10 percent) of Newark; Count Basie (8 percent) of Red Bank; Jon Bon Jovi (6 percent) of Sayreville; and Dionne Warwick (2 percent) of East Orange.

16 |

Streep Edges Nicholson Streep, nominated for a record 18 Academy Awards and winner of three, was voted top New Jersey actor, capturing 42.5 percent of the votes. That was enough to beat Nicholson (33 percent), whose 12 Academy Award nominations ranks second among male actors (he won two). He was followed by Michael Douglas (12.5 percent) of New Brunswick; James Gandolfini (5 percent) of Park Ridge; Susan Sarandon (4 percent) of Edison; and John Travolta (3 percent) of Englewood.

Yogi Voted Top Athlete Montclair’s Berra – named Most Valuable Player of the American League three times and winner of 13 World Series as either a player, manager or coach – was easily selected top New Jersey athlete with 39 percent of the votes. Tied for second with 15.5 percent of the votes each were track star Carl Lewis, the Willingboro product who was named Olympian of the 20th Century by Sports Illustrated, and Newark native Shaquille O’Neal, who won four NBA titles, two scoring titles and was named to the all-NBA team 14 times. Also garnering votes were quarterback Joe Theismann (9 percent) of South River; outfielder extraordinaire Mike Trout (9 percent) of Millville; Yankee great Phil Rizzuto (5.5 percent) of Hillside; running back Franco Harris (4.5 percent) of Mount Holly; and tennis and golf player Althea Gibson (2 percent) of East Orange.

focus on news

The Walk to Washington Turns 78 in February DON’T MISS THE ‘TIME-HONORED EXERCISE IN EXTREME NETWORKING’

"The year does not begin until the Chamber dinner in Washington."

– GOV. CHRIS CHRISTIE The Star-Ledger has called it, “A time-honored exercise in extreme networking.”

The Philadelphia Inquirer said it is “Like a power lunch writ large.”

And Gov. Chris Christie has said, “The year does not begin until the Chamber dinner in Washington.”

They were all talking about the New Jersey Chamber of Commerce’s Walk to Washington and Congressional Dinner, a New Jersey institution for more than three quarters of a century.

Don’t miss the 78th annual “Walk” on Feb. 19 and Feb. 20, 2015.

The event attracts New Jersey leaders in every industry – giving you an opportunity for conversation, visibility and camaraderie that will help your business grow.

The networking begins as the Chamber’s chartered Amtrak train departs Penn Station in Newark and rolls through New Jersey, picking up hundreds of guests along the way. The trip hits a crescendo when the train reaches the nation’s capital and guests gather at the Marriott Wardman Park for a cocktail reception, the Congressional Dinner, a keynote address by Gov. Chris Christie and a dessert buffet extravaganza that allows the networking to continue into the night.

“Tonight is always a point of marking for the business community of our state,” Christie said at the 2012 dinner.

“We gather together to review the last year and to look ahead – at least now – hopefully with promise to what New Jersey’s future can once again be.”

Last year, attendees included Christie and his leadership team, members of New Jersey’s Congressional Delegation, more than 40 state legislators, 20 local and national news organizations and a national audience on C-SPAN. Of course, there were business leaders ranging from momand-pop proprietors to Fortune 500 CEOs. This year, the NJ Chamber will celebrate 77 years of great “Walk Moments.” Celebrate with us.

The Walk to Washington obtained its name when folks realized that few sit on the train; they literally walk up and down the aisle the whole way to Washington, networking and exchanging business cards.

“I’ve been on this train for many years and it’s a terrific opportunity to meet the business leaders throughout our community and to become a stakeholder in our state,” said Peter J. Hovnanian, Principal of J.S. Hovnanian & Sons.

To register, go to www.njchamber.com. For sponsorship opportunities, call Amy Kolis at (973) 945-0623 or email her at amyk@njbiz.com. ❖ ENTERPRISE 4Q 2014 | 17

focus on news

A Gas Tax Alone Won’t Solve State’s Transportation Funding Crisis

BY SCOTT GOLDSTEIN

Photos by Ric Principato

Senate Republican Leader Tom Kean (left) and Senate President Stephen Sweeney during a quiet moment at a N.J. Chamber Roundtable Breakfast on Oct. 29.

From left, Michael Egenton, senior vice president of the N.J. Chamber of Commerce; Assemblyman Gary Schaer; Tom Bracken, president of the N.J. Chamber of Commerce, Assemblyman Declan O’Scanlon; and Deborah Bierbaum, executive director of external tax policy at AT&T, at a N.J. Chamber Roundtable Breakfast on May 16.

Neither of them said they necessarily supported an increase to the state gas tax. But both Assemblymen Gary Schaer, chair of the Assembly Budget Committee, and Declan O’Scanlon, the committee’s ranking Republican, said a gas tax hike alone wouldn’t answer the state’s need to raise nearly $2 billion for annual maintenance and improvements to the state’s highways, bridges and mass transportation.

The two legislators traded their views during a New Jersey Chamber of Commerce Breakfast Roundtable in Monroe on May 16. “A five-cent gas tax increase would generate $200 million,” Schaer said.

“In order to meet the need, you would have to increase the gas tax by 40 cents. I don’t know if that is realistic. There needs to be a more holistic approach. We can’t rely on 18 |

just one tax, especially a tax that is so regressive.”

The clock is ticking for solutions.

The state’s Transportation Trust Fund (TTF) is set to run out of money by next summer when the cost of debt service is projected to exceed the fund’s revenue.

“It’s foolish to say anything is off the table,” O’Scanlon said. “Simply tightening our belt isn’t going to get us where we want to go. We have to have a discussion to see what mix of solutions we can come up with.”

Sweeney and Kean Weigh In State Senate President Stephen Sweeney and Senate Republican Leader Tom Kean also discussed transportation at a N.J. Chamber Breakfast Roundtable in late October. “Nobody is coming here if we don’t invest in infrastructure,”

State Senate President Stephen Sweeney said the state needs to double transportation funding that goes to municipalities and counties. “They have three quarters of the roads, but their funding is cut year after year.”

Sweeney said. “We need to (attract) business, and we need the infrastructure to move them.”

Kean said, “The TTF is a multibillion issue with a long-term solution that is necessary.”

Among ideas proposed are a pergallon gas tax increase, a 7 percent sales tax on motor fuel sales, raising car rental fees, the dedication of online gaming revenue, or a combination of them.

“It’s going to cost something,” said Sweeney. He asserted that the state needs to double transportation funding that goes to municipalities and counties.“They have three quarters of the roads, but their funding is cut year after year,” he said. ❖ Scott Goldstein is communications manager for the New Jersey Chamber of Commerce.

AMTRAK CHAIRMAN: NORTHEAST CORRIDOR IS IN DIRE NEED OF INVESTMENT It’s no secret that the Northeast Corridor, the 900-mile railway line between Boston and Washington, is in desperate need of an upgrade. But Tony Coscia, chairman of Amtrak, put it in plain English for New Jersey Chamber of Commerce members during a Sept. 30 Breakfast Roundtable.

The Northeast Corridor’s short connection between Newark Penn Station and New York Penn Station involves trains traveling “over two tracks (on) a 100-yearold bridge, (through) two tubes built in 1910 and into a tight New York Penn Station,” Coscia said.

It doesn’t help matters, he said, that ridership on the corridor is up 36 percent this year, with roughly 260 million passengers traveling each year between Boston and Washington.

“Superstorm Sandy was a wake-up call to all of us as to how vulnerable the system is,” Coscia said. The two tubes under the Hudson River were shut down after the storm, severing the connection between New Jersey and New York City.

Amtrak Chairman Tony Coscia on Sept. 30 said Superstorm Sandy was a wake-up call to the Northeast Corridor’s vulnerability. The two tubes under the Hudson River were shut down after the storm, severing the connection between New Jersey and New York City.

Coscia said the ongoing Gateway Project, designed to address this “vulnerable” stretch of the Northeast Corridor, would double rail capacity between the two states.

But the massive project, which is actually a series of projects, will take time and a lot of money that is not yet committed.

The corridor “is in dire need of investment and I think everyone agrees that trans-Hudson capacity needs to be improved,” Coscia said. He added that the work needs to be done in conjunction with NJ Transit and the Metropolitan Transportation Authority (MTA), whose trains also would benefit from the increased capacity. ❖

SMALL BUSINESSES IN NEED OF FINANCING HAVE A CLUB BARKS Dog Daycare, Boarding and Grooming Jersey City, NJ

The New Jersey Economic Development Authority (NJEDA) supports small- and medium-sized businesses by providing access to financing and incentives they need to reach their goals. The NJEDA can also help you grow a stronger, more sustainable New Jersey business, just like Club Barks.

To learn more about financial assistance available through NJEDA, call 609-858-6700 today, or visit us online at businesslending.NJEDA.com.

© 2014 New Jersey Economic Development Authority.

ENTERPRISE 4Q 2014 | 19

focus on N.J. Chamber Cornerstone Event

New Jersey Chamber Members Meet with Gov. Christie’s Cabinet New Jersey Chamber of Commerce Cornerstone members heard an exclusive presentation Nov. 7 by Lt. Gov. Kim Guadagno, and participated in sit-down meetings with members of Gov. Chris Christie’s cabinet to discuss ways to improve New Jersey’s economy. Topics included expanding the economy, growing jobs, streamlining regulations, the state budget, improving the transportation infrastructure and pension reform.

The State Chamber’s Cornerstone members participate in special programs throughout the year. The exclusive Cornerstone program offers unprecedented access to the state’s political and business leaders and insights about the trends and issues impacting business.

For information about joining the Cornerstone program, contact Larry Krompier at (609) 989-7888 ext. 131 or larry@njchamber.com. ❖

Lt. Gov. Kim Guadagno addresses CEOs and other Christie cabinet members.

Jack Miller (left), president and CEO, Solix, and Walter Brasch (right), partner and chief business development officer, O’Connor Davies, listen to New Jersey Treasurer Andrew P. Sidamon-Eristoff.

Lt. Gov. Kim Guadagno and Treasurer Andrew Sidamon-Eristoff, seated in the background, were among the Christie administration cabinet officials that met with New Jersey Chamber of Commerce Cornerstone members on Nov. 7, 2014.

Wendy Lazarus, director of government relations and public affairs at Pzifer, with Kenneth Kobylowski, commissioner of the state’s Department of Banking & Insurance.

20 |

Ralph Izzo, CEO, president and chairman of PSEG, talks to John Valeri, member of Wolff and Samson.

Michele Brown, CEO of the New Jersey Economic Development Authority.

focus on events

N.J. Chamber Fall Networking Breakfast at Georgian Court University New Jersey Chamber of Commerce members exchanged business cards and discussed the latest Chamber programs, events and ways to grow their business at a networking event at Georgian Court University in Lakewood on Oct. 23.

Members were joined at the beautiful college by the Chamber’s executive team, including President and CEO Tom Bracken; Vice President of Member Services Larry Krompier; and Vice President of Communications Ray Zardetto. A special thank you to Northstar New Jersey for sponsoring and to Georgian Court University for hosting. ❖

Curt Lang, middle market group manager, M&T Bank, and Walter Brasch, CPA partner and chief business development officer, O’Connor Davies.

Larry Krompier, vice president of member services, New Jersey Chamber of Commerce; Rosemary E. Jeffries, president, Georgian Court University; and Tom Bracken, president, New Jersey Chamber of Commerce.

Ray Zardetto, vice president of communications, New Jersey Chamber of Commerce, and Wylie Dillard, senior director of statewide sales, Northstar New Jersey.

Chamber members talked shop and exchanged business cards at the networking event in Lakewood.

ENTERPRISE 4Q 2014 | 21

news makers

VALEANT PHARMACEUTICALS CEO Michael Pearson pledged to bring 500 jobs to the state of New Jersey over the next five years, at a ribbon cutting for a new headquarters in Bridgewater. The company currently employs more than 400 people in New Jersey.

HAIER GROUP, the Chinese appliance maker, moved its U.S. headquarters to Wayne from New York City, bringing with it at least 500 jobs.

Donna M. Aldredge

Charles Adornetto

Donna M. Aldredge, of Bedminster, joined PEAPACK-GLADSTONE BANK as vice president, branch manager, at the bank’s Warren location. Also, Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank appointed Charles Adornetto Jr. to the position of senior managing director, commercial lending. He is based in Princeton.

CAPITAL ONE appointed Ed Montesdeoca president of the New Jersey and Staten Island markets. He will be responsible for integrating community strategy in these two regions, while also continuing to serve as vice president and retail bank executive for the bank.

PRUDENTIAL FINANCIAL INC. has been named a Top 10 company for working mothers

by Working Mother Media. Prudential was recognized for establishing family friendly policies including child care, flexible work arrangements and paid parental leave.

Ryan Foley, formerly vice president of FOLEY RENTS, has been promoted to president of the Piscataway-based Caterpillar dealer.

Ryan Foley

DELOITTE is providing pro bono consulting to New Profit, a pioneering venture philanthropy fund that focuses on education, early childhood development, workforce development and public health systems in underserved areas.

Michelle Lee, head of WELLS FARGO’s community banking in the Northeast, has been promoted to oversight of the Eastern Region.

Her new role will place her in charge of 32,000 employees in 2,700 retail banking locations covering 14 states, from Connecticut to Florida and as far west as Tennessee.

Dr. Minal Patel rejoined HORIZON BLUE CROSS BLUE SHIELD OF NEW JERSEY as senior vice president and chief strategy officer.

In the newly created position, Patel will focus his entrepreneurial skills on corporate strategy and the development of new business opportunities to meet the needs of its members.

JERSEY CENTRAL POWER & LIGHT is partnering with Brookdale Community College and Raritan Valley Community College to reinstate its program to train the

22 |

next generation of utility line and substation workers. The Power Systems Institute is a two-year program that combines hands-on utility skills at JCP&L training facilities with technical course work at the two colleges.

Participating graduates will earn an associate of applied science degree with a focus on electric utility technology.

M&T BANK was the nation’s sixth-largest issuer of U.S. Small Business Administration 7(a) loans in fiscal year 2014. M&T increased its total number of SBA 7(a) loans to small businesses by nearly by 6 percent from 2013 levels, extending 1,226 loans for a total of $165.2 million.

ATLANTIC CITY ELECTRIC’s Ninth Annual Charity Golf Classic at the Galloway National Golf Club raised $138,000 for this year’s beneficiaries – Big Brothers Big Sisters, Court Appointed Special Advocates (CASA) for Children and the Val Skinner FoundationLIFE LPGA Pros in the Fight.

ARCHER & GREINER’s William P. Isele recently received Rider University’s 18th Annual “Distinguished Contributions Award.” He also delivered the university’s annual Law & Justice lecture. He spoke about “The National Disgrace of Elder Abuse.”

Lenore Molee has been appointed dean, BERKELEY COLLEGE SCHOOL OF PROFESSIONAL STUDIES, putting her in charge of maintaining academic standards and overseeing the hiring of faculty. Eileen LoftusBerlin was named vice president, budgeting and student accounts, at Berkeley College. She will lead budgeting activities and oversee the Office of Student Accounts. Katherine Sullivan was named chair of the Nursing Department, School of Health Studies. She is responsible for overseeing the practical nurse and patient care technician assistant programs.

The Bridgewater-based law firm NORRIS MCLAUGHLIN & MARCUS, P.A., named Janeanne R. Gorman its executive director.

Law firm LOWENSTEIN SANDLER opened a Washington, D.C., office as part of its national expansion. The new office will house lawyers in the firm’s antitrust, white collar criminal defense, investment management, commercial, and insurance litigation practices.

EISNERAMPER has been honored with the 2014 “When Work Works Award” for its effective workplace strategies for business and employee success. “When Work Works” is a national project, administered by the Families and Work Institute and the Society for Human Resource Management, that shares research results on what makes an effective and flexible workplace. ❖

Health insurance plans as homegrown as a Jersey tomato.

If you own a business in New Jersey, it’s time to pick the new OXFORD GARDEN STATE NETWORK. With plans that connect New Jersey members with quality New Jersey providers at lower premiums than you might expect, it leaves you with more money to help your business grow.

The OXFORD GARDEN STATE NETWORK. It’s how New Jersey businesses save on health care.

Learn more Contact your broker or visit uhctogether.com/ gardenstate

The Oxford Freedom Network and Oxford Liberty Network are still available for purchase. The Oxford Garden State Network is not a replacement for any of our existing networks.

Oxford HMO products are underwritten by Oxford Health Plans (NJ), Inc. Oxford insurance products are underwritten by Oxford Health Insurance, Inc. ©2014 Oxford Health Plans LLC. All rights reserved. NJ-14-460 UHCNJ704279-000

READY TO MAKE A DIFFERENCE?

START HERE.

Cheryl Jefferson, MSM ‘12 USDA Forest Service

The John

S. Watson School of Public Service and Continuing Studies offers flexible, online programs designed for working adults who are interested in professional and personal growth.

Undergraduate Degrees

Graduate Degrees

> Associate of Arts in Human Services > Bachelor of Science in Human Services > Bachelor of Science in Homeland Security

> Master of Science in Homeland Security > Master of Science in Management > Master of Public Service Leadership

Continuing Studies > Graduate and Professional Certificates > Non-credit Courses and Programs

Thomas Edison State College is one of the 11 senior public colleges and universities in New Jersey, and is accredited by the Middle States Commission on Higher Education, 3624 Market Street, Philadelphia, PA 19104 (267) 284-5000.

LEARN MORE: VISIT CALL

www.tesc.edu/watson (866) 637-4082

E X C L U S I V E LY F O R A D U LT S