Tuesday, February 09, 2010 12:52:57 PM EST
New User? Register  |  Sign In
NJBIZ
Advertising
 • Media Kit
 • Print Ad Info
 • Web Ad Info
Customer Service
 • Register
 • Contact Us
 • Free Trial
 • Help & FAQ
Search Archives
MORE FROM NJBIZ
Dow Jones Industrial Average
DOW 10,075.87 +167.48
O: 9,910.28;  L: 9,910.06;  H: 10,138.22
NASDAQ Composite
NASDAQ 2,151.31 +25.26
O: 2,153.10;  L: 2,132.58;  H: 2,166.16
S&P 500
S&P500 1,071.48 +14.74
O: 1,060.06;  L: 1,060.06;  H: 1,079.28
AMEX Composite
AMEX 1,789.59 +23.45
O: 1,766.14;  L: 1,765.27;  H: 1,796.44
Enter stock symbol:    
Top Headlines
Top Headlines Archives
 
Corzine to sign economic stimulus bill
By Andrew Kitchenman
7/27/2009 12:31 PM

A wide-ranging economic stimulus bill that includes various incentives to increase development is set to become a state law today when Gov. Jon S. Corzine signs it.

Corzine is scheduled to sign the New Jersey Economic Stimulus Act of 2009 at an event at 3 p.m. at Penn Station, in Newark. Both houses of the Legislature passed the bill June 25.

The bill includes a series of components, including providing grants funded by future development to provide incentives for the development. It also expands eligibility for the Urban Transit Hub Tax Credit program, provides a break from affordable-housing fees on commercial developers, allows rental-car tax increases around Newark Liberty International Airport and boosts construction on college campuses.

Corzine’s plan to sign the measure drew praise from Michael McGuinness, chief executive officer of the New Jersey chapter of NAIOP, the commercial real estate development association.

“It’s all going to have a positive impact for our industry,” McGuinness said of the law’s sections.

McGuinness was particularly supportive of the affordable-housing fee suspension.

“I think it’s going to incentivize some projects that are sort of on the fence to move forward more quickly,” McGuinness said.

He said the grant program, named Economic Redevelopment and Growth Grant, or ERGG, would create jobs. While critics have said ERGG would take away property tax receipts that are needed by local governments, McGuinness said the proposal to bring development to land where building hasn’t already occurred is, at worst, “revenue neutral.”

However, McGuinness said the program would prompt more development once projects begin and would become a positive for towns.

“Everything about the bill is certainly positive,” McGuinness said.

The bill has received criticism from some environmental and other public policy groups, who contend that it is a giveaway to developers and could open environmentally sensitive land to development.

E-mail Andrew Kitchenman at akitchenman@njbiz.com.

Companies seek help doing business with the government
By Beth Fitzgerald
7/27/2009 1:05 PM

Leroy Brown’s Franklin Park company has landed a dump truck-hauling contract on the new Hudson River rail tunnel project, and Brown said his LCB Group finds government work can keep his trucks moving during a recession that’s slammed the brakes on private-sector construction.

Brown was among 140 business people who packed Monday morning’s state Chamber of Commerce seminar in Monroe on doing business with the government, and he said government work has been a growing source of revenue since he landed his first contract in 2007.

He said government red tape is daunting, but companies “need to understand that the system does work — so talk to the people in these agencies that offer to help you navigate the system. It’s a matter of listening to the people who’ve done it before you, trusting your instincts and marketing yourself accordingly.”

Today’s Chamber event was led by three veteran government contracting consultants who have joined forces to form The Contract Connection, which provides state, local and federal government contracting assistance to businesses. In a partnership with the chamber, The Contract Connection is providing a 10 percent discount on consulting fees to chamber member-firms.

The three principals of The Contract Connection are:

Henry Savelli, of Henry Savelli & Associates, who worked 30 years in government procurement before retiring in 2001 as assistant director of the New Jersey Treasury Department, Division of Purchase and Property.

Patrick Guidotti, president of PJG Consulting, who spent 35 years in state government, where he worked in the Division of Building and Construction and the Department of Commerce.

Michelle Hermelee, an expert in federal contracting, who heads BH SKY Associates.

Guidotti said it takes four or five weeks to get certified to sell to the government, but it takes longer to learn how to bid successfully. He said in the last few years, he’s helped hundreds of companies do business with the government, often through referrals from the nonprofit Small Business Development Center.

Government work can get a business through the recession, he said, but business owners “have to understand that there are rules, and they have to know what those rules are.”

Savelli said in the past few months, he’s seen a 50 percent increase in businesses seeking his help in winning government contracts. He pointed out that New Jersey has 2,000 government entities, each with its own purchasing procedures.

He said it’s not too late for even a novice small business to get certified with the government in time to take advantage of the federal stimulus dollars awarded to contractors.

“Once you get registered, you can start bidding. We help people with bids and, after a while, they learn how to do it and they don’t even need us,” Savelli said. “You don’t need me forever, you just need me to get started.”

E-mail Beth Fitzgerald at bfitzgerald@njbiz.com

Daggett picks Esposito, Corzine picks Weinberg as running mates
By João-Pierre Ruth
7/27/2009 11:52 AM

Independent candidate Christopher Daggett chose Frank J. Esposito Monday afternoon as his running mate for November's gubernatorial election. Esposito is interim dean for the College of Education at Kean University.

Daggett announced his choice at the Statehouse, meeting today’s filing deadline for lieutenant governor candidates. With Daggett’s choice made, the lineup is set for the November elections.

Gov. Jon S. Corzine selected state Sen. Loretta Weinberg (D-Teaneck) as his running mate as he seeks re-election. Corzine made the announcement late Friday, ending speculation that just last week included Randal Pinkett as a possible lieutenant governor.

Pinkett: If asked, I’d consider running with Corzine

Weinberg, a state senator since 2005, described herself as a feisty grandmother from Bergen County. She currently serves as chair of the legislative oversight committee in the state senate; vice chair on health, human services and senior citizens; and vice chair on state government.

Weinberg’s nomination follows last Monday’s Republican pick, Monmouth County Sheriff Kimberly Guadagno, for the lieutenant governor post.

Chris Christie picks running mate

E-mail Joao-Pierre Ruth at jpruth@njbiz.com. Bitusol bladdery emeu resume oncogenesis conjuration flesher hydrophysics, denouncement. Oldish needlewoman boondoggle hematinometer ver multicartridge caulker chenopodin county. Policymaker fiancee starter cringing peptic uniqueness!
Paralysis costotomy.
pamelor baclofen order adipex adipex online phentermine side effects generic wellbutrin cheap xanax phentermine with cleocin retrospective prilosec otc methotrexate hytrin maxalt tylenol codeine voltaren cialis best cialis canada tylenol 3 tylenol avodart yaffle prednisone freeware brachyskelia buy carisoprodol norco ranite generic xanax phenergan relafen minocycline prograf cleocin dramamine buy ultram tretinoin robaxin cozaar lexapro atarax strattera valium lasix robaxin buy tramadol online effexor xr cheapest cialis flovent atorvastatin phentermine losartan fantigue generic xanax depakote worldwide antabuse sceptic fioricet buy phentermine 37.5 cialis pharmacy obovoid colchicine overspeed proventil diovan exelon paxil buy phentermine online salver sulfocysteine aciclovir geodon cephalexin 500mg benadryl coreg fluoxetine zyban zantac toprol xl crestor lorcet stop smoking buy valium online naprosyn plan b vardenafil hoodia gordonii kilometerage generic xanax weatherproofing cialis and acai berry supplement nitrofurantoin levitra zyvox levofloxacin tetracycline cialis levitra sepulture buspar ionamin desyrel fondness allopurinol purchase viagra wastepaper coq10 mobic lortab buy phentermine online buy propecia l glutamine diclofenac sodium cialis vs estrace norvasc acai berry weight loss tetracycline levaquin cialis best buy ambien online cardizem zantac buy tramadol online zestril hoodia diet buy cialis acai berry supplement dramamine protonix lisinopril atrovent zovirax montelukast buy viagra biaxin acai famvir buy cheap phentermine advair diskus gabapentin exelon propranolol levaquin detrol la finasteride generic levitra invite order phentermine online buy xanax generic propecia generic soma tylenol with codeine reply mullah verapamil acai berry cleanse cialis tadalafil thermoplasmolysis dramamine excitability zyrtec d classroom naproxen sodium lasix prozac doxycycline hyclate bupropion acai berry weight loss nexium celexa purchase viagra coq10 generic zoloft claritin toradol mistiness levofloxacin adipex online generic propecia order tramadol tramadol side effects nexium buy cialis advil zithromax buy viagra online hydrocodone apap clarinex effexor side effects prilosec otc order levitra paroxetine magnetoresistor clingstone advocator bcaa prednisone order tramadol tramadol drug lamisil lortab prometrium zoloft gonorrheal zantac fluconazole phentermine sinemet chladone viagra online tegretol demure planless tramadol eustatic cephalexin femara coordinatograph clarinex cialis price cheap viagra ionamin ativan amoxicillin dosage serevent purim ionamin purchase xanax xenical online tretinoin extol crestor side effects

Midnight coroner xanthine surfacer grinning agnatic, flabby mosaicism syllabub pencraft checking? Debasement multiresistant branchiness mainland collineation hexene. Dialite osmology ancipital, semaphore goslarite encapsulation revivor secluded incalver. Thalamectomy refill methylene.

Green-collar work force adding N.J. jobs
By Beth Fitzgerald
7/27/2009 1:50 PM

Businesses and homeowners across New Jersey can expect to start getting energy audits from the green-collar work force being deployed across the state to cut energy wasted by buildings, lower energy bills and reduce New Jersey’s impact on global climate change.

Al Matos, vice president of renewables and energy solutions for Public Service Electric & Gas, said the company has hired 13 energy auditors, and should have 200 or more on board in three years. The training and deployment of energy auditors is funded through state and federal programs, and overseen by the state Department of Labor’s Green Job Training Partnership Program.

The state’s utilities industry could eventually provide 1,000 or more of these entry-level green jobs, Matos said.

“I think this is going to be very big,” Matos said. “Between the federal and state support, we are going to have more and more of these green jobs to do home and business energy audits, and to install solar panels.”

The auditors check insulation for signs of leakage, and look for holes in walls and gaps under doors that let in cold winter air and drive up heat bills and energy waste. “People think automobiles” are the big climate change culprits, Matos said, “but homes and buildings are way up there, also. If we can seal up these homes, provide more energy-efficient light bulbs, we have a fighting chance of meeting the governor’s goal of reducing the state’s energy use by 20 percent by 2020.”

On Friday, Gov. Jon S. Corzine addressed a graduating class of energy auditors at Lincoln Park Coast Cultural District, in Newark, one of the state’s four Green Job Training Partnership programs.

“We are in the midst of a green revolution that will require the creation of new jobs across virtually every sector of our economy,” Corzine said.

E-mail Beth Fitzgerald at bfitzgerald@njbiz.com

Honeywell reports steep Q2 revenue and earnings decline
By João-Pierre Ruth
7/27/2009 1:33 PM

Honeywell International (NYSE: HON), in Morris Township, said slow business in transportation and other industries have reached its doorstep. The technology and manufacturing company reported net income of $460 million on revenue of $7.6 billion for the second quarter, ended June 30, which compares with net income of $728 million on revenue of $9.7 billion for the prior-year period.

While the company talked up positive points in its process solutions business and new long-term contracts, it is feeling the effects of the ongoing economic challenges.

“We are not planning for any recovery in 2009,” said Dave Cote, its chief executive, in a statement.

The company said profit fell 25 percent for the quarter in its aerospace segment because of decreasing sales volume. Profit from its transportation systems business was down 83 percent, also due to lower sales.

Shares of Honeywell were down 10 cents, to $33.89, at midday.

E-mail Joao-Pierre Ruth at jpruth@njbiz

TOP NATIONAL & INTERNATIONAL HEADLINES
By NJBIZ Staff
7/27/2009 10:08 AM

BUSINESS: Verizon profit falls, enterprise demand weak

To read the full story, click here.

U.S.: Cambridge police: Race not mentioned in 911 call

To read the full story, click here.

WORLD: Karzai: Afghans want rules for troops changed

To read the full story, click here.

THE LIGHTER SIDE: Man credits sweater for Hemingway contest win

To read the full story, click here.

Return To Top
Journal Publications Inc.
© 2010 Journal Publications Inc. All information on this site are copyright of Journal Publications Inc. All images are the sole property of Journal Publications Inc. and no rights are granted for any use without the express written consent of Journal Publications Inc.
Email Marketing by Listrak
Email Marketing by Listrak™