Favoring furloughs over firings

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					       T H I S       W E E K

                                                                                                                                                                                                Growing from within
                                                                                                                                                                                                         New Jersey aims grant incentives
                                                                                                                                                                                                         at manufacturing companies in
                                                                                                                                                                                                         order to attract, retain business
                                                                                                                                                                                                              within the state. Page 19
                                                                                                                                                                                                             MANUFACTURING SPOTLIGHT
                                                 A L L      B U S I N E S S            ◆   ALL NEW JERSEY                                                               $2.00                      APRIL 6, 2009                        www.njbiz.com
A Hudson River rail tunnel project

                                                                                                                                                                        Stimulus funds drive

                                                                                                                                   Courtesy of Harrah’s Entertainment
said to ease rush hour congestion
between Manhattan and New Jersey
is slated to take off, even without full

                                                                                                                                                                        transportation work
federal funding.
Page 8

Real Estate
                                                                                                                                                                        Small firms lining up for bridge, road, rail projects
                                                                                                                                                                                    BY SHANKAR P.                    old trade group’s 1,050 members
                                                                                                                                                                        TRANSPORTATION projects funded               specialize in road, bridge, highway
                                                                                                                                                                        by federal stimulus dollars are gath-        and related projects, he said.
                                                                                                                                                                        ering greater speed and energy, with                The top priorities in identifying
                                                                                                                                                                        bid invitations,                                                    projects to be

Industry experts predict an increase in
                                                                                                                                                                        contract awards
                                                                                                                                                                        and construc-
                                                                                                                                                                                                  Follow the Money                          rolled out, in
                                                                                                                                                                                                                                            order, are “safe-
the number of workouts within the                                                                                                                                       tion starts con- Tracking federal stimulus dollars                  ty and security
commercial real estate market in the                                                                                                                                    tinuing to be            from Washington to Trenton                 of the trans-
coming months.
                                                                                                                                                                        a n n o u n c e d . Inside                                          portation sys-
Page 10
                                                                                                                                                                        The Depart- • List of transportation projects. Page 4               tem, keeping
Finance                                                                                                                                                                 ment of Trans- • Federal funds go to trans-Hudson rail              the system in
                                                                                                                                                                                            tunnel as project gets on track. Page 8
                                                                                                                                                                        portation is set                                                    good shape and
                                                                                                                                                                        to invite bids for dozens of new proj-       good repair, meeting core capacity
                                                                                                                                                                        ects in the coming weeks, owing to           needs, and then, possibly, expan-
                                            Showboat’s Asian game room is just one of the amenities the casino is using to reach                                        an accelerated approval system it            sion,” said Richard Sarles, NJ Tran-
                                            that ethnic group. Others offerings include restaurants and noodle bars.                                                    has adopted.                                 sit’s executive director.
                                                                                                                                                                              The first batch of a half-dozen               Sarles said he expects NJ Tran-
                                                                                                                                                                        transportation projects will go              sit to commit at least half the stimu-

More and more companies are accept-
ing credit cards from customers in
order to ease the transaction and
                                            Aiming gaming                                                                                                               through the bid process in the next
                                                                                                                                                                        two months, followed shortly by
                                                                                                                                                                        contract awards, said Robert Briant
                                                                                                                                                                        Jr., chief executive of the Utility and
                                                                                                                                                                                                                     lus dollars to projects by June 30,
                                                                                                                                                                                                                     and the rest within a year. “That
                                                                                                                                                                                                                     means you have to be pretty shovel-
                                                                                                                                                                                                                     ready, and have either gotten
speed up cash flow.
Page 12

Marketing Tips
                                            at Asian groups                                                                                                             Transportation Contractors Associ-
                                                                                                                                                                        ation in Manasquan. The 37-year-
                                                                                                                                                                                                                     through the environmental review
                                                                                                                                                                                                                           ➤➤ See PROJECTS on page 4

Page 15

                                            Population dominates Atlantic City parlor floors
                                                       BY SHANKAR P.                       and, to a lesser extent, Indians and
                                                                                                                                                                        Favoring furloughs over firings
Our Point of View: Resilient companies      ATLANTIC CITY — Asian casino-                  other South
Description: TRENTON - As job losses mount and the economy continues to sag, the administration of Gov. Jon S. Corzine is appealing to private-sector employers to think twice before resorting to layoffs - and if they have to cut payroll, to consider doing what the state government is doing: instituting furloughs. Many companies have quietly instituted furloughs, especially for positions management believes it will be able to easily refill when the economy recovers - like manufacturers, truck drivers, and limo and taxi drivers, said Don Mallo, vice president of human resources and counsel for Woodbridge-based Extensis Group, which provides outsourced payroll and human resources services.
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