T H I S W E E K
Planners help keep inheritances
from winding up in state hands.
ESTATE PLANNING SPOTLIGHT
A L L B U S I N E S S ◆ ALL NEW JERSEY $2.00 J U NE 8, 2009 www.njbiz.com
The Environmental Infrastructure
Steven J. Dundas
Trust’s top credit rating allows it to
offer low-cost funds for projects.
50 percent of tech commission’s funding may be lost
BY JOÃO-PIERRE S. RUTH “Until we actually get a budget
THE NEW JERSEY Commission on figure, it’s tough to comment on
Science and Technology is celebrat- specific programs,” said Peter R.
ing grants it recently awarded to local Reczek, executive director of NJCST.
companies, but the agency faces a “Our question is whether or not cut-
Construction will soon begin on an avia-
funding cut of more than 50 percent ting back further on every pro-
tion park in South Jersey that’s slated to Dr. Mafalda Tengco, with Lorraine Goetsch, vice president of operations with health IT
in the latest budget proposal. gram, maintain-
help boost the economy, attract aircraft company MTBC, at the new electronic medical kiosk at the Care Center of Hamilton.
manufacturers and create jobs. It’s not the first crisis faced by ing all the pro-
Page 8 the commission — its 24-year histo- grams at a lower
ry is a long list of grant programs for [level], whether
Finance innovative companies peppered that makes any
with funding cuts and near-elimina- sense at all.”
get a booster shot tion. But with the economy still in
distress, advocates from the state’s
science community fear the agency
could wither away.
lead to a review
of programs Peter R. Reczek
backed by the commission, to
$20B stimulus injection aims to put doctors online On May 26, the commission determine which provides the most
awarded a total of $230,000 in fund- bang for the buck. “Nothing is
BY BETH FITZGERALD Follow the Money ing divided among four local com- sacred. We’re looking at everything.
By managing a balance sheet and per- IN SUPPLYING information tech- panies. Some $180,000 was awarded We’re most interested in funding
forming internal audits, business own- nology to doctors, MTBC, based in Tracking federal stimulus dollars to three companies through the those entities that are at greatest risk
ers can prevent fraud and other factors the Somerset section of Franklin from Washington to Trenton New Jersey Technology Fellowship of survival,” Reczek said.
that might put their companies at risk. Township, has found its clients have But the medical profession’s program. But the 2009 budget pro- The state’s incubator program,
embraced electronic billing but reluctance to computerize itself has posal would cut funding for the for example, supports companies