Around the State
Banking and Insurance commissioner announces resignation
NJBIZ File Photo
Steven M. Goldman, state commissioner of Banking and Insurance, has resigned in order to join a New York law firm.
Goldman, an attorney, submitted his resignation June 29, and will leave his position July 15, said Marshall McK-
night, a Department of Banking and Insurance spokesman.
Goldman will join the firm of Kramer, Levin, Naftalis & Frankel LLP, which has offices in New York and Paris.
Goldman joined Gov. Jon S. Corzine’s administration in July 2006. He previously served as a senior partner after
22 years at Sills, Cummis & Gross P.C., which has offices in Newark, Princeton and New York.
When Goldman was in private practice, he focused on corporate law, including mergers and acquisitions, bank-
ing and finance, joint ventures, and leveraged buyouts, according to his biography on the department Web site.
McKnight said Goldman’s replacement hasn’t been announced yet. The next highest-ranking officials in the
department are newly named Division of Insurance Director Douglas Wheeler and Division of Banking Director
Steven M. Goldman joined the state Department of Banking and Insurance “The governor thanks [Goldman] for his service,” said Corzine spokesman Robert Corrales, adding that Corzine
three years ago, and will leave his position July 15. will announce Goldman’s replacement in the future. – Andrew Kitchenman
BPU OKs utilities’ capital cient building, with modern IT infra-
structure. Its founder and chief execu-
designing the project. The developer
will gut the interior of the warehouse Deals around the state
investment programs tive, Richard Hocker, also pointed to and convert the space into 361 sin-
n Universal Display Corp., in Ewing, a developer of organic LED
“greater access to management teams gle-level and loft apartments, as well
technology and materials for electronic displays, said it received a
Utility providers PSE&G, New Jersey for research purposes” and proximity as add a new penthouse level to the
$750,000 Small Business Innovation Research phase II contract from
Natural Gas and South Jersey Gas last to Center City Philadelphia and Phila- existing facility and construct a new
the U.S. Air Force Research Laboratory. The contract is for the devel-
week secured approval from the state delphia International Airport. freestanding two-level parking deck,
opment of a prototype non-glass, flexible OLED display that may be
Board of Public Utilities for their capi- The 22-year-old firm is wholly Minno & Wasko said.
used by pilots. The flexible display prototype is being developed in
tal investment programs. Collectively, employee owned, and specializes The Parkway Lofts — expected
conjunction with LG Display and L-3 Communications.
they promise to create nearly 1,000 in providing investment advice to to be complete in 2011 — will have
new jobs over the next 18 months. high-net-worth individuals. Some of immediate access to the Garden State
n Food manufacturer Campbell Soup Co., in Camden, shelled out
PSE&G’s plan is to invest $190 its employees live in Pennsylvania, a Parkway and be located less than 100
$426,000 to buy a 1.9-acre tract from the Delaware River Port Au-
million and create an estimated 688 representative said. – Shankar P. yards from NJ Transit’s Watsessing
thority. The purchase is part of Campbell’s plans to create a 100-acre
new jobs; South Jersey Gas plans to Avenue rail station. – Evelyn Lee
office park next to its headquarters. The property had been used as
spend $17.2 million in capital pro-
grams to create 163 jobs; and New
Demolition on Parkway a parking lot.
Jersey Natural Gas has an $18.3 mil- Lofts to begin in October Manalapan travel agency n Satellite communications services provider SES Americom-New
lion plan to launch 114 jobs. BPU said
it is still reviewing proposals filed by Prism Capital Partners will be-
is named in fraud suit Skies, in Princeton, said it signed an agreement with Retro TV to
transmit its programming across the country. Retro TV, a classic
Jersey Central Power & Light, At- gin demolition work in October
A Manalapan-based vacation travel television network, will use SES Americom-New Skies’ to increase its