Towns seek edge in attracting employers by ProQuest


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                                                                                                                                                                                           outsourcing helps companies
                                                                                                                                                                                          avoid massive purchases of tech
                                                                                                                                                                                           items that quickly depreciate.
                                                                                                                                                                                                           Page 19

                                                                                                                    ®                                                      Banking & Finance Spotlight
                                                                                                                                                     $2.00                  NOVEMBER 23, 2009              

New Jersey legislators see room for
compromise on issues that affect
businesses in the state.
                                                                                                                                                     Towns seek edge in
                                                                                                                                                     attracting employers
Page 8                                      Rising taxes and fear of a
Real Estate                                 health care mandate have
                                            business owners afraid they’ll

                                                                                                                     Christina Mazza
                                            be driven out of New Jersey,
                                                                                                                                                     Economic development agencies court small businesses
                                                                                                                                                             By martin c. daks                  opment agency in 2010.
                                                                                                                                                     morE muniCiPAliTiES in new                      “We’re happy to have a big
                                                                                                                                                     Jersey are launching or expanding          company like Johnson & Johnson’s
                                                                                                                                                     economic development agencies in           Ortho-Clinical Diagnostics here, but
                                                                                                                                                     the hopes that a local touch will give     we’d also like to reach out to small

                                                                                       at a                                                          their town or city an edge in attracting   businesses,” said mayor Jo-Ann

                                                                                                                                                     employers during a tough economy.          Liptak. “in this trying economy, out-
Investors are showing increasing
                                                                                                                                                           one example is raritan Bor-          reach efforts like this are even more
interest in the multifamily market.
Page 10                                                                                                                                              ough, which hopes to open a devel-           ➤➤   See ECONOMIC on page 6


                                                                                                                                       Christina Mazza

                                            Joe Kelly, owner of
                                            Jay-Kay Wine & Li-
                                            quor, says annual tax
                                            and fee increases are
Lawsuit shows it’s tough to prove a
                                            wearing him down.
company is master of its doman name.
Page 13
                                                                   By andreW kitchenman
Sales Tips

                                                                                                                                                     Camden firm taps tech
                                            THE rECESSion AnD looming health care cost increases have raised alarms
Page 14
                                            among new Jersey business owners, who saw their state rated the nation’s
Economic Heartbeat                          worst business tax climate for the fourth straight year.

                                                                                                                                                     to thwart cyber threats
October marks another month of                   Joe Kelly, owner of Jay-Kay Wine & Liquor, in Bordentown, said annual
private-sector job losses in New Jersey.    tax and fee increases are wearing him down.
Page 15                                          “All these things add up — it gets more and more expensive” to oper-
                                            ate a business, Kelly said, citing an increase in liquor license costs. now
Opinion                                     he is concerned about whether there will be a federal mandate to provide                                     Rising demand for virtual safety fuels startup’s growth
Page 16
                                            health insurance.
Scene                                            new Jersey Chamber of Com-      Inside                                                                        By shankar P.                          The public outrage that fol-
Page 31                                     merce President Joan Verplanck ■ Economic recovery means                                                 on A SATurDAY night in late may,           lowed and police reassurances to
                                            pointed to the potential effect that planning for higher taxes in the                                    thousands of teens converged and           crack down on this new form of
 To subscribe to NJBIZ, call 866-288-7699   federally mandated health care new year. Page 12                                                         went on a rampage in South Phila-          street crime paved the way for a
                                            costs will have on already overbur- ■ Disclosure requirement may                                         delphia, hijacking a taxi, ransacking      half-a-million-dollar contract from
                                            dened new Jersey businesses.            leave small rms waving red                                       a convenience store and assaulting         the federal defense department’s

                                                 Verplanck is particularly            ags at IRS. Page 12                                            a woman yanked from a car, accord-         Bureau of Justice Assistance for Dra-
                                            concerned with a measure in the                                                                          ing to news reports.                       kontas Inc., of Camden.
                                            House bill that will increase income taxes on high-wage earners to pay                                        The teens had assembled using               Drakontas specializes in sup-
nJBiz delivers daily news and analysis of   for health care reform — a proposal she said hasn’t yet received much                                    Twitter and text messages, egged on by     plying law enforcement services
New Jersey’s important economic issues
online at Sign up for
                                            attention.                                                                                               one youngster who wanted to “orga-         for the justice, defense and security
our daily e-mail alerts, read our blogs,         Verplanck would like to see a sustained focus on the burden that new                                nize some Broad Street riots,” read the    markets; it will train investigators to
write a letter to the editor and more.                                                       ➤➤   See TAX on page 8                                  report, published at                  ➤➤   See CRIME on page 5

              For address or name corrections, fax label to (732) 846-0421                                                                                      Your weekly guide to the people, places and events you need
                                                                                                                                                                to make the right connections and grow your small business.

                                                                                                                                                                Mortgage Bankers/Brokers Page 23          Savings Banks Page 25

                                                                                                                                                                Who’s News            Page 28      Calendar of Events       Page 29
                                                                                                                                                                Bankruptcies          Page 30  
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