VIEWS: 7 PAGES: 3 CATEGORY: Business & Economics POSTED ON: 7/14/2010
Consumers can buy the basic SwitchFlop shoe for $35, then pick up the interchangeable Velcro straps at $12 apiece to create a new look at a fraction of the price of a new pair of shoes. A serial entrepreneur, Davidson is the former CEO of Magic Cinemas, a New Jersey theater chain he has since sold; previously he was one of the first Taco Bell franchisees in the state.
Pinpointing a location THIS WEEK Small-business owners discuss what they look for in a town before setting up shop. Page 17 ® Small Business Spotlight $2.00 FEBRUARY 1, 2010 www.njbiz.com Betting they can cut red tape Christie reviews Christina Mazza New Assembly committee targets gaming industry regulations. page 5 transition team’s ‘bold’ proposals Reports focus on job creation, green energy on the cutting edge By anDrEW kitChEnMan Universal Display could see big gains NEW JERSEY BUSINESSES could find themselves operating from its organic LED technology. page 5 in a very different state over the next four years if Gov. Chris Christie enacts some of the far-reaching set of proposals put forward by his 19 tran- sition subcommittees. Ideas range from requiring a superm- ajority of the Legislature to approve tax hikes to taking over the stalled and vacant Xanadu megamall project. The labor report advocates taking the word “labor” out of the title of Depart- Chris Christie ment of Labor and Workforce Development, and refocusing the department on economic development. “The current thawing the credit freeze name suggests a bias toward organized labor, and a change in A local real estate group aims to create the name will help the department more closely align with all a funding source for new projects. page 7 stakeholders,” the report said. The reports were “full of bold ideas,” Christie said. Making it ➤➤ See REPORTS on page 9 page 12 EPA program: Waste Marketing tips page 13 Lindsay Phillips, 25, got the idea not, if you seek to save opinion for her own line of ﬂip-ﬂops page 14 when she was still in high school. Buyers flip for her flops off the Clock page 30 Agency shows benefits to recycling, using less a new look to nJBiz By shankar p. This week’s edition incorporates a number of useful new features. Learn Entrepreneur’s $17M footwear company gets kick from recession RUTGERS UNIVERSITY last year saved about $522,000 by managing and reducing waste at its New Brunswick and about what’s changed on page 14. By BEth FitzgEralD and more than $17 million in 2009. Piscataway campuses. Monmouth University, in West Long LINDSAY PHILLIPS was in high school “Being so young, I just went with my Branch, saves about $100,000 annually with its solar-power To subscribe to NJBIZ, call 866-288-7699 when she invented “SwitchFlops” — flip- natural instincts — and I knew I had to do installations, and earned another $45,000 last year by partici- flops whose patented Velcro straps peel this,” said Phillips, whose company is now pating in an energy-savings program with its utility provider. off and on for an instant fashion change. based in the Cedar Knolls section of Hanover. And PSEG, of Newark, has steadily cut the annual cost of .com Today, Phillips, 25, helps lead the explo- “You have to get started, and you can always managing 200,000 tons of waste from about $20 million in the sive growth of Lindsay Phillips Inc. — tweak the business along the way.” early 1990s to about $4.5 million last year.
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