Pinpointing a location
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
New Assembly committee targets
gaming industry regulations. page 5
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-
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
EPA program: Waste
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
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.