In return, municipalities must commit their own cash and energy to the task of attracting and retaining retailers, commercial businesses and jobs to create a vibrant downtown business district. Administration heavy hitters like Lt. Gov. Kim Guadagno, Department of Community Affairs Commissioner Lori Grifa and New Jersey Economic Development Authority CEO C aren S. Franzini offered support for the program at a recent workshop of the state -run New Jersey Downtown Revitalization & Management Institute.
Seeking insight Christina Mazza from sidelined pharma execs Startup biotechs look to gather momentum by tapping expertise of top talent in search of work BY João-PIERRE S. RuTH GroWING A coMpANy from the halls of the state’s incubators can require some outside help. To that end, two dozen biotechnology and life science startups gathered last week to meet displaced pharma executives, in a bid to help them advance their plans to the next stage. And given uncertainty over the funding future of key state programs, out-of-work execu- tives may be the best resource available to these startups — at least, as long as the recession keeps these experienced professionals sidetracked. The event brought out companies from across the state, including a transplant in prog- ress: three-year-old Gallimed Sciences Inc., which is relocating from penn State University. Founder Guy Barbato, a long Beach Town- Highland Park is one town that’s benefited from the Main Street program. Standing on Raritan Avenue in the town’s downtown are, from left, local Main Street board members Walter ship resident, said he is moving Gallimed to ‘Skip’ Rogers, treasurer; Jenny Chapman, member and owner of the Through the Moongate store; Walter Deutsch, president; and Paul Lanaris, vice president. bring his operations closer to home and to tap Main attraction for retailers the talent pool in New Jersey. “We met two people who are potentials to help us out with the regulatory process,” he said. Gallimed will also look to add technical staff in September. The company is developing a potential pest control method using a Merck Legislature considering $3M boost in funding for downtown program of towns will be tied to the availability of finan- & Co. Inc. drug that it’s repurposing. cial resources. currently, Gallimed has two other active BY AnDREW KITCHEnMAn Affairs commissioner Lori Grifa and New Jer- Walter Deutsch, chairman of Main staffers, in addition to Barbato, who said he MAIN STreeT NeW Jersey, a state program sey economic development Authority ceo Street Highland park, said he was encouraged wants to build the company to a six- to 10-person designed to revitalize small downtowns and Caren S. Franzini offered support for the pro- by the christie administration’s support for operation in the short term. He also is exploring city neighborhoods, may receive $3 million in gram at a recent workshop of the state-run the program. a potential affiliation with a South Jersey univer- new funding, along with a vote of confidence New Jersey downtown revitalization & Man- “There are more towns that can benefit sity, but declined to disclose the name. from the Chris Christie administration. agement Institute. from this program,” said deutsch, who com- A former professor of genetics at penn Municipalities that join Main Street get Grifa said she is a “true believer” in down- pared the program in Highland park over the State, Barbato said he retired from the univer- free economic development advice from towns and the Main Street program. past seven years to a child growing up. sity in 2008, and began relocating the company Trenton. In return, municipalities must com- “It is one of the state’s most efficient pro- “We’re a little more mature, but we’re not the following year. “penn State is a great place, mit their own cash and energy to the task of
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