The Offshore Wind Economic Development Act defines the standards the state Board of Public Utilities will use to determine which projects can be built In addition, it provides $100 million in tax credits for wind-energy facilities in southern New Jersey. Mandelstam said the legislation is necessary to allow the companies that have pursued certificates to install offshore wind turbines to move forward on their plans, which would face a federal review lasting as much as seven to nine years. [...] in light of current events, "if an offshore wind turbine falls over, there's going to be no oil spill," Mandelstam said.
THIS WEEK Healthy expansion Medical construction picks up as hospitals, pharma firms work to meet demand. Page 17 ® Construction/Developers Spotlight A lifeline for South Jersey bank Sun National Bank plans to grow after $2.00 July 12, 2010 www.njbiz.com N.J. talent inking $100 million deal to appease Courtesy Rutgers Athletic Communications federal regulators. Page 5 pool lures growing Pushing into clean tech A top public relations firm moves out- side of its real estate comfort zone and biotechs into an emerging market. Page 5 Survey says more startups Pending FDA approval seeking a toehold in state Pharmaceutical companies are stuck in By SETH BruCE limbo as the Food & Drug Administra- tion drags its feet over acceptable uses Tobira TheraPeuTics may be of social media sites. Page 5 only four years old, but its five-per- son management team has more than a century’s worth of experience in hIV research. that’s one reason James sapirstein, tobira president and Ceo, Rutgers sophomore wide receiver Mohamed Sanu carries the ball in a Big East clash against Louisville. Rutgers was passed over by the Big Ten in a is glad to be in new Jersey. recent expansion, but the conference has indicated it may add more schools, creating a potential windfall for new members. “As an hIV company, I felt the Big Ten means big business talent pool was here, and I could do a good job of recruiting the kind of Making It scientific and clinical-development Storage company expands its business people I would need for hIV,” he said. plan in a digital age to market to new tobira, which moved from clients. Page 12 Millions at stake, should conference re-examine Rutgers across the atmosphere: Princeton to “I think you’re going to see more Manalapan this Our Point of View By BrAD PArkS with a weak telescope. change in the short- to mid-term,” year, is hardly A tax cap is a good start for Christie, In the world of big-time col- So for those still hoping rutgers delany said. “we’re going to keep our alone: More but not an end-all when it comes to lege football — where innuendo and might find its way into the Big ten, eyes and ears open.” than 300 bio- spending reform in the state. Page 14 speculation are the principal lan- consider this statement from con- In other words, it ain’t over yet tech firms oper- Political Exchange guages spoken — parsing the talk ference commissioner Jim Delany for the Scarlet Knights. ate in new Jer- Legislators say advertising at toll plazas about conference realignment can — made shortly after the Big ten the Big ten announced in
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