The Review - December 21, 2015 by Matthew Sweder

This month’s issue sponsored by:

A DIGITAL NEWSLETTER | December 21, 2015

Connect with us:

LEGISLATIVE RECEPTION

CLICK THE PHOTOS FOR MORE COVERAGE

Honoring the Leaders & Members of the South Jersey Legislative Delegation Wednesday, January 20, 2016 5:00-7:00 p.m. Trump National Golf Club, Pine Hill

HOLIDAY PARTY 12/10

Please join us for our annual Legislative Reception as we honor members of the State Senate and General Assembly who represent Southern New Jersey. Enjoy great networking with fellow members and members of the South Jersey Legislative Delegation. Premium hors d’oeuvres and cash bar will be available for attendees to enjoy. Sponsored By HEALTH ISSUES 12/15

Click here to register

WHERE DO YOU GET YOUR NEWS? Choose New Jersey is looking for information on how business leaders get their news. Please take this brief survey to help us identify the best way to reach business leaders who make decisions for organizations. Thank you in advance for your time.

VIRTUA SERIES 12/16

TABLE OF CONTENTS GOVERNMENT ACTION/02 UPCOMING EVENTS/05 MEMBER NEWS/09 NEW MEMBERS/11

GOVERNMENT ACTION Business Happens at GPI Friday, January 8, 2016 8:00 - 10:00 a.m. The Mansion on Main Street, Voorhees

GPI Corporate Members build their business while building their game

Schedule your free facility tour today, 856.638.5906, or visit www.gpinj.com.

featuring Richard S. Mroz, Esq. President New Jersey Board of Public Utilities

2036 Briggs Rd., Suite 300 Mount Laurel, NJ

gpinj.com info@gpinj.com golf performance institute

Rick Mroz, Esq., has served as president of the New Jersey Board of Public Utilities (NJBPU) since October 2014 and is a member of Governor Christieâ&#x20AC;&#x2122;s cabinet. The NJBPU has jurisdiction over the rates and facilities of electric, gas, water and wastewater, telephone and cable companies, while working to ensure consumers have access to safe and reliable service at reasonable costs. Please join us to hear from President Mroz who will discuss the recently released Energy Master Plan, as well as the goals and priorities of the NJBPU in 2016. Sponsored By

Interested in sponsoring?

Contact Meredith Lorrilliere at meredithl@chambersnj.com or 856.424.7776 ext. 118

Click here to register

opening in early january 2016 Monday, February 22, 2016 11:30 a.m. - 1:30 p.m. LOCATION TO BE ANNOUNCED featuring Congressman Tom MacArthur New Jersey Third Legislative District

CCSNJ members get an introductory signature massage or facial for $49 east gate square moorestow n, nj 08057 856.457.6444 www .spavi adayspa.com

C H A M B E R O F C O M M E R C E S O U T H E R N N E W J E R S E Y | T H E R E V I E W 1 2 - 2 1 | PA G E 2

EXPERT GUEST COLUMN Year-End Tax Planning Tips for Individuals By Neil Becourtney, CPA CohnReznick LLP

(AGI) exceeded $150,000 ($75,000 if filing status is married separate), or 90% of their 2015 tax liability. If prior year AGI was below $150,000, then the safe harbor percentage is 100%. For New Jersey, one must pay the lesser of 100% of their 2014 tax liability or 80% of their 2015 tax liability.

There has been very little in the way of federal and New Jersey tax law changes for 2015. And with 2016 being a major federal election year, one would not expect significant changes to the tax code next year.

Taxpayers that generate withholding, typically from wage income, can catch up before the end of the calendar year via accelerated withholding. All withholding is treated as paid ratably throughout the year regardless of when the withholding occurred.

Individuals can avoid incurring an underpayment of estimated tax penalty by having their 2015 income tax payments reach the lesser of two thresholds. For federal purposes, one must pay the lesser of 110% of their 2014 tax liability (safe harbor) if their 2014 adjusted gross income

A focus area for potentially lowering 2015 personal income tax liabilities is capital gains and losses. If a taxpayer has realized significant capital gain income for 2015, they might consider selling any items in their portfolio with unrealized

losses in order to trigger those losses as an offset against the capital gain income. For New Jersey, one never wants to be in a situation with an overall capital loss since no carryforward is permitted. If there are year-to-date capital losses, consider generating capital gains to utilize the losses. For federal purposes, a $3,000 capital loss deduction is permitted with a carryover of any additional capital losses indefinitely. Retirement contributions remain a valuable deduction. For 2015, an employee can contribute up to $18,000 to a 401(k) plan and, if over age 50, an additional $6,000 for a total of $24,000. Those with self-employment income can make contributions to a Keogh plan or SEP of up to $53,000 on earned income of $265,000

CohnReznick is an independent member of Nexia International

C H A M B E R O F C O M M E R C E S O U T H E R N N E W J E R S E Y | T H E R E V I E W 1 2 - 2 1 | PA G E 3

GOVERNMENT ACTION

as of December 18, 2015 DiLORENZO TO SENATE BUDGET COMMITTEE: “DON’T GIVE UP ON ATLANTIC CITY” On December 17, 2015, Debra P. DiLorenzo, President & CEO of the Chamber of Commerce Southern New Jersey (CCSNJ) testified before the Senate Budget and Appropriations Committee in strong opposition to SCR-185 (Sweeney), which would allow gaming outside of Atlantic City. Under the current Constitution, casino gaming is permitted only in Atlantic City. SCR-185 would allow for up to two casinos to be built in different counties that are at least 75 miles away from Atlantic City. The Legislature will determine the location of the casinos, as well as how they are taxed and regulated. The measure could be on the ballot for voters as soon as November 2016. In her testimony, Ms. DiLorenzo told the members of the Senate Budget and Appropriations Committee: “There is no question and no doubt that this constitutional amendment will ultimately result in more Atlantic City casino closures, more lost jobs, less business for vendors and higher unemployment, especially given that anywhere from 35 to 40% of Atlantic City casino customers hail from North Jersey and New York.” As currently written in SCR-185, revenue from gaming from the new casinos would be deposited into the New Jersey Investment Fund and allocated as follows:

year 10, at which time 19% of the revenue will be allocated to Atlantic City; •Half of the remaining 49% (which would increase by 3% per year for 10 years), would be allocated to all counties and municipalities for property tax relief for senior and disabled citizens and the other half allocated to the municipality in which the casino is located; •2% for programs that aid thoroughbred and Standardbred horsemen Ultimately, the measure easily passed out of Committee by a vote of 101-1, with the only “no” vote cast by South Jersey Senator Jeff Van Drew of the First Legislative District. Additionally, the Assembly Judiciary Committee considered ACR-2, which would also allow for casinos to be built outside of Atlantic City. However, the Assembly version – which does not match the Senate version – would call for less dedicated revenue to filter back to Atlantic City. This measure also won approval from the Committee, but the two constitutional resolutions need to be identical in order to continue to advance through the legislative process. The Chamber will keep our members apprised of new developments as they occur and, as always, will continue to fight this and other measures that would dilute the Atlantic City gaming market. To read Ms. DiLorenzo’s full statement to the Senate Budget and Appropriations Committee, click here.

•49% of revenue dedicated for “recovery, stabilization and improvement” of Atlantic City, which will decline 3% every year through

PAID LEAVE LEGISLATION WINS FINAL APPROVAL IN SENATE Yesterday, the full Senate passed S-785 (Weinberg), the so-called “earned sick leave” legislation that the CCSNJ has been fighting for more than two years. This bill will require employers of all sizes to provide paid sick and other paid leaves to their employees. Among the bill’s many problems, the legislation imposes a one-size-fits-all approach on businesses with no consideration of the many differences that exist between industry types, the financial ability of businesses to comply nor the creative ways in which these businesses already accommodate employee needs. Despite the CCSNJ’s and the entire business community’s strong and vocal opposition, S-785 (Weinberg) passed by a vote of 22-17. The Assembly version of the bill, which is different than the Senate version, has not yet passed. An identical bill must be passed in both houses by January 11, 2016. If that does not happen, the bill will have to be reintroduced in the new legislative session, which begins on January 12, 2016. Click here to read the Chamber’s full position on this legislation.

BEIP TAX CREDIT LEGISLATION ADVANCES Yesterday, A-4834 (Lagana/Burzichelli) and S-3232 (Sarlo/Oroho), passed their respective houses and the bills now awaits the Governor’s signature. This legislation would allow businesses due to receive a grant under Business Employment Incentive Program (BEIP) the option to receive tax credits instead. This measure was proposed by Governor Christie in his FY2016 Budget Address as an option for businesses, as the BEIP program has experienced funding shortages. While successful in supporting the creation of approximately 115,000 jobs in our state, awarding of the grant money has been stalled due to budgetary constraints. These bills would allow companies to amend their agreements with the NJEDA and change their grants to refundable tax credits, if they so choose, as an alternative to waiting for their BEIP grant. The CCSNJ supported these bills. Click here to read the Chamber’s full position on this legislation.

C H A M B E R O F C O M M E R C E S O U T H E R N N E W J E R S E Y | T H E R E V I E W 1 2 - 2 1 | PA G E 4

UPCOMING EVENTS

2016 JANUARY NETWORK CONNECTION EVENTS GLOUCESTER COUNTY

CAMDEN COUNTY

1738 Cooper Street, Deptford, NJ 08096

4 Lakeview Drive South, Gibbsboro, NJ 08026

January 7, 2016 Lunch 11:45 a.m. - 1:30 p.m. $25 CCSNJ Members $35 Non-Members

January 21, 2016 Lunch 11:45 a.m. - 1:30 p.m. $25 CCSNJ Members $35 Non-Members

February 4, 2016 Lunch 11:45 a.m. - 1:30 p.m. $25 CCSNJ Members $35 Non-Members

CAMDEN COUNTY

223 Haddon Avenue, Westmont, NJ 08108

Sponsored By

Interested in sponsoring? Contact Meredith Lorrilliere at meredithl@chambersnj.com or 856.424.7776 ext. 118

COMMITTED TO CAMDEN

FRIDAY, JANUARY 22, 2016

8:00 - 11:00 a.m. Adventure Aquarium, Camden

C H A M B E R O F C O M M E R C E S O U T H E R N N E W J E R S E Y | T H E R E V I E W 1 2 - 2 1 | PA G E 5

Some surprises are better than others.

We have plans to help New Jersey businesses save on health insurance. Finding health insurance to meet your employeesâ&#x20AC;&#x2122; needs as well as your bottom line can be complicated. We help make finding the right plan simpler, while our broad Oxford Garden State Network helps make getting care easier. Which is a healthy solution for everyone.

Contact your broker

visit uhc.com/gardenstate

Oxford HMO products are underwritten by Oxford Health Plans (NJ), Inc. Oxford insurance products are underwritten by Oxford Health Insurance, Inc. NJ-15-578 ÂŠ2015 United HealthCare Services, Inc. UHCNJ756496-000

Thursday, February 25, 2016 4:00 - 6:00 p.m. Marriott Wardman Park Hotel, Washington D.C. Join us at our VIP Reception and network with the “Who’s Who” of New Jersey politics and fellow CCSNJ members while enjoying superb hors d’oeuvres and open bar. Sponsored By

Did you know that CCSNJ offers you the opportunity to market to fellow member companies with our low-cost Member Access Program? For only $250, gain access to more than 1,000 companies and receive a comprehensive database that includes mailing information for member companies. Interested in emailing your message to members? Ask us about advertising opportunities in the Chamber’s e-Newsletter. For more information or to join our Member Access Program, contact Adriana Principato at 856.424.7776 ext. 123 or aprincipato@chambersnj.com. C H A M B E R O F C O M M E R C E S O U T H E R N N E W J E R S E Y | T H E R E V I E W 1 2 - 2 1 | PA G E 7

Your fellow Chamber members are waiting to do business with you.

2016

Newsletter Advertising Opportunities SPONSOR BANNER

Our newly designed 2016 e-newsletter, CCSNJ Connection, will offer sponsorship exposure, banner advertisements and opportunities to highlight your companyâ&#x20AC;&#x2122;s expert advice, news and discounts to fellow members. CCSNJ Connection is circulated to 6,500 business-people (5,000 members and 1,500 prospective members) twice each month: thatâ&#x20AC;&#x2122;s a total of 13,000 impressions per month. Advertisements link directly to your website, allowing you to provide visitors with more of your information, upcoming events and special promotions.

2016 Advertising Rates Newsletter Sponsorship: $2,500/quarter

Large BANNER 450x200

SPONSOR ADVERTORIAL ADVERTORIAL

MEMBER DISCOUNT

Small BANNER 300x300

Banner ads (header and footer) and featured advertorial

Large Banner (450x200 pixels): $500/month Small Banner (300x300 pixels): $250/month Advertorial: $200/issue 75-word (maximum) story with link to page

Featured Member Discount: $100/issue 25 word (maximum) featured discount for Chamber members

Featured Member News: $100/issue MEMBER NEWS

SPONSOR BANNER

35 word (maximum) featured news item

Interested in promoting your brand in our new Newsletter? For more information, contact Meredith Lorrilliere at meredithl@chambersnj.com or 856.424.7776 ext.118!

C H A M B E R O F C O M M E R C E S O U T H E R N N E W J E R S E Y | T H E R E V I E W 1 2 - 2 1 | PA G E 8

MEMBER NEWS Governor Christie Nominates CCSNJ Member Carl R. Gibbs, Jr., for Board of Trustees Governor Chris Christie filed several nominations with the State Senate Dec. 14, including Chamber of Commerce Southern New Jersey (CCSNJ) Executive Board member Carl R. Gibbs, Jr., CEO, Sturdivant & Co. Governor Christie nominated Gibbs for appointment to the Thomas A. Edison State College Board of Trustees. The Governor’s nominations are subject to the advice and consent of the State Senate.

Samaritan Healthcare & Hospice Announces 2016 Star-Themed Gala Plans Mary Ann Boccolini, CEO of Samaritan Healthcare & Hospice, announced that the not-for-profit organization’s annual Celebration of Life Gala will be held Feb. 6, 2016, at The Crowne Plaza, Cherry Hill in Cherry Hill, NJ. Holman Automotive will return as presenting sponsor. SJ Magazine publisher and editor-in-chief Marianne Aleardi will be honored with Samaritan’s 2016 Circle of Excellence Award for her personal and professional dedication to Samaritan and the community. Emceed by 6ABC Action News anchor Rick Williams, the event will include dinner, live music, dancing and an auction. In addition, the Gala will feature the prize drawings of Samaritan’s popular Delightful Dining Raffle, where two winners will receive 12 gift certificates to some of the area’s best restaurants. Each prize package is valued at $1,200. Proceeds from the evening will benefit Samaritan’s programs and services, including palliative and hospice care for uninsured or underinsured patients, community education, grief counseling and complementary therapies such as therapeutic massage and music therapy, as well as the new Samaritan Center at Voorhees – South Jersey’s only freestanding inpatient hospice, scheduled for a late 2016 opening. New this year, announced Gala Chair Dianna Geist of NW Financial Group LLC, will be the opportunity for attendees, as well as those who cannot attend, to purchase decorative stars to honor or memorialize loved ones – or Samaritan staff or volunteers -- who assisted in their care. For tickets, stars, Delightful Dining chances or sponsorship information, contact Julie Weitzman at (856) 552-3239 or jweitzman@samaritannj.org.

Capehart Scatchard Attorneys Present at NJ Workers’ Compensation Seminar Capehart Scatchard Workers’ Compensation Department attorneys John H. Geaney, Esq., Stephen T. Fannon, Esq., and Nancy J. Johnson, Esq., were featured speakers at a Millennium seminar event held Dec. 3 at the Hilton in Parsippany, NJ. A seasoned workers’ compensation practitioner for over 30 years, Geaney, a Moorestown resident, is the author of Geaney’s New Jersey Workers’ Compensation Manual and A Guide to Employment Issues Under the ADA & FMLA distributed by the New Jersey Institute for Continuing Legal Education. Geaney concentrates his practice in the representation of employers in workers’ compensation defense matters, the Americans with Disabilities Act, and the Family and Medical Leave Act. Fannon, a Marlton resident and co-chair of the firm’s Workers’ Compensation Department, has been with the firm for 36 years and concentrates his practice in the representation of employers, self-insured companies, third-party administrators, and insurance carriers in workers’ compensation defense. Johnson, a New Jersey resident, concentrates her practice in the defense of workers’ compensation representing major self-insured corporations, insurance companies and clients of third-party administrators. She is a frequent lecturer on workers’ compensation and Medicare issues. She is certified by the Supreme Court of New Jersey as a Workers’ Compensation Law attorney, Johnson is an officer of the New Jersey State Bar Association Workers’ Compensation section and a member of the College of Workers’ Compensation Attorneys and Justice James Coleman Workers’ Compensation Inn of Court. C H A M B E R O F C O M M E R C E S O U T H E R N N E W J E R S E Y | T H E R E V I E W 1 2 - 2 1 | PA G E 9

MEMBER NEWS Torcon Celebrates 50 Years in Business

A Message from Ben and Joe Torcivia, Co-Presidents As we celebrate the 50th anniversary of Torcon, we can’t help but reflect upon the vibrant history of our familyowned business and the meaning behind this milestone for our firm. It means we’re doing something right, because our customers have recognized the value of our services and trust us with their most important projects. It signifies the industry’s design professionals, subcontractors and vendors value our expertise and capabilities, and know they can rely on us to treat them fairly, and to work with them so we all can be successful. It shows our staff has successfully adopted our company culture of integrity, customer service and performance. How we conduct ourselves each day is as important as the buildings we build. Since Torcon was established by our father, Ben Torcivia in 1965, the company has grown to become one of the nation’s leading construction managers. We are an industry leader in safety, preconstruction services and the intelligent adaption of technology. We are also a CM with true expertise in complex projects for corporate, educational, healthcare and pharmaceutical customers. But at our core, Torcon has always been a company whose people care deeply about their work and about helping our clients meet their project goals, every day, year after year. We thank you - the customers, architects, engineers, and contractors who have helped our company succeed. As we turn the page and embark on our next 50 years, we salute Torcon’s staff for being true to our values and for living the vision of Benedict Torcivia, Sr.

NOMINATE YOUNG SJ LEADERS TO RECEIVE 2016 HALO AWARD Do you know someone in South Jersey who is a successful professional and regularly expresses their commitment to the betterment of our community through local organizations, projects or programs? Who has made a difference in South Jersey and done so before the age of 45? On March 16, 2016, at the Crowne Plaza Cherry Hill, the South Jersey Young Professionals Association (SJYPA) will honor a stellar young professional during its annual Halo Ball, kicking off at 6:00 p.m. Proceeds from the event will benefit Camp No Worries, an annual summer camp for children with cancer and their siblings, run by dedicated volunteers in coordination with the YMCA of Burlington and Camden Counties. If you know someone who meets the following criteria, please nominate them for the 2016 Halo Award: • A Young Professional (age 21-45) who LIVES and WORKS in South Jersey • A person who has developed a respectable career in their industry as a leader, executive or business owner • Someone who contributes to our South Jersey community consistently and in a measurable manner • An exemplary South Jersey citizen CLICK HERE to complete the nomination form and submit it to haloaward@sjypa.org by January 15, 2016. C H A M B E R O F C O M M E R C E S O U T H E R N N E W J E R S E Y | T H E R E V I E W 1 2 - 2 1 | PA G E 1 0

NEW MEMBERS ACCOUNTANTS

Friedman LLP Marlton, NJ www.friedmanllp.com Friedman LLP has been serving the accounting, tax and business consulting needs of companies since 1924.

BEVERAGES - WHOLESALE, BOTTLING & DISTRIBUTION Coca-Cola Refreshments Philadelphia, PA www.coca-cola.com

Beverage and vending company.

COLLEGES/UNIVERSITIES

Atlantic Cape Community College Mays Landing, NJ www.atlantic.edu Atlantic Cape Community College is a comprehensive nonprofit publicly-supported educational institution that creates opportunity by providing access to superior educational programs.

DISASTER RECOVERY SERVICES Mastertech Environmental Magnolia, NJ www.mastertechmold.com

Services include mold inspection, testing, remediation and prevention; water/flood cleanup; structural drying; waterproofing; sewage cleanup and disinfecting; hoarding/bio cleanup.

FACILITIES & INFRASTRUCTURE SERVICES US Facilities, Inc. Haddonfield, NJ www.usfacilities.com

US Facilities is a nationally recognized minority owned company providing turnkey solutions in facilities maintenance and infrastructure services.

GOLF

Golf Performance Institute Mount Laurel, NJ http://gpinj.com/ The Golf Performance Institute is South Jersey’s premier indoor golf training facility. Improve your game with our Titleist Performance Institute certified professionals and golf-specific fitness.

HOSPICE

VITAS Healthcare Mount Laurel, NJ www.vitas.com VITAS Healthcare is the largest hospice company in the United States.

INVESTMENTS

Janney Montgomery Scott, LLC Mount Laurel, NJ Since 1832, Janney is a full-service financial service firm, providing financial advice and superior service to investors.

LAW FIRM

Zucker Steinberg & Wixted Camden, NJ www.zswlaw.com Law firm in Camden and Atlantic City concentrating in criminal, immigration, business, personal injury and family law matters.

Schwartz Simon Edelstein & Celso, LLC Morris, NJ www.sseclaw.com Full service firm committed to excellence in representation of private clients and public entities including Municipalities, Authorities and School Districts.

MASSAGE

Spavia Moorestown, NJ www.spaviadayspa.com Spavia offers high quality, customized, affordable spa services in a relaxing atmosphere. We alleviate stress and tension through our massage, facial, and body treatments while providing ultimate relaxation and an exceptional experience for our members and guests. We are your spa. Spavia...what you need more often.

PHYSICAL THERAPY M&M Physical Therapy Mount Laurel, NJ www.mmptnj.com

M&M Physical Therapy provides Physical and Occupational therapy at our three offices in South Jersey. Our licensed therapists provide individualized care through a personalized treatment plan.

PUBLISHER

New Opportunity Publishing Pennsauken, NJ www.jerseymanmagazine.com Bi-monthly magazine catering to men’s interests but not exclusive of women. Includes business network and CEO club.

RECYCLING & WASTE CONTROL SPECIALITIES Waste Management Camden, NJ www.wastemanagement.com

We partner with our customers and communities to manage and reduce waste from collection to disposal.

RESTAURANTS

MOD Pizza Marlton, NJ www.modpizza.com Personal made-to-order pizza and salads.

Ms. SweeTea’s Clementon, NJ www.mssweeteas.com Conveniently located restaurant serving comfort food and southern desserts. Take-out/Eat-in.

STARR Restaurants Atlantic City, NJ www.buddakanac.com Buddakan and the Continental are the perfect location to host a special gathering.

TITLE COMPANY

Credit Lenders/Regional Title Gibbsboro, NJ www.creditlenders.com Full service Real Estate Information Services company specializing in title search, flood determinations, appraisals, and title closings.

C H A M B E R O F C O M M E R C E S O U T H E R N N E W J E R S E Y | T H E R E V I E W 1 2 - 2 1 | PA G E 1 1