2017 Annual Meeting Luncheon: Presentation

2017 ANNUAL MEETING LUNCHEON

STEVEN BLUMENTHAL Chairman of the Board of Advisors, MBAF CPAs LLC

ANNUAL ELECTION OF THE BOARD OF ADVISORS

NOMINATED FOR ELECTION To a full three-year term expiring 2020 Tom Alessandrello Karen Davis-Farage Tom Eastwick Patti Goldfarb Dave Hollenbeck Bob Kilroy Tammy Molinelli William Murray Kevin O’Connor Dr. Anne Prisco Bret Sharretts Mark Sparta Michael Turner

Berkeley College RPM Raceway Eastwick College & the HoHoKus Schools Employee Benefits Advisors PSEG Jewel Electric Supply Co. Bergen County Workforce Investment Board MWWPR SUEZ Water New Jersey, Inc. Felician University Ernst & Young Hackensack Meridian Health HUMC Burton Trent Public Affairs

To an unexpired one-year term expiring 2018 Anthony Guzzo

Guzzo & Guzzo Architects, LLC

BOARD OF TRUSTEES

Chairman Fletch Creamer J. Fletcher Creamer & Son

Rich Branca Bergen Engineering

Dominick D’Agosta Former Senior Banking Executive

John Saraceno Onyx Equities

Vice Chairman Bill Hanson NAI James E. Hanson

Alex Klatskin Forsgate Industrial Partners

Jim Napolitano James R. Napolitano

Senator Anthony Scardino Jr.

Peter Unanue Goya Foods, Inc.

Former Mayor & NJ Senator Anthony Scardino & Associates, Inc.

Ed Russo Russo Development

STATE OF THE MEADOWLANDS

CORE VALUES

7 SECAUCUS EXTENSION

AMERICAN DREAM MEADOWLANDS

DESTINATION DEVELOPMENT = ECONOMIC DEVELOPMENT Building Transport Networks

The Catalytic Impacts of

Attracting Strategic Events

DESTINATION PROMOTION

Raising Quality of Life

Raising Destination Profile

Source: Oxford Economics (2014) “Destination Promotion: An Engine of Economic Development”

Hospitourism by the Numbers Approximately $745 million is generated by the hospitourism region in the Meadowlands each year • The number of visitors is increasing annually by 8% Visitors drawn to the Meadowlands’ venues, attractions, hotels and hospitality businesses • Spend $456 million • Support 10,000 jobs • Pay $233 million annually in taxes to support state operations Retail & hospitality combined as one industry is the second largest provider of jobs in the Meadowlands • Over 6,000 organizations and 55,000 jobs

AN ECOSYSTEM OF ECONOMIC OPPORTUNITY Home to the largest business growth & GDP in New Jersey SmartAsset (Hudson & Bergen Counties)

QUICK STATS

41,291 Establishments

452,022 Employees

Total Population: 964,600 people Median Household Income: $72,280 Labor Force: 514,955 people Number of Businesses: 41,291 Office & Industrial Space: >25 million square feet in the Greater Meadowlands region (excluding Jersey City which has 14.5 million square feet). Over 40 million square feet in total throughout the region

964,600

Total population of the Meadowlands (median age 38 years)

514,955

Greater Meadowlands labor force

HEALTHCARE & SOCIAL SERVICES

RETAIL & HOSPITALITY

PROFESSIONAL, SCIENTIFIC, TECHNICAL SERVICES

Establishments

31,428

4,262

6,054

35,183

55,221

7,714

63,344

Jobs

1,645

MANUFACTURING

• Online readership of MUSA is up 30% over 2016.

• 150 Member-contributed bylined articles in 2017. This is UP 16% from 2016. We broke 2017’s goal of 135 member-contributed bylined articles, and will now try to increase the number to 160.

• Continuing to see steady increase in both print & digital advertising • Direct-mail print circulation has nearly doubled.

www.MEADOWLANDSUSA.com

TOTAL NUMBER OF REFERRALS IN 2017

4,147,186

WEBSITE BUSINESS REFERRALS

11,331

AVERAGE EVERY DAY

10% increase over 2016!

2,198

EACH MEMBER AVERAGED

53 EVENTS IN 2017

• Sold out for 2nd Year • Over 600 attendees

SAVE THE DATE! MAY 9TH 2018!

50 students & young professionals already in the workforce participated • Topics: o Education o Workforce o Mobility/Commutation o Livability o Civic Leadership • Takeaways: o Very few knew what a Chamber of Commerce does o Emphasis on equal work & more flexibility with their work schedules o Future work space = more technological & virtual o Greater confidence in Uber/Lyft than in Mass Transit o Majority would rather own their own home/apartment than rent o Affordability is the main reason Millennials are leaving NJ

COMMUNITY CATALYST

BASKET BRIGADE

SCHOOL SUPPLY DRIVE

SOCK DRIVE

CELL PHONE DRIVE

COMMUNITY CATALYST Together our MLCVB member hotels donated a pallet of toiletry items to the Bergen County Shelter

RAISED OVER $10,000 BENEFITING

INDUSTRY INVOLVEMENT & AFFILIATIONS

$1,100 TOTAL REFERRAL DOLLARS EARNED 24/7 Networking Sales

James Brown CPA

Action Graphics

McGowan Builders

At Home Sleep Solutions

Nemark Grubb Night Frank

B2B CFO

Novomni

Business Boomers

Paradigm Associates

Bergen Volunteer Medical Initiative

RPM Raceway

Comfort Keepers

Ruggles^2

Epoch Press

The Social Scene

Guzzo & Guzzo Architects

Wells Fargo Advisors - Thomasset & Benoit

Hilton Meadowlands Hotel

EMBER 1. Center For Internet Security Cyber Solutions for all size Companies, Academia & Nonprofits 2. Retirement Solutions 3. Long-term Care & Care-giver Resources 4. Business Learning Academy targeted at Small Businesses & their Employees

Member of the month will receive: • Special Social Media recognition • A 30 day spotlight on the MRC Homepage including company logo with link to company webpage • Complimentary sponsorship at the following Monthly Networking Meeting • Special Recognition in Meadowlands USA Magazine highlighting Members of the Month • Special recognition on Meadowlands Snapshot E-Newsletter • Nomination to become Member of the Year, selected from the pool of Members of the Month

2017 Members of the Month

MARCH

MAY

JANUARY

FEBRUARY

APRIL

JULY SEPTEMBER

OCTOBER AUGUST JUNE

STATE OF THE MEADOWLANDS STRONG & GETTING STRONGER!

RALPH IZZO Chairman, President & CEO

New Jersey’s Energy Future

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The only thing that is constant is change

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Energy efficiency scorecard

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What if ?

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PSEG has invested more than $1.5 billion in solar in New Jersey and 13 other states

At PSE&G – 125 MW in more than 30 large-scale universal solar, centralized solar, brownfield and landfill, pole-attached and resiliency pilot programs Those who pay subsidies (ratepayers and taxpayers) are the same as those who also reap the benefits 42

PSEG is dramatically cleaning our generation portfolio in New Jersey Retiring Coal Plants in New Jersey

Hudson

Mercer

Investing $2 billion in three new clean gas plants (One in New Jersey)

Sewaren

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Sources of air emission-free (CO2, NOx, SOx, particulates)

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Increased customer demand for resiliency and reliability

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We are responding

•

Energy Strong – raising substations flooded by Sandy

•

Replacing gas mains – some more than 100 years old

•

Rewiring and upgrading our transmission system

We are ready to do more!

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We need to get incentives right

The makers of candles did not invent the electric light bulb.

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If nuclear were to close: • New Jersey would take a significant step backward in

• Fuel diversity and reliability • Clean air and environmental protection • Customer costs and affordability

N.J. Needs Nuclear n j n e e d s n u c l e a r. c o m 48 12

PSEG is committed to New Jersey • PSEG serves the best interests of N.J. and its people • PSEG places sustainability – social awareness, economic growth and environmental protection – at the forefront of its agenda • PSEG’s reliable, resilient grid powers your life 24/7, keeping you connected at home, at work and on the go • PSEG is leading N.J. toward a stronger, cleaner, more efficient energy future

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So what is the future of energy in New Jersey?

Hopefully it is one where: • We all use less energy • That energy is cleaner

• And it is even more reliable and resilient than the energy of today All at a reasonable cost

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THANK YOU FOR ATTENDING

ANNUAL MEETING LUNCHEON

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