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a quarterly focus on the people and the issues that drive New Jersey business 3Q 2015
ALSO INSIDE: Ways for Companies to Go Green in 2015 A Guide to Working with Interns Business Leaders and Legislators to Meet in Atlantic City
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table of contents
Cover 12 Brain Power and Sci-Fi Meet at the Gala
The N.J. Chamber's 2nd Innovation Gala Will Feature “Buzz Aldrin.” The Gala Will Celebrate Movies and Moments in Science Fiction that Inspired Great Innovations.
in Innovation Award’ After a New Jersey Woman Who Was Never Recognized
13 Why We Named our ‘Women Leaders
14 Come Meet the Honored Guests
12
at the Gala on Oct. 26
Message from the President 04 The New Jersey Business Summit:
A Time for Action
22 News Makers
09 focus on news 06 We Need Stronger
Accountability in K-12 Schools
08 Congress Should Reconsider Decision
to Let U.S. Export-Import Bank Expire
focus on environment 11 Reasons to Go Green:
Gain More Customers – and Money
features 16 Help for Weary Job Seekers
and the Companies that Hire them
18 Survey: The State’s High Cost
is Impeding Economic Recovery
focus on labor law 20 A Legal Guide To Hiring and
Working with Interns
focus on events 09 Business and Political Leaders to
Meet in Atlantic City for an Unprecedented Business Summit
10 Summer Networking Breakfast held at
Montclair State University School of Business
The movie posters above and on the cover were created by Ric Principato
President’s Message
The New Jersey Business Summit: A Time for Action BY THOMAS A. BRACKEN
This month we are doing something never before done in New Jersey. An unprecedented coalition of business and labor organizations across New Jersey are taking state legislators out of Trenton and to the Jersey Shore for a frank and constructive discussion about the best ways to grow our state’s economy. This two-day Business Summit on Sept. 17 and 18 at The Borgata Hotel in Atlantic City will be a forum for serious, solutions-oriented discussions (see page 9). And there will be ground rules. The most prominent of which is we will be looking forward, not back. Attending the summit will be a wide variety of business executives from large and small companies; legislators; and representatives from trade groups, labor, academia and nonprofits. Participants of the Summit will generate recommendations to address New Jersey’s most pressing economic problems, and help the Garden State improve its competitive standing nationally and internationally. The four main issues – as determined by a survey of more than 400 business owners and CEOs in every corner of the state – we will be addressing at the Summit are: • The state’s tax structure • State government’s regulations and mandates • Transportation and infrastructure projects • Workforce readiness The recommendations that come out of the Summit will represent many points of view and will reflect the best thinking of the business community. I want to thank the leaders of the State Legislature – Sens. Steve Sweeney and Tom Kean Jr., as well as Assembly Speaker Vincent Prieto and Republican Assembly 4 |
Leader Jon Bramnick – for committing to support and attend our Summit. We are also indebted to Lt. Gov. Kim Guadagno and current and former members of Gov. Chris Christie’s administration who have demonstrated their support for the Summit. Finally, I want to thank the many chambers of commerce across New Jersey and the business, trade and labor associations who have teamed with us to make the Summit a reality. As I noted earlier, this is an unprecedented coalition of business voices, united in one place at one time to help move New Jersey forward. There is still time for you to join us. You can register to attend the Summit as late as the morning of the event – Sept. 17 (there is a $50 registration fee which includes both days of the event, a cocktail reception on the evening of Sept. 17 and breakfast on the morning of Sept.18. Go to www.njchamber.com to register and for more information. Come to the Business Summit and use it as a forum to share your ideas with your business colleagues and state leaders. The more voices heard, the more effective the Summit will be. The time for action is now. ◆
Thomas A. Bracken President and CEO New Jersey Chamber of Commerce
CHAMBER STAFF
Thomas A. Bracken President and CEO
Donna Custard President, New Jersey Chamber Foundation
Michael Egenton Senior Vice President, Government Relations
Lawrence Krompier Vice President, Member Services
Ray Zardetto Vice President, Communications
Scott Goldstein Communications Manager and Enterprise Editor
Ric Principato Creative Director/ Web Tech Manager
New Jersey Chamber of Commerce Staff
216 West State Street Trenton, N.J. 08608 Phone: (609) 989-7888 www.njchamber.com
N.J. Chamber Events September 17 and 18 The New Jersey Business Summit: A Time For Action Borgata Hotel Casino & Spa in Atlantic City Sept.17-18 This two-day, first-of-its-kind summit will feature an unprecedented collaboration of many of the state’s chambers of commerce and business trade associations. It will include discussions about specific recommendations for solving the state’s top economic issues and will result in the formulation of a plan of action to present to state government leaders.
NJCC Board of Directors Officers Chair
Amy B. Mansue President & CEO Children's Specialized Hospital First Vice Chair
Robert Doherty New Jersey State President Bank of America Second Vice Chair
Linda Bowden Regional President New Jersey PNC Bank Treasurer
October 14 The N.J. Chamber Business and Legislative Awards New Jersey Center of Excellence, Bridgewater The N.J. Chamber will recognize outstanding state legislators and proactive business leaders for the work they do to ensure New Jersey is business friendly, economically successful and a great place to live and work.
October 26 2015 N.J. Chamber Innovation Gala: iGALA 2.0 5 p.m. to 8:30 p.m. The Palace at Somerset Park, Somerset
Howard Cohen Executive Advisor – NJ Wholesale Commercial Lending Group Wells Fargo Secretary
Robert Podvey Director Podvey Meanor Immediate Past Chair
Ralph Izzo Chairman and CEO Public Service Enterprise Group, Inc PUBLISHED BY
280 Summer Street, Boston, MA 02210 Phone: 617-428-5100 Fax: 617-428-5118 www.thewarrengroup.com ©2015 The Warren Group Inc. All rights reserved. The Warren Group is a trademark of The Warren Group Inc. No part of this publication may be reproduced in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without written permission from the publisher. Advertising, editorial and production inquiries should be directed to: The Warren Group, 280 Summer Street, Boston, MA 02210. Call 800-356-8805.
The New Jersey Chamber of Commerce is recognizing the state’s legacy of innovation with a festive gala that will feature fun, surprises and a few revelations.
For more information, go to www.njchamber.com
ENTERPRISE 3Q 2015 | 5
focus on news
We Need Stronger Accountability in K-12 Schools BY THOMAS J. DONOHUE
Congress has made important strides this year toward revamping K-12 education in America. The House and Senate have each voted to reauthorize the Elementary and Secondary Education Act (previously known as No Child Left Behind). Both versions of the legislation made a number of long-overdue reforms, including streamlining federal programs and requirements, ensuring that states have ownership and control over academic standards and annual assessments, and expanding charter schools. But before we declare a major victory for America’s public schools and their students, more work needs to be done to ensure that schools are held accountable for results and to keep the promise of a quality education for all our nation’s children. Indeed, the government can exercise accountability withThomas J. Donohue out the federal mandates of No Child Left Behind, which were disliked by many school systems. It remains in the national interest to measure the progress of all students. The results should be released, and parents and taxpayers should be told the truth about our education system. And schools must take action to help any students and groups of students – including minorities and those with disabilities – who are falling behind. 6 |
Yet under the House and Senate measures, schools could fail to meet their respective state’s goals for their students year after year and never be required to take any action. The U.S. Chamber believes that states must create accountability systems that focus on academic goals. Districts must identify schools where any group of students consistently fails to meet those goals. And, most importantly, districts must implement meaningful, targeted interventions to address academic achievement issues and help at-risk or failing students. House and Senate negotiators will sit down to work out the differences between their versions of the legislation. They must use this opportunity to add provisions to significantly improve accountability. If they don’t, the U.S. Chamber won’t be able to fully support the final law. Improving K-12 education happens to rank near the top of the list of issues that matter most to businesses. Why? Today’s students are tomorrow’s workers. The quality of their education directly impacts the competitiveness of our country’s workforce and the strength of our economy. So the business community has a big stake in our education system and a strong interest in seeing that each and every student succeeds. Providing the best possible education for all our students is the most effective way we can make certain that they face a lifetime of opportunity and that our nation has a bright future in a competitive global economy. ◆ Thomas J. Donohue is president and CEO of the U.S. Chamber of Commerce.
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focus on news
Congress Let the U.S. Export-Import Bank Expire WHY IT SHOULD RECONSIDER, FOR THE ECONOMY’S SAKE BY J.D. HARRISON
Congress recently decided to let the U.S. Export-Import Bank’s (Ex-Im) charter expire, effectively shuttering an agency that has for the better part of the past century helped American companies sell their goods and services to customers overseas. There are many reasons lawmakers should rethink that decision and renew Ex-Im: Since 1934, Ex-Im has provided trade financing and insurance to support U.S. exporters, helping thousands of companies break into new markets around the world. Over the past 81 years, the bank has helped thousands of U.S. companies, large and small – from fruit producers to aircraft manufacturers to ice cream makers – export products to customers overseas. In turn, those companies have generated more revenue, expanded more quickly and created more jobs for American workers. In fact, Ex-Im generated more than 150,000 U.S. jobs. In the process, the agency has generated billions in revenue for the U.S. Treasury. In other words, Ex-Im has made U.S. businesses and the U.S. economy stronger. However, Congress allowed Ex-Im’s charter to expire on June 30, and the bank must turn away all new requests for loans and export insurance. Consequently, U.S. firms are now at a distinct disadvantage against their competitors in countries like China, India and Canada, as every other major trading nation has an export credit agency. In some cases, firms aren’t even allowed to bid for contracts overseas if they don’t have the backing of their country’s export credit agency. Without Ex-Im, many U.S. exporters will see their revenue from international sales flying into the hands of their foreign competitors, which will translate into job losses back home – lots of job losses. It doesn’t take a crystal ball to predict what that would do to the U.S. economy. The federal government will lose the revenue that Ex-Im has been generating year after year, which will only add to our nation’s fiscal problems. Bottom line, losing Ex-Im is a lose-lose-lose; It hurts the federal government, it hurts U.S. businesses and it hurts American workers. ◆ J.D. Harrison is the senior editor for digital content at the U.S. Chamber of Commerce. 8 |
The Export-Import Bank’s History of Bipartisan Support uuPresident Dwight D. Eisenhower, Feb. 12, 1959: “[Ex-Im Bank’s] record of repaid loans and repayable loans, your infinitesimal portion of written-off loans is one that I can do nothing except to say congratulations to your directors, the president and to all of you.” uuJohn F. Kennedy, July 18, 1963: “The Export-Import Bank has created a wholly new program of export financing which now provides U.S. business with credit facilities equal to any in the world.” uuPresident Gerald Ford, Nov. 18, 1974: “In order for the United States to maintain its strong position in foreign markets, it is important that the Congress pass the Export-Import Bank bill and avoid attaching unnecessary encumbrances.” uuPresident Ronald Reagan, Jan. 30, 1984: “Exports create and sustain jobs for millions of American workers and contribute to the growth and strength of the United States economy. The Export-Import Bank contributes in a significant way to our nation’s export sales.” uuPresident William J. Clinton, May 6, 1993: “Export expansion obviously encourages our most advanced industries. I am committed to promoting these exports, and that’s where the Ex-Im Bank plays an important role.” uuPresident George W. Bush, June 14, 2002: “I have today signed into law S. 1372, the Export-Import Bank Reauthorization Act of 2002. This legislation will ensure the continued effective operation of the Export-Import Bank, which helps advance U.S. trade policy, facilitate the sale of U.S. goods and services abroad and create jobs here at home.” Source: www.exim.gov
focus on events
Business and Political Leaders to Meet in Atlantic City for Unprecedented Business Summit SEPTEMBER EVENT WILL PROPOSE SOLUTIONS TO THE STATE’S TOP ECONOMIC ISSUES
The state’s top-ranking legislators – Senate President Steve Sweeney, Senate Republican Leader Tom Kean, Assembly Speaker Vincent Prieto and Assembly Republican Leader Jon Bramnick – are among the legislators that will join business executives in a first-of-its-kind Business Summit at the Borgata Hotel in Atlantic City on Sept. 17 and 18. The Summit will examine key issues that New Jersey government leaders must address to improve New Jersey's competitive standing in the nation and the world. The issues to be discussed were identified in a survey of New Jersey business executives between April and June. This two-day Summit will include officials from many of the state’s chambers of commerce, business trade associations, not-for-profits, labor organizations and institutions of higher education, as well as representatives of the Christie administration, the state Legislature and local governments. “This is a great opportunity for the business community to do something it has not done in a very long time – speak with a unified voice to government officials whom we believe are ready to listen,” said Tom Bracken, president and CEO of the New Jersey Chamber of Commerce. On the first day of the Summit, Sept. 17, participants will discuss recommendations for solving the state’s top economic issues. On day two, Sept. 18, participants will formulate specific next steps to present to government leaders. ◆
New Jersey’s Pressing Issues
The N.J. Chamber of Commerce has been working with chambers of commerce from across the state to survey business executives to determine the most pressing issues hampering New Jersey’s economic growth. The most frequently cited issues will be addressed at the summit. They are: • The state’s tax structure • Government regulations and mandates • Transportation infrastructure projects • Workforce readiness ENTERPRISE 3Q 2015 | 9
focus on events
Summer Networking Breakfast Held at Montclair State University School of Business
From left are Chamber President and CEO Tom Bracken, president and CEO, NJCC; Dennis Bone, director, Feliciano Center for Entrepreneurship; and Greg Cant, dean, and Kimberly Hollister, vice dean, Montclair State School of Business.
From left: Marjorie Perry, president and CEO, MZM Construction; Shivaun Gaines, director, government relations, Montclair State; and Lolita Cruz, chief of staff for Assemblyman Thomas P. Giblin.
10 |
Attendees in the new Montclair State School of Business building during the Chamber event.
Michael Egenton, senior vice president, government relations, NJCC (left), with Chris Jeter, senior director, alternative finance initiatives, NJ Transit.
Photos by Mike Peters
Our summer member networking breakfast on July 22 was held at the beautiful new building that is the headquarters of the Montclair State University School of Business. Members were treated to a tour of the facility, which features academic space, meeting rooms and a business incubator. In addition, New Jersey Chamber of Commerce members exchanged business cards and discussed the latest Chamber programs, events and ways to grow their business. Members were joined by the Chamber’s executive team, including President and CEO Tom Bracken, Senior Vice President of Government Relations Michael Egenton, Vice President of Member Services Larry Krompier and Vice President of Communications Ray Zardetto. ◆
A student (left) talks with Keith Barrack, chief of staff, Montclair State, and Paul St. Onge, director, government affairs, Gibbons.
focus on environmental impact
Reasons to Go Green: Gain More Customers – and Money BY DIANA DRAKE
Once upon a time, companies were captivated by the prospect of “going green.” It involved embracing earth-friendly business practices, such as recycling, conserving and using natural products. Today, making smart “green” choices that help the environment – while still trendy – has become part of a broader business strategy Andrew Barclay driven by meeting the demands of a company’s customers, investors and employees. “Large corporations, be they automotive manufacturers or other industries, are looking at where their customers and investors are, and they’re addressing those interests,” said Andrew Barclay, a PwC partner in the firm’s power and utilities sector. “It has become cool to be enJeana Wirtenberg vironmentally conscious.” Companies who want to please their supporters are answering the call with plans for energy efficiency, water efficiency, recycling, commuting alternatives and other actions, such as buying from local businesses, acquiring cleaner-fuel vehicles and utilizing green cleaning products. An important first step is for businesses to recognize that sustainability is a competitive advantage, not an expense, said Jeana Wirtenberg, CEO of Transitioning to Green, a global sustainability management consulting firm in Montville. “It’s the environmental piece, the people piece and the economic piece all wrapped together,” said Wirtenberg, who last year published the book Building a Culture for Sustainability: People, Planet and Profits in a New Green Economy. Once companies embrace the sustainability mindset, they then need to imbed it into every function of the organization. Transitioning to Green, for example, has worked closely in recent years with Wyndham Worldwide in Parsippany, to help build the company’s sustainability culture. The consulting firm led 18 different “lunch and learns” there to help employees in various parts of the company – from facilities and human resources to marketing – to better understand how sustainability applies to them and how they can incor-
A Guide for Being a Green Company Here are a few ways for businesses can go green: XX Replace light bulbs with energy efficiency bulbs XX Install programmable thermostats XX Install lighting occupancy sensors XX Turn off computers and printers at the end of the day XX Replace old windows and doors with higher efficiency models XX Weatherproof buildings XX Install low-flow faucets XX Landscape with native plants XX Purchase used office furniture XX Offer reusable shopping bags XX Install bicycle racks XX Encourage carpooling and use of mass transit XX Provide pre-tax payroll deduction from carpool commuting costs XX Utilize green cleaning products XX Buy cleaner-fuel vehicles for your fleet Source: New Jersey Department of Environmental Protection
porate it into their daily work. Wirtenberg urges New Jersey companies that are eager to learn more about sustainability to take advantage of resources in New Jersey. The state Department of Environmental Protection runs the Sustainable Business Initiative, which motivates companies to pursue sustainability as a competitive business strategy. The Institute for Sustainable Enterprise at Fairleigh Dickinson University in Madison holds regular seminars. Transitioning to Green is teaming up with the Morris County Chamber of Commerce for a three-day Leadership for Sustainability program that begins Sept. 18. A useful way to approach the sustainability mindset, suggests PwC’s Barclay, is to think about the needs of your stakeholders and other people who have a direct interest in your corporation. Ask them: What is attracting you to interact with our company? What are your priorities? Then let their values guide your business management decisions. ◆ ENTERPRISE 3Q 2015 | 11
New Jersey Chamber’s Innovation Gala: A Preview
The New Jersey Chamber of Commerce has developed three movie posters, inspired by sci-fi movies, to help promote the Chamber’s 2nd annual Gala. Two are above and one is on the cover of the magazine. The posters were designed by Ric Principato, creative director, New Jersey Chamber of Commerce.
Brain Power and Sci-Fi Meet
AT THE GALA THE N.J. CHAMBER’S 2ND INNOVATION GALA WILL FEATURE ‘BUZZ’ ALDRIN, MICHIO KAKU AND SHIRLEY ANN JACKSON The N.J. Chamber of Commerce’s 2nd Innovation Gala on Oct. 26 will feature Apollo 11 astronaut Dr. Edwin “Buzz” Aldrin; physicist and television personality Dr. Michio Kaku; and physicist Dr. Shirley Ann Jackson, president of Rensselaer Polytechnic Institute (RPI) and the first African-American woman to earn a doctorate at the Massachusetts Institute of Technology (MIT). In addition to honoring and hearing from these science titans, we will name some of history’s best sci-fi movies, books and television shows, complete with famous clips, songs and a few unexpected special guests
12 |
from this world and beyond. After all, science fiction may be offbeat, but it played a role in inspiring some of Earth’s most groundbreaking innovations – many invented right here in New Jersey. That’s why we will celebrate. Join us at iGALA 2.0 on Oct. 26, 2015, at The Palace in Somerset. The cocktail reception begins at 5:30 p.m. and the dinner begins at 7 p.m. Science Imitates Art In the weeks leading up to the Gala, the N.J. Chamber continued on page 15
Why We Named our ‘Women Leaders in Innovation Award’ After a New Jersey Woman Who Was Never Recognized The New Jersey Chamber of Commerce is naming its “Women Leaders in Innovation Award” after Alice H. Parker, an innovator from Morristown who in 1919 developed an early concept of the modern home heating system. Parker was never properly recognized for her idea, likely because she was a woman, and an African-American, at a time in history when neither of those attributes were embraced as innovators. That’s why it’s fitting that the first recipient of the N.J. Chamber’s Alice H. Parker Women Leaders in Innovation Award will be going to Shirley Ann Jackson, an AfricanAmerican woman who has spent a career tearing down gender and racial barriers. Jackson is a former Bell Labs theoretical physicist, a stateswoman and currently president of the prestigious Rensselaer Polytechnic Institute (RPI). She has served two U.S. presidents as an advisor in the fields of intelligence gathering and science. She is the first African-American woman to receive a doctorate from MIT, in any field. And she has been called “perhaps the ultimate role model for women in science” in Time magazine. Jackson will receive the award at the N.J. Chamber’s Innovation Gala on Oct. 26 at The Palace at Somerset (to read more about Jackson, see her profile on page 14). And when Jackson receives it, Alice H. Parker will finally be recognized. Parker’s Contribution Parker deserves recognition. Her patented concept was the precursor to the thermostat and the familiar forced air furnaces in most homes today, replacing what was then the most common method for heating – cutting and burning wood in fireplaces or stoves. But beyond the information on her patent, there is very little we know about this pioneer. There are few records of her life, family and friends. In fact, nobody knows if she has descendants. After her patent, she practically disappeared. Parker lived in Morristown, according to the patent she filed. She took classes at Howard University, the university has confirmed. A copy of a patent granted to her on Dec. 23, 1919, contains her technical design for a natural gasfueled “new and improved heating furnace.” And while the idea of centralized heating was not new – the ancient Romans used a very basic version of it – Parker’s idea was the first time anyone had thought of using natural gas for home heating. Her intricate design is akin to the “zoned” heating systems in use today. Using gas as fuel, it sought to draw air from a single cold air box into individual heating units, which then delivered the air through ducts into
Alice Parker
various parts of the house. Parker’s patent is mentioned in the book African American Firsts in Science and Technology (Gale, 1999) by Raymond B. Webster, and on the website About.com. Pictures of her can be found online. So while her heating furnace idea was revolutionary, just as revolutionary is the idea of a black, female inventor of that era receiving a patent, said Neal Brunson, director of the Afro-American Historical Society at the Greenville Public Library in Jersey City. He, like leaders of most historical societies contacted, had not heard of Parker until Enterprise magazine inquired about her. “This represents a break from the industrial and domestic labor that most African-Americans were doing at that time,” Brunson told reporter Alicia Brooks Waltman for her piece in Enterprise magazine last year. “This [also] is a break from the culture of a woman who is supposed to be in the home. Instead, [Parker] is out inventing a product. And not just any product, a complicated, technical product.” He added, “A woman was not supposed to be doing this – an African-American woman, especially.” Well, Alice Parker of New Jersey did it. So on Oct. 26, we will honor Dr. Shirley Anne Jackson for her outstanding career in science, and for receiving the inaugural Alice H. Parker’s Women Leaders in Innovation Award. And we will recognize Alice H. Parker for her outstanding innovation in the area of modern home heating. Parker’s name will be attached to this annual award from this day forward – a tribute to a lost innovator. ◆ ENTERPRISE 3Q 2015 | 13
New Jersey Chamber’s Innovation Gala: A Preview
Come Meet
THE HONORED GUESTS at the Gala on Oct. 26
Dr. Edwin Buzz Aldrin, The Rock Star Astronaut Montclair native Dr. Buzz Aldrin will receive the N.J. Chamber’s Lifetime Innovation Achievement Award. Aldrin graduated third in his 1951 West Point class, flew 66 combat missions in the Korean War and retired as a colonel in the U.S. Air Force. But, of course, he will be forever remem-
“I STILL SAY, ‘SHOOT FOR THE MOON; YOU MIGHT GET THERE.’” – BUZZ ALDRIN bered for the two-and-a-half hours he spent as the second man to walk on the moon in July 1969. An estimated 600 million people – at that time, the world’s largest television audience in history – witnessed this unprecedented heroic endeavor.
Dr. Shirley Ann Jackson, The Trailblazing Stateswoman Dr. Shirley Ann Jackson, a theoretical physicist, a stateswoman and president of Rensselaer Polytechnic Institute (RPI), will receive the N.J. Chamber’s inaugural Alice H. Parker’s Women Leaders in Innovation Award. Jackson has served two U.S. presidents as an advisor in the fields of in-
“WE NEED TO GO BACK TO THE DISCOVERY, TO POSING A QUESTION, TO HAVING A HYPOTHESIS AND HAVING KIDS KNOW THAT THEY CAN DISCOVER THE ANSWERS AND CAN PEEL AWAY A LAYER.” – DR. SHIRLEY ANN JACKSON telligence gathering and science; she is the first African-American woman to receive a doctorate from MIT (in any field); and has spent a career breaking barriers. Time magazine has called her “perhaps the ultimate role model for women in science.” 14 |
Upon returning from the moon, Buzz was decorated with the Presidential Medal of Freedom, the highest American peacetime award. A 45-day international goodwill tour followed, where he received distinguished awards and medals from 23 other countries. Aldrin’s success with NASA went beyond the Apollo 11 flight. The docking techniques two spacecraft use to link up in orbit were devised by Aldrin and are still in use today. Aldrin solved another vexing problem during the space program’s early days. Astronauts found that working outside a spacecraft in the zero gravity was exhausting. Using his knowledge of scuba diving, Aldrin developed underwater training techniques that simulated weightlessness and became the first to successfully use these techniques in space. Since retiring from NASA, Aldrin has appeared in movies and is an author of eight books, including his 2009 New York Times-bestselling autobiography, Magnificent Desolation. His newest book, Mission to Mars: My Vision for Space Exploration, published in 2013 by the National Geographic Society, outlines his plan to get us beyond the moon and on to Mars.
In 2014, President Barack Obama appointed Jackson as co-chair of the President’s Intelligence Advisory Board, which assessed the effectiveness of U.S. intelligence activities. From 2009 to 2014, Jackson served on the President’s Council of Advisors on Science and Technology, which assists the White House in policy formulation in the areas of science, technology and innovation – crucial to strengthening the U.S. economy. Jackson was appointed by President Bill Clinton to serve as chairman of the U.S. Nuclear Regulatory Commission, from 1995 to 1999, where she led the agency that regulates and safeguards nuclear energy use in the U.S. As NRC chairman, Jackson represented the U.S. four times as a delegate to the General Conference of the International Atomic Energy Agency in Vienna, Austria (1995, 1996, 1997, 1998). From 1991 to 1995, Jackson was a professor of physics at Rutgers and concurrently served as a consultant in semiconductor theory at AT&T Bell Laboratories. Describing her as “a national treasure,” the National Science Board selected Jackson as its 2007 recipient of the prestigious Vannevar Bush Award for “a lifetime of achievements in scientific research, education, and senior statesman-like contributions to public policy.”
BOTH SCIENTIFIC RESEARCH & SCI-FI “BEGIN WITH THE SAME TWO WORDS:
‘what if …’”
DR. JAMES KAKALIOS
Dr. Michio Kaku, The Popular Scientist The Gala’s keynote speaker will be Dr. Michio Kaku, a theoretical physicist, bestselling author, acclaimed public speaker, renowned futurist and popularizer of science. As co-founder of String Field
“FOR THOSE WHO BELIEVE, NO EXPLANATION IS NECESSARY; FOR THOSE WHO DO NOT BELIEVE, NO EXPLANATION WILL SUFFICE.” – DR. MICHIO KAKU Theory, Dr. Kaku carries on Einstein’s quest to unite the four fundamental forces of nature into a single grand unified theory of everything. Kaku is the author of numerous New York Timesbestselling books, including Physics of the Future, Physics of the Impossible, Parallel Worlds, Einstein’s Cosmos, Visions, Beyond Einstein and Hyperspace. His most recent book, The Future of the Mind, was released in February 2014. Kaku has starred on TV shows on Discovery, the Science Channel, BBC, ABC and the History Channel; he is a news contributor to “CBS: This Morning;” and has been a featured columnist for magazines like Popular Mechanics, Discover, Cosmos, Wired, New Scientist and Newsweek. Kaku also was one of the subjects of the award-winning documentary, Me & Isaac Newton, by Michael Apted. He received a bachelor’s degree (summa cum laude) from Harvard University in 1968 where he came first in his physics class. He holds the Henry Semat Chair and Professorship in theoretical physics at the City College of New York, where he has taught for more than 25 years, and has been a visiting professor at the Institute for Advanced Study at Princeton. ◆
Brain Power and Sci-Fi Meet at the Gala
continued from page 12
has been revealing the Top 15 inventions that were born out of science fiction. Mark Twain, for example, uncannily described the Internet in a story he wrote in 1898. Jules Verne described an underwater vehicle that inspired the submarine in 1870 when he wrote Twenty Thousand Leagues Under the Sea. And Star Trek’s Captain James T. Kirk used a communicator on the 1960s show that inspired the cell phone. “The best of science fiction stimulates a curiosity and an interest in a topic,” once said Dr. Neil deGrasse Tyson, one of the world’s prominent astrophysicists and director of the Hayden Planetarium in New York City. Dr. James Kakalios, professor of physics at the University of Minnesota, said, “Both scientific research and sci-fi begin with the same two words: ‘what if …’” Celebrate Innovation Last year, the N.J. Chamber’s Innovation Gala attracted more than 600 guests, including Lt. Gov. Kim Guadagno; executives from the state’s top businesses and most prestigious R&D firms; a special delegation from the Isle of Jersey (our state’s namesake); and many of New Jersey’s greatest innovators and members of their families. Honored Guests At this year’s Gala, the N.J. Chamber of Commerce will present a Lifetime Innovation Achievement Award to Apollo 11 astronaut Buzz Aldrin, who, on July 20, 1969, became the second man to walk on the moon. Dr. Shirley Jackson will receive the N.J. Chamber’s inaugural Alice H. Parker’s Women Leaders in Innovation Award. (See article on page 13 about who Alice H. Parker was and why we named this award after her.) In addition to her service at Bell Laboratories, Dr. Jackson was a professor of physics at Rutgers for five years, and served as chair of the Nuclear Regulatory Commission during the Clinton administration. The keynote presenter will be Dr. Michio Kaku, visiting professor at the Institute for Advanced Study in Princeton who appears frequently on television and radio to promote and discuss science and physics. Kaku can attest to the power science fiction has in real life, since he counts Alex Raymond’s Flash Gordon as an inspiration. “I watched Flash Gordon as a kid and realized that the real hero of the story wasn’t the handsome Flash, it was the brilliant scientist Dr. Zarkov,” Kaku said. “He invented the rocket ship, the invisibility shield and the power source for the city in the sky. Without the scientist there is no future.” ◆
ENTERPRISE 3Q 2015 | 15
feature
Help for Weary Job Seekers and the Companies that Hire them BY CHRISTOPHER BIDDLE They are called the “exhaustees.” They are men and women of every ilk, some with exceptional skills and talents. They have been desperately seeking work for a long time. They have exhausted their unemployment benefits and they are quite literally exhausted – and demoralized – from their endless search for a good job. They are the long-term unemployed, out of work for six months or more. They are your friends, relatives or neighbors, many of them veterans or casualties of the Great Recession. They number more than 3 million in the U.S. and 160,000 in New Jersey. Fortunately, in New Jersey, there is hope for this weary crowd. Thanks to a $10 million federal grant awarded to New Jersey’s consortium of 19 community colleges, New Jersey is one of only 16 states implementing Ready to Work programs designed to connect the most qualified of these job seekers with employers who need their skills. The How You Can Participate N.J. Department of Labor & WorkEmployers force Development is contributing another $2 million to the effort. Call 609-393-9000, ext. 116, and ask for a Ready to Work representative, “Over the next four years, in New or email rtw@njworkforce.org. Jersey alone, we intend to assist up Job seekers to 1,000 of these individuals in preVisit www.rtwnj.org and complete the registration form paring for and finding good jobs. We will provide them with needed training, certifications, networking and support services Industry Association, New Jersey Technology Council and of every kind,” said Sivaraman Anbarasan, CEO of the BioNJ, along with New Jersey’s talent networks, will proNew Jersey Community College Consortium for Workforce mote the program to employers statewide. & Economic Development, which will coordinate the pro“State labor data shows that many employers are havgram throughout the state. ing difficulty finding the right people with the right skills, The Ready to Work New Jersey program will be as much training and experience to fill their jobs at all levels,” a boon to participating employers as it will be to those who Anbarasan said. “Our program connects those employers find work through it. Even before the grant was awarded, with job seekers who have the right experience and work 21 companies made a commitment to hire through this ethic, and it offers subsidized, on-the-job training to close program. A large part of the grant has been reserved for the skills gap.” salary reimbursements to the employers hiring the grant candidates. Industry associations including the New JerThis article was originally published in the March 2015 sey Chamber of Commerce, the New Jersey Business and issue of New Jersey Business Magazine. ◆ 16 |
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Survey: High Cost of Living Impeding Recovery High taxes and a high cost of living remain the single biggest obstacle to a full-blown economic recovery in New Jersey, say members of the state Chamber of Commerce in the Baker Tilly-New Jersey Chamber of Commerce Spring 2015 Economic Outlook Survey. The survey asked executives to identify the most significant problems New Jersey leaders should address to improve the state’s business climate and quality of life. Respondents could name as many issues as they thought necessary. About a third of respondents pointed to either high taxes or high cost of living as New Jersey’s biggest issue, while 28 percent implored state leaders to fix the Garden State’s roads, bridges and mass transit. Two issues (each mentioned by 13 percent of the respondents) were tied for third – the need for government to continue cutting red tape; and the need to fix the public pension system. Companies Contemplating Leaving New Jersey The survey asked executives if they were currently considering moving their businesses out of New Jersey. Executives at 14 of the 100 responding companies confirmed they were.
Ten of the 14 blamed high taxes or high cost of living as their reason. Others cited opportunities elsewhere. “It is no surprise that high taxes are at the top of the list,” said Tom Bracken, president and CEO of the New Jersey Chamber of Commerce. “New Jersey-based corporations pay a 9.4 percent tax rate, one of the highest in the country. Despite that, some in the state Legislature last month proposed increasing the corporate tax rate again to 10.75 percent. We fought hard against it, and thankfully Gov. Christie vetoed it.” Executives Remain Mostly Upbeat Despite the state’s challenging issues, business executives in New Jersey are optimistic about the future. More than four out of 10 respondents (42 percent) said they expect the state economy to improve over the next 12 months, while only 16 percent said they expect it to worsen. This is an improved outlook from the N.J. Chamber survey results a year ago, when only 35 percent of respondents said they expected the economy to improve, while 26 percent said they expected it would worsen.
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A large majority of respondents – 82 percent – said they expect their companies will either maintain or increase their staffing levels over the next 12 months. And more than threequarters (77 percent) of the respondents said they expect their companies’ revenue to stay even or increase. “There are many rewards to running a business in New Jersey, including a well-educated workforce, a second-tonone location between New York and Philadelphia and a consumer base with one of the nation’s highest household incomes,” said Bob Fodera, a partner at Baker Tilly. “Businesses located in New Jersey are situated in the nation’s most well connected region in the country. It’s a place many companies want to be. But they want to feel as though their issues are being heard and seriously considered by the Legislature.” Business Summit Announced The N.J. Chamber, along with a coalition of regional chambers of commerce and other business advocacy groups throughout the state, will jointly host a business summit at the Borgata Hotel in Atlantic City, Sept. 17-18, 2015, to offer specific solutions to the top issues identified by business executives. “New Jersey offers so many advantages to companies doing business here that we should be further ahead in our economic rebound,” Bracken said.“The summit will not be about blaming anyone or looking backward. The summit will focus on recommending solutions that can get New Jersey’s economy back on track."
What Employers are Saying About the New Jersey Economy When asked to identify the state’s most significant problems, here are some of the business executives’ answers: XX “Small businesses are bearing the burden of all budget deficiencies.” XX “There are too many layers of government.” XX “State and federal governments are aggressively interfering with good business practices.” XX “Stop making business the bad guy.” XX “Fix the infrastructure and stop the flight of the wealthy.”
“Anyone doing business in New Jersey is welcome to attend and we will be inviting all of our state legislators to join us,” he added. Survey Details The biannual Baker Tilly-New Jersey Chamber of Commerce Business Climate Survey is designed to measure the outlook of the state’s business leaders, ranging from single entrepreneurs to CEOs of Fortune 500 companies in a wide array of fields. A total of 100 business leaders were surveyed between May 5 and June 20. Most said they are presidents and CEOs, or senior-level executives. ◆
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ENTERPRISE 3Q 2015 | 19
focus on labor law
A Legal Guide To Working with Interns UNPAID INTERNS ARE NOT EXPECTED TO WORK; THEY ARE EXPECTED TO OBSERVE AND LEARN BY DIANA DRAKE
Thomas F. Doherty
Stephanie D. Gironda
Catherine P. Wells
Enterprising high school and college students often spend at least part of their summers engaged in internships. What better way to test-drive a career and gain valuable job skills than to spend a few weeks immersed in the corporate culture? Recent headlines suggest, however, that when it comes to the legalities of hiring interns, businesses should beware. Last month, Sirius XM Radio agreed to pay $1.3 million to settle claims that it violated U.S. labor laws by not paying interns. The settlement came on the heels of similar cases involving such high-profile companies as Fox Searchlight Pictures and The Hearst Corp. “Employers need to be very cautious when they are going to utilize interns,” said Catherine P. Wells, chair of the employment group at Chiesa, Shahinian & Giantomasi in West Orange. “Departments of labor scrutinize these types of arrangements.” During the financial crisis of 2007 to 2009, many employers who were struggling to do more with less took advantage of unpaid internships, particularly as college grads and others were desperate for experience to help them become more marketable. Consequently, the Wage and Hour Division of the U.S. Department of Labor released a fact sheet in 2010 outlining information to help determine whether interns must be paid the 20 |
minimum wage and overtime under the Fair Labor Standards Act for the services that they provide to “for-profit” private sector employers. “That sheet basically made it clear that the intern experience is supposed to be for the benefit of the intern and not for the benefit of the employer,” said Stephanie D. Gironda, a senior associate with the employment law team of Wilentz, Goldman & Spitzer in Woodbridge. “Key to this is that the intern is not displacing any regular employees or is not used to supplement the work of employees, but is really there to get an educational experience. The employer is not supposed to derive economic advantage from the activities of the intern.” New Jersey law takes that further by requiring that unpaid internships are part of a school-to-work program. “It is advisable to coordinate any internship with an educational institution, whether a college or vocational school,” said Thomas F. Doherty, a partner with McCarter & English’s labor and employment practice in Newark. “That is the safest approach because [the internship] has educational benefit that has been recognized by a school, which should make it hard for disgruntled interns to come back and say they should have been paid.” For internships that are not connected to educational institutions, Wells suggested that employers tread carefully. “If you are going to call it an internship but it is not part of an approved educational program, I insist that my clients pay their interns at least minimum wage,” she said. Doherty said much the same: “If the person is rendering any services, then for $8.38 an hour, New Jersey minimum wage, you can be sure you are not going to be sued at least for not paying them wages.” On the other hand, he added, “Once you start paying somebody, you then wind up putting them in the category of employees for other purposes – for example, employment discrimination or employment retaliation and the like.” Wells advised employers to document and outline the specific internship responsibilities and expectations – everything from the limited duration of the internship (interning here does not mean you are guaranteed employment) to the areas of training that interns will receive – in case the Department of Labor comes calling. And if an unpaid intern is not meeting expectations? Employers need to pay close attention to the established internship guidelines. “By definition, an unpaid intern is not expected to really work; they’re expected to observe and to learn,” Wells said. “If someone called an intern in and said ‘You’re not performing,’ that would create significant risk that they were really treating the intern like an employee.” It is interesting to note that the New Jersey Legislature has moved to expand protections of the Law Against Discrimination and the whistle blowers statute so it applies to interns, Doherty said. While that effort has stalled, it's worth watching. What’s more, noted Gironda, New Jersey requires interns to be at least 16 years old and under the supervision of a mentor in the workplace. As for other recommendations, she concluded, “In most cases, you are going to have to pay interns to cover yourself.” ◆
NEW JERSEY CHAMBER OF COMMERCE 2015 DIGITAL MEDIA OPPORTUNITIES
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Electronic Communication Vehicles > NJCHAMBER.COM
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our newly revamped website, generates over 10,000 page views per month
Members of the New Jersey Chamber of Commerce represent virtually every industry that does business in the state and includes many of New Jersey’s most prestigious and innovative companies. The Chamber generates a regular series of electronic communications to keep our members informed and to help them stay in touch with the issues of the day
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and each other. We call these electronic communications the “N.J. Chamber e-Vantage” platform because they reach the inboxes and the web browsers of the state’s top movers and shakers – senior corporate executives and decision makers, leading entrepreneurs, state government and legislative leaders and the news media.
> THE COMPASS our regular electronic update to members reaches 5,000 senior executives per issue
For the first time, the Chamber is offering sponsorships for the most visible and most widely read portions of our e-Vantage platform as a way for you to directly and affordably reach the highly desirable business demographic our communications consistently reach.
> TRENTON WATCH highly acclaimed report on state government decisions and their implications for N.J. business
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news makers
Walter J. Brasch
Stephanie J. Zane
Brian McNally
Walter J. Brasch, partner and chief business development officer at the accounting firm O’CONNOR DAVIES in Cranford, was named president-elect of the New Jersey Society of CPAs, beginning his one-year term June 1. Brasch also serves as a board member of the New Jersey State Chamber of Commerce. Donna Custard has been named president of the NEW JERSEY CHAMBER OF COMMERCE FOUNDATION, replacing Dana Egreczky, who retired from that position on June 30. Custard’s promotion follows 18 years of working for the Foundation, serving most recently as executive director and vice president. Custard also is a member of the Burlington Township Board of Education.
Nearly 500 New Jersey doctors have received a total of about $2.5 million in bonuses from UNITEDHEALTHCARE for excellence in treating its Medicare Advantage members, the insurer announced. The Garden State doctors were among nearly 4,000 care providers nationwide who earned more than $54 million in bonus payments as winners of the PATH Excellence in Patient Service Awards for improving health outcomes and closing gaps in care, UnitedHealthcare said in a news release.
Stephanie J. Zane, a partner in ARCHER & GREINER’s matrimonial and family law department, was appointed to serve a three-year term as the chairperson of the Cooper University Hospital Patient & Family Advisory Council. Zane also was reappointed by the New Jersey Supreme Court to the Committee on Character, which determines the fitness to practice law of each candidate for Admission to the Bar of the State of New Jersey.
Bedminster-based PEAPACKGLADSTONE FINANCIAL CORP. and PEAPACKGLADSTONE BANK announced the appointment of Frank H. D’Alto to senior managing director of commercial banking. Frank H. D’Alto D’Alto will be responsible for the growth of the bank’s commercial middle-market lending business.
WELLS FARGO DEALER SERVICES opened a regional business center in Cherry Hill to service approximately 150 auto dealerships in the South Jersey region. The office will initially have 16 employees with the possibility of expansion. Brian McNally has been appointed to lead the new office, and Scott Pincura serves as the northeast market manager for Wells Fargo Dealer Services.
WYNDHAM HOTEL GROUP announced that Noah Brodsky has been named senior vice president of worldwide loyalty and engagement – responsible for leading all facets of customer loyalty and engagement across Wyndham Hotel Group and its more than 7,600 hotels.
Caryn Barnes, principal and leader of the environmental team in LANGAN’s center city Philadelphia office, was honored with the Growing Great Women in the Garden State Award at the ninth annual New Jersey Society of Women Scott Pincura
Mary McDonough became the provost at BERKELEY COLLEGE on July 1. She assumes the position vacated by the former provost Marianne P. Vakalis, who takes on a new role as dean of strategic initiatives. Under the direction of the president, the provost serves as the chief academic officer of the college. To prevent children from acquiring serious illnesses related to obesity, the Pediatric Health Center at TRINITAS REGIONAL MEDICAL CENTER is the first health care organization to participate in the “Eat Right Today!” program. Eat Right Today! features videos with demonstrations that show kids and their parents how unhealthy some foods are and what’s inside them.
Environmental Professionals Gala. Each year this award is given to one woman who is admired for her commitment to the field of environmental protection, conservation, and 22 |
research, her contributions to communicating and sharing knowledge, her dedication to mentoring the next generation of environmental leaders and her innovative approach to science and/or policy.
COHNREZNICK, the national accounting, tax, and advisory firm with local offices in Eatontown, Edison, Princeton and Roseland, was named to the Best CPA Firms for Women list, released by the Accounting & Financial Women’s Alliance and American Women’s Society for CPAs. ◆
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