Commerce and Industry Association of New Jersey

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CIANJ President's Message

"America’s 238th Birthday: Celebrating Our Freedom"

 

by John Galandak, July 2014 COMMERCE Magazine Column

A veteran of the U.S. Air Force and resident of New Jersey, Charles Payne has a new show, Making Money with Charles Payne, on FOX Business Network (FBN) airing weekdays at 6:00 p.m. EST. Each night, he is joined by a panel of business and market experts who debate and discuss the key financial issues driving the headlines.

“There are moneymaking opportunities behind every headline and each day I am going to debate and analyze these potential investments with the aim of helping viewers find their confidence in the markets and realize their long-term dreams and goals,” explains Payne, who also founded Wall Street Strategies, an independent stock market research firm where he serves as chief executive officer and principal analyst.

Being a champion of the free market and a military veteran is really a perfect combination, as freedom empowers entrepreneurs to unleash their business ideas. Without veterans, there would be no freedom. Without freedom, there would be no free market. Without the free market, there would be no American dream or the economic engine that has made it possible. Clearly, the free market is the catalyst for American prosperity.

As America celebrates July 4th and its 238th birthday, we have an important opportunity to review how free and open the market really is. Indeed, the more it costs to do business due to excessive taxes and regulations, the less “free” the market is.

That’s why the tax policies in Trenton and in Washington, D.C., matter, and need to take the long view and be growth-oriented and business-friendly. Revenue shortfalls in government have our elected leaders looking to generate more money any way they can. Too often, that leads to squeezing more money out of high earners, who already pay the bulk of taxes and have the ability to leave states where the cost of being successful gets too steep—and they do.

Yet, a millionaire’s tax is a folly that Trenton cannot let go of given its populous appeal—but, while it may yield some shortterm revenue to the state, it offers no appreciable solution to the need for less spending, nor a strategy to address New Jersey’s liabilities, which are eating up an ever-increasing portion of the state’s budget each year. Similarly, eliminating New Jersey’s estate tax and inheritance tax would be good for the Garden State. In the long run, these taxes scare away more dollars than they
bring in.

“You want to create an environment where others are going to have the courage to tell you what you need to hear instead of what you want to hear,” explains former F-16 pilot USAF Lt. Col. (Ret.) Rob “Waldo” Waldman, author of the bestseller, Never Fly Solo.Another effective way to support the business cycle fueled by freedom is to hire veterans. Through their service, they are well trained to work collaboratively in diverse teams that are asked to achieve measurable objectives. In addition, veterans are trained to learn new skills, screened for health issues and given the experience of working under stressful situations. They are trained to keep their cool and their focus on completing assigned tasks and assignments in a timely manner. Veterans also know how to take orders and receive feedback— skills that would be valuable to any employer.

The relationship between freedom and economic success connects two of the founding principles of our nation. America’s DNA is clearly a mix of the two, and as we celebrate the birth of our country, we must all remember the sacrifices made by the men and women of our armed forces. Without them and their brave and selfless service, we would not be free. We would not be prosperous. We would not be the America that we all know and love.

- See more at: http://commercemagnj.com/americas-238th-birthday-celebrating-our-freedom/#sthash.h0uua9FS.dpuf

To view the complete July issue of COMMERCE Magazine, click here.

NJDEP head speaks to CIANJ

Commissioner Bob Martin of the NJ Department of Environmental Protection meets with  members to discuss environmental priorities.

Meet Our Best Practices Judges

Join us to celebrate winners of the “Best Practices” competition conducted by COMMERCE Magazine and CIANJ. Click below for more information.

September 17th, 201410:00 am | Register Now

Business 2 Business Council

Through the Business to Business Council, CIANJ is seeking to provide opportunities for small business owners and entrepreneurs to gain the contacts, knowledge, and information necessary to grow their businesses profitably. The B2B Council events will connect them to opportunities across New Jersey’s diverse business landscape.

CEO Roundtable

The CEO Roundtable provides a forum for chief executive officers or business owners to seek advice and share experiences. Participants freely discuss issues they confront daily, such as compensations, financing, dealing with family members, relocations, sale of a business and many of the topics.

Environmental Business Council

Since its inception, the EBC’s mission has been to recognize the important economic role the environmental industry plays within the state, to demonstrate that environmental issues are also business issues, and to teach the business and regulatory communities that environmental responsibility and economic growth are fundamentally related

Financial Decision Makers Roundtable

CIANJ’s Financial Decision Makers Roundtable is intended for senior executives in key financial positions within their firms, as well as CIANJ members and invited guests. The purpose of this roundtable is to share critical information related to financial decision making and to allow attendees to develop professional relationships with each other. CPE credits are offered.

Generation Now: A Young Professionals Or

Generation Now is a group of young professionals in alliance with one another for the purpose of education, networking and peer-to-peer exchange leading to personal and professional growth.

Healthcare Roundtable

CIANJ’s Healthcare Roundtable is a forum for professionals who work within a spectrum of related disciplines to interact with one another by discussing critical issues that affect healthcare, as well as to facilitate the exchange of knowledge and develop relationships that enhance business

Human Resources Council

CIANJ’s Human Resource Roundtable is intended to advocate HR awareness by providing information and resources in various HR disciplines. It educates those responsible for HR in their organizations by sharing knowledge to solve common challenges. As an HRCI Approved Provider, attendees can earn continuing education credits toward PHR, SPHR, and GPHR

Legislative Roundtable

The mission of the Legislative Roundtable is to provide a forum where business executives can meet with state and federal lawmakers to discuss the latest issues affecting commerce.

Manufacturing Roundtable

The Manufacturing Roundtable is intended to be a forum for professionals who work in complimentary disciplines to discuss critical issues that affect manufacturing, facilitate the exchange of knowledge, and to develop relationships that enhance business

Real Property Roundtable

CIANJ’s Real Property Roundtable is intended to be a forum for professionals who work in complementary disciplines to discuss critical issues that affect real property, facilitate the exchange of knowledge, and to develop relationships that enhance business

Technology For Business Roundtable

The Technology For Business Roundtable is intended to be a forum for professionals who work in complementary disciplines to discuss critical issues that affect technology, facilitate the exchange of knowledge, and to develop relationships that enhance business.

Recent News

  • Member News - Gibbons P.C.

     Gibbons P.C. has announced that Wendy R. Stein has joined the firm’s Intellectual Property Department as Counsel.  Ms. Stein rejoins the firm after managing her own law firm devoted to IP and complex litigation, including data privacy and security matters arising out of data incursions. She brings nearly a dozen years of experience in patent enforcement litigation, and litigation, transactional and counseling experience in the fields of trademarks, copyrights and trade secrets.

  • Member News - PSEG

    Public Service Electric and Gas Company (PSE&G) announced the promotions of three seasoned executives at the state’s largest and oldest utility.  Kim C. Hanemann has been elected senior vice president of the utility’s Delivery Projects and Construction organization. A vice president since 2010, she is responsible for ensuring the on-time, on-scope and on-budget implementation of the utility’s multi-billion dollar transmission investment. John R. Latka has been elected senior vice president-electric and gas operations. A vice president since 2006, he will oversee all electric and gas operations, safety and emergency preparedness initiatives. Gregory C. Dunlap has been elected vice president-customer operations with responsibility for customer satisfaction, customer contact, billing, metering and collections. Since joining the utility in 1985, Dunlap has served in a variety of customer-focused positions, including utility sales and marketing, government affairs and, since 2007, director of customer service and large customer support.

  • Member News - Greenbaum, Rowe, Smith & Davis

    Greenbaum, Rowe, Smith & Davis LLP is pleased to announce that three members of the firm’s Environmental Department have been appointed to posts in the American Bar Association and the New Jersey State Bar Association.  Partner David A. Roth was reappointed as Chair of the Environmental Disclosure Committee of the American Bar Association (ABA) Section on Environment, Energy and Resources ("SEER"), effective June 2014. Also in June, Maura E. Blau, Counsel, was appointed Chair of the Section, and Daniel Flynn, also Counsel, was elected to the Section’s Board of Directors.

  • New Jersey’s Economy By The Numbers

    The New Jersey Department of Labor and Workforce Development released new data on our labor market.  The unemployment rate fell to 6.6 percent in June. Preliminary estimates for June indicate total nonfarm wage and salary employment increased sharply, up by 8,200 jobs, to a seasonally adjusted level of 3,945,800, as measured by the BLS through its monthly employer survey. All of the gains were in the private sector, as the public sector contracted by 1,400. Based on more complete reporting from employers, previously released May estimates were revised higher, up by 3,000 jobs, to show an over-the-month (April – May) total nonfarm employment gain of 1,500 jobs, instead of a loss indicated by preliminary BLS estimates. All of the May gains (2,900) were in the private sector.  In June, private sector job growth was widespread across industry sectors. Industries that recorded employment gains included education and health services (+3,500), finance (+2,600), leisure and hospitality (+1,700), trade, transportation, and utilities (+1,500), other services (+1,500), professional and business services (+1,000) manufacturing (+300), and information (+100). Construction was the only industry sector to experience job contraction (-2,600).  Over the month, public sector employment was lower by 1,400, led by a drop (-2,200) at the state government level. A three-month average of the preliminary employment data for New Jersey places the average unemployment rate at 6.8 percent, with total non-farm employment up by 6,000 ( 6,500 private).

  • Improving New Jersey’s Economy

    This morning CIANJ participated in a business meeting in Trenton where the focus was rebuilding New Jersey’s economy and specifically, private sector job growth.  Spearheaded by the Assembly Republicans, and well attended by other business groups, it was an opportunity for the legislative leaders to hear from the business community on what is needed to grow our economy and the number of private sector jobs.  From eliminating the estate tax, reducing regulatory burdens, reducing the cost of energy to building partnerships between government, academia and businesses, many ideas were put forth with the hope that legislation will be created.  James Hughes, the noted Rutger’s Economist, presented on the economic trends in New Jersey including a trend away from traditional office space in the suburbs to more urban areas and remote work stations.