"NRBP opposes pending state legislation (S2892/A4392) that would increase aviation fuel taxes at Newark Liberty International Airport (EWR) and divert proceeds to non-airport projects in a way that is inconsistent with federal law. The U.S. Chamber of Commerce has taken note of the proposal in this blog post." – Chip Hallock. President & CEO, NRBP.
The New Jersey legislature is currently considering a bill that would increase the state’s jet fuel tax to pay for an extension of the PATH railway from Newark Penn Station to the Newark Liberty International Airport Rail Link Station and beyond.
Walter Pierce was a 6th grader at STEM Academy in East Orange when he participated in the first year of the Newark Young Entrepreneurs Academy in 2016. His company, Generational Comfort X, produced handmade neck pillows and his business plan earned him the honor of representing our program at the 2016 Saunders Scholars Competition in Rochester, NY.
Now a freshman at STEM Academy, Walter is interested in reuniting with our program and its mentors to explore a new business idea. We look forward to working with him this year and helping him to launch his new business. Below, Walter shares his experience in our program.
For more information about the Newark Young Entrepreneur's Academy please contact Program Manager Emily Manz.
“Gig Economy Impact by Generation”, a new study from Prudential’s “Gig Workers in America” series, explores current gig economy employment patterns and how they affect the financial stability of different generations. Prudential notes that while Baby Boomers, Gen-Xers, and Millennials are all actively participating in the gig economy (defined as those who work as freelance designers, ride share drives and more) their reasons for joining it are different. Millennials, for example, join the gig economy proactively, while Gen-Xers and Boomers tend to do so as a result of drastic circumstance. The study also notes that while Gen-Xers were least satisfied with the work and longed to return to “traditional employment”, Millennials see gig work as a step toward “realizing their long-term aspirations."
Click here to read more.
EisnerAmper’s Richard J. Shapiro, Tax Director and Member of the firm’s Financial Services Group details new IRS compliance campaigns that expand its issue based audit approach. In a nutshell, regulations are tightening due to the desire to represent information more accurately and ensure continued efficiency. Click here to read more.
Interested in selling your company? Mark Henry and Scott Derco, Partners in Citrin Cooperman’s Boston and Livingston offices, outline the questions and concerns that should be forefront in your mind while making this decision. Click here to read more.
Many employers offer Health Reimbursement Savings Accounts (HRA). These are a type of employer funded account that reimburses employees for certain medical expenses. What may not always be clear; however, are the appropriate IRS reporting measures to ensure compliance, especially for companies that use a “wrap plan” document. Click here to learn more from Spire Group PC.
"Stalled Progress on the Path to Value-Based Care" is the third annual study from Quest Diagnostics to gauge perceptions of physicians and health plan executives about the nation's journey to value-based healthcare, which focuses on care quality and patient outcomes rather than the quantity of services delivered.
The study analyzes results from a survey of 451 primary care physicians and health plan executives collected earlier this year. It also reveals changes in perceptions over the past two years. According to the study, there is more work to be done to align physicians and health plan executives. 62% of health plan executives said progress has been made over the past year, but only 41% of physicians agreed. The study also suggests physicians need better tools, data access and less complex quality measures to spur adoption.
Click here for more.
Ever wonder how large sporting events like the World Cup or the Olympics affect a country’s economy? Timothy Speiss, a leader in EisnerAmper’s Personal Wealth Advisors Group and its Wealth Planning LLC, dives head first into this topic using the 2018 World Cup, the 2016 Summer Olympics and the 2014 World Cup as examples. While there are clearly many economic benefits to hosting such events, there are often just as many drawbacks. Click here to read more.
Three attorneys from Genova Burns LLC’s labor law practice group explain the Supreme Court’s recent decision to eliminate mandatory public-sector union agency fees. The ruling, known as Janus v. American Federation of State, County, and Municipal Employees, challenged the constitutionality of the requirement that employees in Illinois pay union agency fees even if they were not in the union themselves. Click here to read more about the history of this case and how it affects New Jersey’s public employers.
NRBP member The American Cancer Society is making strides against cancer throughout the state of NJ. Check out the work they've done thus far and learn how you can join the fight.
The American Cancer Society, is on a #mission to free the world from cancer. Until we do, we'll be funding and conducting research, sharing expert information, supporting patients, and spreading the word about prevention.
Here are some highlights of YOUR MAKING STRIDES dollars at work in the state of New Jersey:
Research: As of February 1, 2018, there are $3.2 million dollars in active research grants throughout the state. 47 American Cancer Society funded researchers have gone on to win the Nobel Prize.
Emotional Support: For more than 45 years, the American Cancer Society Reach to Recovery program has been helping people cope with their breast cancer experience. We proudly supported 252 patients through their journey.
Lodging: Our Hotel Partners Program provided 119 patients with 1,107 nights at our home away from home, for free or reduced cost.
Transportation: Our Road to Recovery program provides transportation to and from treatment for people with cancer who do not have a ride or are unable to drive themselves. We proudly provided 264 patients with 2,865 rides in the state. To learn more, including how to become a volunteer driver, please click here.
Join us at our Making Strides of Newark Kickoff on Thursday, August 16, 2018 at 7 am. To learn more about Making Strides Against Breast Cancer, RSVP here. Help us continue providing research funding, support and access to care. For our 2017 Stewardship Report, which includes impact numbers across the country, please click here.