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NRBP Blog

Creating a Stronger Community Through Planned Development

2/8/2019

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Dewberry's very own Dan Anderton participated in an Urban Land Institute (ULI) advisory panel to redevelop a site in the City of Port St. Lucie, Florida. The panel used their expertise to contribute to both the economic and civic growth of a 1,321-acre, city-owned parcel called the Southern Grove. Click here to read the panel's master plan that would increase the quality of life and create jobs for the entire Port St. Lucie community. 
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Meet Megan McCarthy: Healthcare Fraud's Worst Nightmare

2/7/2019

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NRBP member Horizon Blue Cross Blue Shield of New Jersey's Public Relations Manager and New Jersey Health Advocate, Thomas Vincz, breaks the following story exploring a decade long scam of fraudulent healthcare claims and the successful recovery of over $142 million. Click here to read more about how Special Investigations Manager, Megan McCarthy brings this scheme to justice and more!



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The Future of Transit

10/25/2018

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Use of public transit systems has increased 30% over the past 20 years and users expect safe, reliable, comfortable and affordable service. Mass transit users in the NJ/NYC metro area can attest to the inconsistency and rising costs of our region’s current transit system and many are aware of how these issues will increase as our region’s economy continues to grow.  Consistency, safety, affordability and sustainability will be key factors that could impact future growth of our region.
 
Ahead of our annual Transportation Symposium, where transportation sustainability will be the key topic, we encourage you to read this brief Q&A with Dewberry’s Vice President and Director of Rail and Transit, Steven Santoro. Mr. Santoro highlights the challenges common among many of our nation’s transit systems and notes areas that transit agencies should focus on as they prepare for the future.
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​RU-Newark and RBHS Announce Major Progress Towards Hire. Buy. Live Newark Goals

10/25/2018

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A major collective impact initiative by many institutions in Newark, Hire.Buy.Live.Newark was created to dramatically reduce poverty and unemployment and strengthen the city's economy by 2020. Organizations and individuals across the public, private, and nonprofit sectors in Newark participating in the initiative committed to employing more Newarkers and increasing procurement of goods and services from Newark-based businesses.

Rutgers University Newark and Rutgers Biomedical and Health Services joined this effort in 2017. Read more about their collective efforts and learn about examples of their work towards this goal.
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NRBP Opposes Aviation Fuel Tax Increase

10/10/2018

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"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.
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Preparing for the Future with Newark YEA!

9/14/2018

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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.

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Neck pillows by Walter's company, Generational Comfort X.
I applied to Newark YEA! because I was interested in joining programs.  Learning about the program made me curious about business and what it would take to start one.  Since I was younger at the time and didn’t already have business experience I did not know how hard it would actually be. Ultimately I chose to develop a line of neck pillows. While brainstorming different ideas I decided that I wanted  to do something that would be beneficial to people and since I have a lot of elders in my family that suffer from neck pain the neck pillow idea seemed to be a great fit.

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Walter & NRBP's President Chip Hallock at the Competition.

At the end of the program, I was selected to participate in the Saunders Scholars Competition which made me feel elated and proud. I was the youngest person in the Newark YEA! class that year and being selected to participate in the competition really gave me a confidence boost. Attending the competition was a great experience and opportunity for me to network with other participants and learn from them.

One of the highlights of attending the competition was the celebratory event at the end at Dave & Buster’s where we all got to come together and socialize.
Although I did not continue with the neck pillow business idea I learned what it takes to run a business and I would recommend Newark YEA! to my peers because it's a program that is really in depth and helps you understand the different aspects of business and finance so that you can prepare for your future.
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Walter today.
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Prudential Study Examines Impact of the “Gig Economy” on Multiple Generations

8/29/2018

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​“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.
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IRS Identifies More Large Business and International Compliance Campaigns

8/29/2018

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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. 
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Steps to Prepare Your Company for a Sale

8/29/2018

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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.          
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Does IRS Form 5500 Apply to Your Company’s HRA?

8/8/2018

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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.
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