While New Jersey has often been noted for its biosciences and pharmaceutical industries, there’s a lot more happening beneath the surface. Newark is quickly moving beyond its industrial roots, quickly growing into a hub for high-tech startups with companies like PeduL and 1Huddle. The Garden State has also been doubling down on wind energy, expanding the state’s offshore wind goal by nearly 50% to 11,000 megawatts by 2040. Meanwhile, the Port of New Jersey is benefitting from a surge in traffic as shippers move cargo to the East Coast due to fears of labor strikes and lockouts in California.
Business Retention and Relocation Assistance Act: Offers a tax credit equal to $2,500 for each new full-time position at the business’s location in the first year and $1,250 for year two.
Grow New Jersey Assistance Tax Credit: Available to businesses creating or retaining jobs in New Jersey and making a qualified capital investment at a qualified busi- ness facility in a qualified incentive area.
Manufacturing Equipment and Employment Investment Tax Credit: Offers a tax credit of 4% of the investment credit basis to a maximum of $1 million for taxpayers with 50 or fewer employees and a net income of less than $5 million.
Business Employment Incentive Grant: Offers grant funding for businesses that create at least 25 eligible positions in base years.
choosenj.com
njeda.com
trentonnj.org/204/Housing-Economic-Development
greatertrenton.org
newark-alliance.org/economy
Starting a biotech company often entails years of losses before turning a profit. Now going into its 24th year, New Jersey’s Net Operating Loss Program lets companies sell their net operating losses and unused R&D tax credits for cash. Twenty-four companies were approved for more than $75 million in 2022, with the average award totaling $3.1 million. Directors say the program enables growing companies to obtain cash without sacrificing equity.
16 Fortune 500 companies are headquartered in the state:
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
