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Biz in Brief

by Editorial Staff--South Jersey Biz

According to the 2014 N.J. Hospitals Economic Impact Report by the New Jersey Hospital Association, the state’s hospitals were responsible for nearly $21 billion of the economy in 2013.

Rowan University’s School of Engineering will become the Henry M. Rowan College of Engineering following a $15 million donation by the Henry M. Rowan Foundation. The funds will be used for a permanent endowment for the school.

Cherry Hill-based Needleman Management has purchased Camden’s L3 Communications building for $35 million. The firm plans some upgrades to the three-story, 575,000-square-foot property, and new tenants will be eligible for tax breaks.

Eight refurbished PATCO rail cars will run on nights and weekends initially before moving to rush hour service in the coming weeks. By 2017, the entire fleet of PATCO cars should be rebuilt, according to Alstom Transport Inc., who was hired in 2010 to do the work.

The Woodbury Olde Restoration Committee, along with the city, are offering business owners up to $2,500 in loan assistance to help make improvements to their storefronts.

The New Jersey Business and Industry Association received the Corporate Award from the Women’s Political Caucus of New Jersey for their work in creating new business opportunities for women.

Inspira Health Network and Thomas Jefferson University and Health System have joined forces in a collaboration that will allow Jefferson physicians to partner with Inspira staff to better serve patients in the areas of cancer services, neurosciences and gastroenterology.

HFM Investment Advisors, Inc. opened its new offices along Rowan Boulevard in Glassboro. HFM was the first business to obtain funding via the Gloucester County Small Business Revolving Loan Fund, receiving $35,000 to move from their former location in Washington Township.

R. Phillip Dellinger received the Lifetime Achievement Award from the Society of Critical Care Medicine. Dellinger, the chief of the department of medicine at Cooper University Health Care and chair of the department of medicine at Cooper Medical School of Rowan University was honored for his contributions to the field of critical care. He is one of only 15 people to ever receive the award.

Rowan University is searching for locations near Atlantic City to open a branch of its School of Osteopathic Medicine.

Published (and copyrighted) in South Jersey Biz, Volume 5, Issue 2 (February, 2015).
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