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Crunching Numbers
33%
According to last month’s Express Employment Professionals-Harris Poll, the percentage of hiring managers nationwide anticipating a 2024 rise in employee turnover, costing the average company an annual $36,295 in lost productivity and hiring expenses.
$6,600
The winning bid for a Delaware River cruise aboard the USS New Jersey. All net proceeds from the auction’s 34 bids will support the Home Port Alliance for the USS New Jersey Inc.
$2 billion
What New Jersey’s cannabis market recently exceeded in total sales since the beginning of 2018, with the budding market earning more than $1.3 billion since recreational sales began in April 2022.
40%
The record-breaking percentage of its annual purchases that Atlantic City Electric spent on goods and services from diversity-certified suppliers in 2023. That translates to $178 million, the most the utility company has spent with diverse suppliers in its century-long history.
$7,167,766
The amount the NJ Department of Community Affairs cumulatively awarded to nonprofits helping individuals at risk of becoming unhoused, including the Burlington County Community Action Partnership, Beloved Project of New Jersey, the Camden County Council on Economic Opportunity and Senior Citizens United Community Services.
Eighth
Where The Garden State ranks nationally in remote work. According to web-hosting provider Hostinger’s analysis of early-2024 U.S. Census Bureau data, 33.8% of New Jerseyans work from home.
2 cents
The estimated increase per gallon the recently passed gas tax will add over the next five years starting this July, while EV drivers will pay an annual road maintenance fee starting at $250. Both are intended to raise revenue for NJ’s Transportation Trust Fund, which supports major state and interstate projects.
Seven
How many counties in New Jersey that data curator ATTOM recently reported are at an elevated risk of housing-market decline, including Camden and Gloucester.
Breakdown
The New Jersey Economic Development Authority (NJEDA) recently debuted its New Jersey Global Economic Index.
What Happened: In an effort to both guide and develop New Jersey’s international business relationships, this first-ever NJEDA report—intended to become an annual one—showcases, ranks and examines the entities making foreign direct investment (FDI) in The Garden State.
What It Means: The report indicates that, geographically speaking, the state’s strongest economic relationships are with Europe, the Asia Pacific region and North America; despite the European continent laying claim to most top-performing countries, India ranks first among NJ’s global partners, with the United Kingdom, Ireland, Germany and the United Arab Emirates rounding out the top five. The index additionally underscores both the opportunity and potential present within Asia-Pacific countries.
What’s Next: During the March 22 presentation of the report, NJEDA Chief Executive Officer Tim Sullivan said, “The NJEDA is committed to supporting Gov. Murphy’s vision for a stronger, more diverse economy, and the findings in the New Jersey Global Economic Index show the progress we have made fostering international relationships, attracting and quantifying FDI, and maximizing opportunities abroad. This report will inform us as we move forward with our goal of creating more jobs, increasing our visibility in foreign markets, and acting as a global economic leader.”
On the Move
On April 1, Samaritan announced changes in its leadership team, as Dr. Sara Pagliaro has been promoted to chief medical officer while Dr. Stephen Goldfine transitioned to a new role as physician executive.
Wolf Commercial Real Estate (WCRE) announced last month that Kim Kretowicz has joined the team as its executive vice president-healthcare services.
Having been with the Rowan-Virtua School of Osteopathic Medicine for 28 years, Richard Jermyn, D.O., has been appointed as its dean. Dr. Jermyn will assume his new role after overseeing the school’s academic, research and clinical affairs for the past year as interim leader.
Two-time Emmy winner and CableACE writing nominee Jon Crowley recently was named executive director for the New Jersey Motion Picture and Television Commission (NJMPTVC), where he will manage the commission and lead the New Jersey Economic Development Authority’s development in the film sector.
As of March 25, Edward D. Wengryn is now serving as New Jersey’s secretary of agriculture, following the State Board of Agriculture’s appointment.
Hospitality veteran Niklas Rytterstrom has assumed his new role as president and COO of Borgata Hotel Casino and Spa
Earlier this month, Cooper University Health Care announced that family practitioners James J. Runfola, MD, and Leonard V. Ridilla, MD, not only joined the health system but also launched Direct Primary Care (DPC), a membership-based model designed to elevate access and care.
Gov. Phil Murphy and First Lady Tammy Murphy recently announced that Lisa Asare has been appointed as inaugural president and CEO of the newly launched New Jersey Maternal and Infant Health Innovation Authority.
Duly Noted
Late last month, The Cooper Foundation—the philanthropic arm of Cooper University Health Care—announced that Lisa Morina has been promoted to its senior vice president and chief philanthropy officer.
Connell Foley Managing Partner Timothy J. Corriston, Esq., recently joined the New Jersey Business & Industry Association board of trustees, where he’ll serve a three-year term.
Moorestown Ecumenical Neighborhood Development, Inc. (MEND) recently announced additions to its board of trustees: Joel Boehmler, St. Matthew Lutheran Church; Michael Brennan, MEND resident; Rev. Wenda Clarke, Second Baptist Church; Karen Douglass, Trinity Episcopal Church; Ben Morris, Moorestown Monthly Meeting; Kylthia Roberts, Bethel AME Church; and Brandy Ross, MEND resident.
Parker McKay’s John Gillespie, Carolyn Sleeper, Harris Neal Feldman and Tom Walsh have all been included in Thomson Reuters’ 2024 edition of New Jersey Super Lawyers, while Andrew Winegar, Alexis Smith, John Rigden and Sean Fannon were all named Rising Stars by Super Lawyers.
Last month, The Girl Scouts Heart of New Jersey announced that Chrissy Buteas was appointed as the new chair of the nonprofit’s board of directors. Buteas, a Rowan University alumna, also has been named the president and chief executive officer for the HealthCare Institute of New Jersey, effective April 8.
