SJBiz_Office Space_1125_Profile 11 / 6 / 25 2 : 39 PM Page 2 SOUTH JERSEY BIZ OfficeSpace OntheMove CRUNCHING NUMBERS Edited by Madeleine Maccar Seventh THEREVENUEINCREASE OF NEW JERSEY’S ONLINE GAMBLING NEWROAD Construc - INDUSTRY in the same January - September window from 2024 to WHERELAST MONTH’S BEST STATES FOR tion Management an - 23 % 2025 , accordingto the state’s Division of Gaming Enforcement — NURSINGGRADUATES LIST BY UNIVER - nounced last month representinga total of $ 2.12 billion . SITYRANKING SITE RESEARCH.COM that Charles ( Chuck ) places New Jersey , based on factors like Romanoli has been medianpay , employment and demand . $ 1.5 million appointed president THEMAXIMUM LOAN AVAILABLE TO ELIGIBLE CANNABIS Five and chief executive of - COMPANIESTHROUGH THE NEWLY APPROVED NJ LENDING ROMANOLI ficer . Romanoli is a de - HOWMANY COMMUNITY FOREQUITY , ACCESS AND FINANCINGpilot program , an REVITALIZATION PROJECTS greed engineer with NJEDAloan initiative intended to expand access to capital . IN CAMDEN WILL SPLIT more than four decades of construction 400 THE $ 5.7MILLION AWARD management experience . HOWMANY JOBS CHOOSE NEW JERSEY FROM NJEDA’S $ 5.7 MIL - $ 8,319,897 ESTIMATESITS MID - SEPTEMBER ECO - LION Urban Investment ChooseNew Jersey President and CEO WHAT THE 30 - YEAR EXPECTED SAVINGS ARE FROM THE NOMIC MISSION WILL CREATE . The six - Fundto rehabilitate build - Wesley Mathews has announced that he GLOUCESTERCOUNTY UTILITIES AUTHORITY’S recently completed day , four - city visit focused on deep - ingsand public spaces will leave the organization next month to be - installationof a combined heat and power system , financed with ening the state’s economic , academic impactedby COVID . about $ 14 million in loans from the NJ Water Bank . come PSEG’s vice president for state govern - and cultural ties with India . ment affairs . Jennifer Lenhardt will serve as interim president and CEO during the transi - 77 ACRES tional period . $ 75,000 No . 10 THESIZE OF ATCO LAKE PARK , which WHATHOPEWORKS RECEIVED LAST MONTH AS A CamdenCounty and local officials AFTERANALYZING BUREAU OF LABOR STATISTICS CooperLevenson has announced that FOXWYND FOUNDATION GRANT , which will sup - recentlyannounced will be the site of DATAFROM MAY 2024 TO MAY 2025 , where Brittany Bonetti was named as chair of the portthe Camden - based nonprofit’s efforts like extensiveconstruction that includes resumebuilder CVMaker ranks New Jersey law firm’s Cannabis Industry Practice Group , placingan additional 37 young adults in perma - newwater and stormwater infras - nationallyfor decreased job resignations — which of which she’s been a member since its incep - nentemployment positions . tructureand a new parking lot . are down 12.16 % this year . tion . Bonetti is a partner based in Cooper Lev - enson’s Atlantic City and Cherry Hill offices . BREAKDOWN Board - certified cardiologist Syed Rahmatul - lah , M.D . , has joined Deborah Specialty Physi - Mid Penn Bancorp , Inc . , will acquire 1st Colonial Bancorp , Inc . cians at Mount Laurel , bringing with him an expertise in cardiovascular disease and Each company’s board of directors has unanimously approved the echocardiography . WHAT WHAT IT merger agreement . Under its terms , 60 % of 1st Colonial common HAPPENED : MEANS : shares will be converted into Mid Penn common stock ; the remain - Executive Director of United Way of Glouces - Toward the end of ing 40 % will be exchanged for cash . Meanwhile , 1st Colonial Presi - September , the two ter County Michael Gower has announced dent and CEO Robert B . White will become Mid Penn’s senior execu - banking institutions an - his departure from the organization after tive vice president , Greater Philadelphia metro area market president nounced that they en - more than 11 years of service . Gower will and senior risk advisor . tered into an agreement continue to serve in his role through mid - De - wherein Mid Penn will cember and assist the organization through acquire the Mount Lau - this leadership transition . rel - headquartered 1st Colonial in a cash and WHAT’S Subject to the satisfaction of customary closing conditions — which stock transaction of ap - Late last month , it was announced that Jared includes regulatory approvals and approval by 1st Colonial share - NEXT : proximately $ 101 million holders — the transaction is expected to close late in the first quarter Levy , MBA , CPA , has been promoted from in value . or early in the second quarter of 2026 . Of the merger , White says , chief operating officer to chief executive offi - “ The strategic transaction will create tremendous opportunity for our cer for Maryville Integrat - team members , valued customers and our dedicated shareholders . edCare . Levy , who has The combination will allow for an expansion of our product and ser - beenwith the organiza - vice offering , as well as bring greater financial capacity for continued tion for 10 years , suc - investment in our company and our communities . ” ceeds the retiring Kendria McWilliams . Jeremy E . Abay has LEVY joinedPond Lehocky Continued on page 6 SouthJerseyBiz.net | VOLUME 15 ISSUE 11 | SOUTH JERSEY BIZ | 5