Category Archives: Jersey Shore

As A Matter Of Fact…We’ve got a situation: NJ taxpayers snookered


September 26th, 2011 | Published in NJPP Blog: As a Matter of Fact …
By Sarah Stecker

Do a quick Google search and you will find over 170 citations on New Jersey giving out what has been dubbed the “Snooki Subsidy.” That is a reference to the decision on September 14 by the state Economic Development Authority (EDA) to give a $420,000 film tax credit to the production company, 495 Productions Inc., which produced the first season of MTV’s reality show “Jersey Shore.” Following a public uproar, the governor said a few days ago he is considering blocking the film tax credit for that show.

Try a second Google search and you will find but 29 articles on the state’s decision to give a subsidy worth as much as $82 million to Pearson, Inc., so the publishing company will move its workers in Upper Saddle River to a new building in Hoboken. The subsidy comes from the state’s Urban Transit Hub Tax Credit, which is meant to create new jobs in the cities by encouraging companies to invest capital in urban areas near transit stations. To qualify, a company must bring in a minimum of 250 jobs. The credits are then deducted from the company’s state corporate tax obligation.

People in New Jersey are expressing more outrage over a relatively small, half-million dollar subsidy for a reality show than they are over tens of millions being given to a global corporation simply to shift existing jobs about 27 miles within the state.

New Jersey has decided to award Pearson the subsidy even though the company has decided to move about a third of the firm’s existing New Jersey workforce to New York City, where it stands to collect up to another $50 million in tax subsidies. In the end, by playing New Jersey off New York, Pearson could collect more than $130 million in subsidies from two states for just moving jobs around the region.

Not even Snooki is that brazen.

Several questions come to mind about the Pearson subsidies. First, and foremost: How important were the subsidies?

Perhaps the New York City location is attractive enough without the subsidies. EDA certainly seemed to think that on September 14 as reflected in its summary of the Pearson grant:

The alternative site option[to New Jersey] is 330 Hudson Street in Lower Manhattan, New York which is proximate to where Pearson has current operations and is desirous from both the talent pool with the skill sets the company seeks combined with the co-location of certain related business and editorial activities within facilities to enhance collaboration and productivity.

It turns out that assessment was accurate. Pearson will move more than 600 workers to 330 Hudson Street, according to an announcement by the company September 19. Clearly, the company wanted to take advantage of that local labor pool and the opportunity for current staff to be close to one another. Those seem like core business reasons to move operations.

A second question might be why officials and taxpayers in New Jersey are unhappy about giving $420,000 to subsidize Jersey Shore production, but seemingly glad to divert up to $82 million in taxpayers’ money to a successful publisher which didn’t even keep all of its employees in New Jersey?

While Jersey Shore certainly is a questionable place to invest taxpayer dollars, investing tens of millions to keep a few hundred jobs in Hoboken rather than lower Manhattan is an unwise investment on a far greater scale. And, it greatly undermines the state’s ability to provide important services to all residents.

MM Note: Earlier today Governor Christie stripped Snookie and the rest of her Jersey Shore pals of the $420K tax subsidy that they enjoyed during their first season of production.

Officials in Seaside Heights and those in the film industry testified at a committee hearing last week stating that tax incentive was well worth it because it brings millions of dollars and additional jobs to the state.

So was this just another example of the the Governor being penny foolish and acting tough without realizing the the potential consequences of his actions just make himself look better to his Republican friends that are courting him to run for President next year? Maybe

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Filed under Economic Development Authority, film industry, Jersey Shore, MTV, New Jersey Policy Perspective, Snookie, tax subsidies, Urban Transit Hub Tax Credits

>APP: Pallone gets fed money to start beach projects

>It’s good to see Congressman Frank Pallone working to bring home the bacon for his constituents. The $7.5 million that he has secured for beach replenishment and other much needed projects along the Northern Monmouth bayshore area, as well as other parts of his district, will go a long way towards keeping Jersey shore and the communities that boarder it safe from flooding and economically vibrant for the small businesses that rely on it for their livelihoods.

From today’s Asbury Park Press

Monmouth County beaches got a boost when the U.S. Army Corps of Engineers allocated $7.5 million in replenishment funds that was requested by U.S. Rep. Frank Pallone, D-N.J., for Monmouth Beach and northern Long Branch.

Pallone made the announcement Wednesday of the allocation of $7.5 million in beach funding, plus the approval of Army Corps funding for Shark River dredging and for two engineering and feasibility studies in the Shore area.

The $7.5 million will go to fund beach replenishment in Monmouth Beach and possibly parts of northern Long Branch. That federal money will be added to about $2.5 million in federal funds on hand and added to state funds to provide a total of $12 million to $14 million that will allow the Army Corps to begin the projects later this year.

“This funding is vitally important for the Shore and I commend the Army Corps of Engineers for responding to my funding request for these projects,” Pallone said in a release.

The funds were approved as part of the fiscal year 2011 continuing resolution approved in April that funded the government through the end of the year.

The Army Corps also approved funding for three additional projects. The South River Flood Control Project received $250,000 to continue with the engineering and design phase. The Corps allocated $496,650 to the Shark River maintenance dredging project to dredge the river’s inlet this year. A $207,000 allocation will allow completion of a feasibility study for the Raritan and Sandy Hook Bay, Highlands project.

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Filed under Army Corps of Engineers, Asbury Park Press, beach replenishment, Congressman Frank Pallone, flood control, Jersey Shore

>District 11 Assembly Candidate Schlossbach NY Times Profile; "From a Waitress to the Owner of a Mini-Empire"

>Back on June 8th of last year, the New York Times printed a profile piece on Marilyn Schlossbach, the chef/restaurateur from Asbury Park that will be seeking the a seat in the NJ State Assembly this fall as a Democrat in the new 11th legislative district. The piece profiled Schlossbauch’s rise as a waitress in her brother’s Avon resturant, to her becoming the chef owner of several resturants along the Jersey shore. It’s a good read for those that are not familar with Schlossberg and want to get to know her a little:

MARILYN SCHLOSSBACH may run a mini-empire of restaurants on the Jersey Shore now, but her career did not begin brilliantly. Not at all.

Back in 1985, on her first weekend as floor manager of a restaurant in Avon owned by her brother, Richard Schlossbach, the chef quit.

Ms. Schlossbach, 45, had never cooked anything, she recalled recently. She had been a waitress before her promotion at the restaurant, named Oshin and since closed.

“I was in the kitchen on this huge portable phone with my brother,” she said. “I’m going, ‘What’s the tuna supposed to look like? When are you supposed to turn it over?’I knew how it was supposed to look on the plate, but I didn’t know how to get it there.

” Somehow, she got it there. Now Ms. Schlossbach is executive chef at the five restaurants she co-owns; she and her husband, Scott Szegeski, 35, plan to open two more by the end of the year.

Their restaurants have 200 employees, and last year they rang up more than $3 million in business. Within their domain are Trinity and the Pope, with a Creole and Cajun theme, which opened in Asbury Park last month; Langosta Lounge, which opened in 2008 and serves what Ms. Schlossbach calls “vacation food — a mix of Mexican, Caribbean and Asian,” including sushi; two seasonal casual Mexican spots called Pop’s Garage, one in Normandy Beach that opened in 2008 and one in Asbury Park that came a year later (a third, which will be open year round, is planned for Shrewsbury this fall); and Labrador Lounge, in Normandy Beach, which opened in 2005 and has a menu similar to Langosta’s. (Richard Schlossbach is a third co-owner of Trinity and the Pope and Langosta Lounge.) ….

For those that wish to learn more about Schlossbach, she has a facebook page that can be access. Based on what I have heard so far about Marilyn Schlossbach thus far, I think she will be a credible candidate that will have considerable resources at her disposal to help run, organize and fund her campaign. I think her Republican opponents in the district need to be worried!

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Filed under 11th Assembly District, blogging, Democratic Candidate, Facebook, Jersey Shore, Marilyn Schlossbach, NY Times, restaurateur

$500k To Help Business, Environmental Research in New Jersey

Press Release

Grants Will Help Spur Manufacturing, Study of Oceans and Shores.

WASHINGTON, D.C. – U.S. Sens. Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced that the U.S. Department of Commerce (USDOC) has awarded more than $500,000 to the New Jersey Manufacturing Extension Partnership (NJMEP) and the New Jersey Marine Sciences Consortium. The NJMEP grant will help state-based manufacturers increase their productivity and the Marine Sciences grant will help support New Jersey Sea Grant Program.

“New Jersey is home to some of the country’s most innovative research facilities,” Sen. Lautenberg said. “With these funds, we can help increase productivity and innovation, even in these tough economic times.”

“The loss of manufacturing jobs in this country has been a major detriment to our economy, which is why support for the New Jersey Manufacturing Extension Program is so important. Helping to grow and bolster our manufacturing sector in New Jersey helps create jobs and spurs economic activity in our state,” said U.S. Senator Robert Menendez. “The Marine Sciences Grant will continue to support coastal management by putting research to practical use. This grant ultimately benefits future generations of New Jerseyans by preserving our natural resources as well as growing the economy of our coast communities.”

The two grants are as follows:

NJMEP: $139,965 to keep providing of services to manufacturers to aid them in growth, productivity and efficiency.

Marine Sciences Grant: $403,797 for New Jersey Marine Sciences Consortium for their New Jersey Sea Grant program. The Sea Grant is a comprehensive research, outreach and education program that helps us better understand the oceans and costal zones, and how to use the resources they provide us.
Since September 2008, Senators Lautenberg and Menendez have announced more than $1.5 million in federal funding to help support New Jersey’s businesses.

Contact:
Lautenberg Press Office (202) 224-3224

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Filed under economic growth, Jersey Shore, Job creation, Manufacturing, Marine Science Grant, NJMP, productivity, US Department of Commerce, US. Sen. Frank Lautenberg, US. Sen. Robert Menendez

>$500k To Help Business, Environmental Research in New Jersey

>Press Release

Grants Will Help Spur Manufacturing, Study of Oceans and Shores.

WASHINGTON, D.C. – U.S. Sens. Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced that the U.S. Department of Commerce (USDOC) has awarded more than $500,000 to the New Jersey Manufacturing Extension Partnership (NJMEP) and the New Jersey Marine Sciences Consortium. The NJMEP grant will help state-based manufacturers increase their productivity and the Marine Sciences grant will help support New Jersey Sea Grant Program.

“New Jersey is home to some of the country’s most innovative research facilities,” Sen. Lautenberg said. “With these funds, we can help increase productivity and innovation, even in these tough economic times.”

“The loss of manufacturing jobs in this country has been a major detriment to our economy, which is why support for the New Jersey Manufacturing Extension Program is so important. Helping to grow and bolster our manufacturing sector in New Jersey helps create jobs and spurs economic activity in our state,” said U.S. Senator Robert Menendez. “The Marine Sciences Grant will continue to support coastal management by putting research to practical use. This grant ultimately benefits future generations of New Jerseyans by preserving our natural resources as well as growing the economy of our coast communities.”

The two grants are as follows:

NJMEP: $139,965 to keep providing of services to manufacturers to aid them in growth, productivity and efficiency.

Marine Sciences Grant: $403,797 for New Jersey Marine Sciences Consortium for their New Jersey Sea Grant program. The Sea Grant is a comprehensive research, outreach and education program that helps us better understand the oceans and costal zones, and how to use the resources they provide us.
Since September 2008, Senators Lautenberg and Menendez have announced more than $1.5 million in federal funding to help support New Jersey’s businesses.

Contact:
Lautenberg Press Office (202) 224-3224

Leave a comment

Filed under economic growth, Jersey Shore, Job creation, Manufacturing, Marine Science Grant, NJMP, productivity, US Department of Commerce, US. Sen. Frank Lautenberg, US. Sen. Robert Menendez