Friday, November 9, 2018
8:00 - 11:30 a.m.
Crowne Plaza, Cherry Hill
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Agenda
8:00 - 8:30 a.m.
Registration, Networking,
Buffet Breakfast & Exhibits Open
8:30 - 9:00 a.m.
Keynote Speaker
9:00 - 11:30 a.m.
Career Counseling & Exhibits Open
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Keynote Speaker
Mike Maher
Former Surface Warfare Officer
United States Navy
Founder/CEO,
Houwzer
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Share the invitation with
Veterans and transitioning service members in your network
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Veterans attend for FREE
$25 for pre-registered members
$35 for late registration after 11/6
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State Affairs Committee featuring
Assemblyman Vince Mazzeo
Tuesday, November 13, 2018
8:30 - 10:30 a.m.
Sheraton Atlantic City
Convention Center Hotel
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Meet the Policymakers featuring
NJDOBI Commissioner
Monday, November 19, 2018
11:30 a.m. - 1:30 p.m.
The Westin Mount Laurel, Mt. Laurel
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Meet the Policymakers featuring
NJDOH & NJDHS Commissioners
Monday, November 26, 2018
11:30 a.m. - 1:45 p.m.
The Hotel ML, Mt. Laurel
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Good Morning South Jersey Series
Tuesday, November 27, 2018
8:00 - 10:30 a.m.
The Westin Mount Laurel, Mt. Laurel
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Opportunity Zones Alert: Guidance has Arrived!
As a potentially powerful tool to encourage economic development in designated distressed communities all over the country, Opportunity Zone legislation has created excitement and anticipation for investors, fund managers, investees, and local community development stakeholders for almost 10 months. And now we have guidance (as proposed) that provides clarity on some very important issues. The proposed regulations should create additional momentum for activity in the Zones, and bring more investors off the sidelines.
The guidance is very helpful regarding how investors should mitigate risks, as they explore the most effective way to "do well by doing good." What is contained in the proposed regulations is very helpful, but it is important to note that comments to the most-recent clarifications are requested and therefore the ultimate outcome is subject to change. We should also note that there are more regulations - and possibly additional forms of clarification - pending. The expectation is that the impediments to optimizing, if not maximizing investment in Opportunity Zones, will be addressed, and we will all see the power unleashed by this progressive tax provision.
The guidance deals with two very basic issues that were largely expected, but nonetheless of import to interested observers. The first is that only capital gains will be eligible for deferral based on any sale or exchange or other gain included in a taxpayer's computation. The second is the ability to use an LLC as the Qualified Opportunity Fund (QOF) vehicle, in addition to a partnership or corporation.
The guidance released on October 19 is lengthy, so we have distilled the content into some of the more impactful aspects. It is important not to infer too much from the guidance, especially with another round of clarifications (and comments to this guidance) pending. Application of the proposed regulations is always best dealt with in the context of the facts and circumstances of specific situations. Similarly, there may be ways to interpret guidance depending on how certain asset classes will characteristically benefit, or require some creative and thoughtful approaches to their business models.
GAIN INSIGHT
Read our full alert, which outlines guidance and significant considerations on the Opportunity Zone legislation here. Join us on Monday, November 5th for a live webinar on Opportunity Zones and the impact of the newly released guidance on growth and investment strategy by registering here. To learn more about Opportunity Zones, visit CohnReznick's Opportunity Zone Homepage here.
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State
Affairs Committee features
Asm. Howarth & Asm. Peters
On October 17, Assemblyman Joe Howarth & Assemblyman Ryan Peters discussed
the state of Trenton, laws that could affect businesses and their priorities for the South Jersey business community.
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YPs Network After Hours
On October 17, Cescaphe Founder & CEO, Joe Volpe addressed CCSNJ's up-and-coming young professionals at Zed's Beer in Marlton.
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Good Morning SJ event features Chickie's & Pete's Leader
On October 19, nearly 100 CCSNJ members attended the Well's Fargo Good Morning South Jersey Series event to hear from Pete Ciarrocchi, President & CEO of Chickie's & Pete's, on the history of the business and how it became a success.
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Second Congressional District Candidates Forum
On October 23, CCSNJ's Congressional Action Committee held a Second Congressional District Forum with Democratic Candidate Jeff Van Drew & Republican Candidate Seth Grossman.
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Congressional Action Committee features Bob Hugin
Bob Hugin, Republican Candidate for U.S. Senate, addressed CCSNJ members on October 26 at a Congressional Action Committee meeting.
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Rutgers Business Outlook Examines Regional Economy
On October 30, a panel of experts gave an update on economic conditions in their respective sectors at the Rutgers Business Outlook presented by CCSNJ and Flaster Greenberg PC.
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Communications & Energy Committee features Rep. Pallone
On October 31, Congressman Frank Pallone, Jr. discussed his powerful role and priorities as Ranking Member for the House Energy and Commerce Committee.
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CCSNJ & BCRCC Hosts Burlington County Freeholders Forum
On November 1, CCSNJ & BCRCC hosted the Burlington County Freeholders Forum featuring Republican Candidate Kate Gibbs, Freeholder Director; Republican Candidate Linda Hughes, Freeholder Deputy Director; and Democratic Candidate Felicia Hopson.
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Network Connection Series Lunch held at The ChopHouse
On November 1, more than 60 members and guests attended CCSNJ's Network Connection Series lunch at The ChopHouse. The last NCS lunch event will be at Seasons52 on December 6.
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Vice President of Business Development
The Roof Wizard
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NETWORK not SITWORK!
Start with HOMEWORK. The night before each meeting look at the attendee list sent out by the Chamber. See if there is someone you want to meet. If yes, first send an email to Lisa Hurd-VP, Membership ([email protected]) and ask her to introduce you to your prospect. Then do a little research and try to send them an email or a Linkedin message saying you will be at the next meeting and would really look forward to meeting them. The next day, look for Lisa, (or one of the Chamber Ambassadors with the blue badges), to help make the introduction and go from there.
Now, most important: at the meeting mingle, pass some business cards, NETWORK. Move amongst the group looking to meet new people. When finding somewhere to sit during the meeting, make sure you sit with people you do not know!
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Anthony Mongeluzo, President, PCS, receives Goodwill Award
Goodwill Industries of Southern New Jersey and Philadelphia recently celebrated another year of successfully turning on the power of work for local residents with disabilities at its 2018 Awards Reception, which took place at The Marian House in Cherry Hill.
At the event, Medford resident Anthony Mongeluzo was honored with Goodwill's coveted Helms Award for his entrepreneurial spirit and outstanding philanthropic contributions to the community.
Through PCS, Anthony has contributed more than $250K to local community organizations including Robin's Nest, Legacy, the Wounded Warrior Project, Durand Academy and The Food Bank of South Jersey.
Corporate & Aviation Law Attorney Lauren N. Schwimmer Joins Flaster Greenberg PC
Schwimmer works in Flaster Greenberg's Philadelphia and Cherry Hill offices and represents corporations, airports, individuals and financial institutions in a wide variety of matters.Her focus will be in corporate, transactional and M&A matters, but she has additional experience in the areas of aviation law, banking law, and bankruptcy.
Food Bank of South Jersey Appoints Fred Wasiak as New CEO
The Food Bank of South Jersey's Board of Trustees has announced Fred Wasiak, a local South Jersey resident with over 30 years of leadership and executive management experience, as the new CEO, effective November 5, 2018. As CEO, Wasiak will oversee all aspects of the Food Bank, including financial sustainability and operations, community engagement, programs, and staff development.
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Considering costs from all angles
By Ryan Petrizzi, Vice President of Sales,
AmeriHealth New Jersey
When selecting a health plan for your small business there are several factors that should be taken into account. Price is naturally the first consideration, but comparing the cost to buy versus the cost to use your plan is really the key.
In some instances, monthly premiums may be affordable, but can be cancelled out by high deductibles or other fees like co-pays and co-insurance, which can add up quickly. Understanding the out-of-pocket costs associated with a plan's pharmacy benefit can pay off in the long run too.
Beyond price, be sure to ask about the resources available to you and your employees to ensure you are maximizing all that your health plan has to offer.
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