Corner Office: Executive Q&A
We asked local executives an important question: How aligned is your organization, both externally and internally, during this pandemic?
John Oberer
Associate Principal, GZA GeoEnvironmental
“GZA remains well aligned and positioned both internally and externally to weather the pandemic and the associated restrictions placed on us. We are fully capable of operating completely remotely and most of our staff have been doing so since early March of this year. Our company is used to working as a team across multiple offices and this situation has allowed us to extend that capability to our individual remote locations.”
Gary Stockbridge
President, Atlantic City Electric
“Reliable energy service has been a critical component to powering through this pandemic. We continue to perform essential work to upgrade the local energy grid and respond quickly when outages do occur. We’ve also helped thousands of customers who are facing financial challenges identify the assistance necessary to continue energy service and we continue to support our communities with more than $1.2 million in charitable contributions this year, including support for South Jersey pandemic relief efforts.”
BREAKDOWN
Gov. Phil Murphy and his administration have signed off on a debt sale that will bring in $4 billion to help sustain the state budget during the coronavirus pandemic. State Treasurer Elizabeth Maher Muoio says they believe investors have faith in the fiscal outlook of the state, due to significant oversubscription and a favorable interest rate. The total interest cost of the tax-exempt issue is expected to be just under 2%.
Three current and former New Jersey officials will work with Joe Biden and Kamala Harris as volunteer members for their presidential transition agency review teams. Dr. Shereef Elnahal, the former commissioner of the Department of Health, will be a part of the Department of Veteran Affairs team; Vinn White, a senior transportation advisor to the Murphy administration, will be a part of the Department of Transportation team and Anna Martinez, director of the Division on Women in the Department of Children and Families, will be a part of the Department of Health and Human Services.
An additional $60 million in CARES Act money will go towards grants for Phase 3 of the New Jersey Economic Development Authority’s Small Business Emergency Assistance Grant Program. Phase 3 now has a total of $130 million to be distributed and will be enough to grant every eligible company that applied. So far, more than 22,000 small businesses in the state have been approved for grants totaling nearly $65 million through Phase 1 and 2.
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Published (and copyrighted) in South Jersey Biz, Volume 10, Issue 11 (November 2020).
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Click here to subscribe to the free digital editions of South Jersey Biz.
To read the digital edition of South Jersey Biz, click here.
Published (and copyrighted) in South Jersey Biz, Volume 10, Issue 11 (November 2020).
For more info on South Jersey Biz, click here.
To subscribe to South Jersey Biz, click here.
To advertise in South Jersey Biz, click here.
Author: South Jersey Biz
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