Category: Business

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Mercer County announces second phase of zero-interest rate loans to businesses through a partnership with the UCEDC

MERCER COUNTY — Mercer County Exec. Dan Benson and the Board of County Commissioners are excited to announce that the County will partner for a second phase with UCEDC to establish a 0% Interest Loan Program for small businesses in Mercer County.

Dedicating an additional $240,000 in American Rescue Plan Act (ARPA) dollars, to be administered through the Mercer County Office of Economic Development, the program will allow Mercer County businesses to apply for affordable access to capital. The UCEDC will provide loans on a first-come, first-served basis utilizing current lending products and capital.

“Small businesses represent the life-blood of our local economy here in Mercer County, “said Mercer County Exec. Benson.

“In extending our interest-free loan program we are excited to give our Mercer County small businesses a meaningful jolt to spur economic development.”

“We are thrilled that Mercer County is extending UCEDC’s contract, leveraging another $500K in interest-free loans. This will provide more assistance to entrepreneurs, building on the $750K we’ve already distributed through our partnership. It’s a privilege to contribute to the success of Mercer County small businesses and make a positive impact on local communities in New Jersey,” said UCEDC President Adam Farrah.

The program will require the following:

  • Businesses must be located in Mercer County, registered with the State of New Jersey and must have been formed on or before September 1, 2019.
  • Businesses must have 30 full-time equivalent employees or less at time of application and have less than $10 million in annual gross revenue based on most recent tax return.
  • Loans will range from $10,000 to $20,000.
  • Loans will be offered at 0% interest, with a five-year repayment term.
  • Funds can be used for working capital, inventory, or purchases of furniture and equipment.
  • No collateral requirements, pre-payment penalties, processing, closing, or application fees will be required.
  • Personal guarantees of the significant owners of the business (10% or greater) are required.
  • Applicants must not have had a bankruptcy or significant charge-offs within the most recent 3-year period.

Based on the maximum loan amount of $20,000 and the parameters above, Mercer County will provide funding to approximately 26 businesses in the target market.

Please click here to see the flyer for the Mercer County Zero-Interest Loan Program or here to apply.

For additional information, please reach out to Theo Siggelakis at TSiggelakis@Mercercounty.org

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Innophos upgrades production facility for EC grade calcium phosphates

CRANBURY, N.J. — (BUSINESS WIRE) — Innophos, a leader in the food and nutritional ingredient industry, is excited to announce a significant upgrade in its production facility for EC (European Commission) grade calcium phosphates. This capital investment is a strategic move to meet the growing demand in the EU food and dietary supplement markets.

 

This investment at Innophos’ Chicago Heights, IL production facility will result in greater manufacturing flexibility and is set to enhance the company’s ability to supply high-quality, EC grade calcium phosphates, long known for their purity, consistency, and compliance with stringent European regulatory standards.

 

Migue DeJong, Commercial Director, stated, “This investment reflects our commitment to providing our European customers with top-tier products and services. We recognize the growing need for high-quality calcium phosphates in the food, health, and wellness industry, and we are poised to meet this demand with our enhanced production capabilities.”

 

Calcium phosphates are essential ingredients in dietary supplements, food and beverage products, and infant food and formula contributing to bone health and overall well-being. Innophos’ EC grade calcium phosphates are specifically designed to blend seamlessly into various formulations, offering excellent bioavailability and stability.

 

For more information about Innophos’ EC grade calcium phosphates and other products, please visit our website.

 

About Innophos

Innophos is a leading global producer of specialty phosphate and mineral solutions serving food, beverage, nutrition, and industrial markets. Leveraging our expertise in phosphate science and technology, we partner with our customers to innovate and deliver products that excel in quality and performance. Headquartered in Cranbury, New Jersey, Innophos has an integrated manufacturing footprint that spans the United States, Canada, Mexico, and China. For more information, please visit www.innophos.com.

Contacts

Carrie Livingston

Email: carrie@colinkurtis.com
Phone: 815-519-8302

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County Exec. Benson releases 100-day accomplishments since his office election

MERCER COUNTY — It has been 100 days since Mercer County Executive Dan Benson was sworn into office on Jan. 1,  2024.

“When we took office, the county faced considerable challenges. The 2022 county audit wasn’t complete, several key financial statements needed corrections, and a key county bond was near its expiration. In our first 100 days, we have put Mercer County on stable footing. We have an experienced team that has restored competence and professionalism to Mercer County government,” said County Executive Benson.

Benson immediately hired a qualified and experienced staff, led by Christopher Marion as County Administrator, Sharon Shinkle Gardner as Chief of Staff, Taraun Tice McKnight and Ana Montero as Deputy Administrators, and Nick Trasente as Chief Financial Officer. In the first 50 days, this team reorganized Mercer County government, making the following changes:

  • County Administrator Marion will oversee Buildings & Grounds, Corrections, Trenton-Mercer Airport, the Mercer County Library System, and the Joint Insurance Fund
  • Deputy Administrator Tice McKnight will oversee Human Services, Mercer County Office of Training and Employment Services (One-Stop Career Center), Housing, and Veterans Affairs
  • Deputy Administrator Montero will oversee a new joint department of Public Health and Safety, including the Office of Emergency Management and Emergency Communications

“While working to fix the county’s finances, we have also laid the foundation for the work ahead. We’ve improved accessibility, fostered greater collaboration with our municipalities, increased transparency to public contracting, modernized our County Code, and ensured our administration is both diverse and transparent,” said County Executive Benson.

Highlights of the Benson Administration’s first 100 days in office include:

  • Completed the long overdue 2022 Mercer County Audit
  • Shared updates on IRS penalties incurred from the last administration with the Board of Commissioners
  • Drafted initial revisions to the Mercer County Code, the first set of revisions in over ten years
  • Completed an April 4th bond note sale rolling over the $150+ million sale from the last administration, at a lower interest rate, while maintaining our bond rating
  • Worked with our new CFO and financial consultants to recreate and identify missing or incorrect County financial documents
  • Obtained a $70,000 grant to install hearing induction loops to assist the deaf and hard-of-hearing at select county facilities
  • Launched a new round of zero-interest loans for local small businesses
  • Provided funding to help Hamilton Township buy and preserve Kuser Woods
  • Completed a comprehensive After Action Review of Mercer County’s response to the COVID-19 pandemic
  • Appointed a diverse group of Mercer residents to numerous Boards and Commissions

Benson added, “There’s a lot of work still ahead, but we are committed to making sure Mercer County government works for everyone. We will do whatever it takes to make that pledge a reality.”

  • Hiring a new Office of Emergency Management Director
  • Establishing a Division of Tourism & Travel in Economic Development
  • Creating a Mercer County Office of LGBTQIA+ Services within Human Services
  • Breaking ground on the Trenton-Mercer Airport Firehouse (Aircraft Rescue and Fire Fighting facility)
  • Preparing the 2024 Mercer County Budget for adoption
  • Auditing Mercer County Information Technology Systems
  • Installing Wi-Fi at Trenton-Mercer Airport
  • Completing an audit of Mercer County Parks System.
  • Conducting a Corrections Facility Assessment
  • Hosting Bi-Annual Legislative Delegation meetings to discuss Mercer County’s priorities

“I am excited for the future of Mercer County and for our next 100 days and beyond,” said County Executive Benson. “Collaboration, transparency, and professionalism are cornerstones of our administration, and we are dedicated to keeping our community informed about our continued progress.”

For additional information, please reach out to Theo Siggelakis at TSiggelakis@Mercercounty.org.

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AdvanSix to release first quarter financial results and hold Investor Conference Call on May 3

PARSIPPANY, N.J. — (BUSINESS WIRE) — AdvanSix (NYSE: ASIX) will issue its first quarter 2024 financial results before the opening of the New York Stock Exchange on Friday, May 3. The company will also hold a conference call with investors at 9 a.m. ET that day.

 

Presentation materials / Webcast details

A real-time audio webcast of the presentation can be accessed at http://investors.advansix.com. Related materials will be posted prior to the presentation at that site, and a replay of the webcast will be available on the AdvanSix investor website following the presentation.

 

Conference call details

To participate on the conference call, dial (844) 855-9494 (domestic) or (412) 858-4602 (international) approximately 10 minutes before the 9:00 a.m. ET start and tell the operator that you are dialing in for AdvanSix’s first quarter 2024 earnings call. A replay of the conference call will be available from 12 noon ET on May 3 until 12 noon ET on May 10. You can listen to the replay by dialing (877) 344-7529 (domestic) or (412) 317-0088 (international). The access code is 7285784.

 

About AdvanSix

AdvanSix is a diversified chemistry company that produces essential materials for our customers in a wide variety of end markets and applications that touch people’s lives. Our integrated value chain of our five U.S.-based manufacturing facilities plays a critical role in global supply chains and enables us to innovate and deliver essential products for our customers across building and construction, fertilizers, agrochemicals, plastics, solvents, packaging, paints, coatings, adhesives, electronics and other end markets. Guided by our core values of Safety, Integrity, Accountability and Respect, AdvanSix strives to deliver best-in-class customer experiences and differentiated products in the industries of nylon solutions, plant nutrients, and chemical intermediates. More information on AdvanSix can be found at http://www.advansix.com.

 

Contacts

Media
Janeen Lawlor

(973) 526-1615

janeen.lawlor@advansix.com

Investors
Adam Kressel

(973) 526-1700

adam.kressel@advansix.com

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D&R Greenway Land Trust announces Spring 2024 Native Plant Sale dates in April at the Johnson Education Center in Princeton

PRINCETON, N.J. — The public is invited to welcome spring by visiting the Native Plant Nursery at the Johnson Education Center during D&R Greenway’s Spring 2024 native plant sale, from 12 p.m. to 4 p.m. Thursday, April 25; and 12 p.m. to 3 p.m. Friday, April 26; also from 9 a.m. to 12 p.m. Saturday, April 27.

 

Photo: Supporting the ecosystem by planting a tree
Photo: Native beebalm is a favorite treat for pollinators
Photo:  A monarch caterpillar feasts on butterfly milkweed at D&R Greenway’s Native Plant Nursery

D&R Greenway’s stewardship team and volunteers will be on hand to help visitors choose the perfect plants that will flourish in different garden soils and conditions.

 

All sales are in person this year and visitors are invited to spend some time to enjoy

 

the beauty of nature by exploring the grounds surrounding the Johnson Education Center and walking the labyrinth.

 

D&R Greenway’s comprehensive online catalog for review provides thorough plant descriptions, and pro-tips from D&R Greenway’s experienced Stewardship team and can assist you in selecting the right native plants, shrubs and trees for your garden habitat.   Consider Swamp milkweed (host to monarch butterfly), New England aster (seeds are eaten by birds), black cherry tree (host plant for 450+ species of butterflies), cardinal flower (provides natural nectar source for hummingbirds), marginal woodfern (host plant for caterpillars), foamflower (native groundcover) and many more.

 

Visit https://drgreenway.org/shop/native-plants/ for the full list of available plants.

 

“How better to show you care about the future than by planting a tree?” says Tina Notas, Director Land Stewardship.

 

Planting natives enhances home gardens in natural beauty, attracts butterflies and birds in the landscape, and contributes to protection of a healthy bioregion. The Nursery is on the grounds of D&R Greenway’s Conservation Campus at the Johnson Education Center, One Preservation Place, [off Rosedale Road] Princeton, N.J. 08540.  Native Plant Sale proceeds support D&R Greenway’s preservation and stewardship mission. www.drgreenway.org.

About D&R Greenway Land Trust: Celebrating 35 years of land preservation, D&R Greenway Land Trust is an accredited nonprofit that has reached a milestone of over 22,000 acres of land preserved throughout central New Jersey since 1989. By protecting land in perpetuity and creating public trails, it gives everyone the opportunity to enjoy the great outdoors. Through strategic land conservation and stewardship, D&R Greenway combats climate change, protects birds and wildlife, and ensures clean drinking water for future generations. D&R Greenway’s mission is centered on connecting land with people from all walks of life. www.drgreenway.org; info@drgreenway.org. Follow us on Facebook and Instagram.

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Talking Medicines reports record revenue bookings and strategic partnerships in Q1, 2024

GLASGOW, Scotland — (BUSINESS WIRE) — Talking Medicines, a pioneering leader in healthcare intelligence leveraging Advanced Data Science and Artificial Intelligence, is proud to announce a robust start to 2024, marked by record revenue bookings and significant advancements in its innovative platform Talking Medicines Drug-GPT. The Company is headquartered in Glasgow with a growing sales presence in New Jersey/New York/Philadelphia.

 

In the first quarter of 2024, Talking Medicines achieved significant success with its Talking Medicines Drug-GPT platform, revolutionizing access to intelligence on pharmaceutical medicine brands and disease areas. This innovative technology has garnered substantial interest from leading global healthcare advertising agencies, who recognize its potential to transform strategies for pharmaceutical clients.

 

Among Talking Medicines’ esteemed clientele are some of the world’s most prominent healthcare ad agency networks, reaffirming the platform’s efficacy in providing key insights derived from aggregated patient and healthcare professional conversations. By tapping into previously unseen data, Talking Medicines empowers its clients to drive better strategies and make informed decisions in relation to the pharmaceutical landscape.

 

Furthermore, Talking Medicines has forged strategic partnerships with both open and closed data communities, solidifying its commitment to expanding access to crucial insights. Notable among these partnerships is the collaboration with data aggregator Socialgist, which enables Talking Medicines to tap into millions of public conversational sites, enriching the Talking Medicines Drug-GPT platform with a wealth of diverse data sources.

 

Speaking on these achievements, Jo Halliday CEO expressed excitement about the company’s trajectory and the transformative impact of Talking Medicines Drug-GPT on the healthcare industry. “We are thrilled by the overwhelming response to Talking Medicines Drug-GPT and our strategic partnerships. This success underscores our dedication to empowering healthcare stakeholders with actionable insights derived from Advanced Data Science and Artificial Intelligence,” Jo Halliday, CEO stated.

 

Looking ahead, Talking Medicines remains committed to driving innovation and fostering collaborations that enhance healthcare decision-making through intelligence globally.

 

About Talking Medicines:

Talking Medicines based in Glasgow and New Jersey is a leading provider of healthcare intelligence, leveraging Advanced Data Science and Artificial Intelligence to transform pharmaceutical brand strategies. The company’s innovative platform, Talking Medicines Drug-GPT, revolutionizes access to intelligence on pharmaceutical medicine brands and disease areas, empowering healthcare stakeholders with actionable insights derived from aggregated patient and healthcare professional conversations. For more information, please visit www.talkingmedicines.com.

Contacts

Britt Gibson

Britteny@talkingmedicines.com
+1 551-280-9502

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SageSure to Acquire GeoVera MGA, Including GeoVera’s Industry-Leading Underwriting Franchise in Residential Earthquake Risk

Transaction and track record of underwriting outperformance solidify SageSure as the leader in catastrophe-exposed property insurance.

 

JERSEY CITY, N.J. — (BUSINESS WIRE) — SageSure, one of the largest managing general agents focused on catastrophe-exposed markets, today announced that it has entered into a definitive agreement to acquire GeoVera Advantage Insurance Services, Inc. (“GeoVera MGA”), an existing managing general agent within the specialty property insurance provider GeoVera Insurance Holdings, Ltd. (“GeoVera”).

 

Upon the transaction’s completion, SageSure will assume the underwriting operations of GeoVera MGA’s best-in-class residential earthquake franchise.

With the addition of the GeoVera MGA’s deep earthquake expertise, the transaction will further enhance SageSure’s robust catastrophe risk underwriting capabilities and accelerate its entrance into new markets, including Oregon and Washington.

 

“We are excited to enter into an agreement that solidifies SageSure as one of the leading underwriters of catastrophe-exposed property risk in the US. This transaction is a rare opportunity to create significant value for employees and investors of both companies,” said Terrence McLean, President and CEO of SageSure. “The addition of Nesrin Basoz and the GeoVera MGA team will ensure continuity in GeoVera’s product offerings and a seamless experience for GeoVera distributors and policyholders.”

 

Both SageSure and GeoVera MGA teams will continue to drive their respective areas of expertise with the common goal of delivering underwriting outperformance.

 

The transaction will also establish SageSure’s partnership with GeoVera’s insurance carriers, which will provide residential earthquake capacity in California, Oregon, and Washington, and E&S homeowners, commercial habitational, and residential wind capacity in Florida. SageSure’s existing carrier partner SafePort Insurance Company will join GeoVera’s insurance carriers, enhancing an already strong, well-capitalized, and diversified AM Best-rated carrier group.

 

“We are proud to partner with SageSure on this innovative transaction,” said John Forney, President and CEO of GeoVera. “Our MGA team will provide SageSure with additional underwriting expertise and product diversity, while our new carrier partnership will ensure stability and continuity for GeoVera agents and policyholders. We look forward to the exciting opportunities this partnership will bring.”

 

To support the transaction, credit funds managed by Ares Management, SageSure’s long-standing capital provider, will provide an expansion to SageSure’s existing debt facility.

 

Howden Capital Markets & Advisory is serving as exclusive financial advisor to SageSure on the transaction, with Willkie Farr & Gallagher LLP serving as SageSure’s legal counsel.

 

The transaction is expected to close in the fourth quarter of 2024, subject to the receipt of required regulatory approvals and other customary closing conditions.

 

About SageSure

SageSure is the managing general agent specializing in coastal residential and commercial property insurance. SageSure offers more than 50 competitively priced insurance products in 14 coastal states on behalf of its carrier partners, serves more than 550,000 policyholders, and has more than $1.6 billion of inforce premium. Since its launch in 2009, SageSure has been pioneering property insurance through its market-leading online quoting and binding platform and its sophisticated risk modeling and scoring technology. For more information, visit sagesure.com.

 

About GeoVera Insurance Holdings, Ltd.

GeoVera Insurance Holdings, Ltd. is a provider of specialty property insurance products focused on catastrophe-exposed properties in the earthquake and wind markets, operating on both an admitted and surplus lines basis. GeoVera is headquartered in Fairfield, CA with offices in Sheboygan, WI, Jacksonville, FL and Tampa, FL. GeoVera and its subsidiaries maintain a Financial Strength Rating of A (Excellent) from AM Best. For more information, visit GeoVera.com.

Contacts

Walker Sands

sagesure@walkersands.com

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TheraBreath™ brand expands product line with Deep Clean and Overnight Oral Rinses

TheraBreath’s New Dentist-Formulated Rinses Continue to Bring Alcohol-Free Oral Care Solutions to Consumers Nationwide

 

EWING, N.J. — (BUSINESS WIRE) — TheraBreath™ brand, the fastest-growing mouthwash brand in the U.S. among leading brands, announces two new additions to the oral care aisle: TheraBreath Deep Clean Oral Rinse and TheraBreath Overnight Oral Rinse. Both rinses offer dentist-formulated, alcohol-free, and dye-free solutions for oral health.

 

TheraBreath Deep Clean Oral Rinse marks the brand’s debut with antiseptic benefits all while preserving their signature alcohol-free formula across their oral rinses. The new rinse effectively kills 99.9% of germs that cause bad breath, plaque, and gingivitis.* Coming in a new Fresh Mint flavor, Deep Clean provides a minty fresh taste.

 

Specially intended for nighttime use, TheraBreath Overnight Oral Rinse is an anticavity fluoride rinse that fights bad breath for 12 hours**. The rinse also helps to prevent cavities and strengthen enamel. Coming in a Chamomile Mint flavor, this unique flavor profile aligns well with bedtime routines.

 

“These new rinses reflect our deep commitment to oral care. They are crafted from research and understanding of what our consumers truly need – effectiveness and a product that fits seamlessly into their daily lives,” said Anthony Cirigliano, TheraBreath’s Lead Product Development Engineer.

 

TheraBreath’s products cater to a personalized approach to oral hygiene with each product offering specific benefits for a consumer’s individual needs. TheraBreath Deep Clean Oral Rinse and TheraBreath Overnight Oral Rinse are now available at retailers nationwide such as Walmart, Walgreens, and Target in addition to Amazon. For more information about TheraBreath products, please visit www.therabreath.com/pro.

*In laboratory testing

**When used as directed

 

About TheraBreath™:

In 2021, the TheraBreath brand was acquired by Church & Dwight Co., Inc., becoming the latest addition to its family of oral care products that include Waterpik® water flossers, ARM & HAMMER™ toothpaste, and Spinbrush™ toothbrushes. TheraBreath’s founder, Dr. Harold Katz created the oral care rinses at the California Breath Clinics over 30 years ago. TheraBreath products are revolutionary because they attack the germs that cause bad breath. TheraBreath has grown to have an extensive line of oral care products that include addressing issues such as gum health, teeth whitening, cavity prevention, and dry mouth symptoms.

Contacts

Media Contact:
Molly Walsh

molly.walsh@gcw.agency

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Box Office: ‘Godzilla x Kong’ to tower over ‘Monkey Man,’ ‘First Omen’

“Godzilla x Kong: The New Empire” is poised to stomp all over the box office competition… again.

 

After its better-than-expected debut, Warner Bros. and Legendary Entertainment’s monster tentpole has generated $95 million domestically and $210 worldwide to date. Now, “Godzilla x Kong” looks to add $32 million to $36 million in its second weekend of release.

 

Those ticket sales, down roughly 55% from its opening, will easily be enough to lead over two newcomers, director Dev Patel’s action-thriller “Monkey Man” and Disney and 20th Century’s supernatural prequel “The First Omen.”

 

“Monkey Man” is targeting $12 million to start, while “The First Omen” is projected to pull ahead with $14 million to $15 million. Holdovers, including “Kung Fu Panda 4,” “Dune: Part Two” and “Ghostbusters: Frozen Empire,” will otherwise round out box office charts.

 

“Monkey Man” was initially destined for Netflix and not the big screen. But Universal Pictures landed rights after Jordan Peele, whose production company has a distribution deal with the studio, saw and acquired the movie, feeling it was deserving of a theatrical release. It was picked up for $10 million, so it won’t take much to turn a profit in its big screen run.

 

Patel, in addition to directing in his feature debut, also stars in the politically charged film that takes on the Hindu caste system. He plays Kid, an anonymous man who exacts revenge on the corrupt leaders who are responsible for the death of his mother. Through his journey, he becomes the savior of the poor and powerless people. Reviews have been mostly positive, with Variety’s Owen Gleiberman praising the all the blood-soaked action. “The best thing about ‘Monkey Man’ is Patel’s staging of, and acting in, the fight scenes,” he wrote in his review. “They’re far more random and spontaneous than we’re used to, with a razory intensity.”

 

“The First Omen” is the sixth installment in the otherworldly franchise and its first new entry in 18 years. It’s eyeing a similar start to its series predecessor, 2006’s reboot “The Omen,” starring Liev Schriber and Julia Stiles. That film opened to $16 million and eventually powered to $119 million globally (not adjusted for inflation).

 

“The First Omen” was modestly budgeted and cost about $30 million to produce. This film, which takes place before the events of “The Omen,” follows an American woman (Nell Tiger Free) sent to work at a church in Rome. Once she’s there, she uncovers a sinister conspiracy to bring about the birth of the Antichrist.

 

Read More

 

 

— Variety

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Matt Rife sets two Netflix comedy specials, including first full-length crowd work show

More Matt Rife is coming to Netflix.

 

Following his comedy special “Natural Selection” in November 2023, Rife will make two more specials at Netflix. The first in Rife’s two-special deal is set to release later this year. It will be Netflix’s first-ever, full-length crowd work special. It will shoot at The Comedy Zone in Charlotte, N.C., and will be directed by Erik Griffin. Irony Point will produce, along with Rife and his manager Christina Shams as executive producers.

 

Rife’s “Natural Selection,” brought in more than 10 million views in the first few weeks of its release along with reaching the Global Top 10 in 42 countries. Prior to his Netflix hit, Rife released three YouTube specials, which he self-produced and distributed, that now sit at 43 million views.

 

The comedian is also a social media star after his career grew by going viral times on TikTok and having a combined 33 million followers and 2 billion views across all platforms. Last year, Rife broke Ticketmaster due to high demand for ticket sales to “The ProbleMATTic World Tour.” The tour included four sold-out shows at Dolby Theater, six nights at Radio City Music Hall and five sold-out shows at Mohegan Sun Area. While his “ProbleMATTic World Tour” is still going strong, there are more stops to come in the U.S., Canada, Australia, Europe and the Middle East.

 

Rife returns to Los Angeles to headline The Hollywood Bowl on May 8 for the Netflix Is A Joke Festival, which will be his first-ever appearance.

 

Read More

 

 

— Variety