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The AACCNJ hosts  town hall meeting with over 200 in attendance — Topic: ‘The Fierce Urgency of Now’

TRENTON, N.J. —  The African American Chamber of Commerce of New Jersey (AACCNJ) hosted a town hall on Feb. 7 , from 3 to 6 p.m., with over two hundred in attendance at the Crowne Plaza Princeton, Conference Center in East Windsor, N.J.

 

The meeting was convened to provide an open forum for discussion and included a presentation on the State’s newly released Disparity Study, conducted by Mason Tillman Associates, LTD.

 

The Presentation was led by Dr. Denise Anderson, Founder & CEO, Denise Anderson & Associates (DA&A) LLC, and moderated by John E. Harmon, Sr., IOM, Founder, President & CEO, AACCNJ, and included a lengthy Q&A session with the audience, which consisted of AACCNJ members, and stakeholders, elected officials, representatives from the state government, and Chambers of Commerce.

 

The State’s commissioned study documented institutional discrimination to African American businesses in NJ.  Dr. Denise Anderson received a positive response to her statement “Disparities need to be addressed between Blacks and Whites and within minority groups. We need specific solutions for different populations based on the data and their needs. Regardless of how we are classified – lumping us as “minority” does not make us monolithic.”

 

Dr. Anderson’s presentation was met with a standing ovation at the conclusion.  Dr. Anderson also quoted Frederick Douglass and James Baldwin in her presentation, quotes that resonated with the audience.

 

“Each day the AACCNJ and its members continue to fight what Dr. King called the ‘soft bigotry of low expectations,’ and we prove time and time again, that when the opportunity presents itself, we are ready,” said John E. Harmon, Sr.

 

Harmon set forth a call to action to those in attendance, to reach out to their local and state elected officials to voice their concerns, and to let them know they were in attendance.  CEO Harmon fielded more than two dozen questions during the audience Q& A segment.

 

“I knew that we invited the right person to make a presentation to our constituents on the Disparity Study, Dr. Anderson’s knowledge and analysis of the data was excellent and was presented in a straightforward manner to the audience,” said Gary Mann, AACCNJ, Chairman of the Board.

 

“Tuesday marks two weeks since the state released the long-promised disparity study — one that showed all minority groups, as well as females, have received nowhere near their “fair share” of state contracts, based on their population size and their ability to do the work.

 

The 221-page report, commissioned in 2020, was filled with stunning data, including this fact: Even though Black-owned companies in the state represent 9.19% of the available construction businesses, they received only 0.14% of the dollars on construction contracts valued over $65,000 to $5.71 million. (The report estimates this potentially cost these businesses $209 million).

 

More stunning: These numbers didn’t surprise anyone, including state officials.

 

Even more stunning: The state, after releasing this report, seemingly has done little to address the issue. No focus groups, roundtable discussions, executive orders or legislative proposals have been announced.

 

After years of saying it needed a study to be able to do something, the state has not made any public announcements on how it will address the findings.”1

 

“The Study, as expected, revealed that African American businesses received little of the $ 18.5 billion the Murphy administration spent on contracts for construction, professional services and goods and services from 2015 to 2020,” said John E. Harmon, Sr.

 

“While expecting the worst, little did we know that the Study would document African Americans received less than one (1) percent of the $18.5 billion dollars the State awarded to contractors.  African American businesses received a pittance despite the fact that we represent, 14 percent of the population, and over 10 percent of the businesses in New Jersey willing and able to contract with the State.”

 

“As we move forward, we ask the Governor and his administration to also hold a statewide meeting, to discuss the results of the disparity study,” said Harmon.

 

“The Administration needs to establish a race and gender-based program with minority and woman-owned business utilization goals to end the discriminatory practices in its award of contracts,” said Harmon. “Our mutual goal henceforth is to have a more equitable participation in every area of the public sector wherein economic opportunities exist.”

 

The AACCNJ has convened a Disparity Study Task Force Committee to work with the Murphy administration to outline our engagement plan with the state and develop a strategy to address disparities and underperformance among Blacks in New Jersey.  The task force will be co-chaired by Dr. Denise Anderson, Denise Anderson and Associates and Ferlanda Nixon, Esq., Chief of Public Policy & External Affairs, AACCNJ.  Committee Members include John E. Harmon, Sr., President  CEO, AACCNJ, Gary Mann, Chairman of the Board, AACCNJ, Tammeisha Smith, Vice Chair of the Board, Stan Prater, Senior Advisor to AACCNJ President & CEO, Tanya Freeman, Esq, Chair of the Board, NY State Black Business Alliance (NYSBBA), Robert Johnson, Esq., Secretary, AACCNJ, Board of Directors, Marcus Dyer, CPA, Treasurer, AACCNJ, Board of Directors, Robert Warrington, Esq., AACCNJ Board of Directors, and Monique Nelson, Executive Chair, UWG.

 

1  https://www.roi-nj.com/2024/02/06/diversity-inclusion/2-weeks-after-release-of-shocking-disparity-study-state-seemingly-has-done-little-to-address-issue/

 

About the African American Chamber of Commerce of New Jersey

The African American Chamber of Commerce of New Jersey (AACCNJ) performs an essential role in the economic viability of New Jersey. While providing a platform for New Jersey’s African American business leaders, to speak with a collective voice, the AACCNJ advocates and promotes economic diversity fostering a climate of business growth through major initiatives centering on education and public policy. The Chamber serves as a proactive advocacy group with a 501(c) 3 tax exemption, which is shared by the National Black Chamber of Commerce.

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Best’s Special Report: US economy could see slowdown after better-than-expected 2023

OLDWICK, N.J. — (BUSINESS WIRE)–#insurance–The U.S. economy performed better than expected in 2023, significantly reducing the possibility of a recession in 2024. However, according to a new AM Best report, growth is still set to slow due to a variety of headwinds.

 

According to the Best’s Special Report, “US Economy: Soft Landing May Experience a Bumpy Road,” strong domestic consumption led to the GDP growth of 2.5% in 2023, aided by a tight labor market, growth in real incomes and positive wealth effects from the housing and stock markets. Government spending also contributed to economic activity, owing to the passage of the Inflation Reduction Act and the Chips and Science Act, which boosted federal spending. Private investment and exports had mixed results, but the economy still ended on a positive note, growing by an annualized 3.3% on a fourth-quarter basis, bringing positive momentum into 2024.

 

The report also notes that inflation continues to move down toward the Federal Reserve’s target of 2.0% and is likely to continue to fall in the upcoming year. However, the risk that inflation may spike persists given the precarious geopolitical environment. Various conflicts around the world have the potential for supply chain disruptions and commodity price shocks, which would increase costs and cause higher inflation.

 

“As the Fed was tightening policy to rein in inflation, the government undertook expansionary fiscal spending with fiscal deficits running approximately 7%-8% of GDP,” said Ann Modica, director, credit rating criteria, research and analytics, AM Best. “If fiscal deficits continue to grow, policy rates are likely to remain higher due to the inflationary impact. Additionally, public debt is becoming a larger concern, with interest payments almost twice as much as they were three years ago.”

 

Interest rates may be at or near their peak, according to the report, with the Fed projecting rate cuts totaling 75 basis points in 2024. With the rate cuts, mortgage rates are expected to come down as well. However, monetary policy may remain somewhat restrictive, given its lagged effect. Consumer spending, which remains the main driver of US economic activity, likely will moderate in 2024. The expected economic slowdown, dwindling savings, rising debt levels and a weaker employment outlook all have the potential to lead to a decline in domestic consumption.

 

To access the full copy of this report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=340405.

 

For a video discussion about this report with Ann Modica, director, AM Best, please visit http://www.ambest.com/v.asp?v=ambeconomy224.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Ann Modica
Director, Credit Rating Criteria,
Research and Analytics
+1 908 882 2127
ann.modica@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

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OPEX® Corporation to demonstrate its Warehouse Automation technology at MODEX 2024, with launch of its newest solutions

MOORESTOWN, N.J. — (BUSINESS WIRE) — OPEX® Corporation, a global leader in Next Generation Automation for almost 50 years, will showcase its advanced Warehouse Automation solutions at MODEX 2024, the largest manufacturing and supply chain trade event, scheduled for March 11 through 14 at the Georgia World Congress Center in Atlanta.

 

“We look forward to participating in MODEX once again in 2024,” said Alex Stevens, President, Warehouse Automation, OPEX.

 

“This gathering provides an ideal forum to engage with industry thought leaders, and to demonstrate the innovative solutions in our Warehouse Automation portfolio. We’re particularly excited to be introducing our most advanced sorting solutions yet at MODEX 2024.”

 

At MODEX Booth #B6602, OPEX will be exhibiting two of its premier solutions. Onsite will be the Infinity® automated storage and retrieval system (AS/RS), first introduced at MODEX 2022. Designed to reduce labor challenges, drive order accuracy, maximize existing space, and scale to meet demand, the Infinity AS/RS features unparalleled storage density, configurability, and flexibility. This next generation goods-to-person solution is ideal for multiple applications, including omni-channel distribution, store replenishment, micro-fulfillment, and ecommerce.

 

Making its debut at MODEX will be OPEX Corporation’s newest innovations in automated sortation. A press conference will be held in OPEX Booth #B6602 on Monday, March 11 at 10:30 am ET, where the company will unveil its latest technology. Onsite demonstrations will occur throughout the duration of the show.

 

OPEX will also host an educational session titled “The Future of Sortation” on Tuesday, March 12, from 2:30 to 3:25 pm ET in the Emerging Technologies Theater. During this session, Drew Stevens, Vice President, Global Business Development and Marketing, OPEX, will discuss the benefits of automating the sortation process and the various options available across the marketplace.

 

For nearly five decades, OPEX Corporation has served as a trusted partner, collaborating closely with clients to develop customized, scalable solutions that transform how business is conducted. OPEX continuously reimagines automation technology to help clients solve their most significant business challenges, today and in the future.

 

About OPEX

OPEX® Corporation is a global leader in Next Generation Automation, providing innovative, unique solutions for warehouse, document and mail automation. With headquarters in Moorestown, NJ, USA—and facilities in Pennsauken, NJ; Plano, TX; France; Germany; Switzerland; the United Kingdom; and Australia—OPEX has more than 1,600 employees who are continuously reimagining and delivering customized, scalable technology solutions that solve the business challenges of today and in the future.

Contacts

Laura Evans

levans@opex.com
+1.856.727.1100 x 5012

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Affinity Federal Credit Union celebrates its first class of Certified Wellbeing Coaches

Coaches will support the wellbeing of Affinity members at each of its branches in NJ, NY and CT

 

 

BASKING RIDGE, N.J. — (BUSINESS WIRE) — Affinity Federal Credit Union (“Affinity”) proudly announces the graduation of its inaugural class of Certified Wellbeing Coaches. The program and its first graduates mark an important step in Affinity’s ongoing commitment to the financial wellbeing of its members.

 

The program’s 42 graduates represent various departments within Affinity. Each participant invested approximately 75 hours in training, learning about how to provide members with the best possible support in managing their personal finances and overcoming financial challenges. Course topics include credit, foreclosure, bankruptcy, taxes, insurance, identity theft, and the resources and tools available to support a member’s financial wellbeing. The program was inclusive of class attendance, presentations, homework, and tests.

 

“We are immensely proud to introduce our first class of Certified Wellbeing Coaches, who embody Affinity’s purpose of ‘people helping people’ within our communities,” said Kevin Brauer, CEO and President of Affinity Federal Credit Union. “By investing in the financial wellbeing of our members, we are not just helping them navigate financial challenges but are also empowering them to achieve their long-term goals. We look forward to the positive impact our Wellbeing Coaches will have on our members’ lives.”

 

Affinity also wants to highlight the work of four of its coaches who went above and beyond to meet the demands of the program. Top graduates of the inaugural class of Certified Wellbeing Coaches include Bedminster and Morristown Branch Manager Andrea Alfaro, Norwalk Branch Manager Juan Londono, Financial Services Accountant Lizandra Blanco, and Loss Mitigation Specialist Auria Torres.

 

Coaches are now available at all of Affinity’s branches in New Jersey, New York, and Connecticut, ensuring that every member has access to this invaluable resource. Appointments with Wellbeing Coaches can be made online at https://www.affinityfcu.com/financial-wellbeing/certified-wellbeing-coaches.

 

About Affinity Federal Credit Union

Affinity Federal Credit Union is a full-service financial institution, member-owned and community-focused, with a mission to nurture your financial wellbeing. With more than 20 branches across the tri-state area, Affinity is the largest credit union headquartered in the state of New Jersey, proudly ranking in the top 2% of all credit unions in terms of asset size1. The Affinity difference is about people helping people on a deeper level and understanding what YOU need to make your unique dreams a reality. For more information, please visit www.affinityfcu.com.

 

1 Source: NCUA.gov. Using the “Credit Union and Corporate Call Report Data” found here: https://www.ncua.gov/analysis/credit-union-corporate-call-report-data

Contacts

Rocco Aloe

Gregory FCA for Affinity Federal Credit Union

affinity@gregoryfca.com
610-860-2075

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Avaya’s CEO Alan Masarek to deliver ITEXPO 2024 keynote: Deciphering the right innovation language for the boardroom

Avaya executives also featured in presentations focusing on balancing AI with better employee engagement, improving contact center agent experiences, and the future of work in the Contact Center

 

 

FORT LAUDERDALE, Fla. & MORRISTOWN, N.J. — (BUSINESS WIRE) — Avaya, a global leader in customer experience solutions, continues to invest and anchor itself in wider industry conversations with its upcoming speaking engagements at this year’s 25th edition of ITEXPO 2024, one of the largest and longest-running technology events.

 

The technology conference is scheduled from Feb. 13 to 15 at the Broward County Convention Center in Fort Lauderdale, Fla.

 

Avaya CEO Alan Masarek’s ITEXPO keynote will highlight a pivotal gap in communication between the business-results focus of CEO’s and boards of directors and the tech priorities of IT leaders, to help ITEXPO attendees understand how to better and more successfully communicate innovation projects with senior leaders, and how companies can correctly tie innovation investments to company financial results. The keynote session will take place on Wednesday, Feb. 14 at 2:30 p.m. ET in the Floridian ballroom.

 

“Understanding the critical balance between innovation and operational priorities is essential in today’s landscape, and I look forward to sharing practical insights on how to best position the critical role IT investments can make toward improved business performance,” said Alan Masarek, CEO of Avaya.

 

“In today’s experience economy, customer experience will be how brands grow, differentiate, and win, and Avaya can offer perspectives that can help CX practitioners and leaders get on the path to consuming AI-power innovation with faster time to value.”

 

In addition to the Avaya keynote, Global Vice Presidents Jay Patel (Product Management) and Susan Terry (Portfolio Maximization) will be participating in three on-stage panels on Feb. 14 in conversations with fellow industry leaders. Patel will participate in two sessions: “Finding the balance with AI for better employee engagement” at 9 a.m. (West building) room 209B, and “How successful companies improve agent experience” at 10 a.m. ET (West building) room 209A. Terry’s discussion will explore the future of work with a spotlight on contact center agents as their unsung heroes, at 10 a.m. ET (West building) room 209B.

 

ITEXPO brings communications and technology professionals together across the entire ecosystem: Enterprise and SMB telecom and IT executives, small business owners, MSP and Channel C-level executives and business owners, service provider/carrier engineers and network executives, and industry suppliers and solutions providers.

 

To register for attendance, visit ITEXPO’s registration page.

 

Additional Resources

 

About Avaya

Businesses are built by the experiences they provide, and every day, millions of those experiences are delivered by Avaya. Organizations trust Avaya to provide innovative solutions for some of their most important ambitions and challenges, giving them the freedom to engage their customers and employees in ways that deliver the greatest business benefits. Avaya contact center and communications solutions power immersive, personalized, and unforgettable customer experiences that drive business momentum. With the freedom to choose their journey, there’s no limit to the experiences Avaya customers can create.

Learn more at https://www.avaya.com

 

Cautionary note regarding forward-looking statements

This document contains certain “forward-looking statements.” All statements other than statements of historical fact are “forward-looking” statements for purposes of the U.S. federal and state securities laws. These statements may be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “our vision,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative thereof or other variations thereof or comparable terminology. These forward-looking statements are subject to a number of factors and uncertainties that could cause the Company’s actual results to differ materially from those expressed in or contemplated by the forward-looking statements. Such factors include, but are not limited to, risks attendant to the bankruptcy process, including the Company’s ability to emerge successful from the Company’s voluntary cases under chapter 11 of the United States Bankruptcy Code, and other factors discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2021, subsequent quarterly reports on Form 10-Q filed with the SEC and other public statements made from time-to-time. These risks and uncertainties may cause the Company’s actual results, performance, liquidity or achievements to differ materially from any future results, performance, liquidity or achievements expressed or implied by these forward-looking statements. The Company cautions you that the list of important factors included in the Company’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this report may not in fact occur. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

 

All trademarks identified by ®, TM, or SM are registered marks, trademarks, and service marks, respectively, of Avaya Inc. All other trademarks are the property of their respective owners.

 

Source: Avaya Newsroom

Contacts

Avaya Corporate PR:

Corpcommsteam@avaya.com

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B&G Foods announces date of fourth quarter and fiscal year 2023 earnings conference call

PARSIPPANY, N.J. — (BUSINESS WIRE) — B&G Foods, Inc. (NYSE: BGS) announced today that it intends to issue a press release with fourth quarter and fiscal year 2023 financial results after the market close on Tuesday, Feb. 27, 2024.

 

B&G Foods has scheduled a conference call at 4:30 p.m. ET that same day to discuss the results. Hosting the call will be Casey Keller, President and Chief Executive Officer and Bruce Wacha, Executive Vice President of Finance and Chief Financial Officer.

 

The earnings press release and live audio webcast of the conference call can be accessed at www.bgfoods.com/investor-relations. A replay of the webcast will be available following the conference call through the same link.

 

About B&G Foods, Inc.

Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. With B&G Foods’ diverse portfolio of more than 50 brands you know and love, including B&G, B&M, Bear Creek, Cream of Wheat, Crisco, Dash, Green Giant, Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, New York Style, Ortega, Polaner, Spice Islands and Victoria, there’s a little something for everyone. For more information about B&G Foods and its brands, please visit www.bgfoods.com.

 

Contacts

Investor Relations:

ICR, Inc.

Dara Dierks

866.211.8151

Media Relations:

ICR, Inc.

Matt Lindberg

203.682.8214

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Universal Display Corporation announces fourth quarter and fiscal year 2023 conference call

EWING, N.J. — (BUSINESS WIRE) — $OLED #OLEDUniversal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its results for the fourth quarter and full year, ended Dec. 31, 2023, will be released on Thursday, Feb. 22, 2024, after market close. At that time, a copy of the financial results release will be available on the Company’s website at https://oled.com/.

 

In conjunction with this release, UDC will host a conference call on Thursday, Feb. 22, 2024, at 5 p.m. ET. The live webcast of the conference call can be accessed under the events page of the Company’s Investor Relations website at ir.oled.com. Those wishing to participate in the live call should dial 1-877-524-8416 (toll-free) or 1-412-902-1028. Please dial in 5-10 minutes prior to the scheduled conference call time. An online archive of the webcast will be available within two hours of the conclusion of the call.

 

About Universal Display Corporation

Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 6,000 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.

 

Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.

 

All statements in this document that are not historical, such as those relating to the projected adoption, development and advancement of the Company’s technologies, and the Company’s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2022. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

 

Follow Universal Display Corporation

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(OLED-C)

Contacts

Universal Display Contact:
Darice Liu

investor@oled.com
media@oled.com
+1 609-964-5123

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HMG unveils Compass340B as part of extensive rebranding initiative

PARSIPPANY, N.J. — (BUSINESS WIRE) — HMG Consulting Services, LLC. is rebranding to Compass340B, to better reflect what we do: offer a fleet of services and technologies that support 340B stakeholders in achieving their 340B program performance and compliance goals.

 

Compass340B is our customers’ 340B Navigator!

 

“During the formative HMG years, our focus was to build service offerings and tools to ensure they were effective, complementary, and customized to our customers’ needs. As Compass340B, we are keeping with our roots, and looking forward to rolling out our web-based technology that will automate compliance in the second half of 2024,” says Nathan Coney, Vice President Sales of Compass340B.

 

“The improved branding will provide a better understanding of the company’s mission, with enhanced customer experiences, valuable resources, and solutions for the 340B industry. This initiative will also encourage our customers and prospects to stay on top of their 340B program using Compass340B as their guide and our upcoming software to get them there,” Nathan adds.

 

About Compass340B:

HMG Consulting Services, LLC. dba Compass340B was founded in 2015 to support our diverse network in the Healthcare industries by providing solutions specializing in 340B Compliance, External Audits and Business Operations. We are dedicated to providing exceptional solutions to our business partners through three key pillars: Service, Experience, and Relationships.

 

To learn about Compass340B, visit us at www.Compass340B.com

Contacts

Nathan Coney

Vice President, Sales

nconey@compass340b.com

info@compass340b.com
Telephone: 888-819-4447

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The AACCNJ announces new members to its Governing Board of Directors

TRENTON, N.J. – The African American Chamber of Commerce of New Jersey (AACCNJ) announces new additions to its Governing Board of Directors.

 

Dr. Denise Anderson, Founder & CEO, Denise Anderson & Associates (DA&A) LLC, William Bowie, President & CEO, Empower Construction, LLC, and Deborah Frazier, Wealth Management Advisor, LRG Wealth Advisors/Hightower, joined the Board of Directors effective Jan. 1, 2024.

 

“I am honored to join the African American Chamber of Commerce of New Jersey (AACCNJ) Governing Board,” said Dr. Denise Anderson, Founder & CEO, Denise Anderson & Associates (DA&A) LLC.

 

“Joining this esteemed group of leaders presents an exceptional opportunity to contribute to the economic development and success of the Black community. I look forward to collaborating with fellow board members, leveraging my expertise in the public and non-profit sectors and DEI while engaging in initiatives that will drive equitable innovation and prosperity for minority and women-owned businesses. Together, we will navigate the evolving landscape, fostering growth and resilience in our business community.”

 

“I am deeply honored to be appointed as a board member at the AACCNJ,” said William Bowie, President & CEO, Empower Construction, LLC.

 

“I see this opportunity as a platform to influence positive change, drive growth, and contribute to our collective vision. Together, we can foster an environment that promotes diversity, innovation, and mutual success.”

 

“I am truly honored to serve as a Board Member of the African American Chamber of Commerce of New Jersey,” said Deborah Frazier, Wealth Management Advisor, LRG Wealth Advisors/Hightower.

 

“The commitment to economically empower and sustain African American communities and businesses aligns closely with my heartfelt beliefs. I am thrilled at the prospect of contributing to the Chamber’s mission, working towards the empowerment of Black businesses, fostering leadership development, and nurturing our communities for a prosperous future.”

 

“I am looking forward to collaborating with these accomplished individuals in my new role as the Chairman of the Board,” said Gary Mann, CEO, Jasfel Analytics.

 

“Together, with the continued guidance of AACCNJ, CEO, John E. Harmon, Sr. and former Chairman of the Board, R. Stanley Prater, we will further advance and expand revenue generating opportunities and strategic relationships for African American businesses in New Jersey and beyond.”

 

“I look forward to working with each of our new Directors to design strategies that will derive value for our members and those that invest in the mission of AACCNJ while contributing to the competitiveness of New Jersey,” said John E. Harmon, Sr., IOM, Founder, President, & CEO, AACCNJ.

 

Please visit the links for more information:

https://www.aaccnj.com/board-members

https://drdeniseanderson.org/

https://www.empowerconstruct.com/

https://www.pbs.org/video/the-power-of-inspiration-and-seizing-an-opportunity-7ukkqd/

https://lrgwealthadvisors.hightoweradvisors.com/deborah-frazier.html

 

About the African American Chamber of Commerce of New Jersey

The AACCNJ performs an essential role in the economic viability of New Jersey. While providing a platform for New Jersey’s African American business leaders, to speak with a collective voice, the AACCNJ advocates and promotes economic diversity fostering a climate of business growth through major initiatives centering on education and public policy. The Chamber serves as a proactive advocacy group with a 501(c) 3 tax exemption, which is shared by the National Black Chamber of Commerce.

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Byju’s files for Chapter 11 bankruptcy in Delaware, listing liabilities of $1B – $10B, assets from $500M – $1B for its US unit Alpha

Reuters:

 

— A U.S. unit of Indian education technology startup Byju’s has filed for Chapter 11 bankruptcy proceedings in the U.S. court of Delaware, listing liabilities in the range of $1 billion to $10 billion.
Byju’s Alpha unit listed its assets in the range of $500 million to $1 billion, according to a court filing, which showed estimated creditors in the range of 100 to 199.
The ed-tech company, founded by Byju Raveendran, was one of India’s hottest startups, valued at $22 billion in 2022, but has more recently seen lenders initiating bankruptcy proceedings against it. Some of Byju’s investors said the company’s valuation had fallen to between $1 billion and $3 billion.
Byju’s said on Monday it would raise $200 million through a rights issue of shares to clear “immediate liabilities” and for other operational costs.
It has also been negotiating the repayment of a $1.2 billion term loan in the last few months and laid off thousands of employees.
The firm has also been under the scanner of Indian authorities over alleged violations of the country’s foreign exchange laws.

 

 

Read More

 

 

Reporting by Kanjyik Ghosh; Editing by Arun Koyyur and Shilpi Majumdar

— Techmeme