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The AACCNJ calls for an immediate moratorium on all public non-emergency public procurement contracts for up to $5M 

TRENTON, N.J. —  The African American Chamber of Commerce of New Jersey (AACCNJ) seeks the support of the Murphy Administration, NJ State Senate President Nicholas P. Scutari, Assemblyman and Speaker, Craig J. Coughlin, and NJ State Representative, and NJ Legislative Black Caucus Chair, Shavonda E. Sumter, in its request for a moratorium and on all non-emergency public procurement contracts up to five million effective immediately.

 

The AACCNJ formed a task force to spearhead the next steps with the Murphy Administration as a result of the findings of the State’s commissioned study, conducted by Mason Tillman Associates, LTD, which documented the institutional discrimination to African American businesses in NJ. The body of the Task Force believes that the moratorium is important because there are still opportunities that will be presented by the Murphy administration to consider but without an immediate moratorium, the same outcome will occur for those that have benefitted in the past.

 

“The moratorium will be a precursor to finding a remedy to the gross harm done to Black businesses in the state procurement process,” said John E. Harmon, Sr., IOM, Founder, President & CEO, AACCNJ.

 

“We believe this can be done without legislative approval. Contracts are still being doled out as we wait for the next steps. It is business as usual; this step is necessary; and past practices may be accelerated in anticipation of new standards to level the playing field,” said Harmon.

 

The task force is 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.

 

“We anticipate more recommended best practices to ensure a more equitable participation for Black businesses in public procurement as we go forward to codify definitive goals that incentivize inclusion and cement our mutual commitment to have a stronger and more equitable economy with the Murphy administration, and public stakeholders,” said Harmon.

 

“We see the acceptance of this requested moratorium as a good faith effort to advance the state’s procurement efforts more equitably.”

 

AACCNJ Press Release:  The African American Chamber of Commerce of New Jersey (AACCNJ) hosted a Town Hall Meeting with over three hundred in attendance. Topic: “The Fierce Urgency of Now” – A Presentation on the State’s Disparity Study on Feb. 8, 2024.

 

“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 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.”

 

For updates on events and actions related to the recent Disparity Study, please visit aaccnj.com.

 

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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Universal Display Corporation increases quarterly cash dividend to $0.40 per share

EWING, N.J. — (BUSINESS WIRE) — $OLED#OLEDUniversal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that its Board of Directors approved an increased cash dividend of $0.40 per share on the Company’s common stock for the first quarter of 2024, up from the previous quarter’s dividend of $0.35 per share.

 

The dividend is payable on March 29, 2024, to shareholders of record on March 15, 2024. The dividend reflects our expected continued cash flow generation, and commitment to return capital to our shareholders. Future dividends will be subject to Board approval.

 

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, 2023. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

 

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NJ’s Project Labor Agreements discriminate against minority businesses and workers

By John E. Harmon Sr.
For USA Today

— In 2024, during Black History Month, the African American Chamber of Commerce is shining a spotlight on the racial disparities in New Jersey’s government procurement process.

New Jersey Statehouse rotunda. — Credits: Danielle P.

 

Recently, the Murphy Administration released a study that showed a “statistically significant disparity” when it comes to public contracts awarded to minority businesses.

 

In fact, according to the study, minority — African American businesses received less than half of 1% of $18.5 billion dollars the state awarded to contractors. A prime example of the disparity: Minority owned businesses represented 9.19% of the available construction businesses but received only 0.14% of the dollars on construction contracts valued from $65,000 to $5,710,000.

 

New Jersey has to fix its Project Labor Agreement policy

The release of the data contained in the Disparity Study helps to move stakeholders and the administration forward to find solutions. However, significant obstacles remain in the fairness of the state procurement process for minority- and women-owned businesses; the state’s Project Labor Agreement, or PLA, requirements, which inherently discriminate against non-union enterprises.

 

Since 2002, the State of New Jersey has allowed discriminatory PLAs to be placed on any public works contract over $5 million. PLAs discriminate against workers who are non-union, which is more than 78% of the construction workforce in the state. And an overwhelming 98% of all African American and Hispanic construction companies are non-union. Furthermore, at $5 million, New Jersey has the lowest threshold for PLAs for state works of any state in the country, meaning there are fewer and less lucrative projects for non-union and minority firms to bid on.

 

PLAs also come at a huge cost to New Jersey taxpayers. The most recent study conducted by the New Jersey Department of Labor and Workforce Development found that PLA projects costs were 30.5% higher than all non-PLA projects and they had a longer duration by approximately 22 weeks. Over 10 years have passed since this study was prepared, and not a single body or association has refuted the analyses and conclusions.

 

Unfortunately, some unions are pressuring local towns, such as Parsippany, Montclair and Brick, into passing ordinances to require PLAs on all public works projects in their municipalities and school districts. These ordinances are being passed with little input or knowledge to taxpayers, who will ultimately pay for artificially inflated construction costs contained in the PLAs. Despite false assurances from union officials with a vested interest in these discriminatory schemes, PLAs have been proven to be an expensive and deceptive practice that hurt taxpayers and discriminate against local and minority workers.

 

For example, last April, the New Jersey Superior Court Appellate Division ruled that the Delaware Joint Toll Bridge Commission “violated its fiduciary and legal duties” because it required a PLA for its project that resulted in just one bid at $69 million, or roughly 20% more than the estimated project cost. This is just one instance that shows how PLAs exclude qualified contractors and raise costs considerably for taxpayers.

New Jersey policy cannot discriminate a majority of its workers

If the Legislature is looking for solutions, they need to search no further. To ensure more of our public works contracts are afforded to minority- and women-owned businesses, New Jersey needs to increase the threshold from $5 million to $35 million so that our state is in alignment with the federal contracting levels as recently stipulated by President Joe Biden. The current PLA requirements discriminate against the majority of New Jersey’s workers and only benefits the union special interests.

 

Ensuring that taxpayer-funded construction projects are open to all workers who are paying for these projects with their own tax dollars is what is fair and equitable. Equal access to public works projects is the only way to ensure fair and equitable change for our state’s minority- and women-owned construction businesses.

 

 

— John E. Harmon Sr., IOM, founder, president and chief executive officer, African American Chamber of Commerce of New Jersey.

 

— Special to the USA TODAY Network

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‘Celebrate the Green’ with D&R Greenway Land Trust and Voices Chorale NJ

In celebration of D&R Greenway Land Trust’s work to preserve the green in our local communities – back by popular demand – Voices Chorale N.J. is bringing Irish music and dancing to a benefit for both organizations just in time for St. Patrick’s Day on Friday, March 15, from 6 to 9 p.m. at D&R Greenway’s Johnson Education Center, 1 Preservation Place, Princeton.

Guests enjoying an Irish dance with friends at the ‘Celebrate the Green’ event last March. — Photo by Mary M. Michaels
A rainbow encompasses the carriage barn at the Johnson Education Center.

 

The Parnell Irish Band will entertain with guitar, drums and fiddle, providing lots of Irish music with vocals to engage the crowd in group singing.  Irish jokes and stories will add to the fun as well as a unique opportunity to kick up your heels and learn the art of Irish Country Dancing.

 

Guests are encouraged to wear green and experience a pub-style setting while enjoying beer, wine and a light pub supper.  The festivities will include a Silent Auction of unique items to support Voices Chorale N.J.  Weather permitting, guests will be invited to gather outside on the patio for an Irish singalong by the firepit.

Gathering around the fire pit last year for an Irish singalong. — Photo by Philip S. Getty

 

“It’s easy to be green at this special event!  D&R Greenway’s protection of over 22,000 acres of land keeps 40 shades of green in our Garden State.  I can’t think of anything more fitting than to celebrate that bounty with an Irish festival of singing and camaraderie!” says D&R Greenway President & CEO, Linda Mead.  Only 75 seats are available. By the “luck ‘o the Irish” be among the first come, first served and reserve your party’s seats now.

 

Imagine yourself regaled by music and laughter throughout the evening, capped by a procession to a bluestone terrace where a firepit will light the night as you join in lyrical celebration.  According to past participants, this will be a magical moment to remember.

 

Voices Board of Directors President and choir member Jane Read says “Voices is excited to continue our partnership with D&R Greenway with this event. We look forward to sharing our music and enjoying the evening with friends old and new.”

 

Voices Chorale NJ is a non-profit, member-run, auditioned chorus based in Hopewell, NJ, which includes singers from central New Jersey and southeastern Pennsylvania under the direction of Dr. David A. McConnell. The mission of Voices Chorale NJ is to bring outstanding music to the public, inspire audiences, and provide performance opportunities for singers and local musicians. Voices sponsors a Young Composers Project for children from ages 5 – 12. https://www.voiceschoralenj.org.  Follow Voices on Facebook and Instagram.

 

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. The Land Trust’s preserved farms and community gardens provide local organic food for residents of the region—including those most in need. 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.https://www.drgreenway.org; info@drgreenway.org. Follow the organization on Facebook and Instagram.

 

Tickets for this festive event and benefit are $65 per person. Space is limited. To reserve your seat, visithttps://www.drgreenway.org;  or  https://www.voiceschoralenj.org or call 609-924-4646.

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Mobile Academy hosts successful panel discussion on generational diversity

TRENTON, N.J. — The African American Chamber of Commerce of New Jersey’s (AACCNJ) Mobile Academy showcased its commitment to fostering collaboration and understanding within the business community with a successful event on Jan. 23 at Middlesex College.

 

The evening, themed “Can We Talk: What Do You Really Know About Generational Diversity?” unfolded as a multifaceted experience, beginning with a dynamic networking segment and light refreshments.

The networking session provided a unique opportunity for attendees to not only exchange business cards but also to share experiences and insights. Entrepreneurs, executives, and professionals from various sectors engaged in conversations that transcended generational gaps, setting the stage for an enriching and inclusive panel discussion.

The Mobile Academy, known for its innovative approach to education and empowerment, curated a diverse panel of experts, each representing a different generation. Gene Bouie, a seasoned leader and Executive Director of AACCNJ’s Training and Development Institute, brought a wealth of experience as the Baby Boomer representative. Stacey Kavanagh, First Vice President and Market Manager at Provident Bank shared her insights as a representative of Generation X. Kyle Holder, Vice President at Optimus Partners, LLC, offered perspectives from the Millennial generation. Desiree Mitchell, a student at New York University, brought a fresh perspective as the Generation Z representative.

Dr. Kinna Perry, an accomplished scholar and Associate Dean at Rutgers Graduate School-Newark, delivered a keynote address that transcended the theoretical, offering practical insights into the day-to-day implications of generational diversity. Dr. Perry’s presentation explored how each generation’s unique values, communication styles, and attitudes toward work impact our daily lives, from the office to our interactions in society at large.

The heart of the evening unfolded with a moderated panel discussion with Perry expertly navigating the complexities and commonalities that define each generation. The audience actively participated in a robust Q&A session, providing a platform for direct engagement with the panelists.

This exchange facilitated a deeper understanding of the challenges and opportunities that arise when working across generational lines.

John E. Harmon Sr., IOM, Founder, President and CEO of AACCNJ, delivered closing remarks, expressing his gratitude for the engaged audience and reinforcing the organization’s commitment to promoting diversity, equity, and inclusion. Harmon highlighted the pivotal role events like “Can We Talk” play in fostering a more cohesive and supportive business community.

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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Mercer County Park Commission announces summer nature camps

HAMILTON, N.J. — The Mercer County Park Commission hosts thrilling and educational summer nature camps for children ages 7 to 15 years.

With activities like fishing, trail exploration, and nature games, these camps are designed for children who love to explore nature or want to build their experiences in the great outdoors.

All camps are licensed with the State of New Jersey and are led by our full-time Naturalist Educators. Offered in three of our county parks, summer nature camps highlight the full scope of unique wildlife and outdoor experiences that Mercer County has to offer.

Aquatic Adventure Camp for Anglers

For campers ages 10 to 12 and will take place on Mercer Lake. Campers will on build their fishing skills by choosing the right bait, identifying fish, and finding habitats along the lake for the most success. Only offered from June 24 to June 28! 

Aquatic Adventure Camp for Kayakers

Campers ages 13 to 15 will have exclusive access to explore plant and animal life along Mercer Lake’s shoreline, creeks, and hidden coves by kayak. Only offered from June 24 to June 28! 

Baldpate Nature Camp

This camp is packed with hands-on nature explorations, hikes through the forest, and unstructured nature play. Activities are designed for campers to delve into topics such as birds, bugs, and butterflies and include age-appropriate activities for campers 7 to 9 years, and 10 to 12 years. Only offered July 8 to 12, and July 15 to 19.

Tulpehaking Nature Camp

This camp has campers explore the trails of the marshlands through the lens of the Lenape, who inhabited this region centuries ago and continue to view it as their homeland. Age-appropriate activities incorporating traditional Lenape Games and crafts are designed for campers 7 to 9 years, and 10 to 12 years. Only offered July 29 to Aug. 2, and Aug. 5 to 9.

Register now. Camps fill quickly. See How to Register below for more information on how to claim your child’s spot in camp.

How to register:

Registration and payment must be completed online at https://register.communitypass.net/mercer. Camps are filled on a first-come, first-served basis, and spots are limited. Only complete applications will be processed. Make sure you have the following information before registering: child’s medical information (including physician and health insurance information, emergency contact etc.), immunization record, and full payment.

Click here for our full Nature Camp brochure with program dates and details or call (609) 888-3218 ext. 205.

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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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Mobile Academy to host Career and Resources Fair at Stockton University in March

TRENTON, N.J. —  The African American Chamber of Commerce of New Jersey’s (AACCNJ) Mobile Academy announces its first Career and Resources Fair of 2024 to take place on March 1, at Stockton University.

 

The Career and Resources Fair will be at the university in Galloway, N.J., at 10 a.m.to 1 p.m., and will offer a range of services to support individuals in their professional journeys.

 

Highlights include career coaching sessions aimed at guiding attendees through their career paths. Participants will have the opportunity to receive expert feedback on their resumes, enhancing their ability to stand out in the competitive job market.

 

In addition to resume assessments, the fair will feature essential insights on mastering the art of interviews through specialized interviewing tips. Attendees can take advantage of free onsite haircuts, ensuring they look and feel their best for potential employers. Professional headshots will also be available, adding a polished touch to print and online profiles.

 

Employer eager to connect with talented individuals will be in attendance, providing a unique networking opportunity for job seekers. This presents a chance for attendees to explore potential career paths, learn about job openings, and make valuable connections with employers actively seeking new talents.

 

Job seekers interested in attending the event can register here:

https://mms.aaccnj.com/members/evr/reg_event.php?orgcode=AANJ&evid=80655345

Interested employers can contact the Mobile Academy at:

mobileacademy@aaccnj.com

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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.

 

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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.