Archive for the ‘Community Development Plans’ Category

Talk Fusion Has the Brains and Power

February 22nd, 2017

It is never easy to run a business and it takes a certain type of person to do it. Not just anyone can run a business and see it grow. Bob Reina is a special type of individual in that he has the brains and the power. When it comes to the brains, he has the foresight to see things that other people might be missing out on or he might be able to see where a certain market is going or what direction it is trending. That does not happen by accident or by mistake. It happens because of research and Bob Reina is always researching.

He is researching ways to make Talk Fusion, which he created and founded in 2007, the best tech company it can be when it comes to video emails, video chats, video newsletters, and video conferences. When someone does their research, uses their power for good, and keeps their foot on the gas, they get noticed. They don’t get noticed by just anyone, though. They get noticed by very important people and the very important people that have noticed Talk Fusion are the Technology Marketing Corporation. They handed out two awards to Talk Fusion in 2016.

That is something to really think about and ponder. For most companies or people, they don’t even win one award, but Talk Fusion won two awards from this company in one single year. The 2016 Communications Solutions Product of the Year award is one that highlights the best in their field. To be considered the best at something like Talk Fusion is, that is something truly special and magnificent. Those words can also be used to describe Talk Fusion as a company and the people behind it. Bob Reina is the man in charge, but there are many people behind the scenes that are pulling their weight and doing their job as well.

There is no such thing as a small job at Talk Fusion. Everything helps the engine run as smoothly as it does. Bob Reina knows this and makes sure to let everyone know how much they are valued and appreciated.

$20 Million-CRDA Loan Arrears Triggers Questions about New Brunswick Devco

November 10th, 2016

The Middlesex County Improvement Authority did not pay $1 million in principal together with interest on a $20-million loan it acquired from Casino Reinvestment Development Authority. The authority had arrears already for five years amounting to about $7 million. The loan, acquired in 2005, bankrolled the construction of The Heldrich and a conference center developed by the New Brunswick DEVCO, a nonprofit organization.

The 235-room Heldrich Hotel, which opened its doors in 2007 as the economic downturn, has struggled to attract sufficient guests. In 2015, its occupancy rate was around 63.5 percent while its largest account was Johnson & Johnson, whose executives are on the New Brunswick Devco’s board. The restaurant is so cash-squeezed that the organization had to tap around $776000 of its money to cater for elementary capital expenses like mattress and carpet replacement.

However, the Atlantic County Improvement Authority intends to issue a $120-million bond in May 2017 to finance the Gateway project. According to Atty. Chris Paladino, the cash will be used to construct a Stockton University campus and is to be repaid through the dorm-room revenue together with tax credits sales. Press of Atlantic City published this information. http://www.pressofatlanticcity.com/news/breaking/unpaid-million-crda-loan-raises-questions-about-new-brunswick-devco/article_a03318e2-dcdb-11e5-a563-67611bc7b7bc.html.

About New Brunswick DEVCO

New Brunswick DEVCO is a private nonprofit real estate company founded in the 1970’s to work as a catalyst for the city’s revival. DEVCO has helped the city attain a remarkable renaissance. Their expertise in forming strategic alliances, robust public-private partnerships as well as innovative project financing mechanisms has resulted to a diverse inventory of award-winning multi-use projects.

Since its initiation, DEVCO has overseen almost $1.6 billion of investment in the city of New Brunswick. Today, even in the most challenging times in the US, redevelopment in this town remains robust due to DEVCO’s unique strategy to redevelopment. DEVCO is always starting projects, breaking ground on others, financing and envisioning future projects.