Chamber HappeningsNovember 2013

Volume XIV/Issue 11

ReseRvations now being accepted foR the chambeR’s 105th annual gala: wheRe business is pleasuRe

Greater Paterson Chamber of Commerce

PRSRT. STDU.S. POSTAGE

PAIDPATERSON, N.J.

Permit No. 73

Greater Paterson Chamber of Commerce100 Hamilton Plaza, Suite 1201Paterson, New Jersey 07505

To:

Address Service Requested

Inside This Issue... Continued... pg 3

number 11. While the development of a hotel on the campus of St. Joseph’s, which will be owned by the major char-ity, Medical Missions for Children, has garnered most of the media attention of late, a much bigger picture of develop-ment is occurring, which Paterson, as a whole, will benefit greatly from.

During the GPCC Works in Progress Breakfast, McDonald showcased many of the projects making up the rede-velopment of Area number 11, which include a new medical college and medical high school, luxury style hous-ing at Barclay and Courtland Streets, additional condominiums at Courtland and Camden Streets, professional office

space at Main and Levine Streets, medi-cal office space at Hine Street, and many other additions such as an adult day care on Marshall Street, and behavioral health residential housing on Barclay Street. In addition, several retail establishments are slated to open as part of the rede-velopment, such as a Walgreens store.

McDonald shared render-ings and photographs of these developments at the Works in Progress Breakfast and it was clear

from the remarkably posi-tive reaction and optimism members had toward the

development, that it was time for the Greater Paterson Chamber of Commerce to honor St. Joseph’s and McDonald for the significant investment in Paterson.

GPCC President Jamie Dykes stated, “We are honoring St. Joseph’s because of their tremendous work in developing the

The Greater Paterson Chamber of Commerce is preparing to host our larg-est networking event of the year. The 105th Annual Gala is a semin-formal affair that will take place at the elegant Westmount Country Club in Woodland Park, and as always the event will live up to its tagline, “Where Business is Pleasure.” This event is also the first major business event of the new year.

This year, the major guest of honor will be William Mc-Donald, President and CEO of St. Joseph’s Healthcare System, who will be accept-ing the Faith in Paterson award on behalf of himself and St. Joseph’s Healthcare System. The Faith in Pater-son award is presented to a person or business that has demonstrated an exceptional investment in the Greater Paterson economy through development, programs, and other initiatives.

To meet a growing demand for inpatient and outpatient services, McDonald implemented a major $250 million expansion and renovation of St. Joseph’s Regional Medical Center in Paterson. The major undertaking also included redevelopment initiatives surrounding the hospital in the area of Paterson known as redevelopment area

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new cABlevision mediA sAles Account executive for pAterson... pG 7

The redevelopment of Area number 11, in the City of paterson is expected to bring several ratable expanding developments to the area. St. Joseph’s Regional Medical Center was designated the official developer of this area by the City of paterson several years ago.

Faith in Paterson award to be Presented to st. JosePh’s healthcare system and ceo, william mcdonald

William Mcdonaldpresident & Ceo

Greater Paterson Chamber of CommerCe

100 Hamilton Plaza, Suite 1201Paterson, NJ 07505

(T) 973-881-7300 (F) 973-881-8233gpcc@greaterpatersoncc.org

ExEcutivE Board of dirEctors:Jim White Jr., White & Shauger Inc.

Vice President/Finance

Irwin Bailey, EBCO Development Corp.Vice President/Retail

Teri Duda, Berkeley CollegeVice President/Education

George Waitts, Crown Roll Leaf Inc.Chairman

Ken Morris, St. Joseph’s Regional Medical CenterVP Governmental Affairs

dirEctors:mark boCChieri, vErizon

James Chappell, JC Printing

Patrick DeDeo, William Paterson University

Robert DeMers, Esq.

Matthew Evans, Evans Architect

Peter Garafano, Garafano Tank Services

Paul Harencak, CLI Group

Joseph Langan, River Drive Construction

Ken Morris Jr., St. Joseph’s Medical Center

Steve Rose, Passaic County Community College

Kimberly Rupp, TD Bank

Rick Ricca, Board Member Emeritus

Sean Ryan, Hanson & Ryan Inc.

Art Scialla Jr., Ace Reprographic Services

Michael Seeve, Mountain Development Corp

Dan Shiver, Shiver Real Estate Agency

Brett Straten, Associated Fire Protection Inc.

Everton Scott, Public Service Electric & Gas

Nick Tsapatsaris, Center City Partners, LLC

Nick Tselepis, Nicholas Real Estate

Don Vanderbeck Jr., C.J. Vanderbeck & Son Inc.

Mike Campbell, Columbia Bank

staff:James “Jamie” A.M. Dykes II

President

Sheri A. FerreiraAssociate Director/Editor, Chamber Happenings

Gladys BayonOffice Administrator

Chamber Happenings is published by The Greater Paterson Chamber of Commerce. Our monthly

publication is THE source for today’s top business news and information as it relates to our members and

the Greater Paterson area.

Want Ink? Send us your announcements. What is new with you and your company? The GPCC wants to promote your goods and services. Are you an expert in your field? Do you have advice to lend to our mem-bers? If so, Chamber Happenings allows members to submit by-lined articles. Send your news, announce-

ments or by-lined articles to Chamber Happenings Editor, Sheri Ferreira at sheri@greaterpatersoncc.org or contact the Chamber via telephone: 973-881-7300.

© All Rights Reserved. If you would like a copy of an article that appeared in Chamber Happenings, for your

own project, please let us know.

Chamber Happenings

President’s Note: To be ACA compliant, work with an agent.

I recommend Hanson & Ryan Insurance.

If there is any one piece of advice I can offer as President of the Chamber of Commerce regarding 2014 and your business, it is to work with a highly educated agent to imple-ment the affordable Care act requirements. Whether you love it or loathe it, the aCa is here to stay and implementing it may prove to be expensive and exhausting, especially if you are doing things blindly.

I’d like to recommend Hanson & Ryan Insur-ance. Hanson & Ryan is a well respected agency with a 100 year history. On November 12th, Hanson & Ryan enlisted one of their colleagues to present a one-hour seminar on what the aCa will mean for small busi-nesses in 2014 and beyond. This presenter was remarkable. She was able to answer all

questions, and explain the complexities of the aCa in such a way that it made sense. However, it was very clear from the presentation and the discussions around the room, and after the seminar that most companies, if not all, should be working with a knowledgeable, trusted agent to make sure they are compliant with aCa requirements.

You can learn more about Hanson & Ryan Insurance at www.hansonryan.com.

Jamie

DeJong Iron Works Inc.223 godwin ave.

Paterson

Hanson & Ryan, Inc.p.o. Box 347

totowa

Kirker Enterprises Inc.55 e. 6th St.

paterson

Lipo Chemicals Inc.207 19th Ave.

paterson

Little Falls Alloys Inc.189 Caldwell Ave.

paterson

Paterson Self Storage LLC/Treasure Island Storage

404 grand St.Paterson

PNC Bank129 Market St.

paterson

Shiver Real Estate Agency52 13th Ave.

paterson

Silk City Calender Co.375 totowa Ave.

paterson

White & Shauger, Inc.p.o. Box 2695

paterson

William Paterson University300 pompton Road

Wayne

Thank You To Our November New And Renewing Members4Cs of Passaic County, Inc.

2 Market St., Suite 300paterson

AAA Metal & Glass Inc.786 e. 27th Street

Paterson

Alma Realty302 Main St. -Suite 201

Paterson

Associated Fire Protection, Inc.100 Jackson Street

Paterson

Bragg Funeral Homes, Inc.256 Rosa parks Blvd.

paterson

Conservative Non-Surgical Spine CareDr. Marco A. Lopez

922 Main Street, Suite 201paterson

2 11

I’m amazed that there’s no major casual dining franchise or national in Paterson. How can that be? I hope there is

one on the way. For some reason these companies don’t get it. They don’t seem to understand that there is a ton of money in the cities. Where is their urban strategy and where is Paterson in the mix? One thing I do realize is that they have some kind of growth strategy. The proof is they are opening new locations. Am I missing something? The most common things I hear are that Paterson doesn’t fit the criteria and that we’re not ready. What??? You’re not ready. WE’RE READY!!!

Who decided we’re not ready and how did they figure that out. They’re like the guy who knows 57 ways to get a spouse; but he’s never been on a date. Who decided we needed an iPhone? What was that criteria for that? How about the Sony Walkman? What criteria did that fit? Here’s

something I read - there were people who said that the automobile had no future. They said that about the light bulb and they even said that about Wal-Mart (the largest business in the world). They also say that about Paterson. They talk about Paterson as if there is no hope, no opportunity, no future, as if we don’t spend money and that nothing positive is going on here. That’s nonsense!!!

Recently, I was talking to a retired businessman who started his busi-ness in Paterson and had much of his success here. He said that when a housewife from Oakland thinks of Paterson, she thinks of personal safety issues. I said, ‘Really, I feel the same way when I drive through Oakland, especially at night.’

How can majors be taken seriously if they have no urban strategy? Many of them are losing money and/or have stagnant growth with their current business model; and yet they still have done nothing of note with the cities. They refuse because of an outdated business model that has no basis in reality or making money,

much less imagination. They told Walt Disney that Disney wouldn’t work either. What criteria did that fit? (Should I continue?)

I’m hopeful that someone in the casual dining business is going to wake up after doing the same thing over and over and getting the same result and activate an urban strat-egy. Specifically, some company is going to wake up and set up shop in Paterson. Whoever gets to the market first will make the best deals and a lot of money. These antiquated business models are keeping them out of the cities. There is a population shift to the cities. A perfect example is Hobo-ken; look what they’ve done. Next month, I will propose some ideas and examples of how an urban strategy makes sense, especially in Paterson.

To send feedback, email me at dan-shiver@yahoo.com and put ‘Pater-son’ in the subject line.

wheRe is YouR uRban stRategYpaRt one

dan ShiverThe Shiver Agency

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area around the hospital. Paterson will not only benefit from the added ser-vices, but also from the amount of jobs that will become available through St. Joseph’s initiatives as well as a signifi-cant boost to Paterson’s tax base.”

Dykes invites Chamber members to attend the 105th Annual Gala to not only celebrate the accomplishments of St. Joseph’s, but also to enjoy the major event, bringing together business men and women, elected officials and other notable movers and shakers of Pater-son and Passaic County.

“This is really the event to see and be seen at,” said Dykes. “Some companies will reserve a table of ten and invite key colleagues or clients. Others will purchase single tickets and in that case we pride ourselves on making optimal table matches for our members in order to maximize their networking experi-ence.”

The Gala begins at 7:00 PM with a remarkable cocktail hour featuring passed hors d’oeuvres, several hot food stations, sushi, a martini bar, drinks from the swanky floor to ceiling bar for any taste. The sit-down dinner will

be served by white-glove service in the main ball room. While, the Chamber will spend an appropriate amount of time honoring our award recipient, the evening will be focused on entertain-ment and networking. Live music will keep you and your spouse or co-workers on the dance floor through the evening and even after the full dessert production.

Reservations can be made by calling the Chamber at 973-881-7300 today.

Tickets are $140 each. In addition, the Chamber urges your support of the event’s souvenir journal. Income from the journal will help the Chamber to continue its diligent services to its members in business advocacy, and many programs. For more informa-tion about this event, feel free to log onto www.greaterpatersoncc.org, where you can download the reserva-tion form, ad journal contract, and sponsorship forms.

stakeholdeRs banded togetheR to incRease police pResence in downtown pateRson foR holidaYsDowntown Paterson shoppers may have witnessed a notable increase in police within the Downtown Paterson shopping district. Six more police officers patrolled the festively deco-rated Downtown Paterson district during peak shopping hours between Black Friday and Christmas day. The “Happy Holidays, Clean and Safe” initiative was facilitated by the City’s Division of Economic Development, after various stakeholders expressed concerns regarding the negative perception of crime and its impact on holiday shopping.

In partnership with The Downtown Paterson Special Improvement District, Inc., The Urban Enterprise Zone, and The Greater Paterson Chamber of Commerce, the Pater-son Police Department had assigned these foot-patrols to the high customer traffic areas of Downtown Paterson, such as Main Street, Market Street, and Broadway while also maintaining a watchful eye over other streets and thoroughfares leading to parking fa-cilities. In addition, New Jersey Tran-sit increased their security presence at both the Broadway Bus Terminal

and Downtown Train Station. Fur-thermore, Passaic County Community College security was also increased around their campus. As part of the vast partnership, The Department of Public works stepped up their sanita-tion activity within Downtown, and as always the Downtown Paterson SID maintenance crew continued to remove litter from sidewalks, benches, bus stops, etc.

In a press release, Mayor Jeffery Jones said, “Along with our local business partners, we want people who live, work, and visit Paterson to know we are committed to doing all we can to demonstrate our shared commitment to an enjoyable, safe, and secure holi-day season.”

Ruben Gomez, economic develop-ment director of the City of Pater-son, emphasized the importance of shopping local this holiday season. “When shoppers choose to make their purchases at small local shops rather than big chain stores, they are sup-porting their community and neigh-bors because for every $100 spent locally, $68 remains in the community.

It’s for this reason that we engaged in this initiative.”

All initiate partners hope that any new or repeat customers this initia-tive garnered will remain through the winter and into the New Year.

“We were pleased to partner with the all stakeholders to bring added security to the Downtown shopping district because it meant we were seri-ous about creating a successful shop-ping season for both the businesses of Downtown Paterson and our loyal shoppers who chose to support their local economy,” said Sheri Ferreira, executive director of the Downtown Paterson Special Improvement Dis-trict.All partners will review the success of the program in deterring petty crime, increasing the amount of visitors to the district for the holiday season and the over-all return on investment. For more information about this program, contact the Downtown Paterson SID at 973-881-7300 or Office of Econom-ic Development at 973-321-1212.

fRoM gAlA... CoveR

h&R block explains chaRitable donations You can claim donations you make to qualified charitable organizations. However, you must itemize your deduc-tions. This can reduce your taxable income. Claim your charitable dona-tions on Form 1040, Schedule A.

Your donations must go to one of these organizations:• Nonprofitreligiousgroup• Nonprofiteducationalgroup• Nonprofitcharitablegroup

These groups are often referred to as 501(c)(3) organizations. Donations you give directly to needy individuals don’t count.

Money DonationsMoney donations are those make directly to a nonprofit organization.

You’ll use one of these payment meth-ods:• Cash• Check• Creditcard• Debitcard• Payrolldeduction• Automaticwithdrawalsfromyour bank account

If you accept something in return for your gift, you can’t write off the full amount. Example: A local public television station offers a CD player for a $1,000 donation to its annual fund drive. If the CD player’s value is $200, your deduction is limited to $800 -- the difference between what you gave and what you got. You can claim the full charitable deduction only if you refuse the CD player.

The donor can disregard goods and services received if (for 2012) one of these applies:• Theirfairmarketvalueisn’tmore than the lesser of:o 2% of the paymento $102• Bothof thesearetrue:o The payment is at least $51 for 2012.o The only benefits you receive

Continued... pg 4

NJBIZ RANKS ACCURATE BOx IN LIST OF TOP 25 MANUFACTURERS IN NJAccurate Box, a leading pro-ducer of high graphics, corru-gated boxes and displays, was recently named one of the top manufacturing companies in New Jersey by NJBIZ.

The 225 employee company, located in the Bunker Hill Industrial Park of Paterson said on their website that they are “thrilled that a high graphic corrugated packaging manufacturer could grow in size to make this list. Recent investments in new high speed Bobst die cutters, a second high speed KBA print-ing press, and the addition of our second Asitrade has truly made us competitive on a

nationwide level. Fortune 100 companies whose products sell in stores like Costco, Sam’s and BJ’s have favored us with their litho-laminated packag-ing business. These volumes have enabled us to expand our facility and workforce in the local community!”

The GPCC wishes to congrat-ulate, Accurate Box, a long-standing Chamber member and 70-year, third generation business on their recognition!

COLUMBIA BANK CONTINUES TO AID HABITAT FOR HUMANITYThis volunteer crew of Colum-bia Bank em-ployees recently teamed up with Paterson Habitat for Humanity to help build a new, affordable living home in the Greater Paterson area. The Team Columbia volunteers com-pleted various framing and painting assignments, provid-ing the “elbow grease” neces-sary to move the construction project along.

Columbia Bank is a regular supporter of Habitat for Hu-

manity projects, which repairs and builds local affordable homes for low-income fami-lies. Since 1993, Columbia has also sponsored grants totaling more than $1.2 mil-lion which alone funded more than 140 local habitat home rebuilding projects.

4 9

Continued... pg 5

are token items bearing the or-ganization’s logo, like mugs and t-shirts. Their aggregate cost can’t be more than $10.20 for 2012.• Theorganizationgivesout free, unordered items with a donation request.• Bothof thesearetrue:o The annual payment is $75 or less.o The donor receives certain rights and privileges. Eample: discounted admission to performances -- but not athletic events.

You might not be sure if the organization you’re donating to is IRS-approved. Just ask for the organization’s tax ID number. Then, check www.irs.gov for a list of qualified organizations.

Recordkeeping RequirementsThe recordkeeping requirements for donations differ depending on your:• Typeof donation• Amountof donation

Cash donations less than $250 You must prove the donation amount if you want to deduct it with one of these:• Receipt• Bankorcreditunionstatements• Canceledchecks• CreditcardstatementsBank records must show:• Organization’sname• Date• DonationamountWritten records from the donor aren’t enough proof. These in-clude check registers or personal notations.

For donations you made by payroll deduction, you can prove your donations if you have both of these:• Documentshowingtheamount withheld, like a pay stub or W-2 from your employer• Pledgecardorotherdoc-ument from the organization. It must state that they don’t provide goods or services for donations made by payroll deduction.

Cash donations of $250 or moreYou can claim these if the organi-zation gives you a writ-ten acknowl-edgement of the dona-tion. It must include all of these:• Amountof cashcontrib-uted• Statementshowingif theorganization gave goods or services for the donation. This doesn’t in-clude token items or membership.• Descriptionandgoodfaithestimate of the value of goods and services described in the second bullet

You must receive this acknowledge-ment by the earlier of the:• Dateyoufileyourreturnfor the year you made the donation• Duedate,includingexten-sions, for filing your return

Noncash donations less than $250 The organization must give a re-ceipt showing:• Organization’snameandaddress• Dateandlocationof do-nation• Reasonablydetailedde-scription of the property donatedHowever, you don’t have to get a receipt if it’s impossible or imprac-tical. (Ex: You donate property at an unattended drop-off site.)

In these cases, you must keep a reliable written record for each donated item showing:• Organization’snameandaddress• Dateandlocationof do-nation• Reasonablydetailedde-scription of the property donated• Fairmarketvalueof thedonation at the time you donated it. It must include an explanation that tells how you figured the fair market value.• Costorotherbasisyouhad in the donation if you must reduce the fair market value by appreciation. The record must also

show the amount of the reduction and how you figured it.• Youmightbecontributingless than the entire interest in the donation. If so, you must show the amount you’re claiming as a deduc-tion for the year as a result of the donation.• If theotherportionof theinterest has been donated, you must provide details of each donation of the other interests.• Termsandconditionsat-tached to the donation

Noncash donations at least $250 but less than $500 You must get and keep a written receipt or acknowledgment from the organization for these donations. You must get the receipt before or on the later of:• Yourfilingdate• Duedateof thereturn,including extensionsThe written receipt must include:• Descriptionof donation• Indicationof goodsorser-vices you received, if any, other than certain token items or membership benefits• Descriptionandgoodfaithestimate of the value of goods or services you received. This applies unless the only benefit you received was an intangible religious benefit. (Ex: admission to a religious cer-emony)

The organization can give you a sep-arate statement for each donation. They could also give you periodic statements proving your donations.To learn more, see Publication 1771: Charitable Contributions at www.irs.gov.

Noncash donations more than $500 but less than $5,000 You must have a written acknowl-edgement and written record, which includes:• Howyouacquiredthedo-nated property -- like purchase, gift, or inheritance• Approximatedateyouacquired donated property -- or approximate date you substantially

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FROM H&R BLOCK... PG 4

completed donated property if it was:o Createdo Producedo Manufactured• Costorotherbasisandadjustments to the basis of prop-erty held less than 12 months. If available, include the cost or other basis of property held 12 months or more. This requirement doesn’t apply to publicly traded securities.Noncash donations of $5,000 or moreYou might make a noncash single charitable donation for one item or a group of similar items. If it’s more than $5,000:• Theorganizationmustgive you a written acknowledge-ment.• Youmustkeeptherecordsrequired under the rules for dona-tions of more than $500 but less than $5,000 .

When you figure if a deduction is more than $5,000, you must do so in a certain way. You must combine all deductions for similar items you donated to all organiza-tions in the year. You usually have to get an appraisal.

AppraisalsSometimes you must get a written appraisal from a qualified apprais-er. Appraisals are required when the value of:• Asingledonateditemoragroup of similar items is more than $5,000.• Stocknottradedpubliclyis $10,000 or more. Publicly traded securities don’t require a written appraisal.

You’re also required to get an ap-praisal for an item of clothing or a household item if either of these is true:• Theitemisvaluedatmorethan $500 .• Itisn’tingoodcondition.To evaluate the specific kind of donated property, the qualified ap-praiser must possess the needed:• Education• Credentials

• Experience

You will get a penalty if the donat-ed property’s value is significantly overstated. The cost of the required appraisal can’t be part of your charitable donation. Instead, you can deduct it as a miscellaneous itemized expense.

To learn more, see Appraisals in Publication 561: Determining the Value of Donated Property at www.irs.gov.

Appreciated PropertyThe tax-saving potential can be much more when you donate ap-preciated property like:• Stocks• Realestate• Art• Antiques

However, the rules are more com-plicated. Your deduction depends partly on if the property you do-nated is considered one of these:• Capital-gainproperty• Ordinary-incomepropertyTo learn more, see Publication 526: Charitable Contributions at www.irs.gov.

Item DonationsDonating property can earn you a deduction just as donating money can. Property donations are usu-ally used clothing and household goods. Your write-off for these is the fair market value of the prop-erty at the time you give it.

Item donations must be in good used condition to qualify for a deduction. “Good used condition” isn’t defined. You can only deduct donations the organization plans to sell or to use for its charity. If an item is heavily worn, ask the organization if it will sell or use the item.

It’s often difficult to determine the fair market value of used items. The IRS doesn’t have any stated amounts considered acceptable for these items. However, the Salva-tion Army publishes a guide that could help you. The guide tells

you the average prices of clothing, furniture, and household items in its stores. You can use this guide to establish the value of these items.

To learn more, see Publication 561: Determining the Value of Donated Property at www.irs.gov.

When you donate a vehicle to a charity, special rules apply. If the charity sells the vehicle, the char-ity must send you a Form 1098-C within 30 days of the sale. This will tell you the sales price and set the amount you can deduct.

However, there’s one exception. If the claimed car’s value is $500 or less, you can deduct the value of the donated vehicle. You’ll still deduct the vehicle’s fair market value at the time of the donation if the charity:• Makessubstantialim-provements to the car• Fixesupthecarandsellsit• Givesittoaneedyperson• Usesitinitscharitableef-forts

To learn more, see Publication 526: Charitable Contributions at www.irs.gov.

Out-of-Pocket ExpensesYou can also deduct expenses for doing volunteer work for a quali-fied organization.

You can deduct:• Mileageexpensesif youuse your car while doing volunteer work for a hospital or school• Mileageexpensesformilesyou drive to and from a charity to drop off donated goods• Parkingfees,tolls,orpub-lic transportation expenses while doing volunteer work or dropping off donated goods. The mileage rate for 2013 is 14 cents a mile.

Continued... pg 6

Downtown HappeningsYou can experience Downtown Paterson on the web at www.shoppaterson.org or

downtown pateRson usheRed in holidaY season with small business satuRdaY pRomotions and eventsBloomberg Businessweek reported that consumers who were aware of the national “Small Business Satur-day” initiative spent $5.7 billion at independent retailers on Saturday, November 30, 2013. The Downtown Paterson Special Improvement Dis-trict, Inc. held various activities on Small Business Saturday, aiming to have some of those holiday shopping dollars invested locally in Downtown Paterson.

Local retailers presented store fliers and promotions inside free, reus-able, brightly colored shopping bags to the first 250 shoppers to check in at the Downtown Christmas tree early in the afternoon. The Christ-mas tree, a 35-foot spruce tree was also the center of family friendly activities, such as an ice sculpting demonstration, music, live Christmas caroling by The Rosa Parks Performing Arts High School and Creech Temple Youth Choirs, Santa’s Village, which featured free pictures with Santa Claus, face painting and complimentary hot chocolate served by volunteers with the Free Teens program run out of the City’s Department of Recreation.

Also, back by popular demand, Victorian-dressed Christmas carolers serenaded shoppers all day and evening long throughout the shopping district and even inside Center City Mall.

The events were paid for and sponsored by the Businesses and Merchants of

Downtown Paterson, as a way of encouraging more local shopping.“Large big box retailers and chain stores have Black Friday, and online stores benefit from Cyber Monday,” said Sheri Ferreira, Ex-ecutive Director of the Downtown Paterson SID. “Small Business Sat-urday is to celebrate and support local retailers, who in turn support your local communities.”

Rounding out Small Business Sat-urday in Paterson was the lighting of the Christmas tree by Mayor Jeffery Jones, where the businesses and merchants gave away three free X-Box One game systems to three children who were among approxi-

mately 200 who picked up their free raffle ticket two hours earlier.

More pictures from the day of events can be seen on the Downtown Paterson retail-ing Facebook Page.

Above: Back row, left to right: fourth Ward Councilwoman Ruby Cotton, Mayor Jeffery Jones, greater paterson Chamber of Commerce president Jamie dykes, and downtown paterson Sid executive direc-tor Sheri ferreira, along with three paterson children who won X-Box one game systems, compliments of the Businesses and Merchants of downtown paterson.

67

You can also deduct the cost and care of a special uniform you have to wear while performing these services.

You can’t write off the value of ser-vices or time you donate.

You might be a foster parent. If so, you can deduct some of the costs of providing for your foster children as a charitable donation. You can deduct the cost that’s more than the reim-bursement you receive. You can only do this if you aren’t in the trade or business of providing foster care.

You can also earn a charitable deduc-tion if a student lives in your home under a qualified program. To qualify for this deduction, the student:• CanbeAmericanorforeign• Mustbeafull-timeelemen-tary or high school student

You can deduct up to $50 a month of what you spend for the student, including the cost of:• Books• Tuition• Food• Clothing• Entertainment

You’ll need to count each month the student lives with you for 15 or more days to figure how many $50 allot-ments you can claim.

Form 8283: Noncash Charitable ContributionsYou must file Form 8283: Noncash Charitable Contributions if both of these apply:• Youclaimadeductionfordonated property.• Thepropertyhasatotalaggregate value of more than $500 for the year. This doesn’t mean a per-item value.

The information Form 8283 requires is the same as what you need to prove a charitable gift -- what you gave, when, and to whom. For each item valued at more than $500 each, you must also specify:• Whenandhowyouacquired

the item• Item’scostoradjustedbasisCharitable Deduction Limits

Your deductions can’t be more than 50% of your adjusted gross income (AGI) if the donations are to:• Publiccharities• Colleges• Religiousorganizations

Within that overall limit, gifts of ap-preciated property can’t total more than 30% of your AGI. Appreciated property is property that’s increased in value since you got it.

Donations to certain organizations, like veterans’ groups, can’t be more than either:• 30%of yourAGI• 20%of yourAGIongiftsof

certain appreciated propertyTo learn more, see Publication 526: Charitable Contributions at www.irs.gov.

The H&R Block Website: www.hrblock.com is a good resource for tax tips and informational articles. For more information about tax preparation for small businesses or individuals contact the H&R Block office at 56 Broadway, Paterson - Tel. 973-279-3160 or 395 Union Ave., Paterson - Tel. 973-956-0304.

*This article is credited to the H&R Block Tax Institute.

new cablevision account executive eageR to educate businesses on the affoRdable cost of cable adveRtising

The power of television to demonstrate a product or service is hard to beat, but there is a common misconception by small business owners that they cannot afford to advertise on television. Vicy Polanco wishes to debunk this myth. Polanco is the Paterson district Ac-count Executive of Cablevision and she says that most business owners would be surprised to know that the cost of advertising on television is within reach for most businesses.

“When I travel door-to-door and inform business owners that they can advertise for $50 or $75 a spot during the Superbowl, they are astounded,” explained Polanco to Chamber Hap-penings. Polanco recently joined the Chamber of Commerce with the goal of building her network of potential advertisers within the Paterson district.As a Paterson resident Polanco feels she is uniquely positioned to build the advertising base in her district. She said, “I know the Paterson community and I am out actively promoting. I go door to door. There are a lot of great businesses here that could really use the exposure that Cablevision advertising offers.”

Almost any size budget can be accom-modated and commercial productions can also be very simple, according to the energetic and enthusiastic account executive. In fact Polanco invites Chamber members to reach out to her directly to explore the many options Cablevision has to offer during 2014. Polanco explains, “A lot of people say, you can get me on the air for a great price, but what will the commercial

production cost me?”

Commercials can be produced by an in-house production company by Cablevision for a low rate. In fact, at the time of this interview the company was running a special $500 commer-cial production special. Turn around time for production could be as little as two weeks, according to Polanco. The process is also very simple. A producer will comes out and speak to the owner about their vision. They will write a script after speaking to them and e-mail for review. Changes can be made. As soon as the advertiser signed off on the

script, production will begin.

“The most a produced commercial will cost is maybe $1100,” explained Polanco. “That’s recorded, edited, in HD, voiceovers. You may think $5,000 or $10,000.” The Business owner also owns the commercial and can choose to use it in other ways. For example, Polanco can also talk to clients about running their commercials on social media sites.

Polanco joined Cablevision this past summer and she is the only account executive with the defined area of Paterson. For her, convincing more Paterson businesses to utilize Cablevi-sion for marketing their businesses is personal.

“I feel that the perception of Paterson is mostly negative, and even residents are down on their own city. There are a lot of great businesses here and I’d like to have Paterson and our businesses shown in a different view. There are nice places to shop and eat here. It would be nice to have people know – even in Paterson – that you don’t have to go to another town to get what you need.”

For more information about television advertising opportunities contact Vicy Polanco: 973-651-7935 or vpolanco@cablevision.com.

vicy polanco is the new Account executive for Cablevision Media Sales and she is determined to debunk the myths

about Cable advertising costs.

FROM H&R BLOCK... PG 5

67

You can also deduct the cost and care of a special uniform you have to wear while performing these services.

You can’t write off the value of ser-vices or time you donate.

You might be a foster parent. If so, you can deduct some of the costs of providing for your foster children as a charitable donation. You can deduct the cost that’s more than the reim-bursement you receive. You can only do this if you aren’t in the trade or business of providing foster care.

You can also earn a charitable deduc-tion if a student lives in your home under a qualified program. To qualify for this deduction, the student:• CanbeAmericanorforeign• Mustbeafull-timeelemen-tary or high school student

You can deduct up to $50 a month of what you spend for the student, including the cost of:• Books• Tuition• Food• Clothing• Entertainment

You’ll need to count each month the student lives with you for 15 or more days to figure how many $50 allot-ments you can claim.

Form 8283: Noncash Charitable ContributionsYou must file Form 8283: Noncash Charitable Contributions if both of these apply:• Youclaimadeductionfordonated property.• Thepropertyhasatotalaggregate value of more than $500 for the year. This doesn’t mean a per-item value.

The information Form 8283 requires is the same as what you need to prove a charitable gift -- what you gave, when, and to whom. For each item valued at more than $500 each, you must also specify:• Whenandhowyouacquired

the item• Item’scostoradjustedbasisCharitable Deduction Limits

Your deductions can’t be more than 50% of your adjusted gross income (AGI) if the donations are to:• Publiccharities• Colleges• Religiousorganizations

Within that overall limit, gifts of ap-preciated property can’t total more than 30% of your AGI. Appreciated property is property that’s increased in value since you got it.

Donations to certain organizations, like veterans’ groups, can’t be more than either:• 30%of yourAGI• 20%of yourAGIongiftsof

certain appreciated propertyTo learn more, see Publication 526: Charitable Contributions at www.irs.gov.

The H&R Block Website: www.hrblock.com is a good resource for tax tips and informational articles. For more information about tax preparation for small businesses or individuals contact the H&R Block office at 56 Broadway, Paterson - Tel. 973-279-3160 or 395 Union Ave., Paterson - Tel. 973-956-0304.

*This article is credited to the H&R Block Tax Institute.

new cablevision account executive eageR to educate businesses on the affoRdable cost of cable adveRtising

The power of television to demonstrate a product or service is hard to beat, but there is a common misconception by small business owners that they cannot afford to advertise on television. Vicy Polanco wishes to debunk this myth. Polanco is the Paterson district Ac-count Executive of Cablevision and she says that most business owners would be surprised to know that the cost of advertising on television is within reach for most businesses.

“When I travel door-to-door and inform business owners that they can advertise for $50 or $75 a spot during the Superbowl, they are astounded,” explained Polanco to Chamber Hap-penings. Polanco recently joined the Chamber of Commerce with the goal of building her network of potential advertisers within the Paterson district.As a Paterson resident Polanco feels she is uniquely positioned to build the advertising base in her district. She said, “I know the Paterson community and I am out actively promoting. I go door to door. There are a lot of great businesses here that could really use the exposure that Cablevision advertising offers.”

Almost any size budget can be accom-modated and commercial productions can also be very simple, according to the energetic and enthusiastic account executive. In fact Polanco invites Chamber members to reach out to her directly to explore the many options Cablevision has to offer during 2014. Polanco explains, “A lot of people say, you can get me on the air for a great price, but what will the commercial

production cost me?”

Commercials can be produced by an in-house production company by Cablevision for a low rate. In fact, at the time of this interview the company was running a special $500 commer-cial production special. Turn around time for production could be as little as two weeks, according to Polanco. The process is also very simple. A producer will comes out and speak to the owner about their vision. They will write a script after speaking to them and e-mail for review. Changes can be made. As soon as the advertiser signed off on the

script, production will begin.

“The most a produced commercial will cost is maybe $1100,” explained Polanco. “That’s recorded, edited, in HD, voiceovers. You may think $5,000 or $10,000.” The Business owner also owns the commercial and can choose to use it in other ways. For example, Polanco can also talk to clients about running their commercials on social media sites.

Polanco joined Cablevision this past summer and she is the only account executive with the defined area of Paterson. For her, convincing more Paterson businesses to utilize Cablevi-sion for marketing their businesses is personal.

“I feel that the perception of Paterson is mostly negative, and even residents are down on their own city. There are a lot of great businesses here and I’d like to have Paterson and our businesses shown in a different view. There are nice places to shop and eat here. It would be nice to have people know – even in Paterson – that you don’t have to go to another town to get what you need.”

For more information about television advertising opportunities contact Vicy Polanco: 973-651-7935 or vpolanco@cablevision.com.

vicy polanco is the new Account executive for Cablevision Media Sales and she is determined to debunk the myths

about Cable advertising costs.

FROM H&R BLOCK... PG 5

58

FROM H&R BLOCK... PG 4

completed donated property if it was:o Createdo Producedo Manufactured• Costorotherbasisandadjustments to the basis of prop-erty held less than 12 months. If available, include the cost or other basis of property held 12 months or more. This requirement doesn’t apply to publicly traded securities.Noncash donations of $5,000 or moreYou might make a noncash single charitable donation for one item or a group of similar items. If it’s more than $5,000:• Theorganizationmustgive you a written acknowledge-ment.• Youmustkeeptherecordsrequired under the rules for dona-tions of more than $500 but less than $5,000 .

When you figure if a deduction is more than $5,000, you must do so in a certain way. You must combine all deductions for similar items you donated to all organiza-tions in the year. You usually have to get an appraisal.

AppraisalsSometimes you must get a written appraisal from a qualified apprais-er. Appraisals are required when the value of:• Asingledonateditemoragroup of similar items is more than $5,000.• Stocknottradedpubliclyis $10,000 or more. Publicly traded securities don’t require a written appraisal.

You’re also required to get an ap-praisal for an item of clothing or a household item if either of these is true:• Theitemisvaluedatmorethan $500 .• Itisn’tingoodcondition.To evaluate the specific kind of donated property, the qualified ap-praiser must possess the needed:• Education• Credentials

• Experience

You will get a penalty if the donat-ed property’s value is significantly overstated. The cost of the required appraisal can’t be part of your charitable donation. Instead, you can deduct it as a miscellaneous itemized expense.

To learn more, see Appraisals in Publication 561: Determining the Value of Donated Property at www.irs.gov.

Appreciated PropertyThe tax-saving potential can be much more when you donate ap-preciated property like:• Stocks• Realestate• Art• Antiques

However, the rules are more com-plicated. Your deduction depends partly on if the property you do-nated is considered one of these:• Capital-gainproperty• Ordinary-incomepropertyTo learn more, see Publication 526: Charitable Contributions at www.irs.gov.

Item DonationsDonating property can earn you a deduction just as donating money can. Property donations are usu-ally used clothing and household goods. Your write-off for these is the fair market value of the prop-erty at the time you give it.

Item donations must be in good used condition to qualify for a deduction. “Good used condition” isn’t defined. You can only deduct donations the organization plans to sell or to use for its charity. If an item is heavily worn, ask the organization if it will sell or use the item.

It’s often difficult to determine the fair market value of used items. The IRS doesn’t have any stated amounts considered acceptable for these items. However, the Salva-tion Army publishes a guide that could help you. The guide tells

you the average prices of clothing, furniture, and household items in its stores. You can use this guide to establish the value of these items.

To learn more, see Publication 561: Determining the Value of Donated Property at www.irs.gov.

When you donate a vehicle to a charity, special rules apply. If the charity sells the vehicle, the char-ity must send you a Form 1098-C within 30 days of the sale. This will tell you the sales price and set the amount you can deduct.

However, there’s one exception. If the claimed car’s value is $500 or less, you can deduct the value of the donated vehicle. You’ll still deduct the vehicle’s fair market value at the time of the donation if the charity:• Makessubstantialim-provements to the car• Fixesupthecarandsellsit• Givesittoaneedyperson• Usesitinitscharitableef-forts

To learn more, see Publication 526: Charitable Contributions at www.irs.gov.

Out-of-Pocket ExpensesYou can also deduct expenses for doing volunteer work for a quali-fied organization.

You can deduct:• Mileageexpensesif youuse your car while doing volunteer work for a hospital or school• Mileageexpensesformilesyou drive to and from a charity to drop off donated goods• Parkingfees,tolls,orpub-lic transportation expenses while doing volunteer work or dropping off donated goods. The mileage rate for 2013 is 14 cents a mile.

Continued... pg 6

Downtown HappeningsYou can experience Downtown Paterson on the web at www.shoppaterson.org or

downtown pateRson usheRed in holidaY season with small business satuRdaY pRomotions and eventsBloomberg Businessweek reported that consumers who were aware of the national “Small Business Satur-day” initiative spent $5.7 billion at independent retailers on Saturday, November 30, 2013. The Downtown Paterson Special Improvement Dis-trict, Inc. held various activities on Small Business Saturday, aiming to have some of those holiday shopping dollars invested locally in Downtown Paterson.

Local retailers presented store fliers and promotions inside free, reus-able, brightly colored shopping bags to the first 250 shoppers to check in at the Downtown Christmas tree early in the afternoon. The Christ-mas tree, a 35-foot spruce tree was also the center of family friendly activities, such as an ice sculpting demonstration, music, live Christmas caroling by The Rosa Parks Performing Arts High School and Creech Temple Youth Choirs, Santa’s Village, which featured free pictures with Santa Claus, face painting and complimentary hot chocolate served by volunteers with the Free Teens program run out of the City’s Department of Recreation.

Also, back by popular demand, Victorian-dressed Christmas carolers serenaded shoppers all day and evening long throughout the shopping district and even inside Center City Mall.

The events were paid for and sponsored by the Businesses and Merchants of

Downtown Paterson, as a way of encouraging more local shopping.“Large big box retailers and chain stores have Black Friday, and online stores benefit from Cyber Monday,” said Sheri Ferreira, Ex-ecutive Director of the Downtown Paterson SID. “Small Business Sat-urday is to celebrate and support local retailers, who in turn support your local communities.”

Rounding out Small Business Sat-urday in Paterson was the lighting of the Christmas tree by Mayor Jeffery Jones, where the businesses and merchants gave away three free X-Box One game systems to three children who were among approxi-

mately 200 who picked up their free raffle ticket two hours earlier.

More pictures from the day of events can be seen on the Downtown Paterson retail-ing Facebook Page.

Above: Back row, left to right: fourth Ward Councilwoman Ruby Cotton, Mayor Jeffery Jones, greater paterson Chamber of Commerce president Jamie dykes, and downtown paterson Sid executive direc-tor Sheri ferreira, along with three paterson children who won X-Box one game systems, compliments of the Businesses and Merchants of downtown paterson.

4 9

Continued... pg 5

are token items bearing the or-ganization’s logo, like mugs and t-shirts. Their aggregate cost can’t be more than $10.20 for 2012.• Theorganizationgivesout free, unordered items with a donation request.• Bothof thesearetrue:o The annual payment is $75 or less.o The donor receives certain rights and privileges. Eample: discounted admission to performances -- but not athletic events.

You might not be sure if the organization you’re donating to is IRS-approved. Just ask for the organization’s tax ID number. Then, check www.irs.gov for a list of qualified organizations.

Recordkeeping RequirementsThe recordkeeping requirements for donations differ depending on your:• Typeof donation• Amountof donation

Cash donations less than $250 You must prove the donation amount if you want to deduct it with one of these:• Receipt• Bankorcreditunionstatements• Canceledchecks• CreditcardstatementsBank records must show:• Organization’sname• Date• DonationamountWritten records from the donor aren’t enough proof. These in-clude check registers or personal notations.

For donations you made by payroll deduction, you can prove your donations if you have both of these:• Documentshowingtheamount withheld, like a pay stub or W-2 from your employer• Pledgecardorotherdoc-ument from the organization. It must state that they don’t provide goods or services for donations made by payroll deduction.

Cash donations of $250 or moreYou can claim these if the organi-zation gives you a writ-ten acknowl-edgement of the dona-tion. It must include all of these:• Amountof cashcontrib-uted• Statementshowingif theorganization gave goods or services for the donation. This doesn’t in-clude token items or membership.• Descriptionandgoodfaithestimate of the value of goods and services described in the second bullet

You must receive this acknowledge-ment by the earlier of the:• Dateyoufileyourreturnfor the year you made the donation• Duedate,includingexten-sions, for filing your return

Noncash donations less than $250 The organization must give a re-ceipt showing:• Organization’snameandaddress• Dateandlocationof do-nation• Reasonablydetailedde-scription of the property donatedHowever, you don’t have to get a receipt if it’s impossible or imprac-tical. (Ex: You donate property at an unattended drop-off site.)

In these cases, you must keep a reliable written record for each donated item showing:• Organization’snameandaddress• Dateandlocationof do-nation• Reasonablydetailedde-scription of the property donated• Fairmarketvalueof thedonation at the time you donated it. It must include an explanation that tells how you figured the fair market value.• Costorotherbasisyouhad in the donation if you must reduce the fair market value by appreciation. The record must also

show the amount of the reduction and how you figured it.• Youmightbecontributingless than the entire interest in the donation. If so, you must show the amount you’re claiming as a deduc-tion for the year as a result of the donation.• If theotherportionof theinterest has been donated, you must provide details of each donation of the other interests.• Termsandconditionsat-tached to the donation

Noncash donations at least $250 but less than $500 You must get and keep a written receipt or acknowledgment from the organization for these donations. You must get the receipt before or on the later of:• Yourfilingdate• Duedateof thereturn,including extensionsThe written receipt must include:• Descriptionof donation• Indicationof goodsorser-vices you received, if any, other than certain token items or membership benefits• Descriptionandgoodfaithestimate of the value of goods or services you received. This applies unless the only benefit you received was an intangible religious benefit. (Ex: admission to a religious cer-emony)

The organization can give you a sep-arate statement for each donation. They could also give you periodic statements proving your donations.To learn more, see Publication 1771: Charitable Contributions at www.irs.gov.

Noncash donations more than $500 but less than $5,000 You must have a written acknowl-edgement and written record, which includes:• Howyouacquiredthedo-nated property -- like purchase, gift, or inheritance• Approximatedateyouacquired donated property -- or approximate date you substantially

10 3

area around the hospital. Paterson will not only benefit from the added ser-vices, but also from the amount of jobs that will become available through St. Joseph’s initiatives as well as a signifi-cant boost to Paterson’s tax base.”

Dykes invites Chamber members to attend the 105th Annual Gala to not only celebrate the accomplishments of St. Joseph’s, but also to enjoy the major event, bringing together business men and women, elected officials and other notable movers and shakers of Pater-son and Passaic County.

“This is really the event to see and be seen at,” said Dykes. “Some companies will reserve a table of ten and invite key colleagues or clients. Others will purchase single tickets and in that case we pride ourselves on making optimal table matches for our members in order to maximize their networking experi-ence.”

The Gala begins at 7:00 PM with a remarkable cocktail hour featuring passed hors d’oeuvres, several hot food stations, sushi, a martini bar, drinks from the swanky floor to ceiling bar for any taste. The sit-down dinner will

be served by white-glove service in the main ball room. While, the Chamber will spend an appropriate amount of time honoring our award recipient, the evening will be focused on entertain-ment and networking. Live music will keep you and your spouse or co-workers on the dance floor through the evening and even after the full dessert production.

Reservations can be made by calling the Chamber at 973-881-7300 today.

Tickets are $140 each. In addition, the Chamber urges your support of the event’s souvenir journal. Income from the journal will help the Chamber to continue its diligent services to its members in business advocacy, and many programs. For more informa-tion about this event, feel free to log onto www.greaterpatersoncc.org, where you can download the reserva-tion form, ad journal contract, and sponsorship forms.

stakeholdeRs banded togetheR to incRease police pResence in downtown pateRson foR holidaYsDowntown Paterson shoppers may have witnessed a notable increase in police within the Downtown Paterson shopping district. Six more police officers patrolled the festively deco-rated Downtown Paterson district during peak shopping hours between Black Friday and Christmas day. The “Happy Holidays, Clean and Safe” initiative was facilitated by the City’s Division of Economic Development, after various stakeholders expressed concerns regarding the negative perception of crime and its impact on holiday shopping.

In partnership with The Downtown Paterson Special Improvement District, Inc., The Urban Enterprise Zone, and The Greater Paterson Chamber of Commerce, the Pater-son Police Department had assigned these foot-patrols to the high customer traffic areas of Downtown Paterson, such as Main Street, Market Street, and Broadway while also maintaining a watchful eye over other streets and thoroughfares leading to parking fa-cilities. In addition, New Jersey Tran-sit increased their security presence at both the Broadway Bus Terminal

and Downtown Train Station. Fur-thermore, Passaic County Community College security was also increased around their campus. As part of the vast partnership, The Department of Public works stepped up their sanita-tion activity within Downtown, and as always the Downtown Paterson SID maintenance crew continued to remove litter from sidewalks, benches, bus stops, etc.

In a press release, Mayor Jeffery Jones said, “Along with our local business partners, we want people who live, work, and visit Paterson to know we are committed to doing all we can to demonstrate our shared commitment to an enjoyable, safe, and secure holi-day season.”

Ruben Gomez, economic develop-ment director of the City of Pater-son, emphasized the importance of shopping local this holiday season. “When shoppers choose to make their purchases at small local shops rather than big chain stores, they are sup-porting their community and neigh-bors because for every $100 spent locally, $68 remains in the community.

It’s for this reason that we engaged in this initiative.”

All initiate partners hope that any new or repeat customers this initia-tive garnered will remain through the winter and into the New Year.

“We were pleased to partner with the all stakeholders to bring added security to the Downtown shopping district because it meant we were seri-ous about creating a successful shop-ping season for both the businesses of Downtown Paterson and our loyal shoppers who chose to support their local economy,” said Sheri Ferreira, executive director of the Downtown Paterson Special Improvement Dis-trict.All partners will review the success of the program in deterring petty crime, increasing the amount of visitors to the district for the holiday season and the over-all return on investment. For more information about this program, contact the Downtown Paterson SID at 973-881-7300 or Office of Econom-ic Development at 973-321-1212.

fRoM gAlA... CoveR

h&R block explains chaRitable donations You can claim donations you make to qualified charitable organizations. However, you must itemize your deduc-tions. This can reduce your taxable income. Claim your charitable dona-tions on Form 1040, Schedule A.

Your donations must go to one of these organizations:• Nonprofitreligiousgroup• Nonprofiteducationalgroup• Nonprofitcharitablegroup

These groups are often referred to as 501(c)(3) organizations. Donations you give directly to needy individuals don’t count.

Money DonationsMoney donations are those make directly to a nonprofit organization.

You’ll use one of these payment meth-ods:• Cash• Check• Creditcard• Debitcard• Payrolldeduction• Automaticwithdrawalsfromyour bank account

If you accept something in return for your gift, you can’t write off the full amount. Example: A local public television station offers a CD player for a $1,000 donation to its annual fund drive. If the CD player’s value is $200, your deduction is limited to $800 -- the difference between what you gave and what you got. You can claim the full charitable deduction only if you refuse the CD player.

The donor can disregard goods and services received if (for 2012) one of these applies:• Theirfairmarketvalueisn’tmore than the lesser of:o 2% of the paymento $102• Bothof thesearetrue:o The payment is at least $51 for 2012.o The only benefits you receive

Continued... pg 4

NJBIZ RANKS ACCURATE BOx IN LIST OF TOP 25 MANUFACTURERS IN NJAccurate Box, a leading pro-ducer of high graphics, corru-gated boxes and displays, was recently named one of the top manufacturing companies in New Jersey by NJBIZ.

The 225 employee company, located in the Bunker Hill Industrial Park of Paterson said on their website that they are “thrilled that a high graphic corrugated packaging manufacturer could grow in size to make this list. Recent investments in new high speed Bobst die cutters, a second high speed KBA print-ing press, and the addition of our second Asitrade has truly made us competitive on a

nationwide level. Fortune 100 companies whose products sell in stores like Costco, Sam’s and BJ’s have favored us with their litho-laminated packag-ing business. These volumes have enabled us to expand our facility and workforce in the local community!”

The GPCC wishes to congrat-ulate, Accurate Box, a long-standing Chamber member and 70-year, third generation business on their recognition!

COLUMBIA BANK CONTINUES TO AID HABITAT FOR HUMANITYThis volunteer crew of Colum-bia Bank em-ployees recently teamed up with Paterson Habitat for Humanity to help build a new, affordable living home in the Greater Paterson area. The Team Columbia volunteers com-pleted various framing and painting assignments, provid-ing the “elbow grease” neces-sary to move the construction project along.

Columbia Bank is a regular supporter of Habitat for Hu-

manity projects, which repairs and builds local affordable homes for low-income fami-lies. Since 1993, Columbia has also sponsored grants totaling more than $1.2 mil-lion which alone funded more than 140 local habitat home rebuilding projects.

Greater Paterson Chamber of CommerCe

100 Hamilton Plaza, Suite 1201Paterson, NJ 07505

(T) 973-881-7300 (F) 973-881-8233gpcc@greaterpatersoncc.org

ExEcutivE Board of dirEctors:Jim White Jr., White & Shauger Inc.

Vice President/Finance

Irwin Bailey, EBCO Development Corp.Vice President/Retail

Teri Duda, Berkeley CollegeVice President/Education

George Waitts, Crown Roll Leaf Inc.Chairman

Ken Morris, St. Joseph’s Regional Medical CenterVP Governmental Affairs

dirEctors:mark boCChieri, vErizon

James Chappell, JC Printing

Patrick DeDeo, William Paterson University

Robert DeMers, Esq.

Matthew Evans, Evans Architect

Peter Garafano, Garafano Tank Services

Paul Harencak, CLI Group

Joseph Langan, River Drive Construction

Ken Morris Jr., St. Joseph’s Medical Center

Steve Rose, Passaic County Community College

Kimberly Rupp, TD Bank

Rick Ricca, Board Member Emeritus

Sean Ryan, Hanson & Ryan Inc.

Art Scialla Jr., Ace Reprographic Services

Michael Seeve, Mountain Development Corp

Dan Shiver, Shiver Real Estate Agency

Brett Straten, Associated Fire Protection Inc.

Everton Scott, Public Service Electric & Gas

Nick Tsapatsaris, Center City Partners, LLC

Nick Tselepis, Nicholas Real Estate

Don Vanderbeck Jr., C.J. Vanderbeck & Son Inc.

Mike Campbell, Columbia Bank

staff:James “Jamie” A.M. Dykes II

President

Sheri A. FerreiraAssociate Director/Editor, Chamber Happenings

Gladys BayonOffice Administrator

Chamber Happenings is published by The Greater Paterson Chamber of Commerce. Our monthly

publication is THE source for today’s top business news and information as it relates to our members and

the Greater Paterson area.

Want Ink? Send us your announcements. What is new with you and your company? The GPCC wants to promote your goods and services. Are you an expert in your field? Do you have advice to lend to our mem-bers? If so, Chamber Happenings allows members to submit by-lined articles. Send your news, announce-

ments or by-lined articles to Chamber Happenings Editor, Sheri Ferreira at sheri@greaterpatersoncc.org or contact the Chamber via telephone: 973-881-7300.

© All Rights Reserved. If you would like a copy of an article that appeared in Chamber Happenings, for your

own project, please let us know.

Chamber Happenings

President’s Note: To be ACA compliant, work with an agent.

I recommend Hanson & Ryan Insurance.

If there is any one piece of advice I can offer as President of the Chamber of Commerce regarding 2014 and your business, it is to work with a highly educated agent to imple-ment the affordable Care act requirements. Whether you love it or loathe it, the aCa is here to stay and implementing it may prove to be expensive and exhausting, especially if you are doing things blindly.

I’d like to recommend Hanson & Ryan Insur-ance. Hanson & Ryan is a well respected agency with a 100 year history. On November 12th, Hanson & Ryan enlisted one of their colleagues to present a one-hour seminar on what the aCa will mean for small busi-nesses in 2014 and beyond. This presenter was remarkable. She was able to answer all

questions, and explain the complexities of the aCa in such a way that it made sense. However, it was very clear from the presentation and the discussions around the room, and after the seminar that most companies, if not all, should be working with a knowledgeable, trusted agent to make sure they are compliant with aCa requirements.

You can learn more about Hanson & Ryan Insurance at www.hansonryan.com.

Jamie

DeJong Iron Works Inc.223 godwin ave.

Paterson

Hanson & Ryan, Inc.p.o. Box 347

totowa

Kirker Enterprises Inc.55 e. 6th St.

paterson

Lipo Chemicals Inc.207 19th Ave.

paterson

Little Falls Alloys Inc.189 Caldwell Ave.

paterson

Paterson Self Storage LLC/Treasure Island Storage

404 grand St.Paterson

PNC Bank129 Market St.

paterson

Shiver Real Estate Agency52 13th Ave.

paterson

Silk City Calender Co.375 totowa Ave.

paterson

White & Shauger, Inc.p.o. Box 2695

paterson

William Paterson University300 pompton Road

Wayne

Thank You To Our November New And Renewing Members4Cs of Passaic County, Inc.

2 Market St., Suite 300paterson

AAA Metal & Glass Inc.786 e. 27th Street

Paterson

Alma Realty302 Main St. -Suite 201

Paterson

Associated Fire Protection, Inc.100 Jackson Street

Paterson

Bragg Funeral Homes, Inc.256 Rosa parks Blvd.

paterson

Conservative Non-Surgical Spine CareDr. Marco A. Lopez

922 Main Street, Suite 201paterson

2 11

I’m amazed that there’s no major casual dining franchise or national in Paterson. How can that be? I hope there is

one on the way. For some reason these companies don’t get it. They don’t seem to understand that there is a ton of money in the cities. Where is their urban strategy and where is Paterson in the mix? One thing I do realize is that they have some kind of growth strategy. The proof is they are opening new locations. Am I missing something? The most common things I hear are that Paterson doesn’t fit the criteria and that we’re not ready. What??? You’re not ready. WE’RE READY!!!

Who decided we’re not ready and how did they figure that out. They’re like the guy who knows 57 ways to get a spouse; but he’s never been on a date. Who decided we needed an iPhone? What was that criteria for that? How about the Sony Walkman? What criteria did that fit? Here’s

something I read - there were people who said that the automobile had no future. They said that about the light bulb and they even said that about Wal-Mart (the largest business in the world). They also say that about Paterson. They talk about Paterson as if there is no hope, no opportunity, no future, as if we don’t spend money and that nothing positive is going on here. That’s nonsense!!!

Recently, I was talking to a retired businessman who started his busi-ness in Paterson and had much of his success here. He said that when a housewife from Oakland thinks of Paterson, she thinks of personal safety issues. I said, ‘Really, I feel the same way when I drive through Oakland, especially at night.’

How can majors be taken seriously if they have no urban strategy? Many of them are losing money and/or have stagnant growth with their current business model; and yet they still have done nothing of note with the cities. They refuse because of an outdated business model that has no basis in reality or making money,

much less imagination. They told Walt Disney that Disney wouldn’t work either. What criteria did that fit? (Should I continue?)

I’m hopeful that someone in the casual dining business is going to wake up after doing the same thing over and over and getting the same result and activate an urban strat-egy. Specifically, some company is going to wake up and set up shop in Paterson. Whoever gets to the market first will make the best deals and a lot of money. These antiquated business models are keeping them out of the cities. There is a population shift to the cities. A perfect example is Hobo-ken; look what they’ve done. Next month, I will propose some ideas and examples of how an urban strategy makes sense, especially in Paterson.

To send feedback, email me at dan-shiver@yahoo.com and put ‘Pater-son’ in the subject line.

wheRe is YouR uRban stRategYpaRt one

dan ShiverThe Shiver Agency

Chamber HappeningsNovember 2013

Volume XIV/Issue 11

ReseRvations now being accepted foR the chambeR’s 105th annual gala: wheRe business is pleasuRe

Greater Paterson Chamber of Commerce

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Inside This Issue... Continued... pg 3

number 11. While the development of a hotel on the campus of St. Joseph’s, which will be owned by the major char-ity, Medical Missions for Children, has garnered most of the media attention of late, a much bigger picture of develop-ment is occurring, which Paterson, as a whole, will benefit greatly from.

During the GPCC Works in Progress Breakfast, McDonald showcased many of the projects making up the rede-velopment of Area number 11, which include a new medical college and medical high school, luxury style hous-ing at Barclay and Courtland Streets, additional condominiums at Courtland and Camden Streets, professional office

space at Main and Levine Streets, medi-cal office space at Hine Street, and many other additions such as an adult day care on Marshall Street, and behavioral health residential housing on Barclay Street. In addition, several retail establishments are slated to open as part of the rede-velopment, such as a Walgreens store.

McDonald shared render-ings and photographs of these developments at the Works in Progress Breakfast and it was clear

from the remarkably posi-tive reaction and optimism members had toward the

development, that it was time for the Greater Paterson Chamber of Commerce to honor St. Joseph’s and McDonald for the significant investment in Paterson.

GPCC President Jamie Dykes stated, “We are honoring St. Joseph’s because of their tremendous work in developing the

The Greater Paterson Chamber of Commerce is preparing to host our larg-est networking event of the year. The 105th Annual Gala is a semin-formal affair that will take place at the elegant Westmount Country Club in Woodland Park, and as always the event will live up to its tagline, “Where Business is Pleasure.” This event is also the first major business event of the new year.

This year, the major guest of honor will be William Mc-Donald, President and CEO of St. Joseph’s Healthcare System, who will be accept-ing the Faith in Paterson award on behalf of himself and St. Joseph’s Healthcare System. The Faith in Pater-son award is presented to a person or business that has demonstrated an exceptional investment in the Greater Paterson economy through development, programs, and other initiatives.

To meet a growing demand for inpatient and outpatient services, McDonald implemented a major $250 million expansion and renovation of St. Joseph’s Regional Medical Center in Paterson. The major undertaking also included redevelopment initiatives surrounding the hospital in the area of Paterson known as redevelopment area

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The redevelopment of Area number 11, in the City of paterson is expected to bring several ratable expanding developments to the area. St. Joseph’s Regional Medical Center was designated the official developer of this area by the City of paterson several years ago.

Faith in Paterson award to be Presented to st. JosePh’s healthcare system and ceo, william mcdonald

William Mcdonaldpresident & Ceo