Corrections or additions?
This column was prepared for the January 25, 2006 issue of U.S. 1
Newspaper. All rights reserved.
Between the Lines
Silver linings (as in “every cloud has one”) dominate this year’s
Frogress Edition. The pharmaceutical segment may be weakening, but
Jersey, but the Greater Princeton area is doing well. And as some big
organizations dwindle, their former talented employees start new
companies.
Rita McGrath, the Columbia University professor who is using data from
this newspaper to conduct a 10-year study of Princeton’s business
ecology (see page 14), suggests that when big corporations flourish,
entrepreneurship does not. Only after AT&T, Lucent, and RCA began to
downsize did the small businesses start popping up. “This economy was
so vibrant for so long that the entrepreneurial itch never needed to
be expressed for people to have good lives,” says McGrath. Now that’s
a silver lining-style philosophy if we ever heard one.
We had more expansions this year in previous years, and the rest of
the statistics – the categories of New in Town, Start-ups, Crosstown
Moves, Leaving Town, and Down-sizing – held stable. The report starts
on page 15, followed by listings of companies that were founded in
2005, or were new to town, or expanded.
Because the list is organized by business type, you can use it as a
microcosm of the activity in the central New Jersey business
community. Draw from it when you write a business plan, or when you
make career decisions. If a firm expanded or moved here last year,
that might be one place to start when applying for a job.
When you read these listings on our website at
www.princetoninfo.com/200601/60125c02.html, you can also click through
to each company’s website, as well as look up the articles that we
published in the past year.
One of last year’s cover stories does not show up in our Progress
listings. That is the July 20, 2005, cover story on one of Princeton’s
most notorious entrepreneurs, Jonathan Nyce. But the story surfaced
on Sunday, January 22, when Nyce, the biotech CEO who was convicted
last year of killing his wife, was featured on NBC’s Dateline.
Sellout for NAMI
Over 300 people came to the College of New Jersey on January 8 to hear
pianist/psychiatrist Dr. Richard Kogan discuss Beethoven’s life and
play his music. Every seat was filled.
The recital was a fundraiser for the Mercer County affiliate of the
National Alliance on Mental Illness (609-799-8994). Beethoven suffered
from depression, paranoia and psychotic episodes, but his immortal
music is evidence of the contributions people with mental illness have
made – and continue to make – to our civilization.
We at NAMI Mercer thank all of our sponsors and supporters, and
especially the many volunteers who helped us organize the evening. You
have given us the courage, energy and funding to continue our services
to people affected by mental illness and their families.
Elisabeth Hagen
Secretary to the Board
Corrections or additions?
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