An E-mail correspondent from East Windsor commented on our April 12 coverage of the status of high tech industry in New Jersey. Though he declines to use his last name, “Michael” agrees with the pessimistic views espoused by James Hughes, and he points out that of the 37 New Jersey companies on the Fortune 1000 list, not one is a biotech firm. New York has 92 companies on the list; Illinois has 62; and Pennsylvania has 49. “If you really want to grind your teeth, note that AT&T is listed at No. 39 in Texas and headquartered in San Antonio,” he writes.
“Business Week on May 8 listed the 50 best undergraduate business schools for the first time. Not one from New Jersey. It also lists the top graduate schools of business every year, along with the Wall Street Journal, and again none of the top schools are in New Jersey.”
“The National Science Foundation lists the universities and their federally-funded R&D efforts. New Jersey is not listed in the top 50 schools; Rutgers is nowhere to be found.”
“And stop with the cute names for Route 1,” this correspondent continues. “Einstein was a theoretical physicist but had no patents, founded no companies, and created no jobs. He was a humble man who shunned the spotlight (though it was often thrust upon him). He certainly would question the wisdom of using his name as a label for a small portion of a highway. And who looks forward to working in an ‘alley.’ All sizzle; no steak.”
Like many, this correspondent calls for a comprehensive analysis of the state’s economic and business environment. The Regional Planning Partnership started to do that with its big get together of state and local officials on May 11. By this time next year, RPP intends to produce a set of maps and recommendations to reform New Jersey’s Smart Growth programs.
And at a meeting of Einstein’s Alley convened by Rush Holt on the morning we went to press, a private nonprofit group was formed that will have the freedom to move forward, do fundraising, start a website, and, in general, really get something done. In charge of the Einstein’s Alley Initiative are marketing consultant Katherine Kish and Lou Wagman, interim CEO of a fiber optics start-up. (Einstein’s Alley Initiative, Box 276, Kingston 08528, 609-688-0688, firstname.lastname@example.org, email@example.com).
Real Estate Trends
For our twice yearly residential real estate issue, we invite agents to provide addresses and prices of their listings. Then we organize the listings according to price and location, so you can see what you get for your money in each town.
Some unusual terms popped up this spring that apparently herald a trend. The more expensive homes tout “Jack and Jill baths,” which are two rooms connected by a bathroom, as well as “princess suites,” rooms for teen-age daughters that include a bath and huge closet. But will such luxury prepare “princesses” to cope with living in a college dorm?
Rental listings will run in a future issue.