Economic Boom or Bust? Nancy Mantell

Entrepreneurs’ Forum

Volunteer Workshops

NJCAMA for 2000

Princeton Adult School

Call for Entries

Contracts Awarded


Corrections or additions?

Published in U.S. 1 Newspaper on January 5, 2000.

POEM: Photonics Review

Congressman Rush Holt will keynote the research

review entitled "Photonics: Meeting Global Demands" at Princeton

University’s Center for Photonics and Optoelectronic Materials (POEM)

on Thursday, January 6, 8 a.m. to 8 p.m. Among the nearly three-dozen

15-minute presenters are Marshall Cohen of Sensors Unlimited at

Princeton Service Center, Chuni Ghosh of Princeton Electronic

Systems in the Dataram center, Michael Hack of Universal Display

Corporation on Phillips Boulevard, and Jay Trautman of Praelux

on Princess Road. Lunch will feature a poster session. After the

reception and banquet at Prospect House, Holt will speak at 7:30 p.m.

on "Perspectives of a Scientist in Congress." Cost: $50 for the

meeting and $40 for the banquet. Call 609-258-4454.

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Economic Boom or Bust? Nancy Mantell

Economic boom-time for New Jersey may continue well

into the year 2000, but just how long will it last?

Nancy Mantell, an economist and director of the Rutgers Economic

Advisory Service (REAS), expects a strong economy for the next five

years, but it seems that 1999 may have marked the zenith of the

state’s most recent economic expansion. "New Jersey’s economy has

been growing rapidly for a mature economy, and next year we’re looking

for 1.5 percent growth, but it’s slowly declining," she says.

Still, employment will remain strong for the next several years.


a lot of information from companies that say they’re planning to


she says. In a recent report, REAS anticipates another 56,600 new

jobs in the year 2000, down only slightly from 1999, which saw 65,900

new positions created in New Jersey.

Most of New Jersey’s new jobs will be in the service industry, with

one exception: REAS anticipates that the business services industry,

which includes programmers, technology consultants, and personnel

companies, will contract as demand fueled by recent Y2K problems


"I expect business service growth will flatten and possibly even

decline after 2001," says Mantell. "Although I don’t expect

fewer programmers to be hired, they’ll be hired inside a company


than outsourced for a specific problem."

Previously an economist at Data Resources and Wharton Econometrics,

Mantell has been with Rutgers for eight years. One of her favorite

assignments was projecting how fast EZ Pass would catch on in the

city’s bridges and tunnels, a project conducted for the Metropolitan

Bridge and Tunnel Authority. "We projected that the bridge where

EZ Pass would catch on the fastest is the Henry Hudson, because a

lot of commuters use it and not many others do. The other one is the


The daughter of an economist who worked for what is now Solomon Smith

Barney, she received a BA in economics from the University of


Class of 1966. She now lives in Scarsdale.

Part and parcel of business growth, says Mantell, is an upward trend

in consumer buying power. Personal income is expected to grow 6.1

percent before dropping to an average gain of 5 percent between 2000

and 2004. This, says Mantell, may be the result of the new world


"Companies seem to be holding down their prices," she says.

"We live in a world market now; people fear that raising prices

may mean you won’t be competitive."

If there is an eventual economic downturn, Mantell urges frugality.

"If you think there’s a chance that the expansion won’t continue,

you would essentially be more conservative in your hiring and


so that you can protect your position. If you do that you’re


the expansion from continuing at the current rate, but you’re


your own business."

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Entrepreneurs’ Forum

At the New Jersey Entrepreneurs Forum on Thursday,


13, at 6:30 p.m., John Freyhof of Venture Bank will address

"Venture Borrowing Techniques," and Richard A. Maloy


of Maloy Insurance at 228 Alexander Street, will discuss his new


venture. Maloy Insurance provides risk management and insurance


services and specializes in the information technology and life


industries (E-mail: The meeting will be held

at McAteer’s Restaurant, on Easton Avenue in Somerset. Cost: $45.

Call 908-789-3424.

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Volunteer Workshops

Register now for "Community Works: Workshops for

Volunteer Development," to be held Thursday, January 27, 5 to

9:15 p.m. at the Princeton University’s Woodrow Wilson School.


by Rotary Club of Princeton and organized by a committee headed by

Marge Smith, it costs $22 including a box supper. Each participant

can take two workshops from a list that includes using the Internet

for your non-profit organization, managing conflict, asking for money,

public speaking, building an active board, fundraising, accessing

foundations and corporations for funding, nuts and bolts of a press

release, marketing your image, motivating volunteers, and


projects. Those who register early get first priority on their


Call 609-924-8652 for a registration form.

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NJCAMA for 2000

<B>Randy Weidenaar, president of Ergo Marketing

Communications, will speak on "How to Design Better for New Year

Audiences" at the meeting of the New Jersey Communications,

Advertising & Marketing Association (NJCAMA) on Tuesday, January 11,

at 11:30 a.m. at the Doral Forrestal. Co-founder of his communications

firm, Weidenaar has a background in European design, and he will

discuss what’s new in design trends, and what old approaches should be

thrown out. Cost: $35. Call 609-890-9207.

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Princeton Adult School

From hiking New Jersey’s trails to searching for life

in the galaxy, Princeton Adult School offers a variety of classes.

Right now, registration is underway for the Winter/Spring semester,

which begins on February 1. New courses cover using the Internet as

a travel resource, preparing dinner parties, and making career


There are also 27 language courses.

Princeton Adult School has been offering classes for 60 years. Classes

are held Tuesday and Thursday evenings at Princeton High School.


registration is Tuesday, January 11, at 7 p.m. Call 609-683-1101.

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Call for Entries

NJ CAMA is asking individuals, companies, and


to submit their advertising, communications and marketing creations

for the Astra Awards. Categories include sales (such as


ideas), direct marketing, newspaper advertising, web site design,

radio and television, as well as multimedia campaigns and public



Entries must have been conceived and created within New Jersey, and

must have appeared for the first time in the media between January

1 and December 31 1999. The deadline is Tuesday, January 11. Late

entries will be accepted until Tuesday, January 18, with an additional

fee. Call 732-329-9579 for eligibility requirements.

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Contracts Awarded

The Community Health Law Project, New Jersey’s legal

aid society for people with disabilities and the elderly, has been

awarded $300,000 over three years from the federal Department of


and Urban Development. "These dollars will enable us to identify

and pursue cases of discrimination in which residential dwellings

are not built in compliance with federal and state law and are thereby

inaccessible to persons with mobility impairments," said David

Lazarus, director of litigation for the organization. Call


Top Of Page

Donations are being accepted by KidsBridge Children’s

Cultural Center in Trenton, an organization that creates hands-on

exhibits for kids between the ages of 2 and 12 that help teach


like energy, science, tolerance, publishing, and more. The donations

will go towards eight new exhibits that will sit in the redeveloped

the Roebling building on Route 129. Call 609-396-4300 or E-mail

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