Be sure to read our: Current Newsletter
Also, take a moment to read the NJBIN Spring Newsletter which features a segment on the BDI: http://www.nbia.org/njbin/may11/
Helo Holdings, Inc. (HHI) opens first Helicopter-Only FBO in the Metro NY/Manhattan Market
The Northeast corridor, and especially Manhattan, is the busiest helicopter environment in the world. In early January 2010, Helo Holdings Inc. opened the first new commercial heliport in more than 30 years - aimed squarely at the turbine helicopter community. The 7.26 acre “Helicopter-Only” FBO, is located in Kearny, NJ (one half mile from exit 15E NJ Turnpike) and just 2 minutes flying time from Manhattan. It offers 28,000 sq. ft. of hangar space, 10,000 sq. ft. of lease-able hangar and administrative offices, ample landing and parking (up to 12 outdoor helicopter parking spaces), full maintenance services, a pilot friendly amenities building and a 24,000 gallon fuel facility with two “hot” refueling pads. The barriers to developing a Helicopter FBO traditionally have been obtaining the necessary “special use” zoning and government approvals. Helo Holdings Inc. has overcome these hurdles, recently receiving both its “Certificate of Occupancy” from the Town of Kearny and its Certificate of License from the New Jersey Department of Transportation. Metro NY helicopter operators and pilots will enjoy significant fuel and ferry cost savings by using the HHI facility. Itinerant helicopter operators from points outside the NY area will find an amenity rich heliport to wait for their customers, and very competitive fuel prices in a facility convenient to Manhattan. HHI has leased offices at BDI for the past two years while the FBO was being developed. Jim Foster, President of Helo Holdings and one of the developers of the project noted “We are very grateful to Gina Boesch and her staff for the assistance they have given us as the project has worked its way through the regulatory hurdles.” Helo Holdings Inc’s operating partner, the Analar Corporation, has signed an agreement to bring four of its twin turbine helicopters from its current base in Princeton, NJ, making it one of HHI’s anchor tenants. Analar, an Argus Gold designated company is engaged in helicopter charters, fractional ownership, helicopter management, maintenance, consulting and sales in the New York City area, and has flown more than four million miles and 120,000 passengers. For information, contact: Helo Holdings, Inc., 165 Western Ave. Kearny, New Jersey 07032; 973-813-2300, or see http://www.hhiheliport.com/ .
FILM SCREENING AT NJCU
BDI graduate company mutationengine continues to make headlines
“War Against the Weak,” an award-winning documentary about the American
NJCU receives HUD grant for BDI Initiativeto foster local Enterprise and Economic Development
New JerseyCityUniversity(NJCU) has been awarded a U.S. Department of Housing and Urban Development (HUD) Hispanic-serving Institutions Assisting Communities (HSIAC) grant, effective October 1, 2010, in the amount of $599,916. NJCU is among eleven Hispanic-serving institutions across the country that successfully applied for the highly-competitive grant. The federal funding will support the E2(Enterprise and Economic) Development Initiative, which is a public-private partnership spearheaded by BDI in partnership with Rising Tide Capital, a 501(c)(3) non-profit organization specializing in micro-enterprise development focused on distressed areas of Jersey City. The initiative will significantly enhance economic development activities in the community, particularly among low- and moderate income (LMI) entrepreneurs. Dr. Carlos Hernández, NJCU president, commented on the significance of the grant award to the University and the Jersey City community, saying: "This HUD award is a catalyst that will enable a creative public/private partnership to bring about tangible benefits to our community through economic development and home-grown enterprise initiatives." E2will employ a combination of proven strategies and best practices and twelve NJCU students will be placed as interns with the new enterprises over the course of three-years. E2will also leverage resources from a number of governmental and private partners, including the Hudson County Workforce Investment Board, the Small Business Development Center, the Jersey City Enterprise Development Corporation/UEZ, and TD Bank.
Our Accounting Service launched from BDI
Our Accounting Service, LLC ("OAS") was launched from BDI in September 2010 with seven employees to larger offices in Montvale, NJ. OAS eliminates the burden of bookkeeping and allows its clients the freedom to focus on their business. The company provides a user-friendly, outsourced bookkeeping solution to their clients, most of whom are small to medium not-for-profits. The Company cannot access clients' cash or checks, thus eliminating fraud while all information is available 24/7 via their secure server. Quoting OAS Principal David Beyth: "I can't express enough how much we appreciate all the help and assistance BDI gave us over these past 3 years. From the accommodations to the seminars (especially the Donna Miller workshop!); we absolutely couldn't have done it without you and we will be forever grateful for all your help."
MET-Tech launched from BDI to offices in Jersey City
MET Tech Inc. was launched in May 2010 to larger facilities near the Liberty Science Center in Jersey City. MET Tech is developing a unique suite of inertial sensors capable of high performance in a small, rugged, package at low cost compared to competing products. The company is negotiating agreements with two major geophysical companies to finish development, produce, market and distribute a seismic sensor for oil and gas exploration in the US and internationally. The sensor was showcased at the annual meeting of the Society of Engineers and Geophysicists in October 2009 in Houston, TX. The relocation will enable the company to expand and set up prototyping and testing facilities. MET Tech has been at BDI since July 2007 and has grown from a one-person operation to a viable company with the staff of six, including two PhDs.
The Whale Hunters team visits BDI in May 2010
The Whale Hunters is a sales strategy coaching company that helps smallbusinesses grow faster by making biggersales to bigger customers. Based on a proven sales and business development process, a national network of managing partners provides local chapters to coach business owners and executives, an online community, workshops, and consulting services. Margie Traylor is CEO of The Whale Hunters and is also CEO of Sitewire, a successful marketing agency based in Tempe, AZ, working with top brands like Sears, Olive Garden and Red Lobster. Raylie Dunkel is president of the Brinkerhoff Group and a Certified Regional Partner of The Whale Hunters. She has served on many committees and commissions advocating for women and small businesses and has been a delegate to the White House Conference on Small Business.
NJAWBO adds a Hudson County Chapter naming Wendy Oliveras as the Chapter President
The New Jersey Association of Women Business Owners (NJAWBO) will complete its statewide coverage with the introduction of a Hudson County chapter, according to Paula Gould, executive director. Gould said the members of the new chapter include some who have participated through other chapters in the state. More members will be sought by collaborating with established local business groups and the chambers of commerce in Hudson County. Gould continued: "Hudson County's community of women-owned businesses is growing! It's a very diverse community, not only ethnically, but in their businesses. You have professionals, you have retail and you have service."
The chapter in formation will launch April 28 in Jersey City with Wendy Oliveras as chapter president. As president, Wendy Oliveras, Founder & CEO, Oliveras & Company, Inc. (a BDI company) is excited about the opportunities: "As unique and diverse as Hudson County is, my goal is to help build a successful chapter which will set a remarkable precedent for future members to follow." The Hudson Chapter will become the 14th chapter serving women business owners throughout the state. It is in close proximity to New York City, and includes Bayonne, Jersey City, Hoboken, Union City, and eight other cities.
BDI Entrepreneurs are Panelists at an "Intro to Business" class
BDI company partners with Chemistry Department at NJCU
VectorGen Founder/CEO Laura Prendergast is working closely with Dr. Ze He of the Chemistry Department in "proof of concept" experiments to develop vector gene therapy technologies that combat viruses that afflict humans. The goal is to introduce genetic material into human cells that destabilize the infectious virus' ability to reproduce. DNA has been received from the Dana Farber Cancer Institute at Harvard Medical School and the University of Southern California and has been successfully cloned in the Chemistry Department under the guidance of Dr. Ze He (in blue lab coat) and senior year students Jennifer Della Vecchia of East Rutherford and Jun Giraldo of Ridgefield Park, both biology majors. The intent is to submit a proposal to the National Institutes for Health for a Phase I Small Business Innovation Research grant for work in the area of vector gene therapy.
NJCU alumni and company CEO's discuss Entrepreneurship and business ownership with NJCU students:
Helen Dao of Dao Consulting Inc., Justin Strawhand of mutationengine, LLC and Alicia Azucar of AIA Credentialing LLC - all NJCU alumni - discuss the opportunities, rewards and challenges of Entrepreneurship with students from the "Intro to Business" course. This has become a BDI tradition! After a lively exchange of practical advice mixed with humor, two words summed up the "must have" qualities to go it on your own – passion and perseverance!
On September 24, BDI and the NJCU Office of Alumni Relations hosted a luncheon to celebrate Entrepreneurship and the creation of the NJCU Student Entrepreneur Society (SES) to foster entrepreneurial learning through the exchange of ideas and the formation of relationships among students, alumni, faculty, industry and government. The event was attended by more than 60 guests, including NJCU President Carlos Hernandez, BDI companies, NJCU alumni, students interested in entrepreneurship and community leaders. The keynote speaker, Robert W. Larson, Jr '74, President of Berman, Larson Kane, spoke about "Entrepreneur Decision Dichotomies" illustrating his talk with decisions he had made along the way, both right and wrong! Prof. Leonard Nass, Associate Professor, Business Administration, will advise SES in creating a resource that provides a broad view of entrepreneurship, its challenges and opportunities.