Microeconomic Insights: How Tax Rates Influence the Migration of Superstar Inventors The following was published on Microeconomic Insights on May 24. The authors are Ufuk Akcigit (University of Chicago), Salome Baslandze (Einaudi Institute for Economics and Finance), Stefanie Stantcheva (Harvard University): To what degree do higher taxes induce valuable and highly skilled individuals to relocate? The fear is that raising taxes will lead to a “brain drain.” This research shows that the most innovative individual inventors are significantly affected by top tax rates when deciding where to live. Additionally, if the average country decreased its top tax rate, it would attract many more foreign superstar inventors to the country.

Business 101: Rowan President Ali Houshmand Thinks More Like a CEO Than a University President Dr. Ali Houshmand doesn’t understand why all college degrees need to take four years to achieve. Why the school year is still based on a fall-spring calendar that was established more than two centuries ago. Why internships aren’t a bigger part of every student’s education. Why students too often are taught abstract ideas they can’t apply rather than practical concepts that lead to jobs. And why the United States, despite having the finest colleges and universities in the world, is not producing enough of the graduates for its workforce and its future.

2017 NJBIA State ELC Gubernatorial Reception The NJBIA Employer Legislative Committee (ELC) Reception is a long-held and very special tradition. It is always the first major event following the primary election and offers the newly chosen Democratic and Republican gubernatorial nominees the chance to address you, the state’s business leaders. Candidates showcase both their platforms and themselves in a setting that allows for maximum interaction and networking. High-level players, policy wonks and the media converge to make this an event unlike any other.

AT&T Invests Nearly $1.4 Billion Over 3-Year Period to Enhance NJ Local Networks AT&T reports it has invested nearly $1.4 billion in its New Jersey wireless and wired networks from 2014-2016. These investments drive a wide range of upgrades including reliability, coverage, speed and overall performance for residents and businesses, according to the company. They also improve critical services that support public safety and first responders. In 2016, AT&T made nearly 1,300 wireless network upgrades in New Jersey, including new cell sites, the addition of network capacity, and site modifications to enhance coverage and capacity.

NJBIA At Issue: NJ’s Innovation Ecosystem Taking Shape According to Melanie Willoughby of NJBIA, “In today’s business world, anyone with a car can be a taxi-cab company, anyone with a house can be a hotel, and we all can walk around with desktop computers in our pockets. Few people predicted these developments, but those who shape their organizations to be innovative are in a stronger position to take advantage of whatever changes are in store in the future.”

Delran STEM Ecosystem Alliance Named to National STEM Learning Ecosystem The newly-formed Delran STEM Ecosystem Alliance has just been selected to join the STEM Learning Ecosystems national initiative to make a significant impact on STEM education and workforce development. As announced at the U.S. News STEM Solutions National Leadership Conference today, Delran Township is one of 17 regional Ecosystems added to the national Initiative, which now encompasses 54 communities.

NJIT and Mercer County Community College Establish Academic Partnership New Jersey Institute of Technology (NJIT) and Mercer County Community College (MCCC) in West Windsor Township have signed a joint agreement designed to improve student access across the two higher-education institutions. The 2+2 Connect Articulation Agreement will enable MCCC students to earn a Bachelor of Science in civil engineering from NJIT while studying almost entirely at MCCC’s campus.

At AAUW of NJ’s Teentech Program, Young Women Told “We Need All of You in Science” “I want to go to space,” said Amber Densten, as she waited with classmates to begin a science workshop during the American Association of University Women (AAUW) of New Jersey’s Teentech program at Stockton University. Densten is only a freshman at Burlington County High School, but she already knows that she wants aerospace engineering in her future. “I like space and thinking about going to other planets,” she said. For a school project, she developed a settlement plan for humans to live on Mars.


Upcoming Events


CIANJ’s Healthcare Roundtable: Bringing a New Medicine To Market

When: Wed, June 7, 8am – 10am
Where: Celgene Corporation 181 Passaic Ave. Summit


The Internet of Things Topic: Disaster Mitigation
When: Thu, June 8, 7:30am – 12:30pm
Where: Kean University

NJ Tech Council’s CFO Awards Breakfast
When: Fri, June 9, 7:30am – 10:00am
Where: Forsgate Country Club, 375 Forsgate Dr, Monroe Township
Women in STEM Summit — Sponsored by Million Women Mentors (MWM) New Jersey
When: Fri, June 9, 8:30am – 1:30pm
Where: Cisco Systems, 111 South Wood Avenue, Woodbridge Township


Students 2 Science to Host Inaugural ‘Biotech Observation Day’
When: Fri, June 9, 1pm – 3pm
Where: S2S at the East Hanover Technology Center, 66 Deforest Avenue, East Hanover


2017 Women’s Healthcare Innovation and Leadership Showcase (WHILS)
When: Wed, June 14, 11:30am – 7:30pm
Where: Rutgers University – Robert Wood Johnson Medical School, Kessler Teaching Building, 683 Hoes Lane West, Piscataway


NJEN’s Annual “Gathering of Angels”
When: Wed, June 14, 11:30am – 3:00pm
Where: Kean University, STEM Building,1075 Morris Avenue, Union