Business & Finance

Tax Reform Prompts Patriots’ Owner Steve Kalafer to Reward Employees with $500 Bonus

457bb9d027d386dad678_sompixpatskalafer_lyle__1_.jpg
Steve Kalafer, left, owner of the Somerset Patriots, talks with Sparky Lyle, manager emeritus, in front of the dugout at TD Bank Ballpark in Bridgewater. Credits: Rod Hirsch
457bb9d027d386dad678_sompixpatskalafer_lyle__1_.jpg

BRIDGEWATER, NJ – Somerset Patriots’ owner Steve Kalafer is awarding each of his full-time employees a $500 bonus because of the recently passed Federal tax reform and corporate tax reduction.

“It’s simple Economics 101,” Kalafer said. “We believe this is the right thing to do. Reinvesting tax savings in our employees and our businesses will make our communities and America stronger,” he added.

“The bottom line is that instead of the Somerset Patriots sending their money to Washington, they are able to reinvest in their most important assets – employees, customers and products. There only so much money out there - Washington doesn’t get it, your community gets it,” Kalafer said.

Sign Up for E-News

“The tax cuts were meant to reduce corporate tax burdens so that proper, equitable shares would go to employees and investment,” he explained. “You will have grateful employees, greater profits and the community will benefit.

“Our associates are our most important asset as they serve our fans and sponsors every day to the highest level of customer satisfaction,” Kalafer added. “Their commitment is extraordinary.” 

Kalafer purchased the Patriots more than 20 years ago. The Atlantic League franchise, which plays its home games at TD Bank Ballpark, has since grown to be the most successful franchise in the eight-team league in terms of championships and attendance.

Kalafer also founded Flemington Car and Truck Country in 1976, just a few years after graduating what was then Rider College (now university). The original dealership, Ditschman Ford, has since grown into an expansive cluster of 17 American and foreign auto/truck dealerships at eight locations along Routes 202/31 in Flemington.

Kalafer has several hundred employees. He  is active in the community, serves on corporate boards and is a longtime philanthropist. He also has extensive real estate investments throughout New Jersey and a private equity business.

“We call on all of the auto manufacturers we work with to help drive economic growth by giving back to the communities where they employ and invest with appropriate employee bonuses and by creating new jobs with their new capacity for additional capital expenditures,” Kalafer said.

Flemington Car and Truck Country will also be announcing a series of facility upgrades enabled by the new tax law passed by Congress and signed into law by President Trump last month, according to Kalafer.

“My employees are my most valuable assets,” Kalafer said. “Should they not be rewarded when your expenses are reduced?”

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Basking Ridge

New Initiative Aims to Bolster Police-Community Relations; First Meeting in Somerset County is May 2

April 21, 2018

SOMERVILLE, NJ - Earlier this month Attorney General Gurbir S. Grewal announced a new statewide initiative geared towards promoting stronger police-community relations. 

The 21-County, 21st Century Community Policing Project, or the “21/21 Project” aims to bring community stakeholders together in every county for town hall meetings, roundtable discussions and other outreach ...

Travels Spotlight - New Brunswick Ciclovia opens 2018 Season

April 18, 2018

NEW BRUNSWICK  – New Brunswick Ciclovia will open its 2018 season on Sunday, April 22 for another fun day of open streets and active living for all. 

Now in its fifth year, New Brunswick Ciclovia is a family-friendly event that emphasizes healthy living and community building by opening our streets and offering programming for all to enjoy. From 11 a.m. to 4 p.m., more ...

Upcoming Events

Sun, April 22, 9:00 AM

White Oak Park, Branchburg

Raritan Valley Habitat Youth Rainbow Run

Giving Back

Sun, April 22, 1:00 PM

Farmstead Arts Center, Basking Ridge

Artists Showcase Reception

Arts & Entertainment

Imagine Holds Annual Board Retreat

April 21, 2018

Imagine, A Center for Coping with Loss held its annual board retreat on Saturday April 14th at its center in Mountainside.  "It was a valuable, thought-provoking, and educational day for all of us," said John Toriello, Chair of Governance.  "The board and staff worked together to establish the goals of the retreat and facilitate the agenda.  It was a great team ...