EAST ORANGE, NJ – In an effort to promote additional economic development, enhance the local tax base, and create new jobs, City of East Orange representatives -- led by Mayor Lester E. Taylor III and Second Ward Councilman Romal Bullock, Chair of the Redevelopment Committee -- will travel to Las Vegas to attend RECon, the annual global conference sponsored by the International Council of Shopping Centers (ICSC). This annual event draws over 35,000 attendees at the largest retail real estate event in the world to seek out potential private partners and development opportunities for their communities.
The four-day event features educational sessions on retail and economic development issues, engaging keynotes, and myriad networking and deal-making opportunities.
“East Orange is a prime commercial location within the New York Metropolitan area . . . we have easy access to all major thoroughfares and our community is one of the most densely populated in the region. ICSC’s RECon is an opportunity like no other if you are trying to create or encourage any type of retail real estate development in your community,” said Mayor Lester E. Taylor III. “This event could be a game changer for East Orange and we are excited about further diversifying our retail investments to fulfill the expanding needs of our residents and to generate more revenue for the city.”
Founded in 1957, ICSC is the global trade association of the shopping center industry. Its more than 70,000 members in over 100 countries include shopping center owners, developers, managers, investors, retailers, brokers, academics, and public officials. The shopping center industry is essential to economic development and opportunity. They are a significant job creator, driver of GDP, and critical revenue source for the communities they serve through the collection of sales taxes and the payment of property taxes. These taxes fund important municipal services like firefighters, police officers, school services, and infrastructure like roadways and parks. Shopping centers aren’t only fiscal engines however; they are integral to the social fabric of their communities by providing a central place to congregate with friends and family, discuss community matters, and participate in and encourage philanthropic endeavors. For more information about ICSC visit www.icsc.org and for the latest news from ICSC and the industry go to www.thecenterofshopping.com.