Business & Finance

Mayor-Elect Sayegh Addresses Chamber of Commerce

76523b1a0ab9f5b30190_35066F40-895B-4FF6-985E-33C2B5C8AFE8.jpeg
Mayor-Elect Sayegh addressed the Greater Paterson Chamber of Commerce at a lunch held at Hamilton & Ward Steakhouse Credits: Steve Lenox
0aff5c13b12bddf9515a_7C64EBED-C7DB-401E-A495-0067A568E290.jpeg
Mario Tommolillo, long time owner of Classic Auto Body, asked Sayegh about efforts to encourage the NJDOT to do a better job maintaining the area around state highways Credits: Steve Lenox
e792aa141a06419f1a13_2B41FD16-C32C-45AF-99BB-AEC3D34218F5.jpeg
Credits: Steve Lenox
41c1a4cb8d15cfa4af2a_377E8EE1-2F59-408B-8550-45BCBE583BCF.jpeg
Credits: Steve Lenox
56d9bc7e9e2af57f8fa8_B13CB3B0-2F9D-498F-A489-750B3D320B07.jpeg
Credits: Steve Lenox
76523b1a0ab9f5b30190_35066F40-895B-4FF6-985E-33C2B5C8AFE8.jpeg

PATERSON, NJ- With an appointment looming for his third meeting with Governor Murphy since his May election later in the day, Mayor-Elect Andre Sayegh addressed more than 50 members and guests of the Greater Paterson Chamber of Commerce at a luncheon sponsored by the North Jersey Federal Credit Union on Wednesday. 

Revealing that he actually worked for the organization as a liaison to local businesses nearly 15 years ago, Chamber President Jamie Dykes praised the incoming mayor for his “fresh vision,” calling his focus on economic development as the key to reviving the once bustling city a “great opportunity.” 

The pending meeting, Sayegh told the audience, was to urge Murphy to put his signature on legislation championed by Paterson’s legislative team to provide $130 million in tax credits that Sayegh believes will spur development through six different projects, and set the city on the path to a “renaissance” similar to those seen in Camden, Jersey City, and Newark in recent years. 

Sign Up for E-News

With the Great Falls as the “centerpiece” of economic development, and a potential target for dining, retail, and residential opportunities, Sayegh also revealed that his incoming adminstration had their sites set on, among others, the construction of a 12,000 seat arena, and projects at the currently vacant Leader Dye and former armory sites that, together, would make Paterson a “destination for the right reasons.”

The tax credits, Sayegh said, were part of a multi-pronged approach to “writing Paterson’s success story.” Recently designated Opportunity Zones which will encourage investment within several local census tracks mainly in the city’s 1st and 4th Wards, additional funding from the state including an $10.8 million in property tax relief included in the proposed budget due to be signed in the coming days, additional police hires and the expanded utilization of foot patrols, and an increased reliance on partnerships and collaboration with both Passaic County and the Board of Education will all help to “breathe new life” into every corner of the city. 

Just days away from being sworn in Sayegh closed by saying that now was the time to turn the message of an even better Paterson “into a mission” and that he’d be relying on the help of everyone in the room, and across the city, in efforts to help it reach its potential. 

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Paterson

Upcoming Events

Carousel_image_3f27a97645e7103f9868_flyer__courthouse_plaza_programs_2018-page-001

Tue, July 24, 11:00 AM

Paterson Courthouse Plaza, Paterson

Tuesdays in the Plaza

Carousel_image_36bd03e1f164df0e3d88_865afac7-7f97-498d-9578-dd9007f64da1

Wed, July 25, 5:00 PM

Barbour Park, Paterson

Graduate BBQ at Barbour Park

Education

Carousel_image_efec3d39ddc6008dd11e_4a256201-8c0a-450c-b62e-8a761d6f5b83

Thu, July 26, 6:00 PM

Vreeland Ave. Park, Paterson

Occupy Vreeland Ave. Park

Arts & Entertainment Community Calendar

Readers Says Let Developer Bring Paterson Back

July 13, 2018

Dear Editor: 

It is no secret that Paterson is in dire need of revitalizing, restructuring, rebuilding, and, quite frankly, rebranding. As a city, we have struggled to pay our municipal debt, to reduce crime substantially, to create sustainable employment opportunities for our youth and to provide assistance for our city’s most vulnerable residents. 

Today, we face an uphill ...

Murphy Administration Takes Action to Help Smokers Quit

July 19, 2018

Eliminates Prior Approval for Medicaid Tobacco Cessation Medications; Counseling Options to be Expanded

July 16, 2018

(TRENTON) – The Murphy administration on Monday announced new steps to help New Jersey Medicaid recipients quit using tobacco by making it easier to receive tobacco cessation medications and counseling.

“Tobacco use is the leading preventable cause of death ...

Pascrell, Renacci, Senators Celebrate House Approval of Congressional Gold Medal to Baseball Pioneer Larry Doby

WASHINGTON, D.C. – Today, U.S. Representatives Bill Pascrell, Jr. (D-NJ-09) and Jim Renacci (R-OH-16) hailed the passage in the House of Representatives of H.R. 1861, the Larry Doby Congressional Gold Medal Act. The legislation awards the Congressional Gold Medal to the late baseball star, Larry Doby, who broke the American League’s color barrier in 1947.

“A proud ...

Newark May Get a Boost From Investors with New Federal Program

July 22, 2018

NEWARK, NJ - Newark could soon see a boost in long-term investments due to federal legislation that created certain tax exemptions for private investors.

In April, the federal treasury department approved low-income Opportunity Zones in 75 municipalities throughout New Jersey that were nominated by Gov. Phil Murphy. Thirteen of those zones are designated in Newark.

MORE: View a ...

Newark Lures Amazon With $1 Billion Payroll Tax Incentive

NEWARK, NJ - Amazon will get a payroll tax break at a cost of $1 billion to the city should the company open its second headquarters here.

It’s one of two ordinances that were approved by the Newark City Council council to sweeten the deal for the corporate giant and stand out among other locations vying for Amazon’s so-called HQ2.

“The City Council has brought Newark a ...

RU Ready for Rutgers Football? Tickets on Sale

July 18, 2018

NEW BRUNSWICK, NJ - There's a lot of promotions planned this fall as part of the Rutgers football season.

Single game tickets go on sale Thursday, July 12, with seven home games. There's matchups against Big Ten East opponents Michigan and Penn State, and a first-time cross divisional meeting with Northwestern.

If football is not your thing, there's plenty ...

Westfield to Hold 3-Day ‘AddamsFest’ Celebrating Charles Addams and His Creations This Fall

WESTFIELD, NJ — It’s creepy. It’s kooky. And it’s taking over Westfield from Oct 26 to 28. AddamsFest, a town-wide celebration honoring Westfield native Charles Addams and his most famous creations, The Addams Family, will be a destination event this fall with family-friendly activities, lectures, exhibits and film screenings, the town announced Thursday.

Watch the ...

Belmar Parasail: Soar Into Summer with a High-Flying Adventure Along the Beachfront

BELMAR, NJ — As Belmar finally basks in picture-perfect weather, it may be time to check off a summer activity on your bucket list. And for many, parasailing is one of those “must-do” experiences.

At Belmar Parasail, the season is in full swing, offering boat trips from the Belmar Manutti Marina to the beachfront where passengers are lifted 500 feet above the Atlantic Ocean ...