Route 40 (https://rtforty.com/category/news/business/page/3/)
South Jersey business news for Atlantic City and its surrounding suburbs.
DCO Energy, a company controlled by the Jingoli family, won a six-month contract to report on the feasibility of establishing a “microgrid” to support Atlantic City facilities in the event of a regional electrical grid failure.
At the end of October we sat down with Mark Ganter of Little Water Distillery for a live interview. It was the second episode in our Business Bootcamp series, which showcases the stories of local business owners and provides networking opportunities for entrepreneurs in the South Jersey area. In this recording of the event, you’ll hear Ganter talk about the challenges that Little Water Distillery faced in finding their Atlantic City location, bringing their first products to market and balancing their need to follow their business plan with their interest in supporting community events. Ganter also has a lot of useful tips for others looking to start a business in the area, particularly when it comes to analyzing local loan and grant opportunities. Route 40 is grateful to Jake Perskie of Fox Rothschild for sponsoring the event.
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The casino formerly known as the Revel is under a “notice of settlement agreement of sale” to AC Ocean Walk, which is controlled by Denver-based developer Bruce Deifik.
Calls to Deifik and a lawyer for Revel-owner Glenn Straub were not immediately returned. Deifik is backing TEN, which has been trying to reopen the Revel since last year.
The Hard Rock Atlantic City Casino and Hotel has received a $400 million loan from its Florida-based parent, according to property documents.
Just in time for Halloween, here’s a horror film with a local connection. American Gothic, the third feature film by Ventnor-based producers Dina Engel and Sherry McCracken, will be available on cable systems’ video-on-demand platforms on Tuesday.
Sublime Seafood Company, tucked away in the corner of the Produce Junction plaza on Tilton Road in Egg Harbor Township, does an amazing fish taco. It’s also run by a guy with a heart, who is on a mission to get more people in the community to eat better food. Sublime’s owner and chef, Charles Soreth, is pitching the Sublime Seafood Club, which he hopes will both give back to a good foodie cause and get people to eat fresh fish regularly. The 12-week program will give participants two dinner-sized portions of a responsibly-sourced fish each week, plus a recipe and information on the fish. The cost is $220 (that works out to $18.33 a week) and the proceeds go to the Community FoodBank of New Jersey.
A Pennsylvania-based brewery that secured $1 million in tax credits to move to Atlantic City is hoping to hold a grand opening in the city in the spring, DeWalt Brewing Company’s owner Chris DeWalt said.
Glenn Straub’s Polo North agreed to sell the casino property known as the Revel to a group of developers that had been leasing the property and trying to reopen it as TEN. The purchasing entity is backed by Bruce Deifik, founder and president of Denver-based developer Integrated Properties.
The Hard Rock Cafe Atlantic City will lay off all of its employees when it closes at the end of this month, ahead of major renovation work to turn the site into the Hard Rock Hotel & Casino.
Two dozen local business owners gathered in Atlantic City’s Carnegie Center last night to listen to a live interview with the founder of Grace & Glory Yoga, Allie Nunzi. Nunzi, interviewed by Route 40, talked about how she started her business with under $1,000 in the bank and had to think from the beginning about making sure there were “feet on the mat.” By focusing on the people coming in the door she was able to build a sustainable business that – five years in – now includes two locations and a non-profit spinoff, The Leadership Studio.