MATRIX DEVELOPMENT'S CHIEF EXECUTIVE OFFICER, JOSEPH TAYLOR, TAPPED TO HEAD GOVERNOR JON S. CORZINE'S REAL ESTATE ADVISORY BOARD
Panel Will Advise Governor on Real Estate Issues and Enhancing
New Jersey’s Business Environment
CRANBURY, N.J. (January 19, 2009) – Joseph S. Taylor, Chief Executive Officer of Matrix Development Group, one of the New Jersey’s most active and highly respected real estate investment and development companies, has been appointed to Chair the New Jersey Real Estate Advisory Board, which was recently created by Gov. Jon S. Corzine. Taylor has been charged with leading the advisory panel with Jerry Zaro, Chief of the Governor’s Economic Growth Commission. Elite members include Joseph Bonner, Managing Director of Prudential Real Estate Investors, Mitchell Hersh, CEO of Mack-Cali, Richard LeFrak, President of LeFrak Organization, Joseph Riggs, Group President of K. Hovnanian, Emanuel Stern, Chief Operating Officer of Hartz Mountain Industries, Inc and Zygi Wilf, President of Garden Homes, among others.
Corzine created the blue-ribbon panel in December to support the initiatives of the Governor’s Economic Assistance and Recovery Plan, a multi-faceted approach implementing substantive policies and programs that promote sustainable growth. Board members will meet regularly and work with the Governor’s Office of Economic Growth as well as other state departments to encourage economic development and revitalization across the state, enhancing the state’s appeal to investors and businesses and also serving as good will ambassadors to recruit businesses to locate and expand in New Jersey.
Other members of the New Jersey Real Estate Advisory Board include representatives of academic, banking/lending, commercial, construction management, housing, industrial, law, office, trade organizations, retail, risk management, broker/dealers and investor sectors.
“There is no doubt that we are in the midst of a major financial crisis, not just here in New Jersey, but throughout the country. But that does not mean that we are immobilized in our efforts to help attract, maintain and grow business in New Jersey, creating opportunities and new investment for the entire region,” Taylor said. “It is an honor to be appointed to head this distinguished group. I am confident that we will be able to help the Governor meet his goals of creating jobs, revenue and economic stability even in these challenging times.”
Taylor has served as the President and Chief Executive Officer of Matrix since 1987. Under Taylor’s leadership, the company has grown into one of the most prominent real estate investment companies in the Northeast and has seen a significant economic influence in the New Jersey marketplace. Matrix is active in the commercial, industrial, urban, residential, mixed-use, and golf and hospitality markets throughout the Northeast and Mid‑Atlantic region. They have developed more than 5 million square feet of office, 20 million square feet of industrial and several thousand residential units.
Matrix Development Group
Matrix Development Group is a privately held, full-service real estate investment and development company with offices in New Jersey and Pennsylvania. The Company is active in the commercial, industrial, urban, residential, and golf and hospitality markets throughout the Northeast and mid-Atlantic regions. Since its founding in 1979, the Company has developed real estate valued in excess of $1 billion and has been recognized for its leadership by numerous charitable, community and real estate organizations.
For more information on Matrix Development Group, please contact the Company’s Cranbury, New Jersey office at 732-521-2900 or visit www.matrixcompanies.com.