Morris County Chamber of Commerce
  • JOIN
    • Become a Member
    • Premier Membership
    • Membership Inquiry
    • The Value of Membership >
      • Grow Your Business
      • Build Your Brand
      • Professional Development & Education
      • Government Advocacy
      • Community Outreach & Volunteering
    • New Member Survey
  • About
    • Chamber Team
    • Our Mission
    • Our President
    • Board of Directors
    • Morris Business Cabinet
    • Ambassadors Council
    • What Members Are Saying >
      • Share a Testimonial
    • Frequently Asked Questions
    • Forums & Committees >
      • Business Development Forum
      • Business Strategy Exchange
      • Health & Wellness Forum
      • Human Resources Committee
      • Not For Profit Roundtable >
        • Nonprofit Donations
        • Not For Profit Conference Scholarship App
      • Real Estate Forum
      • Tech Trends
      • Women in Business Program
      • Young Professionals Forum
      • Monthly Agenda Submission Form
    • Code of Conduct
  • Membership
    • Member Benefits
    • Member to Member Deals
    • Member Exchange Online Community
    • Member Marketing Opportunities
    • Grand Opening Support
    • Conference Room Usage
    • Member Referral Bonus
    • Connect to Morris Job Bank
  • Events
    • Chamber Event Calendar
    • Member Events Calendar
    • COVID-19 Safety
    • Signature Events & Programs
    • Submit an Event Idea
  • Directory
    • Searchable Business Directory
    • Member Spotlights
    • Nonprofit Organizations >
      • Not for Profit Spotlight
    • Legal Resources >
      • Employment Law
      • Commercial Services
      • Business Representation
      • General Legal
    • Enhance Your Directory Listing
  • News & Info
    • Certificate of Origin
    • Business Resources
    • Chamber Magazines
    • News Around the Chamber >
      • Around the Chamber Archive
      • Submit a Press Release
      • Submit a Neighbors Helping Neighbors Story
    • MCCC Blog >
      • Contribute to Our Blog
    • MCTV Let's Talk
    • Actionable Advice Video Library
  • Programs
    • Economic Development Corp
    • EDC Business Counseling
    • Public Policy Series
    • Leadership Morris >
      • Leadership Morris FAQs
      • Leadership Morris Application
      • Leadership Morris Program
      • Leadership Morris Alumni Council
      • Renew LMAA Membership
    • Women In Business >
      • Women in Business Mastermind
      • Women in Business Executive Round Table
      • Women in Golf Program
    • Entrepreneur Round Table
    • Intern Morris >
      • Available Internships
      • Hiring An Intern?
      • Hire an MCVSD Intern
    • Thrive Morris
  • Member Portal

MCCC Blog

Click Here to submit an article for our blog. 
Note: The views and opinions expressed here are those of the authors and do not necessarily reflect the position of the Morris County Chamber of Commerce.

Morris County Rises To Meet The Silver Tsunami

5/15/2020

 
Picture
By Christopher Reardon
​Approximately 10,000 baby boomers are retiring every day. The number of Americans aged 65 and older is projected to nearly double from 52 million in 2018 to 95 million by 2060, increasing from 16 percent of the U.S. population to 23 percent, according to the Population Reference Bureau. As a result, there could be more than a 50 percent increase in the number of Americans aged 65 and older requiring eldercare, the demand for which also will be driven by a steep rise in the number of Americans living with Alzheimer’s disease, the bureau states.
“The Silver Tsunami is upon us and it’s growing even stronger,” said Mike Stanzilis, vice president of membership at the Morris County Chamber of Commerce, who has seen a noticeable increase in
eldercare service providers joining the chamber. “The businesses associated with that are growing at a rate reflective of the largest generation ever to reach retirement age.” The eldercare service industry comprises skilled nursing facilities, home health care agencies, social services agencies, continuing care facilities and assisted living facilities, according to market research firm Freedonia Group. Revenues for these elder care service providers were expected to grow 6.3 percent per year, to near $400 billion in 2018, Freedonia reports.

Stanzilis has seen a particular growth in both in- home eldercare businesses and independent/assisted living facilities in the chamber. Unicity Healthcare provides in-home eldercare services through Unicity Homecare and aging planning and implementation solutions through Unicity Senior Advisors. “We provide a holistic approach to the family’s and individual’s needs and address those to fit the specific needs of the senior,” said Laura Jeros, the company’s director of business development. She said people living longer and being discharged from hospitals and rehab facilities earlier than in the past is leading to a 40 percent annual increase in demand for their services. “We’re seeing an increase in demand for multiple services in the home setting.” Back Home Safely provides in-home modification services to allow elderly to age at home. Co-founders Karen and Gregg Frank are a physical therapist and occupational therapist/certified aging-in-place specialist, respectively. The firm offers free home assessments and installs mobility and safety enhancement equipment such as chair lifts, ramps, grab bars and bathroom modifications.

The company went from 937 installation jobs in 2016 to 1,259 in 2019, numbers which do not include free assessments. “We felt someone who understands disabilities should be part of the home modification business,” Karen Frank said. “Our goal is to allow individuals to return home after a medical episode or simply to age in place in the home they love.” Sunrise Senior Living/Bright Gardens operates four facilities in Morris County offering independent living, assisted living and Reminiscence (Alzheimer’s) care. They also offer rehabilitative and respite care and short-term stays. Each of their facilities can accommodate between 80 and 120 resident.

Sunrise’s independent living communities offer on- call assistance and a variety of services while its assisted living facilities provide 24-7 services and social activities within a community setting. While Sunrise does not release growth data, Tracy Fishel, area manager of business development, said, “The increased need for memory care services is a  trend that we expect will continue for the foreseeable future. Every 65 seconds, someone in the U.S. develops Alzheimer’s, according to the Alzheimer’s Association. We’re proud to offer assisted living and Reminiscence programming within the same building at many of our communities, so residents can age in place.” Sycamore Living is a new facility set to open this spring offering assisted living and memory care, post- acute rehabilitation and long-term care services.

Sycamore is somewhat unique in that its projected 125 residents will live in neighborhoods of 18-22 members, with a centralized Main Street area offering dining, a wellness center, a movie theater and a virtual reality room to stimulate brain activity, according to Bruno D’Uva, managing partner. “It’s  kind of like living in a bed and breakfast among a small group of people,” he said. “This allows our residents to feel more interactive…We feel it’s a healthier environment.” There are benefits to Morris County from this growth in eldercare, according to  Meghan Hunscher,  president of the Morris County Chamber of Commerce, who noted that the county is even drawing elderly from New York City. “The good news is it’s fulfilling a need, it’s creating tax revenue for communities and it’s creating jobs,” she said. “Plus, you can care for a parent closer to home, which increases productivity in the workplace.”

Comments are closed.

    Archives

    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    March 2020
    February 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019

    Categories

    All
    Around The Chamber
    Business Advice
    Business Development
    Business Edge Magazine
    Chamber News
    Coaching
    Entrepreneurs
    Events
    Finance
    Government Affairs
    Health & Wellness
    IT
    Leadership Morris
    Legal
    Manufacturing
    Marketing
    Message From The President
    Nonprofit
    Real Estate
    Sales Strategy
    Seniors
    Strategic Planning
    Women In Business

    RSS Feed

    Please Note: The views and opinions expressed here are those of the authors and do not necessarily reflect the position of the Morris County Chamber of Commerce.
Picture
JOIN Us   |   CONTACT Us  |  LEARN About Membership  |  REGISTER for Events  |  FIND a Member Business  |  READ our Magazines  |  LEAD Morris |  FAQ

Picture
325 Columbia Turnpike, ​​Suite 101
Florham Park, NJ 07932 

​973.539.3882 | CONTACT US | ​MAP
If you plan to stop by, it's best to make an appointment to ensure that someone will be available for you.
The Power of Connection!  Your membership connects you to valuable resources, opportunities for business growth and rewarding relationships with members across the region, in-person and virtually. And you don't need to be based in Morris County to join!  Your membership investment provides a stable foundation that enables us to serve the people who power Morris County's businesses and community.
STAY CONNECTED: ​SIGN UP FOR UPDATES!
Socialize with Us!
Site Map

ECONOMIC DEVELOPMENT
Picture
TOURISM BUREAU
Picture
PROUD MEMBER OF
Picture
PROUD MEMBER OF
Picture
PROUD MEMBER OF
Picture
PROUD MEMBER OF
Picture
PROUD MEMBER OF
Picture

©2023 Morris County Chamber of Commerce  |  A 501(c)(6) nonprofit membership organization
  • JOIN
    • Become a Member
    • Premier Membership
    • Membership Inquiry
    • The Value of Membership >
      • Grow Your Business
      • Build Your Brand
      • Professional Development & Education
      • Government Advocacy
      • Community Outreach & Volunteering
    • New Member Survey
  • About
    • Chamber Team
    • Our Mission
    • Our President
    • Board of Directors
    • Morris Business Cabinet
    • Ambassadors Council
    • What Members Are Saying >
      • Share a Testimonial
    • Frequently Asked Questions
    • Forums & Committees >
      • Business Development Forum
      • Business Strategy Exchange
      • Health & Wellness Forum
      • Human Resources Committee
      • Not For Profit Roundtable >
        • Nonprofit Donations
        • Not For Profit Conference Scholarship App
      • Real Estate Forum
      • Tech Trends
      • Women in Business Program
      • Young Professionals Forum
      • Monthly Agenda Submission Form
    • Code of Conduct
  • Membership
    • Member Benefits
    • Member to Member Deals
    • Member Exchange Online Community
    • Member Marketing Opportunities
    • Grand Opening Support
    • Conference Room Usage
    • Member Referral Bonus
    • Connect to Morris Job Bank
  • Events
    • Chamber Event Calendar
    • Member Events Calendar
    • COVID-19 Safety
    • Signature Events & Programs
    • Submit an Event Idea
  • Directory
    • Searchable Business Directory
    • Member Spotlights
    • Nonprofit Organizations >
      • Not for Profit Spotlight
    • Legal Resources >
      • Employment Law
      • Commercial Services
      • Business Representation
      • General Legal
    • Enhance Your Directory Listing
  • News & Info
    • Certificate of Origin
    • Business Resources
    • Chamber Magazines
    • News Around the Chamber >
      • Around the Chamber Archive
      • Submit a Press Release
      • Submit a Neighbors Helping Neighbors Story
    • MCCC Blog >
      • Contribute to Our Blog
    • MCTV Let's Talk
    • Actionable Advice Video Library
  • Programs
    • Economic Development Corp
    • EDC Business Counseling
    • Public Policy Series
    • Leadership Morris >
      • Leadership Morris FAQs
      • Leadership Morris Application
      • Leadership Morris Program
      • Leadership Morris Alumni Council
      • Renew LMAA Membership
    • Women In Business >
      • Women in Business Mastermind
      • Women in Business Executive Round Table
      • Women in Golf Program
    • Entrepreneur Round Table
    • Intern Morris >
      • Available Internships
      • Hiring An Intern?
      • Hire an MCVSD Intern
    • Thrive Morris
  • Member Portal