NJ Economic Development Administration Awards $46M to 39 Companies
Trenton, NJ, November 29, 2017 — Continuing efforts to foster the growth of the State’s burgeoning technology industry, the New Jersey Economic Development Authority (EDA) announced on November 6 that 39 companies have been approved to share over $46 million through New Jersey’s Technology Business Tax Certificate Transfer (NOL) Program.
Administered by EDA and the New Jersey Department of Treasury’s Division of Taxation, this competitive program enables qualified, unprofitable technology and biotechnology companies to sell net operating losses and/or research and development tax credits to raise cash to finance their growth and operations. Continue reading
NJEDA: New Jersey Offers Small Business Grants as Complement to Trenton Economic Development Initiatives
Newark, NJ, October 6, 2017 — The availability of two new programs that will provide grants to street level businesses in designated commercial areas of Trenton and other Garden State Growth Zones (GSGZs) was announced today by the New Jersey Economic Authority (EDA) in partnership with the City of Trenton.
Created through the New Jersey Economic Opportunity Act (EOA) of 2013, GSGZs include Trenton, Atlantic City, Camden, Paterson and Passaic.
Administered by the EDA in collaboration with GSGZs, the Business Lease Incentive (BLI) and Business Improvement Incentive (BII) programs are designed to support the growth of new and expanding retail and service businesses in targeted commercial corridors. Continue reading
New Jersey Partnership for Action Leads Campaign to Entice Amazon HQ2 to State; Coordinates with 21 Counties
Trenton, NJ, September 27, 2017 — With the opportunity to bring 50,000 jobs and billions of dollars of private investment to the State, the New Jersey Partnership for Action (PFA) on September 13 formally announced its plans to submit a response to Amazon’s Request for Proposals (RFP) seeking a location for its second corporate headquarters.
Governor Chris Christie said, “We have restored New Jersey’s status as a premier location for business, a fact demonstrated by every economic indicator — from eight years of steady employment growth and rising wages, to the historic number of new businesses filing annually to open in our state.” Continue reading
NJEDA Internships Provide Real-World Experience Within New Jersey’s Innovation Ecosystem
Trenton, NJ, September 25, 2017 — As part of its commitment to developing the next generation of technology and life sciences leaders, the New Jersey Economic Development Authority’s (EDA) Technology and Life Sciences (TLS) team offered two college interns the opportunity to experience New Jersey’s vibrant innovation economy firsthand this summer.
The interns benefited from working at the EDA’s Commercialization Center for Innovative Technologies (CCIT) in North Brunswick, a nationally respected incubation facility dedicated to life sciences and biotechnology companies.
EDA summer internships offer college students multi-faceted, real-world learning opportunities designed to prepare them for a fast-paced work environment. Continue reading
NJ Economic Development Authority Launches NJ CoVest Fund to Provide Seed Capital to Early Stage Companies
Trenton, NJ, September 4, 2017 — Emerging technology and life sciences companies can now apply for seed capital through the new NJ CoVest Fund, offered by the New Jersey Economic Development Authority (EDA).
The NJ CoVest Fund is designed to fill the funding gap that occurs between product development and commercial operation expansion, while at the same time helping New Jersey companies thrive and compete in the global marketplace.
The online application is available at www.njeda.com/njcovest. Continue reading
NJ EDA to Make Additional Lab Space Available for State’s Biotechnology Companies
Trenton, NJ, August 31, 2017 — The New Jersey Economic Development Authority (EDA) on August 17 announced it will again expand its successful incubator program with the creation of the Biotechnology Development Center (BDC) on the 50-acre Technology Centre of New Jersey research park in North Brunswick.
The BDC will offer suites of intermediate lab and office space from 3,400 to 10,000 square feet for emerging life sciences companies including those that have outgrown incubator space and other early stage companies looking to expand.
More than 32,600 square feet of new space is now available at the BDC. Continue reading
NJEDA to Make Additional Lab Space Available for State’s Growing Biotechnology Companies
Trenton, NJ, August 18, 2017 — The New Jersey Economic Development Authority (EDA) yesterday announced it will again expand its successful incubator program with the creation of the Biotechnology Development Center (BDC) on the 50-acre Technology Centre of New Jersey research park in North Brunswick.
The BDC will offer suites of intermediate lab and office space from 3,400 to 10,000 square feet for emerging life sciences companies including those that have outgrown incubator space and other early stage companies looking to expand. More than 32,600 square feet of new space is now available at the BDC. Continue reading
NJ Economic Development Authority Board Takes Action to Drive Pharmaceutical Manufacturing Growth
Trenton, NJ, August 13, 2017 — The Board of the New Jersey Economic Development Authority (EDA) took action on August 8 that will help advance one of the key legislative objectives of the Economic Opportunity Act (EOA) — driving growth in targeted industries.
Potential investment in the manufacturing sector was highlighted at EDA Board meeting, as three manufacturers of pharmaceutical products were approved for Grow New Jersey (Grow NJ) tax credits to either locate or expand in New Jersey.
Grow NJ is the main job creation and retention program administered under the EOA. Continue reading
NJ Economic Development Authority Headquarters Renamed in Honor of Caren Franzini
Caren Franzini
Trenton, NJ, August 8, 2017 — Emily Bader reports in NJBIZ that Governor Chris Christie yesterday signed legislation — Assembly 4713, Burzichelli, D-3, /Prieto, D-32 — to rename the New Jersey Economic Development Authority headquarters at 36 W. State St. in Trenton to the Caren Franzini Memorial Building.
Franzini, who died last January 25, led the EDA for nearly two decades and has made significant contributions toward improving the Garden State’s business climate, the New Jersey Business & Industry Association said.
Franzini joined the EDA in 1991 as its deputy director, and became head of the agency from 1994 to 2012 before founding her own firm, Franzini Consulting LLC in Lambertville. Continue reading
Commercial Center for Innovative Technologies Adds Genomic Prediction, A Startup Fertility Treatment Company
North Brunswick, NJ, August 3, 2017 — Vince Calio reports in NJBIZ that the Commercial Center for Innovative Technologies has a new addition to its family, as Genomic Prediction, a startup fertility treatment company, has moved into the space — and is growing already.
The company was co-founded by Rutgers University associate professor Nathan Treff, and specializes in testing human embryos for a range of chromosomal abnormalities and genetic disorders before they are implanted in women who are seeking in vitro fertilization to become pregnant.
So far, the company’s long-term focus is on developing polygenic tests to predict the risk of diabetes and other conditions. Continue reading
