Press Releases

Governor Murphy Signs Historic Economic Recovery Legislation

Governor's Office | Press Release

Bill Will Provide Aid to Small Businesses and Usher in New Era of Economic Development TRENTON – Governor Phil Murphy today signed into law the landmark New Jersey Economic Recovery Act of 2020, which will provide economic support for small businesses, while propelling New Jersey’s economic recovery and growth for much of the next decade. “These programs are the product of …

It Just Got Easier For Early-Stage Founders and Funders to Connect in New Jersey

Keiretsu | PR Newswire

PHILADELPHIA, Jan. 4, 2021 /PRNewswire/ — Today, Keiretsu Forum Mid-Atlantic announced the launch of a new chapter in Princeton, New Jersey. Keiretsu Forum is the world’s largest and most active investment community of early-stage accredited angel investors with 53 Chapters across 3 continents, including the newly minted North Jersey Chapter. “Since 2011, Keiretsu Forum Mid-Atlantic Chapters have provided resources, mentoring, and funding to entrepreneurs …

Governor Murphy Announces $250 Million Total Investment in State-of-the-Art Manufacturing Facility to Build Wind Turbine Components to Serve Entire U.S. Offshore Wind Industry

Governor's Office | The Office of the Governor of New Jersey

$250 Million, Two-Phased Investment in the Paulsboro Marine Terminal is the Largest Industrial Offshore Wind Investment in the U.S. to Date PAULSBORO – Governor Phil Murphy, alongside EEW, Ørsted, legislators, and members of the building trades, today announced a $250 million investment in a state-of-the-art manufacturing facility to build steel components, known as monopiles, for offshore wind turbines that will …

BIRD Energy to invest $7.5 Million in Cooperative Israel-U.S. Clean Energy Projects

BIRD Energy | Press Release

The total value of the approved projects is $17.4 million in the areas of Batteries, Electric Aircraft, Fuel Cells, Electric Vehicles, Natural Gas, Wind Energy and Energy Efficiency The U.S. Department of Energy (DOE) and Israel’s Ministry of Energy (MoE) along with the Israel Innovation Authority have selected eight clean energy projects to receive $7.15 million under the Binational Industrial …

Ahead of Senate and Assembly Committee Hearings, New Jersey Leaders Applaud Economic Recovery and Tax Incentives Reform Legislation

Governor's Office | Press Release

“This long-awaited incentive reform package will offer valuable support to the state’s entrepreneurial and innovation ecosystem. It is both comprehensive and sufficiently funded to help attract and retain more companies,” said James Barrood, Advisor at Tech Council Ventures. “The investor community is pleased to see Evergreen funding and increases in the state’s popular angel credit and NOL programs. I am …

Governor Murphy Announces $190 Million in Major Renovations at Newark Penn Station

Governor's Office | Press Release

$30 Million Upgrade Will Begin Immediately NEWARK – Governor Phil Murphy today announced a commitment of $190 million for renovations and upgrades at historic Newark Penn Station. The Governor was joined at an event announcing the renovations by Lieutenant Governor Sheila Oliver, Newark Mayor Ras J. Baraka, NJ TRANSIT President & CEO Kevin S. Corbett, Senator Teresa Ruiz, Assemblywoman Eliana …

Governor Phil Murphy Announces First Tenants of The Hub in New Brunswick

The Office of the Governor of New Jersey

Project Combines Two Prominent Research Institutes and Two Major Healthcare Networks TRENTON – Governor Phil Murphy today announced Princeton University, Rutgers University, Hackensack Meridian Health and RWJBarnabas Health will be the first tenants of The Hub, a new collaborative site in downtown New Brunswick designed to foster research, entrepreneurship, innovation, and start-up incubation in New Jersey. “This project is a …

Cutting-Edge Cell & Gene Therapy Manufacturing Center, BioCentriq™ Opens in Newark, New Jersey

Choose New Jersey, Inc. | Press Release

Virtual ribbon cutting and tour featured remarks from New Jersey Governor Phil Murphy, FDA’s Peter Marks, as well as panel discussions with industry leaders from ARM, NIIMBL, Century Therapeutics, BioNJ, NJEDA, NJIT and NJII on the rise of Cell & Gene Therapy in New Jersey October 29, 2020 – Newark, NJ – The New Jersey Innovation Institute (NJII) and Choose New Jersey hosted …

Coalition of New Jersey CEOs Aim to Hire or Train 70,000 New Jersey Residents by 2030, Increase Local Spending by $500 million by 2025

Governor's Office | Press Release

The New Jersey CEO Council, an informal coalition of CEOs from some of the state’s largest companies, announced today it has pledged to hire or train more than 30,000 residents by 2030 and spend an additional $250 million on procurement with state-based, diverse companies by 2025, and is challenging their peers in the business community to produce an additional 40,000 …

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