News
Choose New Jersey, Newark Alliance partner to make Newark marquee name in state’s business attraction efforts
Gov. Phil Murphy and Newark Mayor Ras Baraka announced a strategic partnership between the Newark Alliance and Choose New Jersey on Wednesday that will position and highlight Newark as a major driver of the state’s branding and corporate attraction efforts. The partnership will seek to align mutual corporate attraction, marketing and branding efforts. Choose New Jersey and the Newark Alliance will share resources dedicated …
Governor Murphy Highlights New Jersey Innovation Evergreen Fund to Attract Venture Capital, Support New Jersey-Based Startups
NORTH BRUNSWICK – Surrounded by entrepreneurs and innovators hard at work building the businesses of tomorrow in North Brunswick’s CCIT Life Sciences Incubator, Governor Phil Murphy today showcased details of the proposed New Jersey Innovation Evergreen Fund (NJIEF), a groundbreaking new program to bring more venture capital investment to New Jersey while strengthening the Garden State’s innovation ecosystem. “From Edison to …
Governor Murphy Highlights New Jersey’s Readiness to Support Robust Opportunity Zone Activity
Trenton, NJ (MARCH 11, 2019) – Governor Phil Murphy used today’s New Jersey Opportunity Zone Summit to demonstrate the State’s preparedness for attracting investment to the 169 Opportunity Zones in 75 municipalities spread across New Jersey’s 21 counties. “Attracting investment to areas of the state that have been overlooked or perceived by investors as overly risky is key to achieving …
Opportunity knocking: N.J. to award five $100K grants to jump-start Opportunity Zone investment
Gov. Phil Murphy announced the state will award five $100,000 grants to the communities around the state that come up with the best game plan for how they plan to use Opportunity Zone investments to better themselves. The plan, which will be formally announced Monday afternoon, was explained at the Choose New Jersey Opportunity Zone Summit in New Brunswick. Murphy, in a …
NJIT earns highest Carnegie Classification research rating
The New Jersey Institute of Technology has been named a “Very High Research Activity” institution by the Carnegie Classification. NJIT is one of only three R1 research universities in New Jersey. This year’s Carnegie Classification rates NJIT as “Very High Research Activity”— the highest category among doctoral universities. Through specialized research centers and laboratories, NJIT conducted more than $162 million in research in …
Murphy pushes historic-tax-credit proposal in Paterson
Gov. Phil Murphy doubled down on a vision for a $20 million historic preservation tax credit program aimed at redeveloping and repurposing abandoned historic urban properties. The tax credit program is one of five economic incentive proposals Murphy unveiled in October 2018 which his administration envisions as replacements for the two existing economic incentive programs—the Grow New Jersey tax breaks …
Atlantic Health System hospitals recognized by Healthgrades
Atlantic Health System announced on Tuesday Morristown Medical Center and Overlook Medical Center were the only hospitals in New Jersey to achieve the Healthgrades 2019 America’s 50 Best Hospitals Award and America’s 100 Best Hospitals Award, respectively. In a press release, Atlantic Health said Morristown Medical Center was the only hospital in the state to be recognized as one of America’s 50 Best …
Murphy announces $2.8 million in apprenticeship grants
Gov. Phil Murphy announced grant awards Monday totaling $2.8 million to seven New Jersey businesses and colleges for training programs that will employ 480 new apprentices within the next 12 months. The grant recipients will begin or expand apprenticeship programs to train machinists, skilled tradespeople, auto technicians, tool and die makers, medical and lab technicians, chemical technicians, human resources staff, …
EDA’s NJ Ignite program is fueling innovation startups in South Jersey
A key element in New Jersey’s innovation ecosystem is emerging in South Jersey in the form of a community of startups — with a crucial assist from the state Economic Development Authority. At Rowan University’s Technology Business Incubator at the South Jersey Technology Park in Mullica Hill, technology and life sciences entrepreneurs are working side-by-side to advance their businesses. Meanwhile, the EDA’s NJ Ignite …
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