News

NJIT’s Busy Day of Running with Scissors

Anthony Birritteri | New Jersey Business

The New Jersey Institute of Technology (NJIT) had a busy day today using scissors to cut the ribbon on two new facilities. In Newark, the higher education research institution opened a Microfabrication Innovation Center (MIC) that will develop micro- and nano-electronic devices and sensors for the medical device and other industries. In Jersey City, the institution opened the Ying Wu …

Onyx Equities unveils redesign of Gateway Newark into city’s business hub

Linda Lindner | ROI NJ

A new Gateway is coming to the Brick City. Redevelopment plans revealed Wednesday by Onyx Equities LLC show the future of the commercial complex in Newark and establish it as the city’s hub of business and cultural activity. In response to Newark leadership’s plan to transform the city into a walkable destination, Onyx reimagined public spaces and expanded retail and dining options to …

Put to the test: Startup donated training platform to Newark, to help residents pass crucial skills test

Brett Johnson | ROI NJ

In most ways, 1Huddle looks like any tech startup aspiring to the sort of disruption brought over the years by well-known, highly-valued Silicon Valley firms. The elevator pitch tells you all you need to know: It wants to make employee training fun. But 1Huddle, creator of a mobile platform that turns dull training materials into trivia games, is based in Newark. It’s …

NJIT Among Top Schools in Country for Entrepreneurship

New Jersey Business

New Jersey Institute of Technology (NJIT) has been cited by The Princeton Review as being among the best schools in the nation for students aspiring to become entrepreneurs. NJIT is ranked No. 41 among the Top 50 Undergraduate Schools for Entrepreneurship Studies for 2020 across the country, and is the only university in New Jersey to achieve this recognition. “These schools have …

Medicines Company to be Acquired by Novartis AG for $9.7 Billion

New Jersey Business

Novartis AG will acquire The Medicines Company for $85 per share in an all-cash transaction, implying a fully diluted equity value of $9.7 billion. The price represents a premium of approximately 45% to The Medicines Company’s closing share price of $58.65 on Nov. 18, 2019 (the last trading day prior to news reports of a potential transaction between The Medicines …

Peloton Interactive leases 156K sq.ft. in Carteret

Eric Strauss | ROI NJ

Peloton Interactive, a national fitness equipment company, has signed a lease for more than 156,000 square feet of industrial space in Carteret, according to real estate firm CBRE. The company, which makes workout bikes for indoor cycling and other fitness gear, moved into the 156,068-square-foot space at 1500 Blair Road in October, CBRE said. The team of Scott Belfer and Lou …

New Jersey is the ‘smartest’ state in America – yes, really

Natalie O'Neill | New York Post

The Garden State is full of bookworms! New Jersey is the “smartest” state in the US — beating out New York and other areas supposedly packed with high-achieving brainiacs, according to a new study that centers on Census data. The Big Apple’s underrated neighbor ranked the No. 1 most intelligent, based on a formula that considers the percentage of adults with college …

EY names Amarin CEO as Entrepreneur of the Year for Life Sciences

Emily Bader | ROI NJ

Ernst & Young announced on Monday it has named John F. Thero, CEO and president of Amarin Corp., its 2019 Entrepreneur of the Year for Life Sciences. The awards program, founded in 1986, recognizes entrepreneurs “who create the products and services that keep our worldwide economy moving forward and redefine the way we live, work and play,” EY said in a news …

New Jersey Governor Raises Offshore Wind Goal

Joseph De Avila | Wall Street Journal

JERSEY CITY, N.J.—New Jersey is more than doubling its target for offshore-wind energy production under an executive order signed by Gov. Phil Murphy, as the state steps up efforts to eliminate fossil fuels over the next three decades. Mr. Murphy’s executive order, signed Tuesday, commits the state to generating 7,500 megawatts of offshore-wind energy, enough to power 3.2 million homes, …

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