News

Governor Murphy Highlights New Jersey Innovation Evergreen Fund to Attract Venture Capital, Support New Jersey-Based Startups

March 20, 2019

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 …

NJII and Pall Corporation Form Agreement to Advance Cell and Gene Therapy Manufacturing, Invest $3.5M

March 19, 2019

New Jersey Innovation Institute (NJII), a New Jersey Institute of Technology (NJIT) Corporation, has signed an Industry Participation Agreement with Pall Corporation (Pall) to support the development of its BioPharmaceutical Innovation iLab. The partnership will support two key Centers at NJII that will advance the manufacturing of new cell and gene therapies: the Cell and Gene Therapy Development Center and …

PDI Opens Global Headquarters in Bergen County, New Jersey

March 15, 2019

PDI, a leader in infection prevention products and solutions for its customers, opened its new global headquarters in Bergen County, New Jersey. “Today marks one of the most significant and memorable milestones in the four generations of our family owned and operated businesses,” said Zachary T. Julius, CEO, PDI. “It launches PDI into our next phase of investment, growth, and continued …

Why Companies Locate, Expand and Contribute to NJ

March 14, 2019

When you crunch the numbers, New Jersey may not technically be at the top of the “Best Places to Do Business” list, especially with its recently enacted top-end corporate-tax rate of 11.5 percent, legislation enacted to raise the minimum wage and the state’s lofty cost of living. However, the Garden State has an array of advantages that are highly appealing …

Governor Murphy Highlights New Jersey’s Readiness to Support Robust Opportunity Zone Activity

March 12, 2019

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

March 11, 2019

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 …

Cross River Bank expanding in Fort Lee, with plans to add 255 HQ jobs

March 8, 2019

Cross River Bank is growing in Fort Lee, acquiring a new facility that could bring more than 250 new jobs to the state — with help from a Grow New Jersey grant, the New Jersey Economic Development Authority said Thursday. Cross River, which was approved in December for a $10.9 million grant over a 10-year period, has purchased a 70,000-square-foot property that will …

CBRE: N.J. ranked top among U.S. life sciences clusters

March 6, 2019

The life sciences industry and the real estate it occupies has positioned various hubs, including New Jersey, for continued expansion, according to a new report from CBRE. That growth, CBRE said, has pushed several markets into its ranking of the top established and emerging life sciences hubs. New Jersey ranked No. 4 among top life science clusters in the U.S. due …

NJIT earns highest Carnegie Classification research rating

February 20, 2019

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 …

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Catherine Scangarella
Chief Strategy Officer, Sector Lead: Life Sciences & Tech
Mariel Meskunas
Business Development Officer, Sector Lead: Tech
Carly Wronko
Creative + Digital Manager