The New Jersey Economic Development Authority (NJEDA) Board today approved the creation of the New Jersey Innovation Evergreen Fund (NJIEF), a groundbreaking new tool to increase access to strategic resources and venture capital in New Jersey. The NJIEF will create partnerships between the state and the private sector to collaboratively align New Jersey’s well-resourced corporations, and national investors to support …
Southern New Jersey is in many ways worlds apart from the Northern and Central regions of the state. More rural and less densely populated, its economy is driven largely by industry, healthcare, education and agriculture. And while Atlantic County, with Atlantic City at its core, and Camden County, a Philadelphia commuting enclave, usually grab the South Jersey spotlight with their massive revitalization projects, some of the …
Choose NJ celebrates its first decade and builds on past successes. A highly educated workforce, top notch public education system, strategic location between major economic hubs, the largest East Coast seaport, and a high quality of life? These are just a few of the reasons why New Jersey is often lauded for being an attractive place to locate a business. There …
Makerhoods, a live/work program designed to elevate makers, artisans and other creative individuals looking to grow their passions and microbusinesses into thriving businesses, is coming to Newark. Founder Avi Telyas said Makerhoods is bringing the beloved, traditional “living above the store” model — which supported families, inspired entrepreneurship and created sustainable communities for decades — into the digital age. Makerhoods …
When the outrage following Georgia’s new voting laws started impacting business and industry in the state — starting with the loss of Major League Baseball’s All-Star Game — New Jersey Gov. Phil Murphy responded as so many other governors did, imploring companies to bring their business to their states. But Murphy’s appeal to television and film industry companies should not be confused …
The New Jersey Economic Development Authority on March 10 approved some of the few awards for media productions during the pandemic under a lucrative and popular tax break program meant to lure the film and television industry. All three awards combined totaled $1.32 million, according to the Wednesday board agenda. Known formally as the NJ Film and Digital Media Tax Credit Program, …
Despite the pandemic, economic development organization Choose New Jersey helped 33 companies relocate or expand in the Garden State last year, resulting in 1,455 jobs being created or retained and generating over $607 million in capital investments. The nonprofit group, based in Newark at One Gateway Center, outlined those achievements Tuesday when it released its 2020 annual report. In a statement, Choose New Jersey …
A new program that will benefit Garden State entrepreneurs says that it will address a long-standing issue for Black and brown business owners — a lack of access to funding. Despite raking in $700 billion last year, businesses founded by Black and brown entrepreneurs don’t have access to capital the same way non-minority owned companies do, according to a report …
“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 …
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