Newark

Newark port project named finalist, in contention for up to $100M in federal funding

Tom Bergeron | ROI-NJ

The proposed Greater Newark Smart Port Regional Growth Cluster is both a supply chain accelerator and job multiplier that will spur short- and long-term economic development throughout the region. It is also now one of 60 finalists in the $1 Billion Build Back Better Regional Challenge — meaning it is in contention to be awarded up to $100 million to be …

Pitch perfect: How Murphy’s personal appeal, cadre of incentive packages and push from higher ed helped N.J. land HAX

Tom Bergeron (Newark) | ROI-NJ

When SOSV issued a Request for Proposals last spring, seeking a location to establish a U.S. headquarters for its highly regarded hard-tech accelerator, HAX, Gov. Phil Murphy jumped in right away. He knew the competition would be fierce. And he knew the process would play out quickly. Murphy met with SOSV founder and Managing Partner Sean O’Sullivan in July in Newark — not …

Governor Murphy Announces Agreement to Establish U.S. Headquarters in Newark for the HAX Startup Development Program Focused on Industrial Tech and Decarbonization

Governor's Office | Press Release

NEWARK – Governor Phil Murphy today announced that the New Jersey Economic Development Authority (NJEDA) and Princeton-based venture capital firm SOSV intend to form a new entity (HAX LLC) to bring SOSV’s acclaimed HAX hard tech startup development program to Newark.  SOSV will also establish the U.S. headquarters of the HAX program at the Newark site.  HAX provides complete support for emerging companies, including a $250,000 initial investment in …

Global giant accelerator coming to Newark — bringing commitment to develop 100 hard-tech companies

Tom Bergeron (Newark) | ROI-NJ

HAX, a hard-tech accelerator run by one of the most-active venture capital firms in the world, will announce Thursday morning that it is establishing its U.S. headquarters in Newark — and bringing with it a commitment to develop 100 companies in the city over the next five years, ROI-NJ has learned. Companies participating in the HAX program are expected to …

NJIT ranked No. 43 for undergraduate entrepreneurial programs

ROI-NJ Staff (Newark) | ROI-NJ

New Jersey Institute of Technology was ranked among the 50 best schools in the country for undergraduates who want to become entrepreneurs by the Princeton Review on Wednesday. NJIT, which was ranked No. 43, was the only New Jersey school cited. The rankings are based on a survey by the Princeton Review conducted in partnership with Entrepreneur magazine taken in June-August 2019. It was the …

NJIT joins business research hub with $15M in funding

Linda Lindner | NJBIZ

New Jersey Institute of Technology on Aug. 25 joined seven other universities to create a new regional research hub that will help faculty and students convert federally sponsored research into successful businesses. Starting in January, the Northeast I-Corps Innovation Hub – funded by a $15 million National Science Foundation grant and led by Princeton University – will provide entrepreneurial training, …

United Airlines to buy 270 planes resulting in 5,000 jobs for Newark

Tom Bergeron (Newark) | ROI-NJ

United Airlines will unveil its “United Next” plan Tuesday in Newark — an initiative that will lead to the purchase of 270 new Boeing and Airbus aircraft and is expected to transform the passenger experience while significantly lowering carbon emissions. Even more, the program is expected to bring up to 5,000 union jobs to the state by 2026 — a job …

Milestone moment: Newark Working Kitchens to deliver 1 millionth meal today

Tom Bergeron | ROI-NJ

A unique win-win program has kept Newark restaurants open while helping to feed those in need. In April 2020 — at a time when the pandemic was taking hold in the state, leaving many to wonder where their next paycheck and their next meal were coming from — Audible announced it was donating $1 million to create Newark Working Kitchens, a unique meal …

Ørsted to locate N. American digital operations headquarters in Newark — and it’s hiring, too

Tom Bergeron | ROI-NJ

In another move connected to Newark’s strong broadband infrastructure, Ørsted announced Thursday it will open its North American Digital Operations headquarters in Newark. It’s hiring, too. The new office, which will integrate with Ørsted’s other digital operations offices in Europe and Asia, will employ more than 20 Ørsted staff members, including 12-14 new information technology positions the company hopes to fill …

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