New Jersey Economic Development Authority

New Jersey saw a landmark year in 2023, with artificial intelligence (AI), life sciences, and manufacturing contributing to the Garden State's economic growth.

The New Jersey Economic Development Authority and Princeton University have joined forces to establish an AI hub.

Small, woman-founded biotechnology company EpiBone, Inc. will create 90 jobs in Jersey City, NJ with the help of NJEDA Emerge tax credits.

Atlantic Shores Offshore Wind plans to create more than 200 jobs in Salem County, while Bluevine’s new headquarters will create an additional 200 in Jersey City.

Historic L'Oréal R&I Center will be located in Clark, NJ. Meanwhile, NJEDA has launched a $3.7 million grant program to develop skills for the offshore wind industry. 

On Thursday, January 14, the New Jersey Economic Development Authority (NJEDA) will host a webinar to provide details on its new Brownfields Loan Program.

The $300-400 million New Jersey Wind Port will be the biggest investment in Salem County in a generation and could create up to 1,500 jobs and $500 million in economic activity.

The initiatives will support between 3,000 and 5,000 small and midsize enterprises and are meant to complement recently announced federal economic recovery initiatives.

Last year,  investments in emerging technology life sciences companies through New Jersey's Angel Investor Tax Credit Program totaled more than $33 million.

Brownfields Center will provide a variety of technical assistance and resources to assist New Jersey communities with the process of transforming their brownfield sites into community assets.

New rules mean more projects will now be eligible for the program, which aims to repurpose vacant and underutilized suburban properties.

Jose Lozano, President and Chief Executive Officer, Choose New Jersey, Inc., discusses the state's workforce development plans, plus efforts to encourage its innovation ecosystem.

The New Jersey Economic Development Authority (NJEDA) has approved a new Brownfields Loan Program that will provide low-interest financing to help complete remediation of vacant or underutilized brownfields sites.

The Community Collaborative Initiative (CCI) will be expanded to nine new municipalities around the state, including Newark and Paterson. 

The Israel-based global pharmaceutical company will transfer and create more than 800 jobs to Parsippany-Troy Hills, NJ with help from state tax credits.

The food processing sector is thriving in Vineland, a South Jersey gem that offers ease of access to key markets along the East Coast and in Canada.

Thanks to recently-approved Grow NJ tax credits, two food companies are considering projects that could create more than 150 new jobs and invest over $15M in distressed communities.

With help from Grow NJ, the payment cycle management software company is expected move to its new Lawrenceville headquarters in Spring 2018.

Three manufacturing projects expected to create a total of 390 jobs have been approved to receive tax credits under the Grow New Jersey Program.

The 40 growing technology and biotech companies will share the New Jersey Technology Business Tax Certificate Transfer Program funds in FY2017.