New Jersey Economic Development Authority
Economic development creates opportunities to grow state, local and metro areas, which are essential for economic growth, improved quality of life and community development. New Jersey Economic Development Authority articles below.
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 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 approved projects are expected to result in the creation of 900 new jobs and more than $27 million in investment in New Jersey in key industry sectors.
The Grow NJ program award targets job creation and will help the company grow in Vineland, yielding a net benefit of $20.4M back to the state over 20 years.
The Commercialization Center for Innovative Technologies (CCIT), the Garden State’s leading life sciences incubator, is a hub of activity within New Jersey’s technology sector.
Pay for Performance incentives from New Jersey's Clean Energy Program help Bayer turn vacant buildings into showcase of energy innovation for construction of new U.S. headquarters.
Technology and biotechnology companies around New Jersey invested more than $51 million in 2015.
The New Jersey Economic Development Authority (NJ EDA) has approved 41 companies to share a total of $47.4 million through the state’s Technology Business Tax Certificate Transfer (NOL) Program in FY 2016.
Industrial site will be turned into AeroFarms' new global corporate headquarters, bringing 78 new jobs to Newark.
Final decision is expected by April 2015 and subject to this approval, Subaru plans to complete the project by fourth quarter, 2016 or early 2017.
Developers can maximize cost credits up to 40 percent for projects in Paterson, Passaic, Trenton and Camden.
With $60 billion in federal recovery aid and new initiatives, New York and New Jersey are gearing up to rebuild from the historic cataclysm that devastated the region last fall. From the March/April 2013 issue