Economic development creates opportunities to grow state, local and metro areas, which are essential for economic growth, improved quality of life and community development. NJEDA articles below.
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.
Industrial site will be turned into AeroFarms' new global corporate headquarters, bringing 78 new jobs to Newark.