Program Will Offer up to $150,000 in grants to NJ Startups

TRENTON, N.J. (November 23, 2021) – The New Jersey Commission on Science, Innovation and Technology (CSIT) today announced the creation of a $1.5 million Catalyst Seed Research and Development (R&D) Grant Program to help New Jersey-based startups accelerate development of technologies. The funding will help the companies transform new discoveries from the research stage into commercially viable products and services. The application, which opens on December 6, will be available at http://www.njeda.com/csit.

The Catalyst Seed R&D Grant Program will be open to companies conducting R&D or testing technologies in the following areas that were identified as targeted industries in Governor Phil Murphy’s economic development plan, “The State of Innovation: Building a Stronger and Fairer Economy in New Jersey: Advanced Manufacturing, Transportation and Logistics, Film and Digital Media, Life Sciences (including, but not limited to: therapeutic drug development, diagnostics, and medical devices), Non-Retail Food and Beverage, Finance and Professional Services, and Technology.

“The new Catalyst Seed R&D Grant Program will vastly expand the scope of projects and companies that CSIT is able to support,” said CSIT Executive Director Judith Sheft. “Providing seed capital to businesses in high-wage, high growth sectors is both beneficial to the individual entities and important to the strength of our overall innovation economy.”

The program will offer two grant components:

  • Grants of up to $150,000 for projects that are developing life sciences therapeutics. It is anticipated that five awards will be made in this area.
  • Grants of up to $75,000 for other innovation projects – non–life sciences therapeutics drug R&D projects and projects that are not eligible for the Clean Tech Seed Grant. It is anticipated that 10 awards will be made in this area.

Sheft noted that the Catalyst Seed R&D Program is modeled after CSIT’s successful Clean Tech R&D Seed Grant Program, which awarded nearly $750,000 to startups statewide earlier this year. CSIT anticipates opening a second round of its Clean Tech Seed Grant program in early 2022. Therefore, companies that are working on research regarding the avoidance of emissions of, or recapture, greenhouse gases and/or criteria pollutants, or to enable such avoidance or recapture, will not be eligible to participate in the Catalyst Seed R&D Grant Program. 

Applications for the Catalyst Seed R&D Grant Program will open on December 6, 2021. CSIT will host an information webinar on December 7, 2021 at 10:00 a.m., which will include a walk-through of the application. Anyone interested in attending can visit http://tinyurl.com/NJCSIT to register. A recording of the webinar will also be available on CSIT’s website. Entrepreneurs can also get information about this and other programs designed to help their early-stage companies grow during the NJEDA’s November 30 Innovation Economy Programs webinar. Attendees can register for the event at http://tinyurl.com/NJ-Innovation.

“Under Governor Murphy’s leadership, New Jersey is receiving national and international attention as an excellent place to locate and grow a startup,” NJEDA Chief Executive Officer Tim Sullivan said. “The Catalyst Seed R&D Grant Program will be an important tool for helping us continue to foster an environment where these startups can succeed and thrive.”

Applicants for the Catalyst Seed R&D Grant Program will be required to demonstrate at least one of the following for their projects in order to be eligible for funding: description of the proof of concept results, published paper outlining results achieved, successful completion of a federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grant or contract related to the project, and/or confirmation documentation from a university tech transfer office if the project relates to technology that has been developed at a university. Complete eligibility requirements can be found at http://www.njeda.com/csit.

In support of CSIT’s mission to foster diversity and inclusion, one grant award will be reserved for an applicant meeting the minimum scoring criteria of 70 points that is women-owned as certified by the State of New Jersey and one grant award will be reserved for an applicant meeting the minimum scoring criteria of 70 points that is minority-owned as certified by the State of New Jersey. If there are no applicants that meet these criteria the funds may be allocated to other applicants.

In their roles on the CSIT Board, New Jersey State Senator Robert Singer and Assemblyman Andrew Zwicker have been vocal champions of creating resources such as the Catalyst Seed R&D Program to support New Jersey startups.

“Access to seed capital is among the most vital tools for very young companies that are often too early-stage to attract outside capital,” Senator Singer said. “Giving them that access now will pay dividends for our innovation ecosystem in the future.”

“New Jersey startups already have a tremendous number of assets available to them – including proximity to world-class universities, a top-notch talent pool, and a supportive innovation ecosystem,” Assemblyman Andrew Zwicker said. “Adding the Catalyst Seed R&D Grant Program to the suite of resources that CSIT offers startup companies will further Governor Murphy’s goal vision of making New Jersey the nation’s premier hub for innovative, science-and-technology focused entrepreneurism.”


About CSIT

In August 2018, Governor Murphy signed legislation re-establishing the former New Jersey Commission on Science and Technology as the CSIT. Comprised of representatives from the public and private sectors, as well as academia, the Commission is tasked with leading the way in promoting the state as a home for academic and technological research, development, and commercialization.

To learn more about state resources available to New Jersey entrepreneurs and early-stage companies, visit https://www.njeda.com/csit or follow @NewJerseyEDA on Twitter, Facebook, LinkedIn and Instagram.

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Dominic Villecco, President of V-COMM and Vice President of the NJ Wireless Association, discusses expanding 5G wireless technologies in Paterson and Passaic.

TRENTON, N.J. (August 26, 2019) – Project teams from nine New Jersey municipalities and counties convened today in Trenton to present their plans for building or augmenting their local innovation ecosystems. New Jersey Economic Development Authority (NJEDA) solicited these plans through a Request for Proposals (“RFP”) under the Innovation Challenge, a new initiative announced by Governor Phil Murphy in July 2018, as part of his vision for restoring New Jersey’s preeminence in innovation. These nine municipalities and counties were awarded contracts for $100,000 each in November 2018.

Governor Murphy created the Innovation Challenge as a call for municipalities and counties to partner with higher-education institutions and other strategic partners to consider groundbreaking approaches to building public-private and community partnerships, nurturing entrepreneurship, and upgrading infrastructure. The nine communities selected under the RFP were: Atlantic City, Atlantic County, Bridgeton, Camden County, Monmouth County, New Brunswick, Passaic County, Trenton, and Union Township.

"We launched the Innovation Challenge to encourage local communities to advance their own plans to further Governor Murphy’s vision to make New Jersey the State of Innovation, and it was exciting to see so much energy and enthusiasm for recapturing our historic leadership position,” said NJEDA Chief Executive Officer Tim Sullivan.

Participating project teams presented their progress today to an audience of state economic development leaders, including representatives of the Murphy Administration, and community leaders from relevant areas.
The plans focused on a wide variety of ideas designed to cultivate innovation and drive economic activity in New Jersey communities. They included:

  • The City of Atlantic City, Stockton University, and other partners’ plan for the Coastal Resiliency Institute, an educational, research, and incubator facility focused on the sustainable use of ocean and coastal resources for economic growth, improved livelihoods, and jobs; 
  • Atlantic County, the Atlantic County Economic Alliance, Atlantic Cape Community College, and Embry Riddle Aeronautical University’s marketing feasibility assessment for an Aviation Maintenance and Technical Academy;
  • The City of Bridgeton, Cumberland County Improvement Authority, Rutgers Food Innovation Center, and the Cumberland Workforce Development Board’s plan to create a Smart Food Manufacturing Center within the expanded Food Specialization Center in Bridgeton, which has already received offers of in-kind assistance, consulting, and equipment from a leader in advanced manufacturing technology; 
  • Camden County, Coopers Ferry Partnership, and Rowan University’s assessment around Smart City infrastructure needs for downtown Camden focused on integrating adaptive traffic signal technology and development of a central Transportation System Management and Operations Center; 
  • Monmouth County, Fort Monmouth Economic Redevelopment Authority, and New Jersey Institute of Technology’s vision for a 50-acre technology campus at Ft Monmouth that will attract high- growth private and public organizations and build an entrepreneurial environment in Monmouth County; 
  • A joint venture between the City of New Brunswick, Rutgers University, and New Brunswick Development Corporation (DEVCO) to create an integrated system for autonomous vehicle testing in a real-world urban cityscape;
  • The County of Passaic and Cities of Passaic and Paterson’s partnership with the William Paterson University-Small Business Development Center, Passaic County Community College, PSE&G, and St. Joseph's Hospital to document options available for expanding 5G wireless technologies in Paterson and Passaic; 
  • The City of Trenton and Greater Trenton’s engagement with five Mercer County higher education institutions and Trenton Public Schools to plan for a collaborative innovation and entrepreneurial center.  This includes an analysis that studies the entrepreneurial ecosystem and development needs for Trenton-area entrepreneurs, businesses, universities and residents. Resulting in recommended programs and sites for the Innovation Center within Trenton.
  • Union Township and Institute for Life Science Entrepreneurship (ILSE) at Kean University’s work with Union County and the Union County Economic Development Corporation to address a variety of issues associated with financing, expanding, and operating an innovation center that will catalyze the establishment and growth of life science start-up companies, creating a density of early-stage companies to promote entrepreneurial dynamism and economic activity.   

The plans presented today will be made available to the public in the coming weeks so that other localities may learn from the experience of the Innovation Challenge project teams. A second round of Innovation Challenge projects was approved in March 2019. Included in this round are: Cape May County, Hoboken, Newark, Paterson, and Plainfield.

About Us
The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

To learn more about EDA resources for businesses call EDA Customer Care at 609-858-6767 or visit https://www.njeda.com  and follow @NewJerseyEDA on FacebookTwitter, and LinkedIn.
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The Naval Air Systems Command, Joint Base McGuire-Dix-Lakehurst was among the advanced manufacturing facilities that OCVTS students visited during their field trip. 

JACKSON, N.J. (June 10, 2019) – More than a dozen high school students today learned first-hand about career opportunities in New Jersey’s advanced manufacturing industry during the first in a series of free field trips to Ocean County manufacturing facilities organized by the New Jersey Economic Development Authority (NJEDA) and Ocean County Vocational Technical School (OCVTS). The program is designed to increase awareness and interest in a growing sector contending with a lack of young, qualified workers while educating New Jersey students about the various career paths available in advanced manufacturing.

 
OCVTS Precision Machine Technology Instructor Doug Cooley demonstrates machinery to students at OCVTS’ new Precision Machine Technology room at the OCVTS Jackson Center.

 
“Manufacturing is a growing industry here in New Jersey that provides good-paying, stable jobs and it is important that young people understand the opportunities available to them,” said OCVTS Superintendent Karen Homiek. “Providing this hands-on learning opportunity is an important way to show students the career options available right here in our community and provide the workforce New Jersey’s manufacturing sector needs to grow.”

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Jesel is a Lakewood-based manufacturer of Valvetrain and
other engine parts for racecars and other specialty cars. 

 
The field trip program is part of the NJEDA’s Advanced Manufacturing Student Outreach Pilot, a series of initiatives developed to improve perceptions of and address misconceptions about the advanced manufacturing industry while exposing students to the many career pathways available in the sector. The free trips teach middle and high school students about career opportunities in advanced manufacturing and the skills required to succeed in the sector. Through the program, students from varied socio-economic backgrounds have the opportunity to attend the field trips, especially students from Ocean County municipalities that are designated as Opportunity Zones under the federal Opportunity Zone program. 

The students who attended the June 7 trip visited three Ocean County-based advanced manufacturing facilities: NAVAIR, which produces and maintains aircraft, weapons, and other systems used by America’s Navy and the Marines; Jesel, a leading producer of valvetrain products used in NASCAR racers and other vehicles; and UNEX, a manufacturer of conveyer belts and tracks for production facilities. At each stop, students had the opportunity to see high-tech manufacturing equipment in action, learn about the variety of opportunities available in the sector, and talk with employees about their experiences working in advanced manufacturing.
 
“Governor Murphy’s comprehensive plan for building a stronger, fairer New Jersey economy places special emphasis on high-wage, high-growth sectors like advanced manufacturing,”” said NJEDA Chief Executive Officer Tim Sullivan. “The field trip program provides students with information to consider advanced manufacturing as a viable path to a successful career, while helping to build interest among a potential workforce that could serve as the foundation the industry’s continued growth.”
 
For more information on career training opportunities at Ocean County Vocational Technical School please visit www.ocvts.org or call 732-473-3122.
 
To read Governor Murphy’s full economic plan, please visit: https://nj.gov/economicplan
 
About the New Jersey Economic Development Authority
The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.
 

To learn more about EDA resources for businesses call EDA Customer Care at 609-858-6767 or visit https://www.njeda.com and follow @NewJerseyEDA on FacebookTwitter, and LinkedIn.
 
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NJEDA CEO Tim Sullivan and Superintendent of OCVTS Karen Homiek sign an MOU to create a partnership that will provide free field trips to advanced manufacturing facilities for middle and high school students.

 

Jackson, N.J. (May 24, 2019) – Elected officials, industry leaders, and students gathered last evening at Ocean County Vocational Technical School (OCVTS) to celebrate a partnership between the New Jersey Economic Development Authority (NJEDA) and OCVTS which will provide free field trips to advanced manufacturing facilities for middle and high school students. The program is designed to educate students about job opportunities in advanced manufacturing while informing them of the skills necessary to pursue a career in the sector.
 
“Manufacturing is a growing industry here in New Jersey that provides good-paying, stable jobs and it is important that young people understand the opportunities available to them,” said OCVTS Superintendent Karen Homiek. “Partnering with the NJEDA to provide free field trips where students will get the chance to see manufacturing first-hand and talk to current workers face-to-face will show students the range of opportunities available and encourage them to consider a career in manufacturing.”
 
New Jersey’s manufacturing industry produces more than $31 billion in economic output every year and employs more than 160,000 New Jersey workers. The industry is also one of eight focus sectors identified in Governor Phil Murphy’s economic plan. However, it has faced increasing barriers to growth as an aging workforce and a shortage of young workers shrinks the number of qualified employees available to manufacturing companies.
 
“It’s especially forward-thinking to include middle grade students in this pilot,” said Linda P. Eno, Ed.D., Assistant Commissioner of the New Jersey Department of Education’s Division of Academics and Performance.  “Using field trips to expose middle school students to career pathways in manufacturing helps them develop an understanding of how academics and work fit together and allows them to envision a future in which they both learn and earn.”
 
The field trip program is part of the NJEDA’s Advanced Manufacturing Student Outreach Pilot, a series of initiatives developed in coordination with stakeholder input to improve perceptions of the advanced manufacturing industry and expose students to the many career pathways available in the sector. The field trips will provide free opportunities for first-and second-year high school students to tour advanced manufacturing facilities in Ocean County and learn about each facility’s operations. The program prioritizes ensuring students from varied socio-economic backgrounds attend the field trips, especially students from Ocean County’s three opportunity zone municipalities.  
 
“The advanced manufacturing industry provides a wide range of good jobs with long-term career prospects, but in recent years we have had trouble attracting students and young workers,” said Patricia Cubero, General Manager of Aquatherm Industries. “Providing this hands-on learning opportunity is an important way to show students the career options available to them right here in our community and provide the workforce New Jersey’s manufacturing sector needs to grow.”
 
Under the partnership, the NJEDA will commit funding to cover the costs of the field trips, and OCVTS will organize and conduct the trips. The first trip is scheduled for Friday, June 7 and will consist of visits to three participating manufacturing firms in Jackson, New Jersey. Additional field trips aimed at various age groups are also tentatively planned for Fall 2019.
 
“One of the pillars of Governor Murphy’s plan for building a stronger, fairer New Jersey economy is investing in people. Preparing our students with the skills and experience they need to take on jobs in high-wage, high-growth industries like advanced manufacturing is critical,” said NJEDA Chief Executive Officer Tim Sullivan. “The field trip program will show students the wide variety of career paths available in this dynamic sector and will help New Jersey’s manufacturers continue to grow.”
 
For more information on career training opportunities at Ocean County Vocational Technical School please visit www.ocvts.org or call 732-473-3122.
 
About the New Jersey Economic Development Authority
The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.
 
To learn more about EDA resources for businesses call EDA Customer Care at 609-858-6767 or visit https://www.njeda.com  and follow @NewJerseyEDA on FacebookTwitter, and LinkedIn.
 

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The New Jersey Economic Development Authority (NJEDA) and New Jersey Manufacturing Extension Program (NJMEP) today announced a pilot program to expand a Manufacturing Resource Guide. The initiative builds upon NJMEP’s current Educational Resource Directory and will provide additional resources and information to manufacturing companies’ growth.
 
“Manufacturing is a high-wage, high-value industry that has the potential to drive long-term, sustainable growth in communities around New Jersey. Unfortunately, growth in this industry has slowed in recent years because companies, parents, and students do not know about programs that are available to help them overcome challenges,” said John W. Kennedy, President of NJMEP. “Our collaboration with the NJEDA will help to broaden our Educational Resource Directory into a full Manufacturing Resource Guide and make it easier to access and search so that companies, parents, and students can take advantage of the full range of resources available in New Jersey to help them grow.”
 
New Jersey’s manufacturing industry produces more than $31 billion in economic output every year and employs more than 160,000 New Jersey workers. The industry is one of eight focus sectors identified in Governor Phil Murphy’s economic plan. However, it has faced increasing barriers to growth as an aging workforce and a shortage of young workers shrinks the number of qualified employees available to manufacturing companies and a growing skills gap slows productivity in the modern, technologically-demanding field.
 
Solutions to many of these problems are available. Not only do many New Jersey community colleges and vocational-technical schools offer upskilling opportunities for manufacturing workers, but the NJMEP also offers training courses and apprenticeship programs for employees, and government agencies, such as the Department of Labor, NJEDA, and the Business Action Center, offer workforce development and financing services.

Despite targeting the specific challenges manufacturing companies face, many of these resources are underutilized because the businesses they are intended to help do not know the programs exist or how to take advantage of them. To address this challenge, the NJMEP developed the Educational Resource Directory, a centralized source of information on programs for manufacturing companies that includes information about NJMEP programs, contacts for community college and vocational-technical schools, and points of contact for State initiatives to boost the industry.
 
The Memorandum of Understanding approved today authorizes a pilot program between the NJEDA and NJMEP to add further informational depth to the Educational Resource Directory and make the document easier to access. According to the agreement, the organizations will also work together to disseminate the expanded Resource Guide through a coordinated social media campaign. During the pilot period, the NJEDA and NJMEP will solicit stakeholder feedback through a roundtable discussion and survey of users who downloaded the guide.
 
“Building a stronger, fairer New Jersey economy includes providing smart, targeted support for industries like advanced manufacturing,” said NJEDA Chief Executive Officer Tim Sullivan. “New Jersey already has dozens of programs and initiatives aimed at helping businesses in this industry succeed, but programs cannot be effective if businesses do not know how to access them. The NJEDA’s collaboration with NJMEP will go a long way toward ensuring New Jersey’s business leaders understand the full range of resources available to them as they continue to grow and create new jobs for New Jerseyans.”
 
NJMEP’s current Educational Resource Directory can be found at: https://www.njmep.org/educational-resource-directory/
 
To read Governor Murphy's full economic plan, please visit: https://nj.gov/economicplan
 
About the New Jersey Manufacturing Extension Program
 
NJMEP is a private, not–for-profit organization that improves the profitability and competitiveness of New Jersey’s manufacturers. Backed by the National Institute of Standards and Technology (NIST), NJMEP enables organizations to enhance their productivity and efficiencies, reduce costs, and improve employee performance. For more than 20 years, NJMEP has used its extensive network of connections and proven track record of success to help manufacturers adapt to the latest innovative technologies and best practices to realize more than $3.4 billion in value.
 
About the New Jersey Economic Development Authority

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness. 

To learn more about EDA resources for businesses call EDA Customer Care at 609-858-6767 or visit https://www.njeda.com  and follow @NewJerseyEDA on FacebookTwitter, and LinkedIn.
 

TRENTON, N.J. (November 30, 2018) – Suuchi Inc., a woman-owned technology and supply chain startup, announced today that it will remain and grow in New Jersey, finalizing a lease to occupy space at Kearny Point, a 130-acre business center that will be home to pioneering companies of the new economy.  Suuchi, Inc. plans to create 410 advanced manufacturing jobs at its new 113,100-square-foot facility in New Jersey instead of a competing location in Charlotte, North Carolina.
 
The company, which was founded by Suuchi Ramesh, an immigrant from India, began operations in 2016. Suuchi Inc. designs, manufactures, and ships clothing for American fashion brands and Fortune 1000 companies. The company’s proprietary technology, Suuchi Grid, connects businesses with their “smart” shop floor, affording businesses and their customers with real-time access to their supply chains, including updates and analytics on sourcing, design, production and drop shipping.  Suuchi Inc. currently employs individuals from 27 different nationalities, 75 percent of which are women. Suuchi Inc. is also home to Suuchi University, which trains the local community in advanced manufacturing skills before and on the job.
 
“Visionary companies like Suuchi Inc. recognize that New Jersey provides access to an unparalleled pool of skilled, diverse talent, and the distinct logistical advantages of our unmatched location,” said New Jersey Governor Phil Murphy. “A critical part of our vision for a stronger and fairer New Jersey economy is creating an environment that fosters the growth of diverse and innovative companies in high-growth sectors, including advanced manufacturing. We are delighted that Suuchi Inc. has chosen to grow here and provide more opportunities for New Jerseyans.”
 
Suuchi Inc.’s client roster includes American fashion brands and several Fortune 1000 companies. Suuchi sells to businesses including young designers launching fashion labels, retailers seeking to make private-label clothing in America, and large firms supplying uniforms to the casino and hospitality industries. Grow New Jersey (Grow NJ) tax credits of up to $37.17 million over ten years were approved for Suuchi, Inc. at the New Jersey Economic Development Authority’s (NJEDA’s) September 2018 Board meeting, and encouraged the company to expand in New Jersey instead of relocating operations to North Carolina. 
 
“We have experienced great success in New Jersey, and attribute much of our momentum to our ability to recruit savvy and skilled employees from a diverse pool of talent,” said Suuchi Inc. Founder and CEO Suuchi Ramesh. “We are excited to continue to grow and support our customer base, while contributing to the local economy.”
 
Suuchi Inc. will be located at Kearny Point, a two million square foot flexible office and light industrial business hub on 130 acres undergoing redevelopment.  Kearny Point is home to Building 78 and Kearny Works, a collaborative workspace offering creative office and coworking options for a diverse community of pioneering businesses. Building 78 was recently approved under NJ Ignite, a new NJEDA program that provides rent support for technology and life sciences companies moving to incubators, accelerators, or other collaborative workspaces in New Jersey.
 
“Making New Jersey the State of Innovation is a top priority of Governor Murphy’s economic development strategic plan, and Suuchi Inc.’s business model aligns with this vision,” said NJEDA CEO Tim Sullivan. “Between its technology-based business model and its commitment to creating advanced manufacturing jobs, New Jersey is positioned to support Suuchi’s continued growth.”
 
To read Governor Murphy's full economic plan, please visit: /wp-content/uploads/pdfs/StrongerAndFairerNewJerseyEconomyReport.pdf
 
About the New Jersey Economic Development Authority
The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth.  The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy.  Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.
 
To learn more about EDA resources for businesses call EDA Customer Care at 609-858-6767 or visit https://www.njeda.com  and follow @NewJerseyEDA on FacebookTwitter and LinkedIn.
 
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TRENTON, N.J. (August 20, 2018) – The Garden State has been selected as one of four states to participate in a policy academy to identify best practices, partnerships, and policies to strengthen the manufacturing industry in their communities, the New Jersey Economic Development Authority (EDA) announced today.

Funded by the National Institute of Standards and Technology Manufacturing Extension Partnership and organized by the State Science & Technology Institute (SSTI) in Ohio and the Center for Regional Competitiveness, the Policy Academy on Strengthening Your State’s Manufacturers (Policy Academy) will offer New Jersey and other selected states dedicated technical assistance to help develop and implement policies that will strengthen their manufacturing bases. New Jersey joins Kentucky, Puerto Rico, and Utah in the Policy Academy.

“New Jersey’s selection into the Policy Academy reaffirms Governor Murphy’s proactive approach to reclaiming the State’s role as a leader in innovation and manufacturing,” EDA Chief Executive Officer (CEO) Tim Sullivan said. “We are confident that SSTI’s programming and expertise will help us build actionable plans that effectively support this crucial sector as part of the Governor’s larger goal to strengthen our state’s economy.”

The technical assistance provided by the Policy Academy will support the State in developing and implementing a plan to support manufacturing-related partnerships and policies that will help to move its economic development strategy forward. Peer-to-peer learning opportunities, webinars, visits by a lead technical expert and experience facilitator, and one-one-one meetings with Policy Academy instructors are all included in the Academy. Participation in the Academy will result in the identification of a set of actions for New Jersey and its manufacturing community to implement to ensure the State is well-positioned to capture 21st century manufacturing jobs and growth.

More than 11,000 small and large manufacturing firms currently employ over 375,000 workers within the Garden State, with an emphasis on technologically-advanced manufacturing processes across industries. In total, New Jersey’s manufacturing sector is worth $44.52 billion in output and represents 7.8 percent of the State’s gross domestic product.

Since January, the Murphy administration has taken the following steps to increase support of its manufacturing sector:

  • Created a Jobs and Economic Opportunity Council to provide Governor Phil Murphy’s office with economic advice for stimulating job growth and workforce development in the State.
  • Launched the New Jersey Apprenticeship Network to bolster on-the-job training in advanced manufacturing, clean energy, and other high growth sectors and strengthen the connections between our education and workforce systems.
  • Made important investments in critical transit and intercity rail infrastructure that are essential to the manufacturing sector in New Jersey and the nation.
  • Ordered the development of a new Energy Master Plan to create a roadmap to get to 100 percent clean energy by 2050, ensure a modern, affordable, and reliable energy system, and attract clean energy supply chain companies.

 
“For more than twenty years, we’ve helped develop and implement initiatives that support prosperity through science, technology, innovation and entrepreneurship," SSTI President and CEO Dan Berglund said. “We’re excited to launch this new Academy and have included New Jersey based on the critical role manufacturing plays in its economy and its forward-thinking vision for the industry’s future.”

By choosing New Jersey for this year’s Policy Academy class, or “cohort”, SSTI also recognized the State’s long history of research and development, its highly-educated workforce, and its strategic Northeast Corridor location. These factors are enhanced by connections to international markets, with the Port of New York and New Jersey being the third-largest port in the United State by volume and the largest by value of goods.

The EDA will spearhead the State’s delegation to the academy. The EDA submitted the Garden State’s application in partnership with the New Jersey Manufacturing Extension Partnership (NJMEP). Brian Sabina, the Senior Vice President of the new Office of Economic Transformation (OET) within the EDA, will lead New Jersey’s 15-person delegation, which will include senior government and private sector officials, academics, as well as industry group leaders. NJMEP is a non-profit organization that offers training and resources to support small- and mid-size manufacturing businesses within New Jersey.

“Advanced manufacturing has been identified by the Governor and OET as one of several sectors that will be pivotal in fortifying the State’s long-term competitiveness,” said Sabina. “We are confident that our work with the SSTI and the NJMEP will fuel meaningful policy that will serve as a foundation for a viable long-term strategy for economic development.”

Sabina expects that lessons learned through the year-long Policy Academy will not only strengthen the state’s manufacturing economy, but also promote long-term benefits to the entire state, including reduced unemployment, increased private sector investment, and a more diverse and knowledgeable workforce.
"NJMEP and its Industry Partners are very excited about this next logical step being taken by our State in regard to this National Policy Academy. Coupled with the year-old New Jersey Legislative Bi-Partisan Manufacturing Caucus, this teaming is unprecedented in my more than 30 years in the manufacturing and engineering sectors in New Jersey,” said NJMEP CEO John W. Kennedy, Ph.D. “Now we are adding applicable and viable tools that did not exist in the past."

The EDA offers a range of resources to support New Jersey’s manufacturing sector, including low-interest loans and bond financing. Visit https://www.njeda.com/manufacturing and follow @NewJerseyEDA on FacebookTwitter and LinkedIn to learn more.

TRENTON, N.J. (September 14, 2017) –  Projects approved today by the Board of the New Jersey Economic Development Authority (EDA) will add to momentum already underway in the State’s advanced manufacturing sector. Grow New Jersey (Grow NJ) tax credits will encourage two food manufacturers to locate in New Jersey, where combined, they would create more than 150 new jobs and drive more than $15.4 million in private investment.
 
Grow NJ is the State’s primary program for job creation and retention under the Economic Opportunity Act (EOA.)  One of the key legislative objectives of the EOA is to drive growth in targeted industries, which in addition to manufacturing, also include finance, technology and life sciences, and logistics.
 
According to the Spring 2017 study of New Jersey’s advanced manufacturing cluster released by the New Jersey Department of Labor & Workforce Development’s Office of Research & Information, advanced manufacturing accounts for nearly 84 percent of manufacturing employment in New Jersey. Within advanced manufacturing, employment in food manufacturing is second only to chemical manufacturing, with more than 31,500 employed in New Jersey in 2015.
 
“New Jersey has a long, rich history in the food industry, and is home to many leading food companies,” said EDA Chief Executive Officer Melissa Orsen. “The State holds a special appeal for food manufacturers based on its logistical advantages and highly-skilled labor pool.”
 
In Bergen County, Schuster Meat Corporation, a Bronx-based, USDA-approved meat manufacturer in need of additional space, is considering a relocation to Lodi, where it would purchase a 53,000-square-foot facility. If the company opts for New Jersey over leasing a competing facility in the Bronx, the project would result in the creation of 40 new jobs and private investment of more than $8.9 million.
Gourmet Nut Inc. is contemplating a move from Brooklyn to Middlesex County, where the manufacturer and distributor of nuts, dried fruits, and trail mixes would acquire a 61,950-square-foot facility in Perth Amboy to increase cost-effectiveness and expand into other retail channels.  The company expects to create more than 110 new jobs and invest more than $6.4 million if New Jersey is chosen over a location under consideration in Allentown, PA.
 
Orsen noted that New Jersey’s food and agriculture industry is estimated to produce $105 billion in revenues annually, and the State is home to more than 1,900 food manufacturing companies, not including the State’s thousands of food-distribution centers, retailers, and farms.
 
One additional manufacturing project was approved for Grow NJ tax credits today. Elite Décor, Inc., a custom window treatment manufacturer which has outgrown its headquarters and production facility in Brooklyn, is considering relocating to Passaic County, where it would purchase a 78,000-square-foot facility. Should Elite Décor choose to locate in New Jersey over Middletown, New York, the company would create more than 100 new jobs and invest more than $2 million in Clifton.
 
EDA Board meetings are typically held at 10 a.m. on the second Tuesday of each month at 36 West State Street in Trenton. The Board meeting schedule, as well as Board agendas and minutes, are available at www.njeda.com. All Board actions will take effect at the expiration of the statutory period for the Governor’s review and consideration of the meeting minutes.
 
The EDA is part of the State’s results-driven Partnership for Action.  Created by Governor Christie and led by Lt. Governor Guadagno, the Partnership is the hub for all economic development activity in New Jersey and is comprised of four interconnected and highly focused organizational elements: Choose New Jersey, The Business Action Center, the Office of the Secretary of Higher Education and the EDA.
 
To learn more about EDA resources for manufacturing companies, including tax credits, loans, and tax-exempt bonds, visit www.njeda.com and follow @NJEDAWasHere on Twitter and LinkedIn.
 
For information about opportunities for business growth throughout New Jersey, visit the State’s business portal at www.NewJerseyBusiness.gov or call the Business Action Center at (800) JERSEY-7.

TRENTON, N.J. (December 13, 2016) –  Three manufacturing sector projects expected to create a total of 390 new jobs were approved today by the Board of the New Jersey Economic Development Authority (EDA) for tax credits under the Grow New Jersey (Grow NJ) Program. Advanced under the New Jersey Economic Opportunity Act (EOA), Grow NJ is the State’s main job creation and retention incentive program.
 
“Manufacturing is one of several key industries targeted for growth under the EOA,” said EDA Chief Executive Officer Melissa Orsen.  “Manufacturers are particularly important to the State’s economy for the career opportunities they offer, but also for the trade activity they spur and the important goods they provide that fuel other industries.”
 
Under the Grow NJ program, projects in targeted industries are eligible for “per job” bonuses. Orsen notes that more than 60 percent of tax credits approved to date under Grow NJ are for projects in a defined targeted industry; of those, more than 45 percent are in the manufacturing sector. Other targeted sectors under the EOA include technology, life sciences, finance, and logistics.
 
In Passaic County, Vitaquest International LLC, a custom contract manufacturer of nutritional supplements, is expanding its assembly and packing capabilities by moving to a 79,650-square-foot facility in Paterson where it will invest more than $4.1 million. The expansion in Paterson would result in the creation of 100 new jobs and retention of 110 jobs at risk of leaving the State for Rochester, NY.
 
Cascades Containerboard Packaging, a manufacturer of containerboard and corrugated paper products, is considering constructing a state-of-the-art facility in Union County, in the city of Elizabeth, Union County, or Newtown, CT.  The project is expected to create 182 new jobs, and is associated with private investment of more than $116 million.
 
In Somerset County, Cyalume Specialty Products Inc., may expand in Franklin Township, where it would invest $4.5 million to renovate a 44,392-square-foot facility, or relocate to a company-owned facility in West Springfield, MA.  If it chooses Franklin Township, the manufacturer of specialty chemical products for the pharmaceutical, medical products and cosmetics markets expects to create 10 new jobs and retain 27 at risk of leaving the State.
 
Projects in two other sectors targeted for growth under the EOA, finance and life sciences, were highlighted at today’s meeting.  Advisor Group, Inc., a financial services company consisting of a network of broker-dealers, is considering relocating to Jersey City, bringing with it 60 new jobs and $1.78 million in private investment.  If Advisor Group chooses Jersey City over Brooklyn, it would lease and renovate a 17,840-square-foot facility.
 
Also in Jersey City, life sciences company Noven Pharmaceuticals, a specialty pharmaceutical company engaged in the research and development, manufacturing, marketing and sale of prescription pharmaceutical products, has identified a 16,000-square-foot facility where it may locate 30 employees and invest $1.9 million in the new site.  The alternative would be to relocate these positions to the company’s headquarters in Miami.
 
The Business Action Center (BAC) worked in collaboration with the EDA to help cultivate these economic development projects, providing interdepartmental advocacy and ongoing customer support. As a performance-based program, approved Grow NJ projects must first generate new tax revenue, complete capital investments, and/or hire or retain employees to receive approved benefits.
 
The EDA and BAC are part of the State’s results-driven Partnership for Action.  Created by Governor Christie and led by Lt. Governor Guadagno, the Partnership is the hub for all economic development activity in New Jersey and is comprised of four interconnected and highly focused organizational elements: BAC, Choose New Jersey, the Office of the Secretary of Higher Education and the EDA. 
 
In other Board action, the EDA approved changes to its Economic Impact Model.  Details can be found via www.njeda.com/EIModelComments.
 
EDA Board meetings are typically held at 10 a.m. on the second Tuesday of each month at 36 West State Street in Trenton. The Board meeting schedule, as well as Board agendas and minutes, are available at www.njeda.com. All Board actions will take effect at the expiration of the statutory period for the Governor’s review and consideration of the meeting minutes.
 
To learn more about opportunities for business growth throughout New Jersey, visit the State’s business portal at www.NewJerseyBusiness.gov or call the Business Action Center at (866) 534-7789.
 
 

TRENTON, N.J. (July 14, 2016) – Five projects approved by the Board of the New Jersey Economic Development Authority (EDA) today for tax credits under the Grow New Jersey (Grow NJ) Program are expected to create more than 400 new manufacturing jobs in the State. Advanced under the New Jersey Economic Opportunity Act (EOA), Grow NJ is the State’s main job creation and retention incentive program.
 
“Manufacturing companies are drawn to New Jersey for its skilled labor pool and proximity to major ports and other logistical assets,” said EDA Chief Executive Officer Melissa Orsen. “Encouraging investment and growth in targeted industries, including manufacturing, is one of the major objectives of the Grow NJ program.”
 
Orsen notes that more than 60 percent of tax credits approved to date under Grow NJ are for projects in a defined targeted industry; of those, more than 40 percent are in the manufacturing sector. Other targeted sectors under the EOA include technology, life sciences, finance, and logistics.
 
In Bergen County, Flaum Appetizing Corp., a manufacturer and distributor of kosher food products, is considering relocating its operations from Brooklyn to industrial space in Ridgefield Park or Newburg, NY, bringing with it 104 manufacturing jobs.  
 
Grow NJ tax credits were also approved for two food industry manufacturers considering locating in Middlesex County. Virginia Dare Extract Co., Inc., a manufacturer and supplier of flavors, extracts and concentrates, is considering relocating from Brooklyn to occupy 152,000 square feet in a newly constructed 206,000-square-foot building in Carteret, which would result in the creation of 104 new jobs in the State. 
 
Classic Cooking, a manufacturer and distributor of home-style food products sold in specialty and grocery stores, has identified a 33,000-square-foot facility in Woodbridge, to which it may move its manufacturing operations from Jamaica, NY, including 100 jobs. The alternative under consideration by the company is in Hauppauge, NY.
 
Veeco Process Equipment, a Somerset County manufacturer of thin film process technologies for the electronic industry, may streamline part of its New York and New Jersey operations into its existing Somerset facility, where it would reconfigure and expand, adding 49 new jobs and retaining 26 at risk of leaving the State.  If it does not consolidate in Somerset, the company will leave the State to invest and expand in leased space in New York.
 
Microcision LLC, a manufacturer of medical implant devices, which has outgrown its current, company-owned, Philadelphia location, has identified a 40,000-square-foot facility in Pennsauken Township, Camden County. If Microcision chooses to locate in New Jersey, it would purchase and renovate this facility, rather than expanding its existing facility, making it home to 70 employees relocated from Philadelphia.
 
The Business Action Center (BAC) worked in collaboration with the EDA to help cultivate these economic development projects, providing interdepartmental advocacy and ongoing customer support. As a performance-based program, approved Grow NJ projects must first generate new tax revenue, complete capital investments, and/or hire or retain employees to receive approved benefits.

The EDA and BAC are part of the State’s results-driven Partnership for Action.  Created by Governor Christie and led by Lt. Governor Guadagno, the Partnership is the hub for all economic development activity in New Jersey and is comprised of four interconnected and highly focused organizational elements: Choose New Jersey, BAC, the Office of the Secretary of Higher Education and the EDA. 
 
EDA Board meetings are typically held at 10 a.m. on the second Tuesday of each month at 36 West State Street in Trenton. The Board meeting schedule, as well as Board agendas and minutes, are available at www.njeda.com. All Board actions will take effect at the expiration of the statutory period for the Governor’s review and consideration of the meeting minutes.
 
To learn more about opportunities for business growth throughout New Jersey, visit the State’s business portal at www.NewJerseyBusiness.gov or call the Business Action Center at (866) 534-7789.