A meeting of the Capital City Redevelopment Corporation (CCRC) Board has been scheduled for Tuesday, April 16, 2019 at 10:00 am in the EDA Board Room, 36 West State Street, Trenton, NJ.
A copy of the proposed agenda can be found at http://web.njeda.com/ccrc/page.aspx?id=2461
TRENTON, N.J. (April 11, 2019) – The New Jersey Economic Development Authority (NJEDA) announced today that it has approved the addition of female-led coworking spaces Indiegrove, Princeton Innovation Center Biolabs (PICb), and CoWork Street to a growing list of collaborative workspaces that can offer rent support to startups moving into their facilities through NJ Ignite.
“Collaborative workspaces are embracing the opportunity to attract young, innovative companies while building an environment where entrepreneurs can network with, and learn from their colleagues,” NJEDA Chief Executive Officer Tim Sullivan said. “NJ Ignite provides access to affordable lab and office space, which is fundamental to cultivating a vibrant entrepreneurial ecosystem.”
NJ Ignite provides up to nine months of rent-support grants for technology and life sciences startup businesses moving to collaborative workspaces. The funding is made possible through a combination of support from the NJEDA and the collaborative workspace, with the NJEDA providing up to six months’ rent and the collaborative workspace providing rent for half the length of NJEDA’s commitment. NJ Ignite also benefits incubators, accelerators, and coworking spaces by assisting them in attracting young businesses, while encouraging the creation of new collaborative workspaces throughout the state. To date, a total of 14 collaborative workspaces have been approved to participate in the program.
Entrepreneurs at Indiegrove
Indiegrove, located near a downtown transit hub in Jersey City, provides its members ample resources and amenities such as meeting rooms, high-speed wireless access, and kitchen facilities. From a build-as-you-go option, which offers 10 days of shared workspace each month, to private offices for up to six people in a company, Indiegrove currently boasts 212 members, many of which are in the technology and life sciences industry. Indiegrove previously utilized a $175,000 loan from the NJEDA to help support the expansion of its facility.
“We have a remarkable community of dynamic entrepreneurs here in Jersey City,” Indiegrove Founder Zahra Amanpour said. “The NJEDA has been instrumental in supporting our growth, and we are confident that our participation in NJ Ignite will allow us to draw new tenants to Indiegrove.”
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Princeton Innovation Center Biolabs
Situated three miles from Princeton University, Princeton Innovation Center Biolabs (PICb) offers 31,000 square feet of shared wet- and dry-labs as well as private and coworking office space. PICb can accommodate up to 200 scientists and entrepreneurs who have access to amenities such as conference rooms, videoconference capabilities, a freezer room for storage of samples, four dedicated cell culture rooms, polymerase chain reaction (or PCR) machines to make millions of copies of a particular section of DNA, flow cytometers to analyze the characteristics of certain cells and particles, and fume hoods. It also provides smaller items like centrifuges, microscopes, and weigh scales.
“We’ve welcomed over a dozen startups since opening our doors last year and have seen interest from many other biology, chemistry, and engineering companies,” PICb Director Nishta Rao said. “We’re excited about the hub of entrepreneurship taking shape at Princeton Innovation Center Biolabs and see NJ Ignite as a pivotal tool for entrepreneurs wanting to start their businesses here.”
Entrepreneurs at CoWork Street
CoWork Street was launched by Founder/President Rosemari Hicks to create a place where all early-stage, sole proprietor businesses, and entrepreneurs could feel at home. The collaborative workspace is located on Market Street in downtown Camden, a few short blocks from City Hall and the Camden Waterfront, and one block from Rutgers University’s campus. CoWork Street offers open desks (community space), dedicated and office space, a conference room, training space, a phone room, a lounge area, and a full kitchen. As a minority business owner, Hicks says she also launched CoWork Street to connect other small and minority entrepreneurs with each other.
“Camden City is experiencing an unprecedented rebirth and our members have found tremendous value in launching their startups, and growing and scaling up their businesses here,” Hicks said. “We encourage entrepreneurs in all sectors, including technology and life sciences, to come check out all that we have to offer.”
While participating NJ Ignite collaborative workspaces are free to set their own criteria on how they will select eligible startups, all participating locations must adhere to certain requirements, which include hosting a minimum of eight innovation ecosystem-building events per year such as networking events and office hours to provide tenants with access to professional services. Indiegrove, Princeton Biolabs, and CoWork Street routinely host networking and educational events for their tenants.
The NJEDA is currently reviewing additional applications from collaborative workspaces for participation in NJ Ignite. Workspaces that have not yet applied but are interested in learning more about the program should visit https://www.njeda.gov/njignite or email njignite@njeda.com. The website also has information for entrepreneurs and startups looking to benefit from the program, including steps they can take to apply.
To learn about the multitude of resources available to help technology and life sciences companies thrive, visit https://www.njeda.gov/tls and follow @NewJerseyEDA on Facebook, Twitter, and LinkedIn.
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TRENTON, N.J. (April 9, 2019) – The New Jersey Economic Development Authority (NJEDA) today approved the creation of a new Brownfields Loan Program that will provide low-interest financing to help complete remediation of vacant or underutilized brownfields sites, paving the way for these sites to be revitalized and put back to productive use. The program is part of Governor Phil Murphy’s efforts to drive targeted investments in underserved communities.
“Investing in communities is a pillar of our plan for a stronger and fairer New Jersey economy, and the brownfields loan program is a crucial tool we can use to build cleaner, safer communities where businesses and families can thrive,” said Governor Murphy. “Cleaning up contaminated sites and repurposing them for productive use allows us to achieve our goals for economic growth while protecting our environment and minimizing sprawl.”
The expanded brownfields loan program will provide low-interest bridge financing to make the remediation phase of a project financially viable. The program will make financing of up to $5,000,000 available to potential brownfield site purchasers and current brownfield site owners to cover the costs associated with site investigation, assessment and remediation, and building and structural issues such as demolition and asbestos removal. While the brownfields loan will only finance the remediation aspect of the project, all projects must include a redevelopment plan for the reuse of the remediated site.
To be eligible for funding, the NJEDA will conduct an analysis of the project application to determine if the project is economically feasible or if a funding gap exists. The remediated property must also have an appraised value of at least 100 percent of all debt financing (including the proposed brownfields loan), and the project must submit an environmental report from a licensed site remediation professional or other qualified professional to verify that contamination exists on the site. Projects must also demonstrate local support through a letter of support from the mayor of the municipality in which the project is located.
Funding will be made available through competitive application rounds, and projects that meet this base eligibility will then be scored by Authority staff according to various details about the brownfields site and/or proposed redevelopment project. This will include the site location, the length of time the site has been vacant or underutilized, and alignment of the redevelopment project to local redevelopment plans. Priority of funding within a competitive round will be determined by highest overall scores, and all projects must meet a minimum score in order to be considered for funding.
The standard interest rate for projects that meet these baseline eligibility requirements will be fixed at 3 percent. However, the NJEDA will review proposed redevelopment plans and may apply interest rate reductions if the redevelopment project supports certain community development goals, including mixed-use residential development with an affordable housing component, food delivery sources in urban food deserts, primary health care services, tourism destination projects, electric vehicle charging stations, smart growth parking (convertible to commercial space), and incubators and collaborative workspaces.
“Transforming contaminated sites into productive projects that enhance the areas where they are located is one of the most effective investments we can make in New Jersey’s communities,” said NJEDA Chief Executive Officer Tim Sullivan. “The brownfields loan program and proposed remediation and revitalization tax credit will play a crucial role in getting these projects off the ground and bringing new life to communities around the state.”
Applications for the Brownfields Loan Program will be available in the coming months.
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.gov and follow @NewJerseyEDA on Facebook, Twitter, and LinkedIn.
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NEW YORK, N.Y. – Speaking to a packed house of wind industry leaders at the IPF Supply Chain Conference, Governor Phil Murphy today announced the creation of a New Jersey Offshore Wind Supply Chain Registry. The registry, which will be developed as part of the New Jersey Economic Development Authority’s (NJEDA) membership in the Business Network for Offshore Wind, will create a free online portal where investors exploring offshore wind-related projects in New Jersey will be able to find Jersey-based companies to partner with or purchase from.
“Developing a robust offshore wind industry is a key step to building a stronger, fairer New Jersey economy that provides good jobs and protects our environment for future generations,” said Governor Murphy. “The offshore wind supply chain registry will facilitate the delivery of our offshore wind projects and ensure New Jersey companies are first in line for opportunities they create.”
The NJEDA, through its Office of Economic Transformation (OET), has been working closely with the Board of Public Utilities (BPU) and other agencies on the Offshore Wind Task Force to expand New Jersey’s offshore wind industry. A consistent challenge throughout this process has been the lack of a comprehensive list of New Jersey-based companies that established offshore wind companies can partner with or purchase from as they plan projects in the state. The Offshore Wind Supply Chain Registry will address this problem by helping to attract more offshore wind companies to New Jersey and create new opportunities for Jersey-based companies by integrating them into the offshore wind supply chain.
“From our coastline to our robust infrastructure to our unparalleled workforce, New Jersey has all the ingredients to be a regional leader in offshore wind,” said NJEDA Chief Executive Officer Tim Sullivan. “Now it is important that we give New Jersey businesses the tools and exposure they need to take full advantage of this opportunity. The Offshore Wind Supply Chain Registry will make sure New Jersey-based businesses and the New Jersey communities they support benefit from the growth of this industry now and for years to come.”
“Offshore wind is on the verge of becoming one of the biggest industries in the world, and New Jersey will be at the forefront of that trend,” said NJBPU President Joseph L. Fiordaliso. “This is a once-in-a-generation opportunity for New Jersey businesses and workers, and our leaders throughout the state are working together to make sure we take full advantage of the benefits this industry can bring to the Garden State.”
To expedite the development of the registry and ensure it is ready to support New Jersey’s current 1,100 MW solicitation, the NJEDA is working with the Business Network for Offshore Wind, a 501(c)(3) organization dedicated to the development of a US offshore wind industry and its corresponding supply chain, to provide free access to the New Jersey portion of the Network’s industry-reviewed supply chain registry.
“We are excited to work with the NJEDA to open New Jersey up to more offshore wind opportunities,” said Liz Burdock, CEO & President of the Business Network for Offshore Wind. “Offshore wind is a rapidly-growing industry that will be a major economic driver for years to come. New Jersey’s proactive approach to establishing this portal will set an example for the rest of the country of how to build a robust wind economy that benefits local businesses and workers.”
The Network normally does not open its registry up to the public, but the partnership with the NJEDA will make the New Jersey-company portion of the registry publicly available for free through the NJEDA website. This will create a unique resource for offshore wind companies thinking of launching a supply chain project in New Jersey and will provide New Jersey-based companies with access to new partners in other states and in Europe.
“The lack of a comprehensive, searchable list of New Jersey-based offshore wind partners has been a consistent hurdle to unlocking offshore wind’s full potential to create new jobs and grow our economy,” said Brian Sabina, NJEDA Senior Vice President – OET. “The offshore wind supply chain registry will be a powerful tool for attracting major offshore wind projects to New Jersey and connecting New Jersey-based companies with new opportunities.”
Sabina said that the NJEDA has set a goal of including more than 650 New Jersey-based companies in the registry by mid-August, in time for the next annual Time for Turbines event in Atlantic City. He added that the registry will be accepting sign-ups and giving demonstrations of the system at the Network’s booth throughout the IPF conference and that the NJEDA will be launching a marketing campaign encouraging New Jersey businesses to participate in the registry over the coming months.
To access an early version of the portal please see www.njeda.gov/offshorewind
To read Governor Murphy's full economic plan, please visit: https://nj.gov/economicplan
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More than Half of Professional Service Providers and Subcontractors on the Project are Small, Minority, Veteran, and Women-Owned Businesses
TRENTON – The New Jersey Department of the Treasury and the New Jersey Economic Development Authority (NJEDA) will host a second opportunity forum next week to help small, women, minority, and veteran-owned subcontracting companies (SMWVBEs) explore opportunities to work on the new state office building development projects underway in Trenton.
The Small, Minority, Veteran, and Women-Owned Subcontractor Opportunity Event will take place on Monday, April 15, 2019 from 9:00 a.m. to 11:00 a.m. at Thomas Edison State University, Prudence Hall, 111 West State Street, Trenton, NJ.
The State Office Building Development Project is a partnership between the NJEDA and NJ Department of Treasury, Division of Property Management and Consulting (DPMC) to construct new Division of Taxation and Department of Health buildings in downtown Trenton. The project plans include a set-aside program with goals of ensuring at least 25 percent small business engagement, affirmative action hiring goals, and prevailing wage requirements.
So far, 12 of the 20 professional services providers and 11 of the 24 subcontractors hired to work on the projects are SMWVBEs.
“The administration is always striving to ensure an inclusive and level playing field when it comes to doing business with the State,” said State Treasurer Elizabeth Maher Muoio. “The success of the October Opportunity Forum led to the inclusion of a significant number of diverse subcontractors. Our hope is that this follow-up opportunity will help open the door for more diverse businesses to participate in the upcoming construction phases.”
Building on the success of the first Opportunity Forum in October 2018, the DPMC and the NJEDA organized the event as part of their efforts to create more opportunities for small businesses that may feel unprepared to work on large state projects.
“Building a stronger and fairer New Jersey economy starts with making sure everyone has access to the same opportunities,” said NJEDA Chief Executive Officer Tim Sullivan. “Providing the resources and guidance that small subcontractors need to compete for these jobs levels the playing field and creates new opportunities for these businesses to grow.”
Representatives from Turner and Torcon—the developers overseeing the construction projects—will detail available subcontractor jobs while representatives from the Department of the Treasury, the NJ Business Action Center, the Department of Labor, the African American Chamber of Commerce of New Jersey, the Veterans Chamber of Commerce, and the Office of Diversity and Inclusion will provide information and advice on the steps subcontractors must take to qualify for these jobs and bid on projects.
“So many small subcontractors are ready to take on these jobs and would succeed if given the chance,” said Trenton Mayor Reed Gusciora. “This event is a crucial step forward that will allow Trenton businesses to contribute to this valuable project revitalizing our downtown.”
Vendors and contractors who cannot attend but are interested in learning about opportunities related to the State Office Building Development Project should contact Turner or Torcon directly. For inquiries related to the Health building, contact Turner Construction. To get involved with the Taxation building project, contact Torcon.
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.gov and follow @NewJerseyEDA on Facebook, Twitter, and LinkedIn.
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NJ Ignite Participant Rutgers EcoComplex is a hub of entrepreneural activity.
TRENTON, N.J. (April 4, 2019) – The Rutgers University EcoComplex in Bordentown is a hub of activity for clean/alternative energy and environmental technology companies in New Jersey. Complete with amenities that include ample lab and office space, and a 1,900-square-foot, two-story “scale-up” lab that can be customized for specific demonstration activities, the EcoComplex is ideal for young companies working to commercialize their products.
The EcoComplex Clean Energy Innovation Center and Business Incubator offers startups the dual benefit of affordable lab and office space and easy access to educational and networking opportunities including workshops, events, and training sessions geared toward helping emerging companies flourish. Through a program called EcoIgnite: Clean Technology Accelerator, which is funded through the United States Economic Development Administration’s i6 Program, the incubator provides entrepreneurial boot-camps and meetups for companies to connect with investors, developers, and decision makers.
Many startup companies and Rutgers University spinouts have successfully graduated from the incubator since its inception in 2005, and tenants have employed Rutgers students and alumni for jobs and internships.
Rutgers EcoComplex is also an approved collaborative workspace under the New Jersey Economic Development Authority’s (NJEDA’s) NJ Ignite Program, meaning the EcoComplex has the ability to provide grant funding through the NJEDA to prospective new tenants to help support a portion of their rent.
Rutgers EcoComplex Director Serpil Guran sees NJ Ignite as an innovative way to attract new tenants to the incubator.
“Our facility and comprehensive business development program are perfect for startups in the clean energy and environmental technology industries that are looking for a supportive launching pad,” Rutgers EcoComplex Director Serpil Guran said. “By providing rent support through NJ Ignite, we hope to bring these businesses out of their garages and basements and into a place specifically tailored to help them succeed.”
NJ Ignite provides up to nine months of rent support grants for technology and life sciences startup businesses moving to collaborative workspaces. The funding is made possible through a combination of support from the NJEDA and the collaborative workspace, with the NJEDA providing up to six months’ rent and the collaborative workspace providing rent for half the length of NJEDA’s commitment. Due to the EcoComplex’s affiliation with Rutgers University, it can offer participating tenants an additional month of rent, totaling ten months, with seven months of support coming from the NJEDA. The Clean Energy Innovation Center and Business Incubator is one of 11 collaborative workspaces currently approved by NJEDA to participate in NJ Ignite.
“Collaborative workspaces like the EcoComplex Clean Energy Innovation Center and Business Incubator, which sit at the intersection of industry and academia, are vital to Governor Murphy’s vision of making New Jersey the State of Innovation,” New Jersey Economic Development Authority (NJEDA) Chief Executive Officer Tim Sullivan said. “The tenants benefit from resources and collaboration opportunities offered through the incubator, and New Jersey benefits from the jobs that are created and from the innovative work being done by these early-stage companies.”
With fifteen companies currently operating in the facility and approximately two dozen entrepreneurs participating in EcoIgnite over the past two years, the EcoComplex “Clean Energy Innovation Center and Business Incubator” plays an important role in New Jersey’s innovation ecosystem. In 2018 alone, the incubator’s tenants created 17 jobs, brought in over $2.2 million in revenue, and attracted $120,000 in third-party funding.
Clean/alternative energy and environmental technology companies interested in touring the Rutgers EcoComplex’s Clean Energy Innovation Center and Business Incubator should contact Guran at 609-499-3600 x 4225 or sg795@njaes.rutgers.edu.
To learn about the multitude of resources available to help technology and life sciences companies thrive, visit https://www.njeda.gov/tls and follow @NewJerseyEDA on Facebook, Twitter, and LinkedIn.
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TRENTON, N.J. (April 3, 2019) – The New Jersey Economic Development Authority (NJEDA) today announced applications for the Small Business Lease Assistance Program are now available. The program, which reimburses small businesses a portion of annual lease payments for new or additional space leased in targeted cities around the state, is part of the NJEDA’s efforts to invest in communities by revitalizing commercial corridors.
“Bringing small businesses back to New Jersey’s main streets and downtown areas is central to creating walkable, transit-accessible neighborhoods where people will choose to live and work,” said Lieutenant Governor Sheila Y. Oliver, who also serves as Commissioner of the Department of Community Affairs. “NJEDA’s Small Business Lease Assistance Program will help to attract new businesses, create new jobs, and lend a hand in community revitalization – it’s a win-win for New Jersey.”
The Small Business Lease Assistance Program reimburses businesses and nonprofit organizations 15 percent of annual lease payments for two years when they rent market-rate, first-floor office, industrial, or retail spaces for a minimum 5-year term. Businesses in the program can lease spaces of any size, but will only receive NJEDA reimbursements on the first 5,000 square feet of leased space.
“Supporting small businesses that create good jobs for residents is a critical component of Governor Murphy’s plan to invest in communities,” said NJEDA Chief Executive Officer Tim Sullivan. “The Small Business Lease Assistance Program will provide businesses the support they need to get off the ground, helping to build more vibrant downtown areas that attract more businesses and the talent we need to build a competitive economy.”
The program is available in thirteen cities, including the five legislatively-designated Garden State Growth Zones (GSGZs)—Atlantic City, Camden, Trenton, Passaic, and Paterson—as well as eight Urban Enterprise Zones (UEZs) with Main Streets as designated by the NJ Department of Community Affairs: Bridgeton, Jersey City, Millville, Mt. Holly, Phillipsburg, Plainfield, Salem, and Vineland. Within each municipality, the NJEDA can approve up to $100,000 in lease assistance per year for three years. To ensure the greatest possible impact, the NJEDA has coordinated with the eligible municipalities on specific areas of eligibility within the cities that are consistent with local redevelopment plans and fit into the city’s long-term vision.
Each of the cities has also designated a program representative to assist businesses with the application process, questions specific to the city, and to help market the program to local businesses. Each city’s representative can be found at www.njeda.gov/LeaseAssistance.
“The Small Business Lease Assistance Program is an important tool for creating vibrant, walkable communities,” said Christina Fuentes, Director of Small Business Services at the NJEDA. “Small businesses are what make communities unique and helping them thrive is the best way to foster dynamic and inclusive cities and downtown areas that make New Jersey special.”
In addition to the Small Business Lease Assistance Program, the NJEDA also supports small businesses with low-interest loans, bond financing, and educational programming. Many of these programs place a special emphasis on supporting women-, minority-, and veteran-owned businesses.
Business owners can apply for the Small Business Lease Assistance Program here: https://www.njeda.gov/LeaseAssistance
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.gov and follow @NewJerseyEDA on Facebook, Twitter, and LinkedIn.
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The New Jersey Economic Development Authority's next public Board Meeting will be held on Tuesday, April 9, 2019 at 10 a.m. at the EDA offices at 36 West State Street, Trenton. A copy of the proposed agenda can be found prior to the meeting at www.njeda.gov/Board. Following the Board Meeting, minutes and the full agenda will also be available at www.njeda.gov/Board.
Under the direction of CEO Mathieu Petitjean, CCIT Tenant Genesis Imaging Services offers cloud-based image analysis tools for scientists and researchers to quantify fibrosis.
TRENTON, N.J. (April 2, 2019) – Responding to a growing need to find a cure for fibrotic diseases, Genesis Imaging Services offers cloud-based image analysis tools for scientists and researchers from its new home at the Commercialization Center for Innovative Technologies (CCIT) – a life sciences incubator owned by the New Jersey Economic Development Authority (NJEDA).
With an initial focus on a liver condition called “nonalcoholic steatohepatitis,” more commonly known as NASH, Genesis Imaging is developing novel automated tissue imaging methods to quantify fibrosis and sees its proprietary image analysis methods as instrumental to scientists and researchers developing pre-clinical and clinical-stage therapies. Genesis Imaging’s pipeline includes image analysis tools to quantify collagen/fibrosis in liver, kidney, lung, heart, gastrointestinal track, and skin fibrotic diseases, as well as several cancer conditions where the extracellular fibrotic structure matters.
Genesis Imaging has conducted and published collaborative projects with the Cleveland Clinic, University of Michigan, University of Florida, University of San Diego, Beth Israel Deaconess Medical Center, and the NASH-Clinical Research Network, and has serviced major pharmaceutical and biotechnology companies in the field of fibrosis quantification. The company’s funnel of academic and industrial collaborations is expanding rapidly worldwide.
Genesis Imaging moved to the CCIT life sciences incubator in North Brunswick after outgrowing the shared workspace it had been leasing in Princeton.
Genesis Imaging Chief Executive Officer Mathieu Petitjean says he was drawn to CCIT for its reputation and high-quality program, which includes a suite of amenities and numerous networking and collaboration opportunities. Petitjean, a resident of Branchburg, sees Genesis Imaging’s arrival at CCIT as a homecoming of sorts. He was LLTech’s chief operating officer of US operations during the company’s time at CCIT in 2011 and 2012.
“When it came time to find lab space for Genesis Imaging, I knew right away that CCIT offered the amenities we needed,” Petitjean said. “We couldn’t be happier with the personalized attention, affordable lab space, and access to business-development resources. Locating in central New Jersey also positions us well to form partnerships with the many large pharmaceutical companies based in the Garden State.”
Strategically placed in the heart of the State’s research corridor between Rutgers and Princeton universities, CCIT offers 27 wet labs, the most of any life sciences incubator in New Jersey. Currently home to nearly two-dozen businesses, the 46,000-square-foot incubator includes both small and large labs, as well as offices. CCIT also offers discounted first-year rent for university spinouts. Additionally, CCIT provides tenant companies like Genesis Imaging with educational programs and a host of supporting resources, including help to identify funding sources and access to small business development resources, networking opportunities, and administrative support.
“Seeing innovative entrepreneurs like Mathieu choose to locate in New Jersey reaffirms Governor Murphy’s message that the Garden State is reemerging as leader in innovation,” NJEDA CEO Tim Sullivan said. “We are pleased that Genesis Imaging has chosen to be part of the exciting things that are happening at CCIT.”
CCIT is located within the Technology Centre of New Jersey, a 50-acre research park that houses such companies as Allergan, Boehringer Ingelheim Animal Health USA, Inc., and CCIT graduate Orthobond. Companies interested in touring CCIT should visit www.njeda.gov/CCIT or contact Lenzie Harcum at lharcum@njeda.com.
To learn about the multitude of resources available to help technology and life sciences companies thrive, visit https://www.njeda.gov/tls and follow @NewJerseyEDA on Facebook, Twitter, and LinkedIn.
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Beena Sukumaran, Ph.D. vice president for Research, Rowan University
TRENTON, N.J. (March 27, 2019) – Marking an exciting milestone in the advancement of the State’s Research with NJ portal, Rowan University today announced that it has launched Research with Rowan. Research with NJ is a free portal that showcases New Jersey’s experts in science, technology, engineering, and mathematics (STEM), including the researchers’ professional backgrounds, publications, and achievements. With today’s announcement, all six of the participating universities – Rowan; New Jersey Institute of Technology; Princeton; Montclair State; Rutgers; and Stevens Institute of Technology – now have their own unique portals that combine to populate the state-level Research with NJ portal.
“Governor Murphy’s plan for building a stronger and fairer New Jersey economy is centered around fostering innovation. Research with NJ facilitates collaboration among scientists, engineers, innovators, and business leaders who can turn ideas into valuable businesses and products,” said NJEDA Chief Executive Officer Tim Sullivan. “Having all six New Jersey research universities engaged in this project ensures the database is comprehensive and creates the most opportunities for strengthening our innovation economy.”
Research with NJ is a collaborative effort by the New Jersey Economic Development Authority (NJEDA) and the Office of the Secretary of Higher Education (OSHE) to forge stronger connections between New Jersey’s research universities and industry. In total, Research with NJ includes nearly 3,700 faculty profiles and more than 210,000 published articles. The database was recently expanded to include information on 2,200 research grants and 75 core facilities (equipment). Research with Rowan alone contains more than 250 profiles and more than 4,000 published works. Consolidating this robust body of research in an easy-to-navigate database facilitates building innovative businesses based on the latest scientific and technological breakthroughs. The database can be accessed at www.ResearchwithNJ.com.
“Research with Rowan provides entrepreneurs and industry leaders a window into the innovative work going on at Rowan University,” said Beena Sukumaran, Ph.D. vice president for Research, Rowan University. “This insight will open the door to groundbreaking collaborations that have the potential to usher in a new era of New Jersey’s leadership in the innovation economy and create new opportunities for students and workers.”
The announcement of Rowan’s research portal took place at the University’s second annual Faculty Research Day. The event, which featured 100 faculty members and 18 research partners, celebrates outstanding research, scholarship, and creative activity by faculty from all Rowan campuses, all colleges and schools that comprise Rowan, and dozens of disciplines. The day’s program included a research showcase; awards presentations; and keynote addresses by BioNJ President and CEO Debbie Hart and New Jersey State Assemblyman Andrew Zwicker, head of communications and public outreach at the Princeton Plasma Physics Laboratory.
“We appreciate the commitment Rowan and the other five New Jersey research universities have made to this initiative,” said Secretary of Higher Education Zakiya Smith Ellis. “The research taking place in our universities is one of New Jersey’s most important assets, and this database allows entrepreneurs to leverage it to build the next generation of groundbreaking companies and products.”
Research with NJ was developed under the leadership of an Advisory Board consisting of the participating research universities and industry representatives from the New Jersey Business & Industry Association, Choose New Jersey, BioNJ, the HealthCare Institute of New Jersey, the R&D Council of New Jersey, and the New Jersey Tech Council. The Advisory Board provides oversight and recommendations to ensure the portal’s sustainability and success.
Presented by the South Jersey Technology Park, Rowan’s Faculty Research Day was sponsored by Elsevier, Inspira Health Network, Ørsted, Saul Ewing, Fisher Broyles, and TreMonti Consulting.
To read Governor Murphy's full economic plan, please visit: https://nj.gov/economicplan
About the Office of the Secretary of Higher Education
The Secretary of Higher Education is the primary advisor to the Governor on higher education policy in New Jersey. The Office of the Secretary of Higher Education (OSHE) advocates for and develops policies and programs that provide students from all backgrounds accessible and affordable higher education opportunities that prepare them for success in life after college. In addition, the Secretary works to maximize the talent and resources in our colleges and universities, matching world-class research with the needs of industry, the demands of students, and the policy goals of the State.
To learn more about the Office of the Secretary of Higher Education, visit https://www.state.nj.us/highereducation/ and follow @NJHigherEd on Twitter.
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.gov and follow @NewJerseyEDA on Facebook, Twitter and LinkedIn.