Major Artificial Intelligence Hub Will Bolster State’s Innovation Economy

Microsoft, CoreWeave, New Jersey Economic Development Authority, and Princeton University Expected to Invest Over $72 Million to Support the Long-Term Success of the Hub

TRENTON, N.J. (January 27, 2025) – Governor Phil Murphy and Princeton University President Christopher L. Eisgruber today announced that Microsoft and CoreWeave will join the State and Princeton as founding partners in the NJ AI Hub. The NJ AI Hub will serve as a state-of-the-art, collaborative ecosystem that integrates world-class research, innovation, education, and workforce development. As part of this investment in the NJ AI Hub, Microsoft will leverage its TechSpark program to provide expertise and resources for AI skilling and workforce development to create opportunities for innovation in New Jersey and the region.

The NJ AI Hub will help position New Jersey as a leading East Coast center for AI innovation. It will be located along Route 1 — New Jersey’s innovation corridor — at 619 Alexander Road in Princeton, in space provided by Princeton University.

“As the AI industry rapidly evolves, it’s imperative that we capitalize on this moment in New Jersey. I’m incredibly proud of this partnership with the top leaders in the industry and higher education, which further establishes our state as a hub for cutting-edge AI innovation and talent,” said Governor Murphy. “AI’s economic and innovation potential is vast, giving us the chance to take our state to new heights. This partnership will not only solidify New Jersey’s position as a global technology leader, it will also attract high-paying, sustainable jobs for our residents, allowing for a stronger and more prosperous future for our state.”

“The addition of Microsoft and CoreWeave as founding partners of the NJ AI Hub demonstrates how government, higher education and the corporate sector are coming together to advance AI innovation and the regional innovation ecosystem — two of Princeton’s highest priorities,” President Eisgruber said. “I’m eager to see many of the state’s other excellent colleges and universities join this effort as its development continues.”

“New Jersey has long been at the forefront of American innovation and AI is the next chapter of this journey,” said Brad Smith, Vice Chair and President of Microsoft. “By leveraging the strengths of the private sector, Princeton, and the state of New Jersey, our goal is to build a thriving regional AI economy that not only drives economic growth, but sets a new standard for research, development, and workforce development.”

“This collaboration represents the best of what private-public partnerships can achieve, bringing together the brightest minds from government, academia, the business community, and our team of experts to foster groundbreaking AI innovation in New Jersey,” said Brian Venturo, co-founder and Chief Strategy Officer at CoreWeave. “Together, we’re advancing the future of technology while driving meaningful economic growth and strengthening New Jersey’s role as a leader in the global AI landscape. New Jersey is our home, and we’re excited to continue our partnership with the state by making it a leader in AI advancement.”

“AI is rapidly evolving and New Jersey is capitalizing on this moment to cement our place as a national leader in the industry. By bringing together world-class leaders like Princeton, Microsoft, and CoreWeave, Governor Murphy is building upon the Garden State’s longstanding legacy in innovation and helping advance cutting-edge AI technologies,” said New Jersey Economic Development Authority Chief Executive Officer Tim Sullivan. “The opportunity presented by AI aligns with Governor Murphy’s vision for cultivating high-growth sectors, with the goal of creating family-sustaining career opportunities. Showcasing New Jersey’s bustling innovation community, talent pool, and robust resources will help AI companies recognize the state’s value proposition for growing innovative companies of the future.”

Microsoft, CoreWeave, the NJEDA, and Princeton University are founding equity partners in the newly created NJ AI Hub. Together, they expect to invest over $72 million to support the long-term success of the Hub, including up to $25 million of non-binding commitment from the NJEDA.

A portion of NJEDA’s and CoreWeave’s committed funding will include a planned NJ AI Venture Fund that will support innovation commercialization through equity investments.     

Microsoft, CoreWeave, the NJEDA, and Princeton University will focus on the following three pillars of programming at the NJ AI Hub:

Research and development:

The NJ AI Hub will help companies across a range of industry sectors integrate and apply AI in their businesses and use it to advance their research and development efforts. The Hub will focus on applications of AI in several industry sectors that have strong footprints in New Jersey such as the life sciences, clean energy and climate resilience, telecommunications and cybersecurity, and infrastructure and logistics. The NJ AI Hub will also actively engage New Jersey’s research universities on applied research in AI and will host events to connect companies developing and using AI tools with cutting-edge research and potential collaborators.

Commercializing and accelerating innovation:

An AI accelerator will be operated at the NJ AI Hub, which will help facilitate the growth of the early-stage AI ecosystem in New Jersey. The accelerator will host cohorts of start-up ventures and will provide them with essential support services such as workspace, compute power, legal assistance, and business development advice. In addition, these start-ups will have coordinated access to the NJ AI Hub’s corporate partners for mentorship and networking opportunities.

Strengthening AI education and workforce development:

The Hub will work closely with New Jersey’s higher education community to promote high-quality talent development at all levels and will leverage the resources of Microsoft’s TechSpark program. By developing shared curricula, projects, and teaching tools for AI courses, training community college faculty in teaching AI, and creating upskilling opportunities to help workers across disciplines apply AI in their work, the Hub will coordinate efforts to build the State’s pool of AI talent. Ongoing collaboration with employers will ensure that education and training programs are providing trainees with industry-recognized credentials and in-demand skills for the workforce. The NJ AI Hub will also be able to connect employers with opportunities to host AI apprenticeships, develop customized upskilling training for their workers, recruit talent from New Jersey schools for jobs and internships, and partner with project-based AI courses at the college and graduate level.

Through this new AI Hub, Microsoft will be bringing its TechSpark program to New Jersey. Founded in 2017, Microsoft TechSpark fosters inclusive economic opportunity across the U.S., including job creation and innovation, by working in communities and investing in local organizations. TechSpark operates across all 50 states and to date, TechSpark has helped secure more than $700 million in community funding for local innovation, trained 65,000 people in critical technology skills, and created 4,500 jobs.

Plans for an AI Hub were announced by Governor Murphy and President Eisgruber in 2023. Pending NJEDA Board approval, the NJ AI Hub will be supported through the NJEDA’s Strategic Innovation Center (SIC) initiative. The NJEDA has executed a non-binding term sheet to support the NJ AI Hub’s operating budget for up to five years. In total, the NJEDA is anticipated to invest up to $25 million to support the NJ AI Hub and the NJ AI Venture AI Fund.

For further updates, please visit the NJ AI Hub website at njaihub.org.

About the NJEDA

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 NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on FacebookTwitterInstagram, and LinkedIn.

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TRENTON, N.J. (February 5, 2025) – The New Jersey Economic Development Authority (NJEDA) will open applications for Phase II of the Atlantic City Revitalization Grant Program on Friday, February 7, 2025 at 10:00 a.m. The program aims to address the negative impacts of COVID-19 by supporting capital projects that enhance Atlantic City by addressing at least one of the following local impact considerations: small business efforts, clean and safe efforts, food insecurity efforts, downtown vitality efforts, or job and office space creation.

WHAT:          The Atlantic City Revitalization Grant Program Phase II will support up to 50 percent of costs (hard and soft) of capital projects located within Atlantic City. Projects must support the renovation of a building in which the applicant owns or has a fully executed agreement of sale. Award amounts will range from $250,000 to $2.5 million.

WHO:             Experienced for-profit or non-profit entities responsible for overseeing a real estate development project are eligible to apply. Real estate holding companies are ineligible. Applicants must demonstrate they have the remaining funds to complete this project at time of application and projects must be completed prior to December 18, 2026.  Click here for a complete list of eligibility requirements.

WHEN:          Applications for the Atlantic City Revitalization Grant Program Phase II will open on Friday, February 7, 2025 at 10:00 a.m. It is recommended to email acrevitalization@njeda.gov prior to applying. To apply and for more information, click here.

To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on FacebookTwitterInstagram, and LinkedIn.

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TRENTON, N.J. (January 24, 2025) – During its January meeting, the New Jersey Economic Development Authority (NJEDA) Board approved Aspire tax credit awards for a mixed-use development project in Hudson County. Located on Jersey City’s West Side, Bayfront Promenade is set to create 210 residential rental units, 74 of which will be affordable.

“Under Governor Murphy’s leadership, the Aspire program has supported meaningful development projects throughout the state, helping to expand housing options for New Jersey families,” said NJEDA Chief Executive Officer Tim Sullivan. “Bayfront Promenade will help revitalize the West Side of Jersey City and provide residents with affordable housing options and access to critical services.”

The Bayfront Promenade development entails the new construction of a mixed-income, mixed-use development located on a vacant site on Route 440 in Jersey City. The project will include 210 residential units with over an additional 10,600 square feet of commercial and retail space.

The project will also include various amenities such as an outdoor terrace with grilling stations, a community lounge with a kitchen area, a coworking lounge, a fitness and yoga room, a dog washing station, and a children’s play area. The project will also include a 21,000 square foot covered parking garage with 52 parking spaces and electric vehicle (EV) charging stations.

“The Bayfront Redevelopment Project represents a transformative step forward for Jersey City’s West Side, bringing much-needed affordable housing, vibrant mixed-use spaces, and new opportunities for our residents,” said Mayor Steven M. Fulop, City of Jersey City. “With the support of the NJEDA’s Aspire tax credit awards, we are turning vision into reality, building a stronger, more inclusive community that reflects our commitment to progress and equity.”

Bayfront Partners 32 Urban Renewal was approved for up to 60 percent of the total project cost, not to exceed $64 million. This project is also supported by New Jersey Housing Mortgage and Finance Agency (NJHMFA) Low-Income Housing Tax Credits. The project will comply with the Energy Star Homes Program included in the NJHMFA’s Green Standard Requirements, which satisfies NJEDA’s Green Building Standards.

The project’s co-applicant is the Greater Bergen Community Action, Inc. (GBCA), which will provide several services for residents. The GBCA will operate a daycare center on site that will offer services to meet the educational and childcare needs for residents and the surrounding community. A credit union will also be operated by the GBCA and provide a variety of banking services including savings and checking accounts and loan products and services.

Aspire is a place-based economic development program created under the New Jersey Economic Recovery Act of 2020 (ERA) to support mixed-use, transit-oriented development with tax credits to commercial and residential real estate development projects that have financing gaps. All residential Aspire projects must include at least 20 percent affordable housing. As a performance-based program, projects must certify that all commitments established at time of approval have been met before receiving their first disbursement of tax credits.

About the NJEDA

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 NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on FacebookTwitterInstagram, and LinkedIn.

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CAFE Program will bolster NJ’s arts community and spur economic activity in local communities

TRENTON, N.J. (January 24, 2025) – Yesterday, the New Jersey Economic Development Authority (NJEDA) Board approved the Cultural and Arts Facilities Expansion (CAFE) Program, which will help bolster New Jersey’s arts sector by supporting the development and rehabilitation of cultural arts facilities, such as performing arts centers and museums. The program aims to increase cultural arts activities across the state, attract visitors, boost engagement with the arts in underserved communities, and revitalize downtowns.

“Arts and culture serve as a cornerstone of New Jersey’s economy, contributing billions of dollars in economic activity each year while showcasing the incredible diversity, creativity, and talent of our residents,” said NJEDA Chief Executive Officer Tim Sullivan. “Under Governor Phil Murphy’s leadership, New Jersey continues to provide innovative tools and resources to further position arts and culture as a key driver of economic growth. The CAFE Program will help address the economic challenges the industry has faced since the pandemic by fostering new cultural hubs and bringing dynamic arts experiences to communities across the state.”

New Jersey’s arts and culture sector was a $27.3 billion industry in 2022, representing over 138,000 jobs. The combined impact of arts and culture industries account for 3.62 percent of New Jersey’s gross domestic product, as well as 3.2 percent of the state’s workforce. In 2022, the impact of New Jersey’s non-profit arts industry resulted in $116.9 million in total tax revenue to federal, state, and local governments.

The CAFE Program will provide tax credits through a competitive process to cultural arts institutions to build or renovate facilities, including aquariums, historical societies, libraries, galleries, museums, performing arts centers, or other eligible cultural or arts facilities.  Eligible awardees receive tax credits covering 100 percent of eligible project costs, up to $75 million.

“This initiative underscores our commitment to building strong communities and laying the foundation for residents and families to truly thrive,” said Assembly Speaker Craig J. Coughlin. “By fostering these environments, we are reviving spaces where arts and culture can inspire and unite all who call this state home. The arts and culture sector is a vital part of New Jersey’s identity, and our support ensures these community anchors can continue to flourish, generating local jobs and drawing new visitors to our state in the process.”

Eligible applicants include government entities and not-for-profits whose primary mission is arts and culture, or a for-profit business receiving a federal or state historic preservation rehabilitation tax credit. Applicants are required to contribute 10 percent or 20 percent equity to the project, depending on the project location.

A qualifying project must have a minimum of $5 million in eligible project costs. The requirements for a cultural arts facility vary based on its type. It must either be open to the public for an average of at least 20 hours per week or host an average of at least four events or educational offerings per month. Facilities primarily used for athletics, recreation, and non-arts based community centers are not eligible for the program.

Applications for the first round of the CAFE Program are expected to open in Spring 2025. For more information and a complete list of eligibility requirements, click here.

About the NJEDA

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 NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on FacebookTwitterInstagram, and LinkedIn.

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Eligible Companies Could Receive up to $500,000

TRENTON, N.J. (January 21, 2025) – The New Jersey Economic Development Authority (NJEDA) has launched a marketing campaign to promote incentives designed to encourage New York-based companies with New Jersey employees to open New Jersey offices or allow those employees to work from home. New Jersey Re-assigning In-State Employees Program (NJ RISE), administered by the NJEDA, will provide grants to businesses who re-assign New Jersey residents working in another state (such as New York) to a New Jersey location. The program will allow employees to work closer to home, shortening their commute, and returning New Jerseyans’ tax dollars to the state.

“From the beginning, I vowed to fight congestion pricing, because New York should not balance its budget on the backs of New Jersey families,” said Governor Phil Murphy. “Back in 2023, I signed legislation establishing a grant program that would incentivize businesses in states like New York to reassign their New Jersey resident employees to work in our state. This would not only cut down on costs and travel time for commuters, but would keep their tax dollars in New Jersey. Our fight against congestion pricing isn’t over and we won’t allow another state to line its coffers with our hard-earned money.”

The first billboards promoting NJ RISE to commuters appeared Monday, at the 39th St. entrance to the Lincoln Tunnel, on the West Side Highway at West 155th St., and on the Cross Bronx Expressway, targeting vehicles heading towards I-87/ Major Deegan Expressway or crossing over the George Washington Bridge into New Jersey. Additional billboards will follow in New York and Northern New Jersey, complemented by taxi top banners, digital and social media ads, and transit posters.

“Governor Murphy has been committed to bringing more businesses to the Garden State, and the NJ RISE program will help incentivize companies to reassign their New Jersey employees back to their home state and increase their business activity in the state,” said NJEDA Chief Executive Officer Tim Sullivan. “In addition to saving time and money for commuters, NJ RISE will bolster the state’s tax revenue, increase economic activity, and grow a stronger and fairer economy for New Jersey’s commuters and families.”

NJ RISE’s goal is to increase New Jersey’s Gross Income Tax Withholdings by encouraging eligible businesses to re-assign their out of state New Jersey resident employees to New Jersey by issuing an incentive based upon on the employees’ withholdings. NJ RISE is a $20 million pilot program that will provide grants to businesses principally located out of state that re-assign New Jersey residents currently assigned to work in a state that employs the “convenience of employer” income taxation rule to work in a New Jersey location. The grant is equal to the amount of New Jersey Gross Income Tax withholdings of the re-assigned resident employees during one tax year of the business, not to exceed $500,000 in the aggregate per business.

To learn more and apply, click here.

About the NJEDA

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 NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on FacebookTwitterInstagram, and LinkedIn.

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Program aims to bolster New Jersey minority-owned construction businesses

UNION, N.J. (January 17, 2025) – The New Jersey Economic Development Authority (NJEDA), Kean University, and the Initiative for a Competitive Inner City (ICIC) launched the first Building for Growth (BFG) program cohort in New Jersey this week. The transformative, tuition-free initiative is designed to equip minority-owned construction companies with the skills, tools, and mentorship needed to scale their businesses, secure larger contracts, and achieve sustainable growth.

The kickoff of the 18-week hybrid program took place on January 15 at Kean University, marking the start of a groundbreaking effort to support businesses in navigating public and private construction markets across the state. Participants will gain vital skills in finance, strategic planning, construction law, and bonding while receiving one-on-one mentorship and technical assistance.

“I was thrilled to join NJEDA and ICIC at Kean University this week for the Building for Growth Kick-Off Luncheon. This important partnership will support women-, minority-, and veteran-owned businesses by providing mentoring opportunities and the skills needed to succeed in New Jersey’s construction industry,” said First Lady Tammy Murphy. “This program will uplift underserved communities and promote economic success for diverse entrepreneurs, driving economic growth and opportunity for all.”

“Under Governor Phil Murphy and First Lady Tammy Murphy’s leadership, New Jersey is expanding funding opportunities, resources, and training for diverse business owners, creating equitable economic opportunities for women, minority, and veteran entrepreneurs,” said NJEDA Chief Executive Officer Tim Sullivan. “ICIC’s BFG program has a proven track record of driving economic success for diverse construction companies. We are proud to partner with ICIC and Kean University to replicate these successes in the Garden State.”

BFG was developed by ICIC, a national nonprofit organization committed to spurring economic growth in under-resourced communities by supporting small businesses, creating jobs, and building wealth for residents. Since its inception, ICIC’s BFG program has demonstrated extraordinary results. Alumni of the program report an 88 percent increase in revenue and a 112 percent increase in their largest project size. Collectively, graduates have raised $6.5 million in capital and grown their teams by an average of 34 percent.

With 219 businesses already benefiting from this program, 82 percent are BIPOC-owned, 62 percent are women-owned, and 11 percent are veteran-owned. The results showcase the program’s ability to foster significant economic impact and drive inclusion within the construction industry.

“ICIC extends its deepest gratitude to Governor Phil Murphy and Tammy Murphy for their visionary leadership and unwavering support for small businesses,” said Steve Grossman, CEO of ICIC. “With their partnership as well as the support of the NJEDA, today marks the beginning of an exciting new chapter for New Jersey’s construction industry, as we launch a program that will create lasting impact for businesses and communities statewide.”

During the 18-week curriculum beginning January 29, BFG will offer four in-person sessions with panelists who will speak directly to the needs of growing construction businesses in New Jersey. Kean University is hosting key program events, including the program kickoff and graduation. The university’s commitment to fostering economic growth and empowering diverse communities aligns with BFG goals.

“Building for Growth embodies Kean’s commitment to creating opportunity, advancing accessibility and driving innovation as the state’s urban research university,” said Kean University President Lamont O. Repollet, Ed.D. “When we empower minority-owned construction businesses with the resources to succeed, they strengthen both the physical and economic foundations of our communities, generating jobs and fostering prosperity. Through our collaboration with NJEDA and ICIC, we’re creating pathways of opportunity across New Jersey, empowering contractors who will shape our state’s future.”

Applications for the program are still open. To be eligible, a company must:

  • Be an independent corporation in the construction industry
  • Be at least 51 percent minority, woman- or veteran-owned and/or located in an Overburdened Community;
  • Headquartered in New Jersey, or perform a significant percentage of contracts in New Jersey.

To learn more and apply, click here.

About the NJEDA

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 NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on FacebookTwitterInstagram, and LinkedIn.

About ICIC

The Initiative for a Competitive Inner City (ICIC) accelerates small business growth in under-resourced communities through innovative research and programs. Founded by Harvard Business School professor Michael Porter, ICIC fosters inclusive economic prosperity and creates pathways for jobs, income, and wealth.

About Kean University

Kean University, New Jersey’s urban research university, is a national institution of higher education recognized for its diversity, innovation, and the social mobility of its graduates. Founded in 1855 as a teachers college, Kean has evolved into a thriving research university that supports students as they persist to graduation, give back to their communities, and launch successful careers. Kean’s six colleges offer more than 50 undergraduate programs, six doctoral degree programs, and more than 70 options leading to master’s degrees, professional diplomas, or certifications across a full range of academic subjects. With campuses in Union, Toms River, and Manahawkin, New Jersey, and Wenzhou, China, as well as Kean Online, the University provides students of all backgrounds an affordable and accessible world-class education. Learn more at www.kean.edu.

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FEED NJ will provide grants of up to $500,000 to entities at the forefront of food access work

Information and application webinar will be held on January 27th

TRENTON, N.J. (January 16, 2025) – Last month, the New Jersey Economic Development Authority (NJEDA) Board approved the creation of the Food Equity and Economic Development in New Jersey (FEED NJ) Pilot Program, a $30 million competitive grant program that will support food security projects in New Jersey’s Food Desert Communities (FDCs). Building on the success of the NJEDA’s Atlantic City Food Security Grants Pilot Program, FEED NJ will award grants of up to $500,000 to for-profit and nonprofit entities working to improve residents’ ability to access fresh, affordable, and healthy food.

“Expanding access to healthy and affordable food in every New Jersey community is crucially important to the continued economic security and health of our state,” said Governor Phil Murphy. “The projects that will receive grant funding through FEED NJ will increase availability of affordable food in the communities that need it most, alleviating the strain on families and creating a stronger and fairer New Jersey.”

“Under Governor Murphy’s leadership, the NJEDA is focused on supporting those living in New Jersey’s Food Desert Communities by creating innovative programs that increase access to nutritious, affordable food and support local organizations committed to ending hunger,” said NJEDA Chief Executive Officer Tim Sullivan. “FEED NJ expands the NJEDA’s robust toolkit of programs that bolster food security in the state, improving the well-being of countless families, uplifting communities, and contributing to economic vitality.”

Applicants to FEED NJ must primarily focus their projects on serving residents of the highest-need FDCs, which are spread across eight counties, comprise portions of 11 municipalities, and are home to 567,349 residents. Four cities — Camden, Newark, Trenton, and Paterson — are represented more than once, encompassing 10 of the top FDCs. The Primary Focus FDCs are:

RankFood Desert Name
1North, Central and South Camden/Woodlynne
3Newark South
4Newark West
5Camden East/Pennsauken
6Trenton West
7Newark North and Central
8Newark East
9Salem city
10Passaic city
11Trenton East
12Bridgeton/Fairfield Twp/Lawrence Twp
13Paterson South
14New Brunswick city
15Paterson North

Applicants may also elect to serve additional FDCs, provided the primary focus remains on at least one of these 14 FDCs. Atlantic City/Ventnor, the second-highest ranked FDC, is excluded from this list as it is the sole focus of NJEDA’s existing Atlantic City Food Security Grants Pilot Program.

A map showing geographic boundaries of the Primary Focus FDCs can be accessed here.

The NJEDA’s list of New Jersey’s 50 FDCs, which was created in consultation with the New Jersey Department of Community Affairs and the New Jersey Department of Agriculture and approved by the NJEDA Board in 2022, considers more than 24 variables related to the food retail environment, demographics, and economic, health, and community factors. A full list and map of all 50 FDCs is available on the FEED NJ website.

“Dismantling food insecurity in New Jersey remains our top priority, as every resident deserves access to nutritious and reliable food sources,” said Speaker Craig J. Coughlin (D-Middlesex). “FEED NJ demonstrates the power of investing in local solutions and community-driven initiatives. By targeting the regions of the state most in need, we are able to provide tailored support that directly addresses even the most unique challenges.”

FEED NJ is a competitively scored program. Applicants must be for-profit or nonprofit entities that have been in existence for at least two years. Grant funding, which can be used for direct or indirect costs, can be utilized for both new and existing food security initiatives including, but not limited to, expanding access to locally grown produce, purchasing equipment for food provision, or establishing a food co-op or mobile market. For a complete list of program requirements and scoring criteria, and to sign up for FEED NJ updates, visit https://www.njeda.gov/feednj.

The NJEDA is hosting a FEED NJ information and application webinar on Monday, January 27th at 2 P.M. The webinar will provide further details on program specifics, eligibility requirements, and applications. To register for the webinar, click here.

“True food security becomes a reality when all New Jerseyans, at all times, have physical, social and economic access to safe and nutritious food. Through its tax incentive programs and direct funding initiatives such as FEED NJ, the NJEDA has been a leader in building food security in our state,” said NJ Office of the Food Security Advocate Executive Director Mark Dinglasan. “FEED NJ is the latest example of the NJEDA’s and the Murphy Administration’s ongoing commitment to helping all NJ families live healthier, fuller lives, no matter which community they call home. My team and I are eager to support our NJEDA colleagues and the FEED NJ program in every way possible.”

“The FEED NJ Pilot Program represents a vital step toward addressing hunger and food security as a public health priority,” said New Jersey Department of Health Commissioner Kaitlan Baston, MD, MSc, DFASAM. “By expanding access to nutritious and affordable food in food desert communities, this initiative has the potential to significantly improve health outcomes, reduce disparities, and enhance the well-being of families across our state. The Department of Health is proud to support this transformative program, and we look forward to its impact under Governor Murphy’s leadership.”

“Communities cannot thrive without access to grocery stores that provide fresh produce and high-quality food for residents and workers,” said New Jersey Department of Community Affairs Commissioner Jacquelyn A. Suárez. “The Department of Community Affairs believes in a ‘Housing First’ approach, which encompasses all essential elements that contribute to a stable household, including access to nutritious food. We understand that improving food access will have a profound and positive impact on the health and well-being of those living in these communities.”

“Every New Jersey resident deserves to have easy access to healthy and nutritious food,” New Jersey Department of Agriculture Secretary Ed Wengryn said. “The Governor’s FEED NJ initiative will continue to build upon investments made by the state and federal government supporting local food purchase opportunities. The Department of Agriculture is committed to strengthening the relationships between consumers and the state’s farmers, by working with the EDA on programs like FEED NJ, we ensure that the state’s agriculture community grows as we improve access and distribution of healthy foods to our communities.”

“FEED NJ continues the Murphy Administration’s whole-of-government commitment to improve access to affordable and nutritious food for all residents. Healthy food should not be a luxury and yet there are still communities that lack access to this very basic necessity,” said New Jersey Department of Human Services Commissioner Sarah Adelman. “The FEED NJ program will not only help improve food access in communities that need it, but will provide organizations on the frontlines of food access work with the support needed to grow.”

FEED NJ is funded with $30 million in proceeds from the NJEDA’s 2023 and 2024 Food Desert Relief Tax Credit Auctions, which were authorized by the Food Desert Relief Act of 2021. FEED NJ will complement the NJEDA’s robust toolkit of existing programs taking different approaches to expanding food access, which includes the Food Security Planning Grant Program, Atlantic City Food Security Grants Pilot Program, Food Desert Relief Supermarket Tax Credit Program, and the Food Retail Innovation in Delivery Grant (FRIDG) Program

For more information on the NJEDA’s food security programs, visit https://www.njeda.gov/food-security-programs.

About the NJEDA

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 NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on FacebookTwitterInstagram, and LinkedIn.

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The Strategic Innovation Center will support state-of-the-art aerospace research and innovation

TRENTON, N.J. (January 10, 2025) – Last month, the New Jersey Economic Development Authority (NJEDA) Board approved an $8.6 million investment to support the development and construction of the Aerospace Innovation Center (AIC), a Strategic Innovation Center (SIC) located in Atlantic County that will focus on the aerospace industry. The AIC, being developed in partnership with the Atlantic County Improvement Authority (ACIA), will be the fifth SIC in New Jersey and the first with a focus on innovation in aviation.

“This investment from the NJEDA builds upon New Jersey’s reputation as a leader in cultivating an innovation economy by expanding opportunities for aerospace research in our state,” said Governor Phil Murphy. “As our fifth Strategic Innovation Center, it will drive economic growth, create jobs, and continue to attract entrepreneurs to New Jersey.”

The AIC will be located in the National Aerospace Research & Technology Park (NARTP) in Egg Harbor Township. The Center will provide state-of-the-art aerospace research spaces, high-speed connectivity to the FAA William J. Hughes Center for Advanced Aerospace data systems and laboratories, and co-working and studio spaces that are ideal for collaboration and innovation.

“Atlantic County’s deep roots in the aerospace industry makes it a prime location for the Aerospace Innovation Center, where companies can test and further their products, while students and entrepreneurs make discoveries and create new technologies to help move the industry forward,” said NJEDA Chief Executive Officer Tim Sullivan. “The NJEDA, under Governor Murphy’s leadership, has developed programs and initiatives to drive innovation, create jobs, and support sustainable long-term economic growth. Strategic Innovation Centers, like the AIC, is helping unlock opportunities for innovators to pursue research, testing, and development of cutting edge technologies.”

The AIC will be a 40,000-square-foot, two-story facility containing office and studios dedicated to research and development, innovation, and commercialization of emerging aerospace and aviation technologies. The innovation center will create hundreds of local, good-paying jobs in Atlantic County, including 130 permanent jobs and 114 construction jobs.

“The Aerospace Innovation Center is an incredible addition to the William J. Hughes FAA Technical Center and National Aerospace Research and Technology Park was made possible through the leadership of Governor Murphy and perseverance of New Jersey Economic Development Authority CEO Tim Sullivan,” said Senator Vince Polistina (R-Atlantic County). “Atlantic County is finally forging a path where people can be educated here, trained here, and have excellent opportunities for permanent employment in high-paying technical jobs.”

In addition to the NJEDA’s investment, the ACIA, NARTP and the Atlantic County Economic Alliance (ACEA), will contribute $10.5 million dollars in funding to construct the innovation center. Construction for the innovation center is underway and is expected to be completed in October 2025. The Center is expected to be fully operational in January 2026. ACIA is managing the construction of the facility and NARTP will manage the AIC’s operations.

“At ACIA, we are excited to collaborate with NARTP, ACEA, and NJEDA in the creation of the Aerospace Innovation Center,” stated Timothy Edmunds, Executive Director of the Atlantic County Improvement Authority. “This initiative represents a significant step forward in advancing aerospace innovation and research, and it is only be possible with the foresight and steadfast financial support of our Atlantic County partners whose vision laid the foundation for the success of the research park. We’re equally appreciative of Governor Murphy’s leadership and Senator Vince Polistina’s dedication, both of whom have been instrumental in turning the AIC into a reality. Together, these efforts are shaping a brighter, innovation-driven future for Atlantic County and beyond.”

“This $8 million investment in the Atlantic County New Jersey Aerospace Center represents a critical step forward for New Jersey’s innovation economy. By fostering research, development, and entrepreneurship within the aerospace industry, we are positioning the Garden State as a national leader in addressing the challenges of integrating advanced technologies, like drones and electric-powered flying taxis, into the National Airspace System,” said NARTP Chairman Major General Mark Loeben, USAF, retired. “I commend Governor Murphy, Tim Sullivan and the NJEDA, for their support. I especially commend Senator Polistina for his dedicated efforts in advancing the NARTP to the next level. I also thank our Atlantic County partners for their support in establishing and sustaining the NARTP.”

“We thank Governor Murphy for his leadership in driving innovation and economic growth in New Jersey. This $8.6million investment is a significant step forward for our state’s burgeoning aerospace industry. We also extend our sincere thanks to NJEDA President Tim Sullivan and his team for their dedication to advancing this transformative project,” said Michael Viscount, Chairman of the ACEA. “Additionally, we appreciate Senator Polistina’s strong advocacy and collaboration, which played an integral role in bringing this innovative vision to reality. Together, their support underscores the commitment to positioning New Jersey as a hub for aerospace research, development, and innovation.”

Additionally, the AIC will partner with Rowan University, Rutgers University School of Engineering, Stockton University, Embry-Riddle Aeronautical University, and the National Institute of Aerospace to provide university students hands-on experience and training.

SICs are facilities that support research and development, innovation, and entrepreneurship through mentorship, networking opportunities, hands-on training, business support services, and education opportunities. SICs can be accelerators, incubators, or research centers. Having a physical location where entrepreneurs can collaborate will help support new, diverse innovators and help drive long-term economic growth. SICs bring together government, Industry Partners, and University Partners around a central innovation focus.  

About the NJEDA

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 NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on FacebookTwitterInstagram, and LinkedIn.

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Camden development project will include a Federally Qualified Health Center

TRENTON, N.J. (January 7, 2025) – At its December meeting, the New Jersey Economic Development Authority (NJEDA) Board approved Aspire tax credit awards for two residential development projects in Camden and Trenton, marking the culmination of another productive year for the Aspire program. Throughout 2024, the program supported 11 residential projects, creating 2,078 housing units, of which 710 are designated as affordable. To date, the program has provided more than $2.5 billion in total awards, supporting catalytic developments across the state.

“The Aspire Program is a key element of Governor Phil Murphy’s strategy for a stronger and more equitable economy, aimed at expanding access to affordable housing and making investments in communities throughout the state,” said NJEDA Chief Executive Officer Tim Sullivan. “The developments approved yesterday and throughout the year will help drive long-term growth and prosperity across the state by providing high-quality, affordable housing, as well as critical health care and social services for families and seniors.”

The mixed-use development project in Camden, known as Parkside Place I and Parkside Place II, will include residential units, retail space, and a Federally Qualified Health Center (FQHC). The project will replace blighted properties and vacant lots along Haddon Avenue with two newly constructed buildings.

Parkside Place I, a four-story building, will include 24 affordable residential units and a FQHC. The FQHC will be operated by Osborn Family Health Center (OFHC), which was established in 1974 in the Parkside neighborhood. The health center will provide OB/GYN care, family practice, pediatrics, dental care, and behavioral health services. Parkside Place II will be a three-story building consisting of six affordable housing units. The ground floor will include over 4,000 square feet of retail and office space.

Parkside Camden Urban Renewal, LLC was approved for up to 60 percent of the total project cost, not to exceed $17.7 million. The project is also supported by NJHMFA Low-Income Housing Tax Credits.

“Thanks to Governor Phil Murphy’s leadership, Aspire tax credits are having a tangible and beneficial impact on the State’s urban communities,” said Camden Mayor Victor G. Carstarphen. “In the City of Camden, residents benefit not only from the creation of new quality housing units, but also from improved access to healthcare services which can only create better health outcomes for those at risk.  My administration is proud to work with Governor Murphy, NJEDA CEO Tim Sullivan, and NJHMFA Executive Director Melanie Walter to continue the economic progress taking place in neighborhoods across the state and the undeniable transformation in Camden.”

Located at 801-833 Brunswick Avenue in Trenton, OAHS Brunswick TC LLC will renovate eight existing affordable apartment buildings, known as Brunswick Village, encompassing 110 one-, two-, and three-bedroom units. Six of those units will be specifically designed to meet requirements set by the Americans with Disabilities Act. Programs such as financial literacy courses, computer classes, and homeowner workshops will be offered to residents.

OAHS Brunswick TC LLC was approved for up to 51 percent of the total project cost, not to exceed $22.76 million. The project is also supported by Low-Income Housing Tax Credits through the New Jersey Housing and Mortgage Finance Agency (NJHMFA).

“I am thrilled to hear that the Brunswick Village rehabilitation project is moving forward with the support of Aspire tax credits,” said Mayor W. Reed Gusciora of Trenton. “This is a significant step forward for our city, as it will not only improve the living conditions for local residents but also provide vital housing options for the dedicated health care workers at Capital Health. The revitalization of this property is a testament to our commitment to fostering growth and creating vibrant, sustainable communities in Trenton.”

Aspire is a place-based economic development program created under the New Jersey Economic Recovery Act of 2020 (ERA) to support mixed-use, transit-oriented development with tax credits to commercial and residential real estate development projects that have financing gaps. All residential Aspire projects must include at least 20 percent affordable housing. As a performance-based program, projects must certify that all commitments established at time of approval have been met before receiving their first disbursement of tax credits.

About the NJEDA

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 NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on FacebookTwitterInstagram, and LinkedIn.

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TRENTON, N.J. (January 3, 2025) – The New Jersey Commission on Science, Innovation and Technology (CSIT) awarded over $500,000 in funding to seven New Jersey startups under the Food and Agriculture Research & Development Pilot Seed Grant Program. The funding will support startup companies in the development of commercially viable technologies that combat food insecurity, helping to increase access to nutritious foods and alleviate food deserts.

“CSIT continues to provide robust support to early-stage startups in New Jersey, creating an unrivaled innovation ecosystem that strengthens the state’s economic competitiveness,” said CSIT Executive Director Judith Sheft. “The grant awardees announced today are developing technologies and products that will promote New Jersey’s food security initiatives, keeping the state at the forefront of innovation.”

“Under Governor Phil Murphy’s leadership, New Jersey’s startup companies are developing important technologies that exemplify the state’s position as a national leader in innovation,” said New Jersey Economic Development Authority (NJEDA) Chief Executive Officer Tim Sullivan. “The ingenuity of the state’s entrepreneurs compliments the food security efforts of the NJEDA, supporting innovative solutions to eradicate food deserts and increase access to healthy, affordable food.”

The Food and Agriculture Research & Development Pilot Seed Grant Program supports the development of technology and other solutions to address food insecurity in New Jersey. Awardees are developing new technologies in target areas including agricultural innovation and pesticide efficiency.

“Congratulations to the seven grant awardees,” said CSIT Chair and BioNJ President and CEO Debbie Hart. “Through initiatives such as the Food and Agriculture Research & Development Pilot Seed Grant Program, CSIT is proud to play a pivotal role in supporting early-stage start-ups in New Jersey, cultivating a vibrant innovation ecosystem that fuels economic growth and competitiveness. We commend these companies for their work in developing potentially groundbreaking technologies and innovative solutions to address food insecurity and related issues across the State and that could become solutions for the world.”

A full list of awardees can be found below:

  1. AGEless Biotechnologies (Bergen County): Developing applications for a multi-functional protein modification platform, which offers functional improvements to various protein-based products in the biomedical and food sectors.
  2. Fork & Goode, Inc. (Hudson County): Creates cultivated pork by using a patented process that maximizes yield.
  3. Gather Agriculture, Inc. (Hudson County): Develops food resiliency on farms by building simplified robotic tools for farms and farmworkers to increase harvest efficiency and farmworker safety.
  4. Hydronos Labs LLC (Mercer County): Developing and providing a key structured data layer for the global weather and climate risk transfer market via its TerraCognos software platform, which uses the complementary strengths of satellite observations, ground-based sensor networks, computational climate reanalysis, advanced hydrologic modeling, and short-term to seasonal weather forecasting.
  5. Inspired Growing, Inc. (Hudson County): Harnesses cutting-edge indoor vertical farming technology to directly combat food insecurity in New Jersey while fostering healthy eating habits.
  6. Mycsology Foods Inc. (Mercer County): Developing a solid-state fermentation technology platform to produce nutrient-dense, high-protein ingredients, unlocking previously indigestible and inaccessible nutrients from legumes and grains to create sustainable ingredients and foods.
  7. Neoventech LLC (Mercer County): Improving pesticide application efficiency to ensure more effective pest control, leading to increased crop and fruit yields, increased overall food availability, and reduced risk of shortages.

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.

About the NJEDA

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 state resources available to New Jersey entrepreneurs and early-stage companies, visit https://www.njeda.com and follow @NewJerseyEDA on FacebookTwitterInstagram, and LinkedIn.

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