Amneal Pharmaceuticals plans to invest more than $240 million and create 330+ new full-time jobs in Piscataway

TRENTON, N.J. (October 26, 2026) – The New Jersey Economic Development Authority (NJEDA) Board recently approved approximately $60 million in tax credits under the Next New Jersey Manufacturing Program to support a planned manufacturing expansion by Amneal Pharmaceuticals, a global biopharmaceutical company focused on developing, manufacturing, commercializing, and distributing affordable and innovative medicines. Headquartered in Bridgewater, Amneal plans to expand its manufacturing operations in Piscataway. The project represents more than $240 million in eligible capital investment over three years and is expected to create more than 330 new full-time jobs in New Jersey, further strengthening the state’s position as a national leader in pharmaceutical manufacturing and innovation.

Founded in Paterson in 2002 by brothers Chirag and Chintu Patel, Amneal has grown from its New Jersey roots into a leading global biopharmaceutical company, while maintaining a significant presence across the state through its corporate, research, development, and manufacturing operations.

Amneal has a portfolio of more than 300 generic, specialty, and biosimilar medicines and delivers more than 160 million prescriptions annually. The expansion is designed to support continued growth in Amneal’s Affordable Medicines business, including complex generics, women’s health, and new product launches, as well as the continued advancement of its biosimilars portfolio. The project includes significant investments to expand manufacturing capabilities for transdermal patches, biosimilars, and pharmaceutical injectables.

“We are thrilled that Amneal is investing in our state and continuing to expand its operations in New Jersey. New Jersey is open for business. Through our targeted tax credit program and our ‘Save You Time and Money’ agenda aimed at business friendliness, we are ensuring that businesses can plant their roots and grow in the Garden State,” said Governor Sherrill. “By strengthening our pharmaceutical manufacturing sector, we can support good-paying jobs and solidify New Jersey’s position as a national leader in bringing innovative treatments from the lab to patients.”

“Amneal’s decision to expand reinforces New Jersey’s longstanding leadership in the pharmaceutical industry and demonstrates Governor Sherrill’s commitment to maintaining our status as the medicine chest of the world,” said NJEDA Chief Executive Officer Evan Weiss. “Through the Next New Jersey Manufacturing Program, the NJEDA is strengthening the state’s manufacturing and pharmaceutical sectors, bolstering our economy, and driving meaningful job growth.”

The expansion project includes the renovation of eight buildings that will operate as a single, integrated manufacturing campus supporting production, quality control, and logistics. These investments will further expand Amneal’s domestic manufacturing capacity, support the production of increasingly complex medicines, and strengthen the reliability of the U.S. pharmaceutical supply chain. 

“New Jersey is where Amneal began, and it remains central to our growth and our commitment to patients. We are proud to make a significant, long-term investment in domestic pharmaceutical manufacturing, expanding our capacity to produce complex medicines, create high-quality jobs, and strength the America’s medicine supply,” said Amneal Co-CEOs Chirag Patel and Chintu Patel. “Our employees’ expertise and dedication make this growth possible. We thank Governor Sherrill, the NJEDA, and our state and local partners for their support and shared commitment to New Jersey’s leadership in pharmaceutical manufacturing. Ultimately, this investment is about ensuring patients have reliable access to the affordable and innovative medicines they need, while building the next generation of American pharmaceutical manufacturing.”

Far exceeding the program’s minimum investment and job creation requirements, Amneal qualifies for an award of $60.56 million over the course of five years.

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 Facebook, Twitter, Instagram, and LinkedIn.

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Tax credits for Cottage Place and Crown Village developments will support the creation and rehabilitation of 274 housing units

TRENTON, N.J. (October 23, 2026) – Yesterday, the New Jersey Economic Development Authority (NJEDA) Board approved three awards under the Aspire Program to support affordable residential development projects in Newark. The Cottage Place and Crown Village projects will create or rehabilitate 274 housing units and provide supportive services for residents, supporting Governor Mikie Sherrill’s efforts to expand affordable housing and unlock equitable economic opportunities for New Jersey residents.

“At this year’s Governor’s Conference on Housing and Economic Development, Governor Sherrill laid out a bold plan to tackle housing affordability, bring down costs, and accelerate housing production across the state,” said NJEDA Chief Executive Officer Evan Weiss. “Through the Aspire Program, the NJEDA is taking action to boost the Governor’s efforts by supporting the creation of developments that will provide meaningful housing opportunities for seniors and residents.”

“NJEDA stands strong yet again to support stability for Newark residents through safe, comfortable, affordable housing. These funds, earmarked for new construction, renovations, and built-in social services will improve the lives of our respected elders and our most vulnerable individuals and families,” said Newark Mayor Ras J. Baraka. “We are grateful to Governor Sherrill and the NJEDA for awarding these grants and demonstrating their complete alignment with our city’s mandate to provide quality homes at affordable cost, in the shortest reasonable time, to as many Newarkers as possible.”

The Cottage Place Apartments complex, located at 125 West Kinney Street, will undergo a significant rehabilitation to update the 100 affordable units, including a comprehensive upgrade to apartment kitchens and bathrooms, new windows and roofs, and upgraded energy-efficient HVAC equipment. The project includes the design and implementation of a supportive services program to provide ongoing promotion of housing stability, economic mobility, and community well-being for tenants.

The project was approved for an award of up to 60% of eligible project costs, not to exceed $29.6 million. Construction is expected to commence in March 2027

The Crown Village Project will redevelop a former brewery on South Orange Avenue into a multi-building residential development complex. One phase of the project will consist of 105 units for seniors aged 55 or older within two five-story buildings, with level one of each building designated for onsite parking and a section of apartments reserved for residents between the 50% and 60% Area Median Income range and individuals experiencing homelessness. Support services will include assistance with job training and community outreach activities, which also includes pre-apprenticeship programs for the construction trades.

A separate Aspire award was also approved for an additional phase of the Crown Village Project development focused on family housing, which will include a five-story building. Level one of the building will be designated for onsite parking, with the other levels consisting of 69 one-bedroom, two-bedroom and three-bedroom units. The Newark Housing Authority has committed to providing project-based Section 8 rental assistance to the project units, with additional apartments available for low-income and individuals experiencing homelessness. Tenants will benefit from supportive services that directly affect and serve the residents of the community, including job training and community outreach.

The senior housing component of the Crown Village Project was approved for an award of up to 60% of the eligible project costs, not to exceed $27.8 million. The family housing component was approved for an award of up to 60% of the eligible project costs, not to exceed $20.04 million. All three projects approved for Aspire awards are also supported by Low-Income Housing Tax Credits through the New Jersey Housing and Mortgage Finance Agency.

“Every family and senior in Newark deserves a safe, affordable place to call home,” said Senate Majority Leader M. Teresa Ruiz. “These investments reflect the unique needs of our community, taking a thoughtful, tailored approach to creating housing for residents across income levels and circumstances, while providing updated homes, supportive services, and job training. I thank Governor Sherrill and the NJEDA for their commitment to Newark,”

“Affordable housing is essential to keeping our communities strong and ensuring families and seniors have a safe place to call home,” said Senator Renee C. Burgess. “These investments in Newark will help improve existing housing, create new opportunities for residents, and strengthen our neighborhoods. I appreciate NJEDA’s continued commitment to our communities.”

“Aspire was created with the belief that communities with the greatest needs deserve the same chance for growth,” said Assemblywoman Eliana Pintor Marin. “After years of work to bring this program to life, seeing it deliver right here in Newark is especially rewarding. These projects will create or preserve 274 affordable homes, including much-needed housing for our seniors, who deserve the stability and dignity of aging in the communities they’ve helped build.”

“Newark residents, including families as well as vulnerable populations like our seniors deserve housing that is safe, affordable, and dignified,” said Assemblywoman Shanique Speight. “These investments revitalize a vacant brewery site into brand-new homes, upgrade existing apartments with energy-efficient features, and offer job training and support services to help our community thrive. We commend the NJEDA for investing in our city.” 

Aspire is a gap financing tool to support commercial, mixed-use, and residential real estate development projects. For more information, please visit 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 Facebook, Twitter, Instagram, and LinkedIn.

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NJ Innovation Evergreen Fund continues to support cutting-edge businesses in health care, biotechnology, and life sciences

TRENTON, N.J. (October 16, 2026) – Since February, the New Jersey Economic Development Authority (NJEDA) approved a total of $16.5 million to support eight cutting-edge businesses through the New Jersey Innovation Evergreen Fund (NJIEF). The startups are working on pushing forward new technologies in various sectors including health care, biotechnology, and life sciences. The NJIEF is a unique tool to increase access to strategic resources and venture capital in New Jersey, with the State as an equity investor in early-stage companies, deploying up to $600 million alongside venture capital firms. 

“My Administration is committed to making New Jersey the best place to do business. By supporting these innovative companies, we are seeding new and important technologies, attracting incremental capital to New Jersey, and building a dynamic start-up ecosystem,” said Governor Mikie Sherrill. “These investments will strengthen our economy, create new opportunities, and cement New Jersey’s position as a leader in innovation.”

“The NJIEF’s success is measure not just in dollars invested, but in the transformative impact it has had on New Jersey businesses,” said NJEDA Chief Executive Officer Evan Weiss. “This cutting-edge initiative fuels innovation, creates jobs, and positions our state as a global center for technological discovery. Through strategic partnerships and targeted investments, Governor Mikie Sherrill and the NJEDA are helping the next generation of companies thrive, reinforcing New Jersey’s reputation as a leader in innovation and opportunity.” 

From advanced materials and clean technology to life sciences, technology, and other emerging sectors, these eight startups showcase the breadth of New Jersey’s innovation economy. The companies are helping build industries of the future by developing advanced solutions, attracting investment, creating high-quality jobs, and scaling their business all right here in New Jersey.  

“Investments through the NJIEF underscore our state’s unwavering commitment to supporting innovative businesses and entrepreneurs,” said NJEDA Chief Economic Transformation Officer Kathleen Coviello. “By delivering a robust roster of venture capital firms to cutting-edge startups, the NJIEF is fueling job creation and driving economic development across the state. The NJIEF is empowering the next generation of transformative companies, strengthening New Jersey’s position as a leader in technological discovery and creative enterprise.”

The following companies received investment funding through the NJIEF: 

• Princeton Critical Minerals, Inc. (PCM)  – Newark 
  PCM, which emerged from Princeton University, has developed a technology for boosting mineral production from evaporation ponds, which could revolutionize the conventional approach to critical minerals extraction. The company provides an integrated suite of products, all dedicated to bridging the lithium supply-demand gap through efficient, scalable, and sustainable extraction methods. PCM was approved for an NJIEF investment of $4 million by matching SOSV, a global multi-stage venture capital firm based in Princeton. 

In 2021, SOSV formed HAX, LLC, the firm’s Newark-based hard tech accelerator, in partnership with the NJEDA. The firm has invested in over 50 Newark-based businesses through the HAX Strategic Innovation Center (SIC) program, and in 2025 the NJEDA announced that it will also partner with SOSV along with the Princeton Plasma Physics Laboratory to create an SIC in the Princeton area.  

• Cranium AI, Inc. – Short Hills 

Founded in 2023 as a spin-out from KPMG’s startup incubator, Cranium AI provides organizations with tools to map, monitor, test, and govern their machine learning and Generative Artificial Intelligence (AI) systems against adversarial threats and compliance risks, including systems from third-party vendors.  

“As AI moves into the core of how businesses and governments operate, securing and governing it has become essential,” said Jonathan Dambrot, CEO of Cranium AI. “We’re grateful to the NJEDA and SYN Ventures for backing Cranium, and proud to build a category-defining AI security company in New Jersey.”

Cranium AI is widely seen as a standout innovator in the quickly growing field of AI security, and boasts a strong company roster, with clients such as Johnson & Johnson, JP Morgan Chase, KPMG, FIS, and Pfizer. Cranium AI was approved for an NJIEF investment of $5 million through matching SYN Ventures, a specialized cybersecurity-focused venture capital firm, with a focus on key areas within modern cybersecurity, including AI security, enterprise cybersecurity tools, risk management, infrastructure security, and third-party and supply chain security. 

• Urologic Health – Jersey City 

Urologic Health is a medical device company developing the first fully non-invasive urodynamic diagnostic system for bladder function assessment. Urologic Health is addressing a significant problem in urology diagnostics, where the current test requires catheterization. Urologic’s system eliminates the need for catheters entirely while providing the diagnostic data necessary for both men and women. The company was incubated in the MEDX Xelerator in Israel and is now located at the Liberty Science Center in Jersey City. Urologic was approved for an NJIEF investment of $1.25 million by matching Edge Medical Ventures, an early-stage investment firm with offices in Jersey City and Israel.  

EdgeMed is committed to advancing healthcare by identifying and nurturing innovative companies that address significant unmet clinical needs with substantial market potential. EdgeMed previously co-invested in Synchrony Medical through the NJIEF. 

• Elligint Health, Inc. – Edison 

Elligint Health provides a health care management platform for health insurance companies, specifically focusing on care and disease management for high-risk patients. The company’s main product is Helios, a cloud-based platform that provides care managers with a single system to access patient information and automatically prioritizes tasks and generates care plans, helping increase productivity. Elligint Health was approved for an NJIEF investment of $1.5 million by matching HLM Investment Partners, a venture firm focused on investments in health care services, health care technology, and health care innovation companies. 

• TangGene, Inc. – New Brunswick 

TangGene is a biotechnology company developing an injectable drug to cure autoimmune diseases that currently have no cure, starting with Multiple Sclerosis. The company’s technology helps retrain the immune system to target the cells causing the disease while leaving the rest of the immune system intact. TangGene was approved for an NJIEF investment of up to $1.5 million through an application submitted by Oak BioCapital, a venture firm focused on investments in life sciences and biotech companies that are pioneering transformative technologies in healthcare, therapeutics, medical devices, and diagnostics. 

• AstraNu, Inc. – Murray Hill 

Founded in 2025, AstraNu is a Nokia Bell Labs spin-out developing low-cost medical imaging technology for eye care and diagnostics. AstraNu’s strategy focuses on commercializing an integrated Optical Coherence Tomography “engine module” that medical device manufacturers can plug directly into their products. This module combines all the necessary parts into a single computer chip that is 10x smaller and cheaper than traditional components. AstraNu was approved for an NJIEF investment of up to $1.5 million by matching Celesta Capital, a venture capital firm that focuses on investing in deep tech, data infrastructure, next-generation enterprise applications, and services. Celesta Capital and Nokia have a long-term strategic partnership to accelerate the commercialization of deep technologies incubated within Nokia Bell Labs. AstraNu is the first venture from this collaboration. 

• ChorusRx – Mount Laurel 

ChorusRx (formally GalenusCare) is a next-generation pharmacy and medication-risk management company purpose-built for high-risk, high-acuity populations, such as hospice and chronic-care patients. At the core of its offering is APPRAISE, an exclusive, AI-enabled medication-optimization platform leveraging pharmacogenics and regimen-level risk scoring. ChorusRx was approved for an NJIEF investment of almost $1 million through by matching Rittenhouse Ventures, which focuses on early-growth B2B software investments, and aims to provide venture capital returns with a risk profile similar to private equity or growth equity funds. The co-investment into ChorusRx represents the second investment made by Rittenhouse Ventures under the Evergreen program. The NJEDA previously approved a co-investment into New Jersey-based transcendAP in November 2025.  

• Sena Health – Mickleton 

Sena Health is an AI‑enabled healthcare access and care coordination company that blends contextual AI agents with clinically trained human coordinators to reduce administrative burden for medical groups, health systems, and employers. Sena Health replaces fragmented call centers, scheduling tools, and back-office processes with a single operating foundation. Its flagship offering – the Access Command Center – provides 24/7/365 front‑ and back-office support, including patient scheduling, triage, care navigation, referral management, revenue cycle operations, and high acuity care coordination. Sena Health was approved for an NJIEF investment of $750,000 by matching Rittenhouse Ventures, making it the third investment made by this venture capital group under the Evergreen program over the recent two years.  

“Through the NJ Innovation Evergreen Fund and our partnership with NJEDA, we are proud to support category-defining healthcare companies in South Jersey like ChorusRx and Sena Health, and put more capital behind New Jersey innovators who are transforming patient outcomes,” said Saul Richter, Founder & Managing Partner of Rittenhouse Ventures. 

All companies approved for investment under the NJIEF will benefit from the strategic commitments made by the NJIEF tax credit purchasers. These purchases, which fund investments made by Qualified Venture Firms (QVFs), are made in tandem with commitments to provide strategic support to strengthen the State’s innovation ecosystem. Commitments include financial support for university partners, nonprofits, and Strategic Innovation Centers for innovation-related programming in New Jersey, mentoring, educational opportunities, and more, and are a scored component of the tax credit purchaser’s bids. 

The Evergreen Fund currently has approximately $46 million in unallocated capital available and is expected to use this to fund initial investments into additional high-growth businesses in New Jersey. Last year, the NJEDA auctioned $85 million in tax credits to raise additional capital, which has been available for investment throughout 2026. The NJIEF platform currently has 37 approved venture capital firms actively seeking investment opportunities in New Jersey-based companies and the program has supported 20 unique innovative business through direct investments to date. 

Applications for venture firms seeking to qualify as a QVF can be found here and are being accepted on a rolling basis. The firms approved to date represent diversity in terms of investment strategy, industry, and stage. Additionally, there continues to be a strong momentum from interested managers. The roster of the current approved managers can be found here. 

Applications for approved QVFs to apply for Qualified Investments into high-growth, innovative businesses based in New Jersey are also open and can be found 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 Facebook, Twitter, Instagram, and LinkedIn.

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Please be advised that the New Jersey Motion Picture and Television Commission Board Meeting will be held in person and via teleconference on Wednesday, October 21, 2026, at 10:30 AM. 

Members of the public who wish to speak during the public comment segment of the meeting, pertaining to agenda items, may attend in person or call into the meeting by using the conference number, and are encouraged to call in prior to the meeting start time to avoid any delays.

IN PERSON:

New Jersey Economic Development Authority

One Gateway Center

11-43 Raymond Plaza West, 14^th Floor, Newark, NJ 07102

The agenda and teleconference number can be found 48 hours prior to the meeting here.

Auction will support food desert relief efforts

TRENTON, N.J. (October 7, 2026) – Due to greater than anticipated demand, the New Jersey Economic Development Authority (NJEDA) will increase the amount of tax credits available to a total of $30 million for the Food Desert Relief Tax Credit Auction. Applications will close on Friday, October 9, 2026. 

WHAT: Up to $30 million in tax credits, an increase from $25 million, will be available for purchase through the Food Desert Relief Tax Credit Auction, allowing bidders to offset their New Jersey tax liability by up to 15%. 

Proceeds will fund programs that strengthen food access and reduce hunger in communities across the state where these challenges are most acute. These future grant, loan, and/or technical assistance opportunities will advance the priorities established by the Food Desert Relief Act and complement the NJEDA’s robust toolkit of existing food security programs, including FEED NJ, which was funded by proceeds from past tax credit auctions and is investing $30 million to catalyze innovative, sustainable, and scalable food access initiatives in underserved areas. 

WHO: New Jersey Corporate Taxpayers or Insurance Companies that want to reduce their New Jersey 2026 tax liability. Companies do not need to be located in a food desert, be in the food industry, or make any ongoing commitments beyond the purchase transaction to buy tax credits through the auction. 

WHEN: Applications for the Food Desert Relief Tax Credit Auction will close on Friday, October 9, 2026, at 5 p.m. Applications and additional information can be found 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 Facebook, Twitter, Instagram, and LinkedIn.

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TRENTON, N.J. (September 30, 2026) – The New Jersey Commission on Science, Innovation, and Technology (CSIT) today applauded the multiple CSIT awardees that will be honored by the Research & Development Council of New Jersey. Three CSIT recipients will be honored with Edison Patent Awards, while Kathryn Carpenter, the Founder & CEO of Cecilia Materials, will receive the Emerging Tech Award.

This year’s theme, ‘Revolution Through Innovation,’ pays tribute to New Jersey inventor Thomas Edison and celebrates the inventors and entrepreneurs who continue his legacy. The 47^th Annual Edison Patent Awards Ceremony will take place on November 19, 2026, at Bell Works in Holmdel.

“CSIT is proud to position New Jersey as a leader in startup creation and entrepreneurial growth, advancing emerging technologies and strengthening the State’s innovation ecosystem,” said CSIT Executive Director Judith Sheft. “This year’s recipients demonstrates the progress that CSIT has made in expanding access to capital and strategic resources for New Jersey entrepreneurs, leading to meaningful discoveries and life-changing work across the state.”

“Through its funding, CSIT empowers early-stage companies by equipping them with essential resources to turn innovative discoveries into practical solutions,” said Debbie Hart, Chair of CSIT and President and CEO of BioNJ. “The recognition these awards bring underscores the significant role CSIT plays in supporting entrepreneurs, demonstrating how well-designed programs can expand opportunities for business owners and reinforce New Jersey’s innovation-driven economy.”

Kathryn Carpenter, Founder & CEO of Cecilia Materials will be presented with the Emerging Tech Award. This award is presented to a New Jersey individual, team, or organization whose early-stage innovation shows exceptional potential to make a significant impact on the marketplace. Cecilia Materials’ technology transforms industrial plastic waste into high-value advanced carbons. Headquartered in Newark, Cecilia Materials is a recipient of the Clean Tech Seed Research & Development (R&D) Grant, the Pilot Clean Tech Demonstration Grant Program, SBIR/STTR Bridge Grant Program, and is a two-time recipient of the Clean Tech (R&D) Voucher Pilot Program.

“To be honored alongside the legacy of Thomas Edison is a humbling milestone for the team,” said Kathryn Carpenter, Founder & CEO of Cecilia Materials. “Innovation has been an existential reality for our society throughout history, and it’s never an easy road to implementing step-change technologies. We are proud to be a part of an ecosystem that supports pushing these boundaries.”

13 Mari Ltd., Chiral Photonics, Inc., and Innerstill will receive Edison Patent Awards. Winning patents were selected by a team of Council board members who evaluated patents for the significance of the problem it solves, its utility and socio-economic value, its novelty, and its commercial impact. Every winning patent must have at least part of its technical or scientific work completed in New Jersey.

13 Mari Ltd., located in Kearny, is a recipient of the Clean Tech Seed Grant Round 2 Program. Chiral Photonics, based in Montville, received matching funding through the SBIR/STTR Bridge Grant Program and the NJEDA’s Manufacturing Voucher Program. Innerstill, headquartered in Hopewell, received a Catalyst R&D Voucher and a Maternal and Infant Health R&D Seed grant.

“Receiving the Edison Award is a tremendous honor. More than acknowledging a specific innovation, it celebrates the dedication of our entire team at Chiral Photonics,” said Dan Neugroschl, President of Chiral Photonics. “Their unwavering commitment and collaborative spirit are essential for bringing our products to market and helping to establish multicore fiber as the next generation of optical infrastructure now sweeping the globe.”

“Transformational technologies require more than a big idea – they require an ecosystem willing to help bring that idea to life,” said Ellyn Ito, Co-Founder and CEO of Innerstill. “CSIT provided critical support as we advanced our technology here in New Jersey. To see that work now recognized with an Edison Patent Award is incredibly meaningful and proof that world-class neurotechnology can be built by lean, start-up innovators in New Jersey for a global market.” 

“The Edison Award is a great recognition for the work done at 13 Mari, as the working novel passive boundary control we develop goes against the common wisdom and will likely lead to not only practical applications, but theoretical breakthroughs,” said Krassi Fotev, Founder, CEO & Chief Scientist of 13 Mari. “In our company’s history, there were a few critical moments. One of them was securing funds for initial experimental investigation, which we got going thanks to the CSIT grant program.”

According to its 2025 Annual Report, CSIT approved 120 awards totaling $5.1 million in 2025.

Earlier this year, CSIT released findings from an economic impact assessment of its programs. Since 2020, CSIT-supported companies have issued approximately 600 grants, totaling $34 million. Companies that have reported data have created nearly 1,800 jobs and raised $524.5 million in additional capital – more than 20 times the amount awarded through CSIT programs.

CSIT currently offers the following programs:

• Catalyst CSIT R&D Voucher Program
  • The goal of the Catalyst R&D Voucher Pilot Program is to support New Jersey-based early-stage company efforts to accelerate development and innovation of technologies to transform new discoveries from research stage into commercially viable technologies, leading to industry and investor interest.
    • In 2025, the Catalyst R&D Voucher Program awarded 49 vouchers, totaling $1.9 million.
• Clean Tech CSIT R&D Voucher Program
  • Round 2 of the Clean Tech R&D Voucher Program is intended to support early-stage clean tech and clean energy companies in New Jersey to access core facilities, equipment, and makerspaces for clean energy and clean technological research and development.
    • In 2025, the Clean Tech R&D Voucher Program awarded 21 vouchers totaling over $782,000.
• SBIR/STTR Technical Assistance Through the Rutgers Small Business Development Centers and the Institute for Life Sciences Entrepreneurship at Kean University.

About CSIT

In 2018, the Commission of Science, Innovation, and Technology (CSIT) was established. Comprised of representatives from the public and private sectors, as well as academia, CSIT is tasked with leading the way in promoting the State as a home for academic and technological research, development, and commercialization. For more information on CSIT, visit www.njcsit.gov.

The 100% affordable housing development will include programs to support surrounding community

TRENTON, N.J. (September 17, 2026) – The New Jersey Economic Development Authority (NJEDA) approved an Aspire Program award to support an affordable senior housing development project in Trenton. The development, which is also supported by the U.S. Department of Housing and Urban Development (HUD)’s Choice Neighborhood Implementation Plan, will create 107 affordable rental units and various programs to support the surrounding community.

“As the NJEDA works to strengthen the Aspire Program, it’s encouraging to see ongoing progress on projects that expand access to affordable housing, bolster communities, and support vulnerable populations,” said NJEDA Chief Executive Officer Evan Weiss. “This development will provide older residents with stable, affordable housing, while empowering local families and businesses, delivering long-lasting benefits for years to come.”

The project, known as THA Senior, entails the construction of a four-story mixed-use development, and will be located on Martin Luther King, Jr. Boulevard in Trenton, less than a mile away from the Maternal and Infant Health Innovation Center. The building will have 107 affordable, one-bedroom rental units serving seniors aged 62 and older, as well as a two-bedroom superintendent’s unit. The development will also include a fitness room, community room, outdoor patio, walking paths, a parking lot, and playground equipment.

The development will also include roughly 10,000 square feet of commercial space for community-based organizations, with 7,400 square feet to be allocated for a daycare facility. Various programs will also be available to both residents and members of the community, including workforce development, senior services, education and youth support, financial empowerment, and early learning.

“This investment represents another major step in transforming the North Ward and delivering on the promise of our Choice Neighborhoods partnership,” said Trenton Mayor W. Reed Gusciora. “The City of Trenton and the Trenton Housing Authority worked together to secure this federal designation because we recognized that rebuilding a neighborhood requires more than building housing. THA Senior will provide 107 new affordable homes for our seniors while bringing early childhood education, workforce development, senior services and other community resources directly into the neighborhood. We are grateful to the NJEDA, HUD, the Trenton Housing Authority and all of our partners for investing in a stronger, more vibrant future for Trenton.”

“Projects like THA Senior demonstrate what is possible when state and local partners work together to invest in Trenton and the Capital Region,” said Mercer County Executive Dan Benson. “I want to thank Governor Sherrill, the New Jersey Economic Development Authority, and Trenton Housing Authority leadership for their continued commitment to our community and for utilizing the Aspire Program to help advance this important senior housing development. This investment will create new housing opportunities for older adults while helping to strengthen and revitalize Trenton. We look forward to continuing this partnership and building on the progress we are making across the Capital Region.”

“Every senior deserves access to safe, high-quality housing they can afford,” said Senator Shirley K. Turner (D-Mercer/Hunterdon). “This development will provide 107 Trenton seniors with homes of their own while also bringing childcare, workforce development, educational programs, and other valuable services to the surrounding neighborhood. This is the kind of investment that strengthens families, supports seniors, and contributes to the continued revitalization of our capital city.”

“I welcome today’s announcement of the Aspire award that will help create additional housing option for seniors and provide them with amenities that will keep their minds and bodies active,” said Assemblywoman Verlina Reynolds-Jackson (D-Hunterdon, Mercer). “At the same time, THA Senior’s plan for the workforce development, financial empowerment and educational support will benefit the entire community. This is truly a win-win for Trenton residents.”

“As we continue to revitalize Trenton, we must make strategic investments like this one that enhance amenities and foster opportunities for community members,” said Assemblyman Anthony Verrelli. (D-Hunterdon, Mercer). “The Aspire award announced today has the double benefit of increasing available housing for Trenton’s seniors and bolstering economic development through the creation of commercial space for local organizations. I am excited to see what the future of this project has in store for residents of our city.”

THA Senior was approved for an award of up to 85% of the total project cost, not to exceed $54.3 million. THA Senior was also approved for a $900,000 federal grant through the Choice Neighborhoods program. The Choice Neighborhoods program aims to leverage public and private dollars to revitalize struggling neighborhoods by catalyzing critical improvements, including vacant property, housing, businesses, services, and schools. This project is also supported by Low-Income Housing Tax Credits through the New Jersey Housing and Mortgage Finance Agency.

Aspire is a gap financing tool to support commercial, mixed-use, and residential real estate development projects. The NJEDA has temporarily paused applications for the program as it works to establish a new framework and criteria. For more information, please visit 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 Facebook, Twitter, Instagram, and LinkedIn.

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State and federal partners will help business owners identify financing, access expert assistance, and take the next step toward starting or growing their business in New Jersey

(TRENTON, N.J.) (September 14, 2026) – The New Jersey Economic Development Authority (NJEDA), along with state and federal partners, will host a resource fair to share information about key state resources for small business owners and entrepreneurs. The resource fair will take place on Tuesday, September 22, 2026, from 9:00 a.m. to 12:00 p.m. at the New Jersey Institute of Technology (NJIT) Campus Center.

WHEN:           Tuesday, September 22, 2026

9:00 a.m. to 12:00 p.m.

WHAT:            Attendees will meet directly with representatives from NJEDA, the New Jersey Business Action Center, the New Jersey Department of the Treasury, the New Jersey Small Business Development Centers, the U.S. Small Business Administration, and other partners. Representatives will help business owners identify relevant programs, understand eligibility and requirements, and connect with the appropriate next point of contact.

Attendees can get help to:

• Identify grants, loans, and other financing opportunities
• Understand what lenders look for and prepare to pursue financing
• Register and establish a business in New Jersey
• Pursue certification as a woman-, minority-, or veteran-owned business
• Connect with free counseling, mentorship, and technical assistance
• Find the right State, federal, or local contact for their business needs

WHO:               Business owners, entrepreneurs, economic development professionals, local government representatives, non-profit organizations, and community partners are all invited to attend.

WHERE:          New Jersey Institute of Technology (NJIT) – Campus Center

150 Bleeker Street

Newark, N.J.

Free parking is available at the NJIT Parking Deck (154 Summit Street, Newark).

Light refreshments will be provided. To register, click here. For more information, please email smallbusinessservices@njeda.gov.

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 Facebook, Twitter, Instagram, and LinkedIn