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Film Ready New Jersey Program prepares municipalities and counties across the state for film and television production

NEWARK, N.J. (August 1, 2025) – Today, the New Jersey Motion Picture and Television Commission (NJMPTVC), part of the New Jersey Economic Development Authority (NJEDA), announced that 19 municipalities and two counties have been designated as Film Ready Communities following completion of the Film Ready New Jersey Program. The Program prepares communities to accommodate movie and television producers and effectively market themselves as film destinations, bolstering the state’s standing as a national leader in film and television production.

“From the Jersey Shore to the Pine Barrens, and from vibrant cities to quiet suburban neighborhoods, New Jersey offers a remarkable variety of landscapes that meet the diverse needs of film and television productions,” said NJEDA Chief Executive Officer Tim Sullivan. “Under Governor Murphy’s leadership, New Jersey has reestablished itself as a premier destination for the industry — creating jobs, supporting small businesses, and driving meaningful economic growth in communities across the state. Through the Film Ready New Jersey Program, municipalities are better positioned to welcome and support productions of every scale, from big-budget blockbusters to independent films.”

The new Film Ready Communities announced today include Atlantic City, Bridgewater, Carteret, Clinton Town, East Brunswick, Florence Township, Gloucester Township, Guttenberg, Keyport, Leonia, Little Silver, Livingston, Maplewood, Moorestown, Mount Holly, New Providence, Ocean, Sparta, and Union Township, as well as Hunterdon and Salem Counties. Along with the state’s first cohort announced in March 2024, New Jersey now has 43 Film Ready Communities.

“The NJMPTVC has built consistency into the Film Ready program so when studios or networks bring projects to New Jersey, Film Ready localities are prepared for any opportunity that may arise,” said NJMPTVC Executive Director Jon Crowley. “As the Garden State continues to break records in film and television production, initiatives like Film Ready exemplify the state’s commitment to ensuring towns and counties across the state share in the industry’s immense economic benefits.”

The Academy Award-nominated film A Complete Unknown showcased the vast diversity of New Jersey communities. The movie filmed in 17 municipalities across the state, with notable scenes filmed in Hoboken, Jersey City, Paterson, and Cape May. In the film, New Jersey doubles as New York City, Pittsburgh, Rhode Island, Washington D.C., and Northern California. Buildings such as the Ritz Theatre in Elizabeth doubled as Carnegie Hall and the Newark Symphony Hall doubled as a San Francisco concert venue.

Film Ready New Jersey is a 5-step certification and marketing program that educates municipalities on the basics of motion picture and television production and sets basic standards for attracting filmmaking. The NJMPTVC’s Film Ready Workshops provide training and guidance from industry professionals, local mayors, and NJMPTVC Commissioners and staff, covering topics such as the economic impact of hosting on-location filming, ordinances and permitting, opportunities for small businesses, and expanding film infrastructure.

The NJMPTVC will be hosting their next workshop at the 2025 League of Municipalities in Atlantic City on Tuesday, November 18, from 10 a.m. to 1 p.m. For more information on the event, click here.

About the New Jersey Motion Picture & Television Commission

The NJMPTVC, part of the NJEDA, is staffed by industry professionals and serves as a resource for production companies. The Commission promotes film and television production in New Jersey.

www.film.nj.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.

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TRENTON, N.J. (July 31, 2025) – The New Jersey Economic Development Authority (NJEDA) recently closed on two new investments through the New Jersey Innovation Evergreen Fund (NJIEF). Nascent Materials, Inc. received an initial Qualified Investment of $750,000 through an application for co-investment submitted by the Princeton-based venture capital firm, SOSV. Additionally, Enquyst Technologies, Inc. received an initial Qualified Investment of $3 million through an application for co-investment submitted by the New York City-based venture capital firm Eckuity Capital.

“The New Jersey Innovation Evergreen Fund is a groundbreaking tool aimed at strengthening New Jersey’s economy and backing high-potential startups by creating a self-sustaining cycle of investment for entrepreneurs seeking capital,” said Tim Sullivan, Chief Executive Officer of the NJEDA. “Under Governor Murphy’s leadership, the Garden State is cementing its position as a global hub for innovation by supporting the next generation of transformative businesses.”

The NJIEF, launched in 2022, is a unique tool to increase access to strategic resources and venture capital in New Jersey. Under the NJIEF, the State acts as an equity investor in early-stage companies, deploying up to $600 million into companies alongside professional venture capital firms. The Evergreen Fund currently has approximately $19 million of unallocated capital available to fund additional investments into high-growth businesses in New Jersey.

“The NJEDA’s funding for Nascent Materials and Enquyst will accelerate each companies’ growth by providing essential resources for success. With four investments already made, the New Jersey Innovation Evergreen Fund shows no signs of slowing, demonstrating the state’s strong commitment to supporting young, innovative ventures,” said Kathleen Coviello, Chief Economic Transformation Officer of the NJEDA. “NJIEF’s continuous venture capital investments in high-growth startups play a key role in driving job creation and economic growth across the State.”

Nascent Materials develops cost-effective cathode active materials, a key input in lithium-ion batteries. Cathodes are the single most expensive component of lithium-ion batteries, representing roughly 40 percent of total battery cell cost, with current cathode production capacity largely stemming from manufactures based in China. Nascent Materials is currently working out of SOSV-sponsored HAX, a startup development program and Strategic Innovation Center for pre-seed hard tech companies located in Newark. NJEDA’s investment of $750,000 into Nascent Materials’ Seed fundraising round attracted additional international and out-of-state capital of $1,550,000 resulting in /private/ public multiplier of 2:1.

“While the U.S. has both the lithium resources and strong end-market demand for batteries, we continue to lag in one of the most strategic segments of the value chain: cathode manufacturing. This bottleneck has left domestic cell manufacturers overly reliant on foreign suppliers for their most expensive and technically complex input,” said Chaitanya Sharma, Founder and CEO of Nascent Materials. “This investment from NJEDA enables us to expand our operations in New Jersey and build the foundation for a resilient, homegrown supply chain. With its exceptional engineering talent, global port access, and critical position in national logistics networks, New Jersey is uniquely positioned to become a key hub in the emerging U.S. battery belt. We’re proud to be part of that vision and excited to grow alongside a state that’s actively investing in clean energy innovation and advanced manufacturing.”

Based in Princeton, SOSV is a global multi-stage venture capital firm that operates early-stage deep-tech programs and has over $1 billion in assets under management. Currently, SOSV manages three development programs, including HAX, and has invested in 50 Newark-based businesses through the HAX Strategic Innovation Center (SIC) program. In June, the NJEDA also announced that it will partner with venture capital firm SOSV on a second project along with Princeton Plasma Physics Laboratory (PPPL) to create a new SIC in the Princeton area.

“New Jersey has become a critical hub for industrial deep tech, and Nascent Materials is exactly the kind of company we envisioned supporting when we chose Newark as the home for HAX HQ. Their breakthrough cathode manufacturing process tackles one of the most urgent challenges in U.S. electrification—sourcing battery materials that are affordable, reliable, and not dependent on foreign supply chains, enabling us to reshore critical manufacturing,” said Duncan Turner, General Partner of SOSV and Global Managing Director of HAX. “With support from NJEDA and the infrastructure we’ve built at HAX HQ in Newark, Nascent has a clear path to scale in New Jersey, while reshaping a core part of America’s energy future.”

Founded in 2017 and headquartered in Short Hills, Enquyst Technologies is a manufacturing technology company that developed an advanced modular equipment and process platform designed to enhance biomanufacturing, specifically in the purification of complex drugs. The company’s platform focuses on the production of monoclonal antibodies (mAbs), bispecific antibodies, protein therapeutics, biosimilars, and gene therapies, all of which are high-demand market segments in biologics, with mAbs being the largest.

Currently, the production capacity for these drugs meets only 50 percent of the market’s demand, with Enquyst looking to close that gap. Enquyst was founded in Boston, Massachusetts where the technology has been developed, but is pivoting its core operations to New Jersey as a result of the proposed Program investment and to leverage the State’s strong biotech ecosystem. NJEDA’s investment into Enquyst is expected to catalyze additional private funding on a 3:1 basis.

“For decades, we have seen minimal innovation in bioprocessing, due to the highly regulated and conservative nature of the biotech and biopharma industries. Strategies fall short in meeting the cost and purification demands of today’s increasingly diverse biological medicines,” said Dr. Jason Criscione, Founder and CSO of Enquyst Technologies. “Our platform technology is disrupting biological drug manufacturing by enabling truly continuous processing, delivering best-in-class purity with no yield loss, offering flexibility across diverse biological drug classes, and lowering downstream processing costs by more than 70 percent. With investment from NJEDA and Eckuity Capital, Enquyst is expanding its NJ footprint to facilitate early adoption through strategic partnerships within the region’s biomanufacturing ecosystem.”

Eckuity Capital was established in 2021 and is based in New York City. The firm invests in companies with innovative solutions that it judges can achieve commercialization faster than traditional timelines, with a focus on life sciences, devices and diagnostics, and digital health. Enquyst Technologies represents Eckuity’s first investment in a New Jersey-based business.

“We believe Enquyst can fundamentally transform the purification process for complex molecules, but more importantly, change the way we think about manufacturing costs, time, and speed to market for the broader biologics industry,” said Vishal Jain, Managing Partner of Eckuity Capital.

Both Nascent Materials and Enquyst Technologies, like all companies approved for investment under the NJIEF, will benefit from the strategic commitments made by NJIEF tax credit purchasers. These purchases, which fund investments made by the Qualified Venture Firms (QVFs), are made in tandem with commitments to provide strategic support to strengthen the State’s innovation ecosystem. These commitments, which include networking, mentoring, and educational opportunities, are a scored component of the tax credit purchasers’ bids.

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 strong momentum from interested managers. The roster of the 19 currently 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 now open. The total capital available for new investments stands at approximately $19 million.

About the NJEDA

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NJ ZIP & NJ ZEV programs will expand number of zero emission vehicles on NJ roadways

TRENTON, N.J. (July 31, 2025) – Vendor applications are now open for the New Jersey Economic Development Authority’s (NJEDA) two programs that are aimed at putting more zero emissions vehicles on roads across the state. Together, Phase III of the New Jersey Zero Emission Incentive Program (NJ ZIP) and the New Jersey Zero Emission Vehicle Financing Program (NJ ZEV), aim to accelerate the adoption and use of commercial zero emission medium- and heavy-duty vehicles within the state, while reducing harmful emissions.

WHAT: NJ ZIP Phase III will provide vouchers to businesses and institutional organizations to offset the cost of purchasing new, zero emission medium- and heavy-duty vehicles. The size of vouchers awarded through Phase III, which is funded at $75 million, will vary depending on the class of vehicle being purchased, from a minimum of $15,000 for Class 2b vehicles to $175,000 for Class 8 vehicles. Bonuses will be available for school busses, small businesses; women-, minority-, and veteran-owned businesses. Additionally, 50 percent of funds will be set aside for applications from small businesses in Overburdened Communities (OBCs).

NJ ZEV, which is funded at $25 million, is a loan program to support businesses adopting medium- and heavy-duty zero emission vehicles. The program complements NJ ZIP by offering financing for vehicle costs that may not be met by NJ ZIP vouchers or other available grant funding resources. Loans will also be available through the program for business not utilizing the NJ ZIP program. NJ ZEV will offer low-interest rate loans ranging from $50,000 to $500,000 for the purchase of one or more eligible vehicles.

WHO: Licensed vehicle dealers offering new zero emission medium- or heavy-duty vehicles. Detailed guidelines and eligibility criteria are available here.

WHEN: Vendor applications will be accepted on a rolling basis. However, vendors interested in being listed on the programs’ website prior to purchaser application launch should submit applications by Tuesday, September 2, 2025 at 5:00 p.m.

For more information about Phase III of NJ ZIP, click here.

For more information about NJ ZEV, click here.

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Funding will assist the hub in entrepreneurship, workforce development, and community engagement initiatives

JERSEY CITY, N.J. (July 31, 2025) – The New Jersey Economic Development Authority (NJEDA) announced yesterday it has provided financial support for the development and operation of the Statewide Hispanic Chamber of Commerce of New Jersey’s (SHCCNJ) Innovation Business Hub. The Hub, located at New Jersey City University (NJCU), offers a physical location for local business owners and leaders to gather and attend workshops, seminars, and networking events aimed to strengthen connectivity, provide educational resources and tools, foster innovation, and spur economic growth.

“This partnership is an extension of our administration’s commitment to expanding our innovation economy and creating an ecosystem where all businesses can thrive,” said Governor Phil Murphy. “The SHCCNJ Innovation Business Hub will provide resources to emerging businesses across our state, strengthening New Jersey’s long-term economic competitiveness.”

“Under Governor Phil Murphy’s leadership, New Jersey continues to invest in initiatives and resources that support the state’s entrepreneurs, encourage startup creation, and strengthen the state’s small business ecosystem,” said NJEDA Chief Executive Officer Tim Sullivan. “The NJEDA is proud to collaborate with the SHCCNJ and NJCU on its Innovation Business Hub, which will create networking opportunities and expand access to resources for the next generation of business owners.”

“Latino-owned businesses contribute more than $100 billion to New Jersey’s economy—a number that speaks volumes not just here at home, but across the river in the broader regional market,” said SHCCNJ President Carlos Medina. “This Innovation Hub is about impact. It’s about turning that economic power into lasting opportunity. At the Chamber, our culture of advocacy grows stronger every day as la familia levels up small business for big impact.”

With the NJEDA’s $75,000 in funding, the SHCCNJ was able to convert a classroom at NJCU to serve as office space for the Innovation Business Hub. The Hub will offer comprehensive technical education programs, providing small businesses with access to an educational platform where they can take courses, review materials, and access key resources. SHCCNJ will also provide personalized mentoring and coaching for business owners, facilitating one-on-one sessions with industry experts. The Innovation Business Hub will offer space to host foreign guests, diaspora businesses, and entrepreneurial exchanges, making the Hub a center for knowledge-sharing and innovation.

Through the Innovation Business Hub, the SHCCNJ will connect business owners with the NJEDA’s Small Business Bonding Readiness Assistance Program, which provides a comprehensive series of classes, workshops, and strategic counseling sessions covering a variety of topics relevant to small businesses in all sectors, including bonding and insurance, business development, financial presentation, construction and contract law, construction management, estimating, and credit. At the end of the program, all participating businesses receive a Bonding Readiness Segment Report, which provides an in-depth assessment of their strengths and weaknesses to help them plan for the future.

“This investment from NJEDA represents more than just funding—it’s a commitment to our community’s future,” said SHCCNJ Chairman Luis O. De La Hoz. “The SHCCNJ Innovation Business Hub will serve as a launchpad for entrepreneurs to scale their businesses, access critical resources, and foster meaningful connections. We’re proud to partner with NJEDA and NJCU to turn vision into opportunity and drive sustainable economic impact across New Jersey.”

The funding was announced yesterday at a press conference held at the NJCU School of Business in Jersey City.

In October 2024, the SHCCNJ and NJCU signed a memorandum of understanding to facilitate the expansion of SHCCNJ’s Hispanic Business Hub to NJCU’s campus, as well as create new educational and professional opportunities for NJCU students. The agreement was structured around several key objectives, including enhancing collaboration on workforce development and entrepreneurship initiatives.

“What makes this partnership so meaningful is our shared belief that in New Jersey, you don’t have to uproot yourself to tap into your potential—you can prosper in place. We’re anchored right here in Hudson County, where nearly half of our population is foreign-born and where the promise of America speaks in an accent. This initiative allows us to institutionalize the organic connections that have existed for years, providing our students with direct internship and externship opportunities,” said NJCU President Andres Acebo. “While it’s great to work for an established company, imagine being able to say on your resume that you helped launch a startup while you were climbing toward your own success. That kind of hands-on experience, combined with the grit and resolve that defines our students and our community, creates something truly powerful — students who are not just learning, but actively contributing to the economic vitality of their own neighborhoods.”

The SHCCNJ was established in 1989 to foster, mentor, and train Hispanic-owned businesses in New Jersey and now represents over 120,000 businesses, contributing over $100 billion to the state’s economy. The Chamber is committed to creating new business opportunities, educating and training entrepreneurs and business owners, fostering advantageous relationships with the public and private sectors, advocating actively and visibly in the political process, and promoting trade between the business communities at the state, national, and international levels.

About the NJEDA

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Auctions will support Food Desert Relief efforts and Innovation Evergreen Fund

TRENTON, N.J. (July 24, 2025) – The New Jersey Economic Development Authority (NJEDA) will open applications for the Food Desert Relief Tax Credit Auction and the New Jersey Innovation Evergreen Fund Tax Credit Auction. The proceeds from the Food Desert Relief Tax Credit Auction will fund programs that increase access to healthy and affordable food in the state’s 50 Food Desert Communities (FDCs). The New Jersey Innovation Evergreen Fund Tax Credit Auction will support the Authority’s co-investments into NJ-based innovative high-growth businesses through the New Jersey Innovation Evergreen Fund (NJIEF).

WHAT: Up to $10 million in tax credits will be up for sale through the Food Desert Relief Tax Credit Auction and proceeds will fund programs that advance the priorities established by the Food Desert Relief Act. These future grants, loans, and/or technical assistance initiatives will complement the Food Desert Relief Tax Credit Program, a tax credit program to support the development and operation of new supermarkets in FDCs, by supporting other entities involved in strengthening food security, including smaller retailers and nonprofits.

The New Jersey Innovation Evergreen Fund Tax Credit Auction will sell up to $50 million in tax credits to fuel the NJIEF. Under the NJIEF, the State will become an equity investor in startups deploying up to $600 million into companies alongside professional venture capital firms. This strategic investment will not only support New Jersey’s entrepreneurs, but will also ensure that more companies start, grow, and stay in state. The funds raised from the auction will later be matched by professional venture capital firms and invested into high-growth, early-stage businesses across the Garden State.

WHO: New Jersey Corporate Tax Payers or Insurance Companies that want to reduce their New Jersey 2025 tax liability and support the State’s economic development efforts. Companies do not need to be in a food desert, in the food industry, or in the innovation space to buy tax credits through the auctions. Companies can bid for tax credits at a discount of up to 15 to 25 percent through the Food Desert Relief Tax Credit Auction and New Jersey Innovation Evergreen Fund Tax Credit Auction, respectively.

WHEN: Applications for both auctions will open on September 2, 2025, at 10:00 a.m. and close on October 3, 2025, at 5:00 p.m. Applications for the Food Desert Relief Tax Credit Auction can be found here. Applications for the New Jersey Innovation Evergreen Fund Tax Credit Auction can be found here.

An informational webinar that will provide an overview of both auctions will be held on Thursday, July 31, 2025, at 12:00 p.m. For more information and to register for the webinar, click here.

About the NJEDA

Centers in Camden and Mullica Hill will bolster early-stage medtech companies and promote scientific and commercial collaboration

CAMDEN, N.J. (July 21, 2025) – Today, the New Jersey Economic Development Authority (NJEDA) announced it will partner with Rowan University to create a new multi-location Strategic Innovation Center (SIC) in Camden and Mullica Hill. The SIC, operated by Plug and Play, will support the research, development, and commercialization of novel medical technologies and devices, serving as an accelerator for South Jersey’s burgeoning medtech ecosystem. The SIC will have locations in Camden and at Rowan University’s West Campus in Mullica Hill, serving as a world-class accelerator for early-stage companies and promoting overall scientific collaboration in the region.

Cooper University Health Care will serve as the anchor commercial affiliate and Garden State Venture Partners (GSVP) will invest in select participating accelerator companies. The SIC will support early-stage ideas emerging from southern New Jersey labs and pull companies from across the region into the state, helping to provide specialized lab space to meet the needs of companies that might otherwise be forced to seek expansion outside New Jersey.

“Due to the ingenuity of its entrepreneurs and its breadth of state resources to promote startup growth, New Jersey has long been a hub for innovation in medical technology,” said Governor Phil Murphy. “Through robust investment in our innovation economy and partnerships with storied medical and academic institutions, New Jersey is poised to maintain its leadership in the research and development of inventive healthcare technologies.”

“Under Governor Murphy’s leadership, New Jersey is leveraging partnerships with the private sector and academic institutions to bolster the state’s startup community, ensuring that entrepreneurs have access to capital and opportunities for meaningful collaboration with industry stakeholders,” said NJEDA Chief Executive Officer Tim Sullivan. “Through the NJEDA’s Strategic Innovation Center initiative, the Garden State’s leadership in medtech and healthcare innovation will be strengthened, enhancing New Jersey’s economic competitiveness.”

The SIC will encompass 8,500 square feet of space within two locations in Camden: the Joint Health Sciences Center and the Cooper Medical School of Rowan University. It will also have space on Rowan University’s West Campus in Mullica Hill, alongside the Shreiber School of Veterinary Medicine and Virtua Health College Research Center of Rowan University, when open. The SIC will include comprehensive laboratory, diagnostic, and testing spaces for research and development of new technologies in a collaborative environment.

Pending approval by its Board, the NJEDA will invest $9.55 million into the SIC, including $5.5 million into a seed and early-stage fund for companies in the accelerator program and those that choose to locate and grow their operations in the State. 20 percent of participating companies must be from New Jersey, and the remaining participants will include companies from out of state that may relocate to New Jersey with support from programs that support early-stage startups, such as NJ Accelerate.

Rowan University is among the nation’s top 100 research universities, the nation’s third fastest-growing public research institution, and one of two public universities nationwide with three medical schools. Along with the Cooper Medical School, the SIC will partner with the Shreiber School of Veterinary Medicine and the Virtua Health College of Medicine & Life Sciences, leveraging the university’s world-class facilities and faculty expertise to support startup creation.

“Nothing like the SIC exists to draw investments of this type to New Jersey,” said Rowan University President Ali A. Houshmand. “Governor Murphy’s vision helps health care innovators, entrepreneurs and investors take a giant leap forward in developing novel solutions. The SIC will add value to strong partnerships like those we have throughout the state with health care leaders as a result of our medical education and research excellence. We’re eager to see the SIC and GSVP attract startups that will thrive alongside Cooper, Rowan, and our other partners.”

GSVP is a New Jersey-based venture capital firm committed to driving innovation and economic growth across the state. GSVP-managed funds will deploy up to $7 million in seed and later-stage investments into select companies participating in the initiative. As part of its investment strategy, GSVP seeks to accelerate the commercialization of breakthrough technologies emerging from Rowan University, other leading research institutions, universities, healthcare organizations, and innovation centers throughout New Jersey.

“Partnering with the NJEDA, Rowan University, Cooper University Health Care and Plug and Play to launch the State’s newest Strategic Innovation Center marks a pivotal milestone for Garden State Venture Partners and for New Jersey’s innovation economy,” said Michael Connallon, Managing Partner at Garden State Venture Partners. “By aligning both early and later-stage capital with world-class academic research and the clinical expertise of leading health systems, we are building a powerful platform to accelerate breakthroughs in healthcare and medical technologies—sectors that are vital to both public health and long-term economic growth across the state.”

Cooper University Health Care is a leading New Jersey academic health system, consistently recognized as one of the top health systems in the Philadelphia Metropolitan area. As its anchor commercial affiliate, Cooper University Health Care will provide engagement and support to companies operating at the SIC.

“Supporting innovations and business creation that work to improve lives is a major focus of the work of Cooper’s Innovation Center,” said Anthony J. Mazzarelli, MD, JD, MBE, co-CEO of Cooper University Health Care. “We are excited to play a supporting role in work that will generate jobs as well as technologies and devices to improve and save lives.”

Plug and Play, an innovation platform and startup accelerator, will be the SIC’s operator, overseeing two cohorts of at least 25 companies a year. The NJEDA previously partnered with Plug and Play on the Fintech Accelerator at Stevens Institute of Technology (NJ FAST), a financial technology and insurance technology SIC.

“We’re proud to partner with NJEDA, Rowan University, and Cooper University Health Care to accelerate medtech innovation in South Jersey,” said Plug and Play Chief Revenue Officer and Partner Michael Olmstead. “This Strategic Innovation Center reflects our belief that meaningful progress happens when startups, healthcare leaders, academia, and the public sector come together with a shared mission. Our goal is to help the next generation of healthcare companies scale their impact faster — right here in New Jersey.”

“Throughout his administration, Governor Murphy has been committed to creating an environment where entrepreneurs can pursue innovative ideas with the capital and resources needed to succeed,” said NJEDA Deputy Chief Executive Officer Mary Maples. “The NJEDA’s newest SIC in Camden and Mullica Hill will foster a culture of collaboration among South Jersey’s healthcare, academic, and technology sectors, ensuring that startup businesses in the medtech space have access to cutting-edge research and funding opportunities.”

“Through programs like the NJEDA’s Strategic Innovation Center initiative, New Jersey is continuing to invest in high-growth, strategic sectors that will define the economic future of the state,” said NJEDA Chief Economic Transformation Officer Kathleen Coviello. “Our newest SIC investment will leverage Rowan University’s academic prowess in medical technology to boost inventive startup companies and promote novel discoveries, furthering South Jersey’s standing as a regional leader in medtech innovation.”

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.

The NJEDA has announced investments into 12 SICs in New Jersey, focused on industries such as artificial intelligence, fintech, aerospace, life sciences, and biotech. To learn more about the NJEDA’s SIC initiative, visit https://www.njeda.gov/strategic-innovation-centers/.

About the NJEDA

A meeting of the Commission of Science, Innovation and Technology (CSIT) Board has been scheduled for Friday, July 25, 2025, at 10:00 am.

A copy of the proposed agenda can be found at https://www.njcsit.gov/.

PARTICIPANT DIAL-IN NUMBER: 551-220-2262

PARTICIPANT ACCESS CODE: 661 611 035#

The New Jersey Economic Development Authority’s next public Board Meeting will be held via conference call, and via Microsoft Teams on Wednesday, July 23, 2025, at 10:00 am.

Members of the public may participate in the meeting by calling in on the conference line or joining via Microsoft Teams. Members of the public will have an opportunity to speak during the public comment segment of the meeting. The following conference number and Microsoft Teams link are being provided:

MEETING NAME: NJEDA BOARD MEETING (JULY 23, 2025)

PARTICIPANT DIAL-IN NUMBER: 1-888-790-3708

PARTICIPANT ACCESS CODE: 7825427

MICROSOFT TEAMS MEETING ACCESS LINK

Members of the public are encouraged to call in prior to the time the meeting is scheduled to begin to avoid any delays.

The agenda can be found 48 hours prior to the meeting on our website: https://www.njeda.gov. The meeting will also be recorded and posted to the NJEDA website shortly after the conclusion of the meeting.

Please be advised that a Capital City Redevelopment Corporation Informational Meeting will be held in person and via teleconference on Tuesday, July 22, 2025, at 4:00 pm.

Members of the public who wish to speak during the public comment segment of the meeting 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:

NJEDA Board Room

36 West State Street, Trenton, NJ 08625

TELECONFERENCE:

CONFERENCE NAME: CCRC HISTORICAL MARKERS INFORMATIONAL MEETING

PARTICIPANT DIAL-IN NUMBER: 551-220-2262

PARTICIPANT ACCESS CODE: 333 906 514#

The agenda can be found 48 hours prior to the meeting on the website: www.njeda.gov/ccrc.

TRENTON, N.J. (July 15, 2025) – The New Jersey Economic Development Authority (NJEDA) is seeking public input on proposed amendments to the Historic Property Reinvestment Program Rules. The program’s focus is historic preservation as a component of community development, aiming to attract long-term private investment into New Jersey while preserving properties that have historic value.

WHAT: A summary of the proposed changes can be found here. The final amendments will be presented to the NJEDA Board for its review and consideration for approval. If approved, the amendments will be published in the New Jersey Register for formal public comment as required by the Administrative Procedure Act before adoption.

WHEN: Feedback must be submitted through the NJEDA’s website by Monday, July 21, 2025, at 12:00 p.m.

About the NJEDA

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