CSIT to Open Applications June 5 for Two R&D Seed Grant Programs
TRENTON, N.J. (May 31, 2023) – The New Jersey Commission on Science, Innovation and Technology (CSIT) will open applications on June 5 for two seed grant programs.
ICYMI: NJEDA Board Makes Wide-Ranging Set of Approvals to Continue Growing NJ’s Economy
NJEDA Seeks Public Input on How Employers Can Support Child Care
The New Jersey Economic Development Authority (NJEDA) yesterday issued a Request for Information (RFI) seeking input for innovative ways that employers can help solve New Jersey’s child care challenges. Input may be used to inform the development of a pilot program that...
Residential Development Projects in Camden, Morristown, and Newark Approved for Aspire Tax Credits
NJEDA Approves Investment Firms to Manage Funds to Support Small & Early-Stage Businesses
ALL NEW & UPDATES
Black Entrepreneurship in New Jersey
Sometimes, a shock as damaging as a pandemic has a beneficial underside for the economy. For example, we’ve seen a surge in entrepreneurship…Read More >
Economist’s Corner: Manufacturing Trends in New Jersey
This latest version of The Economist’s Corner focuses on trends in New Jersey’s manufacturing sector. The report shows manufacturing in recent years is gaining an increased share of New Jersey’s economy following years of contraction. Moreover, recent trends towards job reshoring provide further impetus behind New Jersey’s manufacturing sector continuing to increase share of New […]Read More >
Economist’s Corner – July 2021
The Economic Recovery Remains Incomplete If you spend some time reading the popular press on the state of the economy, you’ll likely come away with a simple story: the economy is booming as everything re-opens and pent-up demand from the past year gets filled, but constraining economic growth are shortages of goods and labor, which […]Read More >
Economist’s Corner: What’s Holding Back New Jersey’s Labor Supply?
Economists love their data, and for good reason. Data enables us to understand important issues such as what factors support economic growth, impact price inflation, and alter labor flows. Right now, many people are struggling to use data to answer one very important question: is overgenerous government support for unemployed workers hindering businesses from recruiting […]Read More >
Economist’s Corner – Women’s History Month
The pandemic has significantly decreased labor demand. From the outset of the pandemic through the end of 2020, prime-age employment (employment among people aged 25-54) fell by approximately…Read More >
Housing Market, Foreign Direct Investment, and GDP by County
To an economist, housing is like any other market: it’s about supply and demand. And while demand for New Jersey homes has swelled, supply has done quite the opposite. And, as a result, prices have surged higher.Read More >
New Jersey Gross State Product, International Trade, and Commercial Real Estate
As with every state in the US, New Jersey’s economy suffered an unprecedented drop in 2020:Q2, followed by an unprecedented rebound in 2020:Q3.
Heading into Q2, with COVID-19 cases surging, New Jersey’s economy went into a virtual freeze – something with no parallel in post-WWII history.Read More >