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Strategic Industry Support

WHY CHOOSE NEW JERSEY


Strategic Sector Support

Launched in support of Governor Murphy’s 2018 Economic Development Plan: The State of Innovation: Building a Stronger and Fairer Economy in New Jersey, NJEDA’s Strategic Sector efforts aim to accelerate the growth of New Jersey’s economy by developing and implementing programs that enhance the State’s long-term economic competitiveness in eight strategic sectors.

NJEDA  works in partnership with industry leaders, academic institutions, and government agencies to provide a coordinated approach to sector-based growth. We leverage New Jersey’s existing assets and implement programs to increase economic opportunities and create jobs.

We focus on expanding our State’s competitive strengths driving long-term growth and reclaiming New Jersey’s position as a center of invention and innovation.

The Office of International Innovation and Partnerships

In line with Governor Murphy’s strategic vision for a stronger and fairer New Jersey economy, the NJEDA’s Office of International Innovation and Partnerships coordinates with global entities, including business, academia, government officials and organizations to build economic relations, investment opportunities, and agreements from abroad with NJEDA. 

Fifth in the nation for total imports and exports, New Jersey’s economy benefits greatly from continued strategic international investment. With the NJEDA’s goals of financing, investment, and job creation in mind, the NJEDA develops international attraction products that support the growth of international businesses from key markets within New Jersey. 

Operating within the Office of the Chief of Staff, the International Innovation department acts as a coordinator for international activities across the organization and works closely with the Office of Economic Transformation. It capitalizes on New Jersey’s key role and location to drive economic growth from sources originating outside the United States. Additionally, this team liaises with other New Jersey State offices and statewide entities to provide guidance and support around these types of economic engagements. 

Whether you are an early-stage startup or global enterprise, New Jersey is a place where your innovation can get started, get established, and grow. Contact Andrew.Gross@njeda.gov for more information.

Strategic Sectors

NJEDA innovation economy Programs

Angel Investor Tax Credit Program
Angel Match Program
Bond Financing
Brownfield Redevelopment Incentive​ (NEW)
Clean Tech Seed Grant Program (Round 3)
Commuter and Transit Phase 2
Direct Loans
Edison Innovation Fund
Emerge Program (NEW)
Food and Agriculture Research & Development Pilot Grant Program
Garden State C-PACE
New Jersey Clean Energy Loans: NJ CELs
New Jersey Innovation Fellows Program
NJ Accelerate
NJ Cool
NJ Entrepreneur Support
NJ Founders & Funders
NJ Ignite
NJ Innovation Evergreen Fund​ (NEW)
NJ ZIP
Offshore Wind Tax Credit Program
Offshore Wind Workforce and Skills Development Grant Challenge
Personal Protective Equipment (“PPE”) Manufacturing Tax Credit
Salem County Energy Sales Tax Exemption
Small Business Bonding Readiness Assistance Program
Small Business Fund
Small Business Improvement Grant
Small Business Lease Grant
Technology Business Tax Certificate Transfer (NOL) Program
Urban Enterprise Zone (UEZ) Manufacturers Energy Sales Tax Exemption
Venture Fund Investments
Wind Institute Fellowship Program for Private Research Universities

Click Here for a comprehensive information session discussing the various NJEDA programs designed to support New Jersey’s Innovation Economy. This session includes a review of programs such as Angel Investor Tax Credit, NJ Ignite, NJ Accelerate, and more.

Angel and VC Investments

Access to capital is pivotal to the growth of emerging New Jersey innovation-focused companies. Garden State businesses continue to attract the capital they need to grow. Below is a summary roundup by month of the many of the companies that have received investments, as well as a roundup by month of many mergers and acquisitions. Click on each company’s name to learn more.

EMAIL NJINVESTMENTS@NJEDA.COM TO SEND US INVESTMENTS YOU WOULD LIKE TO SEE HIGHLIGHTED.

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Strategic Innovations Centers

In July 2021, NJEDA approved policy guidance for utilizing recently appropriated funds to undertake development of or investment in strategic innovation centers.

Strategic Innovation Centers are facilities that either directly support research and development (R&D), innovation, or entrepreneurship or are aimed at solving specific problems in new and innovative ways through a combination of services such as mentorship, networking opportunities, hands-on training, business support services, education opportunities, and/or access to testing, fabrication, or manufacturing facilities and equipment.

The aim of funding strategic innovation centers is to accelerate economic recovery and drive the long-term growth of the State’s innovation economy.

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Golden Seeds

Governor Phil Murphy’s comprehensive plan for building a stronger and fairer economy in New Jersey includes a goal of creating the most diverse innovation ecosystem in the nation and doubling venture capital in the state. Furthermore, the Governor’s plan calls for closing the racial and gender wage and employment gaps. One means of closing wage and employment gaps is to close the funding gap for female-led startups. 

In support of this goal, the NJEDA has worked with First Lady Tammy Murphy to organize a New Jersey chapter of Golden Seeds to focus on New Jersey women-led businesses. Here is the First Lady’s discussion on the benefits of supporting female entrepreneurs.

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New Jersey Commission on Science and Technology

In August 2018, Governor Murphy signed legislation re-establishing the former New Jersey Commission on Science and Technology as the New Jersey Commission on Science, Innovation and Technology. The Commission is tasked with leading the way in promoting the state as a home for academic and technological research, development, and commercialization. The Commission is comprised of 17 members including the State’s Chief Innovation Officer, the Secretary of Higher Education; the Commissioner of Education; and the CEO of the NJEDA.

Industry EngagEment- Request for Information

New Jersey Economic Development Authority
REQUEST FOR INFORMATION
2023-RFI-193 for Identifying Barriers to Obtaining Capital for Art/Culture Entities

1. INTENT/SUMMARY OF SCOPE

The New Jersey Economic Development Authority (“Authority,” “NJEDA”), is an independent

Authority of the State of New Jersey and is seeking information to better understand the challenges

faced by arts and culture businesses, institutions, and entrepreneurs in New Jersey in accessing

capital, especially businesses and institutions that anchor New Jersey’s Main Streets. Access to capital

for arts and culture entities is essential for both for and non-profit entities. A lack of capital access can

impede growth, expansion, daily operations, and survivability of important arts institutions.

Traditionally, the arts and culture sectors have been considered superfluous to economic impact.

When in fact, NJ’s core arts and culture entities directly accounted for $4.6 billion in revenue in 2021

with an additional $18 billion in revenue from indirect impact in other supporting industries like

broadcasting, logistics, and publishing. The combined impact of arts and culture industries account

for 3/5% of NJ’s GDP, as well as 3.1% of the states’ work force.1 In 2022, non-profits specifically,

created $532.3 million in economic stimulus: $338.5 million in spending by arts and culture

organizations, with their audiences spending an additional $193.8 million in event-related

expenditures.2 Arts and culture businesses create job-sustaining revenue for New Jersey Main Streets

and communities with an average arts event attendee spending over $32.68 on restaurants, retail,

and services outside of their arts experience.3 The arts are a growing component of the travel and

tourism industry, New Jersey’s second largest industry.4

Providing access to capital for arts entities is also a core factor to building a “Stronger and Fairer New

Jersey,” especially for the youngest New Jerseyans. In 2019, New Jersey led the nation in becoming

the first state to provide universal access to Arts Education for all public-school students.5 Multiple

studies show that the arts teach students invaluable life and professional skills, preparing them for

the 21st century workplace in which, creativity and integrative thinking, teamwork, self-discipline, and

self-confidence remain essential. Additionally, access to arts education drives higher GPAs,

standardized test scores, and college-going rates, as well as lowering drop-out rates. These academic

benefits are reaped by students across all socioeconomic strata. Arts and Culture anchors New Jersey

communities now and for the future. Arts venues act as a core component of strong and growing

downtowns from internationally famous for-profit arts institutions to those lesser known in small

towns, as well as the hundreds of large and small-scale non-profit arts organizations in all 21 counties

throughout the state. These institutions work to sustain and grow their communities of artists, arts

sector workers, residents, and visitors of all ages.

1 Creative Economy State Profiles – National Assembly of State Arts Agencies/ASAA (nasaa-arts.org).

2 Arts & Economic Prosperity 6 (AEP6) | Local & Regional Findings (americansforthearts.org)

Arts & Economic Prosperity 6: The Economic & Social Impact Study of Nonprofit Arts & Culture Organization &

Their Audiences in New Jersey, October 2023.

3 Americans for the Arts; Arts and Economic Prosperity 6, New Jersey issued 10/27/2023; AEP6 Study Findings

(americansforthearts.org)

4 New Jersey State Council for the Arts.

5 New Jersey Becomes First State to Provide Universal Access to Arts Education; nearly 1.1 Million Students

Actively Participate – Arts Ed NJ.

Governor Murphy and the NJEDA are exploring new and innovative funding solutions to help grow

New Jersey Arts and Culture business and non-profits by addressing barriers to capital. The purpose

of this Request for Information (“RFI”) is to inform EDA of capital access needs of the New Jersey arts

and culture sector. The NJEDA is seeking information and ideas from qualified entities

(“Respondents”), including but not limited to for-profit and non-profit entities, philanthropic partners,

higher education institutions, community development organizations involved in arts-based

placemaking, Chambers of Commerce, arts industry advocacy organizations, state and local

government entities, and other stakeholders with perspectives on structural barriers and disparities

encountered by arts and culture entities in terms of access to capital. The NJEDA also seeks interest

and ideas on solutions to address those obstacles, including but not limited to, existing programs that

address gap financing due to lack of philanthropic capital for non-profit entities. The NJEDA is

interested in receiving comments, questions, recommendations, facts, information, ideas, and

responses that will help the NJEDA better understand the scope and characteristics of access to capital

and other forms of financing available to arts and culture entities.

This Request for Information (RFI) is issued by the New Jersey Economic Development Authority

(“Authority”, “NJEDA”) to seek information from stakeholders with perspectives on the barriers to

obtaining capital faced by the arts and culture community. The NJEDA is interested in receiving

comments, questions, recommendations, facts, information, ideas, and responses that will help the

NJEDA better understand the scope and characteristics of the Arts and Cultural entities of New Jersey

in anticipation of better understanding the challenges and seeking potential solutions. The authority

is interested in identifying creative approaches

2. BACKGROUND

The New Jersey Economic Development Authority serves as the State’s principal agency for driving

equitable economic growth. The Authority 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

Authority 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.

2023-RFI-193

In The State of Innovation, building a “Stronger and Fairer Economy in New Jersey”, the State’s

comprehensive Economic Development Plan released in October 2018, Governor Murphy reiterated

the importance of thriving downtowns and vibrant cities in New Jersey, which shows a real income

growth of six times that of the rest of the country and acts as a driver for accelerating job and wage

growth for more of our residents. Two of the strategic priorities include “Investing in Communities”

and “Investing in People.” Critical investments in New Jersey communities and people create inclusive

growth across industry in both for-profit and non-profit sectors. Governor Murphy’s plan also

committed to a New Jersey future that supports all the State’s businesses, specifically emphasizing

small business and their importance in building strong, equitable and sustainable urban centers and

downtowns. The Arts & Culture industry is a significant contributor to the overall creative economy

and ecosystem of New Jersey with multipronged benefits. The Arts have proven to be powerful

engines that support the development and growth of communities, as well as their economic viability,

by providing jobs, making downtowns attractive to new businesses and talent, and attracting tourism.

Arts and Culture are a catalyst for making a social and an economic impact in any community.

This RFI focuses on the challenges faced by, and potential solutions for, increasing capital available to

arts and culture entities, and is one of several steps being taken by the Authority and the Murphy

Administration to address the goals of the State’s Economic Development plan. Understanding the

importance of addressing the existing barriers for Arts & Culture entities to create a stronger and

fairer economy, NJEDA will continue to engage and connect with other state entities to determine

additional resources that may be utilized in meeting capital needs for arts entities, including:

• New Jersey State Council on the Arts (“NJSCA”) which provides arts entities with support,

financing, and opportunities for growth across New Jersey while also driving public interest in the

arts, culture, and humanities

• The Department of Community Affairs (“DCA”), which spearheads efforts related to community

revitalization with strategic guidance, financial support and technical assistance to local

governments, community development organizations, businesses and individuals that improve

the quality of life in New Jersey.

• Department of State, New Jersey Cultural Trust, which operates as a public/private partnership

to help ensure a stable and healthy nonprofit cultural industry by providing grants to support

capital projects, endowments and institutional and financial stabilization of arts, history, and

humanities organizations in New Jersey.

3. ELIGIBILITY CRITERIA (If applicable)

The RFI is seeking responses from all interested stakeholders. Specifically, this RFI welcomes input

from entities and organizations including:

2023-RFI-193

• Arts Organizations

• Artists and Arts entrepreneurs

• For-profit and non-profit arts entities

• Higher education institutions with arts venues

• Arts industry advocacy organizations

• State and local government or public entities

• Other stakeholders with perspectives on structural barriers and disparities encountered by

arts and culture entities

4. RFI RESPONSE QUESTIONS

In submitting responses to this RFI, respondents are encouraged to answer any questions they consider

relevant and to the best of their ability. Respondents do not need to answer all questions for their

response to be considered. Answers are understood to be preliminary and non-binding. Respondents are

free to go beyond the scope of the questions and/or structure responses as necessary to increase clarity

and efficiency of responses. Respondents should also feel free to submit additional or alternate

information as deemed necessary.

Description of Your Organization:

1. Please provide information on your organization including:

a. The name of your Arts or Cultural-based organization

b. Your name and title

c. Your operating/business location(s), including municipality and county in NJ

d. Your organization type and business structure, e.g., non-profit, municipality, county, LLC,

for-profit arts business entity, sole proprietor?

e. How many years your organization has been in operation?

2. Which best describes your organizational mission? (Check or list all that apply)

a. Presenting organization

b. Exhibition space

c. Studio space

d. Arts Education

e. Professional Development/Training for Arts Community

f. Granting Organization

g. Arts Resource Organization

h. Membership Organization

i. Sales of Art/Arts related services

j. Other; please explain

3. What are your organization’s sources of income? (List all that apply)

a. Grants

b. Local government contributions

2023-RFI-193

c. State government contributions

d. Corporate funding/donations

e. Educational offerings (e.g., fees from classes, workshops, seminars, etc.)

f. Private Donors

g. Sales of goods & services

h. Other; please explain

4. Briefly describe the full scope of your presence in your community and the impact you have.

(Please summarize in no more than 2 paragraphs.)

5. Which best describes the physical space that your organization inhabits/uses? (List all that apply)

a. Rent

b. Own

c. Donated

d. Shared Space (as in Shared Rent with another organization)

e. No Permanent Space for organizational entity

f. Other; please explain

6. Does your organization have a designated Development or Fundraising person or team?

a. If so, how many people are part of that team?

Arts Organizational Challenges in NJ

7. What are the current barriers to accessing funding that your organization is facing? Please

describe.

8. What, if any, barriers has your organization faced in accessing NJEDA funding? Please describe.

9. Are there innovative funding models or philanthropic practices that your organization could

benefit from and that NJEDA should consider in creating an arts-based funding initiative? Please

describe.

10. What is your organization’s strategy for attracting women and people from the BIPOC, LGBTQIA+

communities into positions of leadership within your organization and/or onto your Board?

11. Does your organization have a strategic plan in place? If so, what are the strategic priorities of

that plan? How many years does that strategic plan represent/include? (e.g., 1 year, 5 years, etc.)

12. Does your organization work with collaborative partners? If so, please describe the partnerships,

the goals of the partnerships and in what ways they are beneficial to your organization and

community?

2023-RFI-193

13. Is there an integrated model of creative placemaking that your organization is currently working

toward as part of your strategic plan? If so, please describe/site model and key components.

14. Have you undergone a capital campaign to raise private funding? What have been the challenges

in raising private capital?

15. Would pre-approval of funding from NJEDA for a project facilitate private fundraising?

16. Would professional development or training be helpful to your organization? If so, in what ways?

5. QUESTIONS AND ANSWERS (From Respondents to the EDA)

All questions concerning this RFI must be submitted in writing no later than 12:00 PM EST, on Tuesday,

January 23rd, 2024 via e-mail to: ArtsCulture@njeda.gov.

The subject line of the e-mail should state: “QUESTIONS-2023 RFI-193 Capital for Arts & Culture”.

Answers to questions submitted will be publicly posted on the Authority’s website on or about

IT IS THE RESPONDENT’S RESPONSIBILITY TO CHECK THIS URL REGULARLY FOR UPDATES.

6. RESPONSE DETAILS (Info Provided to Respondents Regarding Document Submission)

All RFI responses must be submitted in writing no later than 11:59 PM EST, on Tuesday, February 13th,

2024 via e-mail to: ArtsCulture@njeda.gov.

The subject line of the e-mail should state: “RFI Response-2023-RFI-193 Capital for Arts & Culture”.

7. FOLLOW-UP QUESTIONS (from EDA) / ADDITIONAL INFORMATION

Respondents may be asked to provide additional information to allow the Authority to better

understand the responses or services available.

8. PROPRIETARY AND/OR CONFIDENTIAL INFORMATION

The Authority reserves the right to copy any information provided by the Respondents. The Authority

reserves the right to use ideas that are provided by Respondents, applicants, stakeholders, or vendors.

By submitting a Response, the submitter represents that such copying or use of information will not

violate any copyrights, licenses, or other agreements with respect to information submitted or

2023-RFI-193

product solutions demonstrated, if applicable. Responses must clearly be marked for any information

the Respondent deems Proprietary and/or Confidential.

9. DISCLAIMER / NO OBLIGATION

This RFI is not a request for qualification/proposal. It may or may not result in further action.

This RFI is issued solely as a means of gathering information regarding the Authority’s desire to

understand the types of barriers to accessing funding faced by the Arts and Culture sector in the

market to meet the Authority’s needs. Interested parties responding to this RFI do so at their own

expense. There will be no monetary compensation from the Authority for the time and effort spent

in preparing the response to this RFI. All expenses incurred are the sole responsibility of the

Respondent.

Should the Authority decide to move forward and issue an RFQ/P or announce a program/product

related to this RFI, Respondents need not have submitted a response to this RFI to be eligible to

respond to the RFP. Should an RFQ/P be issued, responding to this RFI will not affect scoring or

consideration for that process.

The Authority is under no obligation to contact Respondents to this RFI.

10. NEW JERSEY OPEN PUBLIC RECORDS ACT

Respondents should be aware that responses to this RFI are subject to the “New Jersey Open Public

Records Act” (N.J.S.A. 47:1A-1 et seq.), as amended and including all applicable regulations and

policies and applicable case law, including the New Jersey Right-to-Know law. All information

submitted in response to the RFI is considered public information, notwithstanding any disclaimers to

the contrary, except as may be exempted from public disclosure by OPRA and the common law.

Any proprietary and/or confidential information submitted in response to this RFI will be redacted by

the Authority. A person or entity submitting a response to this RFI may designate specific information

as not subject to disclosure pursuant to the exceptions to OPRA found at N.J.S.A. 47:1A-1.1, when

such person or entity has a good faith legal and/or factual basis for such assertion (i.e. information

that may be included in another ongoing public procurement or solicitation). The Authority reserves

the right to make the determination as to what is proprietary or confidential and will advise the person

or entity accordingly. The Authority will not honor any attempt to designate the entirety of a

submission as proprietary, confidential and/or to claim copyright protection for the entire proposal.

In the event of any challenge to the Respondent’s assertion of confidentiality with which the Authority

does not concur, the Respondent shall be solely responsible for defending its designation.

Click here for full PDF

View All Expired RFIs

Build Back Better Regional Challenge

On September 16, 2021 Governor Phil Murphy and NJEDA announced the NJEDA’s participation in four regional coalitions preparing applications for the U.S. Economic Development Authority’s Build Back Better Regional Challenge. The Challenge is a federal grant program to help communities adopt and implement transformational, industry-based economic development strategies that strengthen economic diversity and resiliency in the wake of the COVID-19 pandemic. Applications must be centered around developing or growing a regional industry cluster, with a long-term transformational vision and a plan for execution. Applicants for the Challenge act as a regional coalition with one lead entity per application.  The four coalitions that NJEDA has joined focus on regional industry clusters that are part of Governor Murphy’s Stronger and Fairer Economic Plan, including biomanufacturing, clean energy, aviation, and smart ports.

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Related Events

There are currently no scheduled events at this time. Please check back soon for updated information.

Recent News

our TEAM

Kathleen Coviello
Kathleen Coviello
Chief Economic Transformation Officer


kcoviello@njeda.com
609-743-0097
Bill Penders
Managing Director
Strategic Sector Development
wpenders@njeda.com
609-731-0974
David Ramsay
Manager
Project Officers
dramsay@njeda.com
609-690-1376
Erica Breiterman
Sector Lead
Transportation and Logistics

ebreiterman@njeda.com
609-256-3830
Kara Moore
Senior Advisor
kmoore@njeda.com
609-306-2648
Thomas motyka
Sector Lead
Advanced Manufacturing

Doug Yorke
Doyin Ashiru
Sector Lead- Non-Retail Food & Beverage  

aashiru@njeda.com
609-960-7345
Brian MCardle
Sector Advisor
Film, Digital & Economic Growth Communications  
Andrew H Gross
Director of International Innovation and Partnerships
Sandy Chu
Director Sector Lead Financial & Professional Services
schu@njeda.com
609-273-9244
Doug MacDonald
Technology Sector Lead
Sector Development 

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