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CoreWeave’s IPO Marks a Milestone for New Jersey’s AI Ecosystem

American Entrepreneurship

Today, it operates 32 data centers and supports over 250,000 Nvidia GPUs, serving clients like Microsoft, Meta, and OpenAI. Microsoft alone accounted for over 60% of CoreWeaves 2024 revenue, raising questions about customer concentration risk. Still, CoreWeaves strategic moves are positioning it for long-term growth.

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Woodchuck Raises $3.75M to Combat Construction Waste Crisis with AI-Driven Biomass Energy Platform

American Entrepreneurship

We’re proving that sustainability and strong economic growth can go hand in hand… This is an example that we are up to the task in creating opportunity in the process.” Thank you, Todd, for the work you are doing,” said Governor Whitmer. “We’re

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NJEDA Board Approves Two Programs to Advance New Jersey’s Leadership in Artificial Intelligence

American Entrepreneurship

AI presents a tremendous economic opportunity for New Jersey, poised to create good-paying jobs, catalyze new discoveries, grow our start-up community, and foster long-term economic growth, said Governor Murphy. Winners will also receive mentorship and advisory support from the Administrators network of subject matter experts.

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EDA Awards an additional $210M in Tech Hub Grants Supporting Innovation

American Entrepreneurship

Grants are financial awards given to organizations or individuals to support specific projects, research, or development efforts that do not have to be repaid. Conclusion: The grant-recipient tech hubs support early-stage startups by assisting them to overcome financial barriers as they scale their innovative technologies.

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RFQ | Entrepreneurial Ecosystem Project Management

Forward Cities

Overview Forward Cities, a national nonprofit committed to inclusive economic growth through entrepreneurship, seeks a strategic consulting partner to co-design and implement a set of field-informed solutions that advance Durham’s entrepreneurial ecosystem.

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Pennsylvania Supports Small Business with Bipartisan State Budget

American Entrepreneurship

Governor Josh Shapiro’s bipartisan budget supports programs to create vibrant downtowns and commercial corridors across PA helping small businesses. Governor Shapiro’s 2024-25 budget directs $20 million in investment into the new M ain Street Matters program.

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Ben Franklin’s 2024 Program Overview

Ben Franklin Technology Partners

Ben Franklin Technology Partners of Central and Northern PA (CNP) has remained steadfast in its pivotal role, bolstering local tech-based enterprises, small manufacturers, and entrepreneurs by continuing to provide essential business support services, training, and capital investments.