article thumbnail

NJEDA Awards First $2M under Angel Match Program to Support Early-Stage Technology Companies

American Entrepreneurship

The ultimate goal is to foster an entrepreneurial ecosystem that leads to greater economic growth by providing companies with crucial funding for product development, marketing, research and development, and other working capital needs. This early commitment from the NJEDA catalyzes additional financing in these innovative startups.

support 52
article thumbnail

Governor Murphy Cuts the Ribbon at HAX Flagship U.S. HQ in Newark

American Entrepreneurship

(May 1, 2024) – Yesterday, Governor Phil Murphy, Newark Mayor Ras Baraka, and the New Jersey Economic Development Authority (NJEDA) joined company leaders to cut the ribbon on HAX, LLC’s newly constructed United States flagship headquarters located at 707 Broad Street in Newark. This really is a truly unique place.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How High Rents Hinder Startup Activity

Revolution

This multiplier effect is powerful for economic growth, but comes with drawbacks. The costs of construction and land values has increased far more quickly than incomes over the last 20 years, making it hard to build for the mass market. Cities need to be prepared not just for the tech jobs, but for the five other resulting jobs.

article thumbnail

NJEDA Board Approves Program to Expand Access to Capital for Emerging Developers

American Entrepreneurship

These predevelopment costs are necessary for the developer to incur before they can seek short-term construction financing. Soft costs eligible to be covered by the program include insurance costs, legal fees, utilities, property taxes, construction drawings, and design fees.

board 40
article thumbnail

NJEDA Board Approves Creation of the Atlantic City Revitalization Grant Program

American Entrepreneurship

Eligible projects must address a negative impact of COVID-19 and contribute to Atlantic City’s revitalization, which includes capital construction projects that renovate or restore a vacant building, or a new construction project.

board 52
article thumbnail

Ben Franklin Technology Partners Invests in Ten Companies!

Ben Franklin Technology Partners

The Ben Franklin program has been investing in tech startups for nearly 40 years, allocating capital to help catalyze economic growth, empower local entrepreneurs, and elevate rural Pennsylvania’s position as a hub for innovation.

article thumbnail

NJEDA’s $4M Innovative E-Commerce Program has Helped over 150 Small Businesses Expand Online Presence

American Entrepreneurship

Although the Mount Holly-based restaurant, bakery, and catering service had a well-constructed website, the consulting firm helped the business add Google search words and social media to their website in order to increase traffic, and the owners learned how to use analytics to track success.