Remove construction Remove economic growth Remove entrepreneurship Remove sustainability
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.

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. This is a serious, but under-discussed, hurdle for entrepreneurship. 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. do not work.

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

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’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.

article thumbnail

Nearly $4M in Grants to Support Offshore Wind Workforce Training Approved by NJEDA Board

American Entrepreneurship

The funded training will support the needs identified in an offshore wind workforce assessment , which projected that the offshore wind industry will result in 20,000 new jobs in 2030 across numerous sectors in the state, including construction, manufacturing, and professional services. Wind energy is our future.

board 40