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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.

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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.

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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.

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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.

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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.

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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.

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Startups have about $1 trillion worth of reasons to love the Biden infrastructure plan

TechCrunch

Tech companies have spent the past decade or more developing innovations that can be applied to old-world industries like agriculture, construction, energy, education, manufacturing and transportation and logistics. Part of the money frm the Biden plan will aim to redevelop brownfields and turn them into more sustainable businesses.