In a meeting of its board today, the New Jersey Economic Development Authority moved to help businesses hurt by Hurricane Sandy and also created a new accelerator for life sciences and health care information technology firms.
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Government
New strategy for incubators as state funding remains elusive
New Jersey's 14 new-venture incubators no longer receive state funding to provide seed capital and deliver programs and services to their member companies. So now they're exploring a new strategy — becoming equity partners in some of the new companies they help launch, then using the profits from successful ventures to support new startups.
Read More »Engineering, environmental experts give testimony on Sandy rebuild
A state Senate committee circled back to Toms River today to take testimony on issues surrounding coastal planning and rebuilding in the wake of Hurricane Sandy to mark its fifth round of superstorm-related hearings since late November.
Read More »As N.J. antes up, other states look to become leaders in online gaming
New Jersey's near-term hopes for legalizing Internet gaming became clearer Thursday, as Gov. Chris Christie backed the concept in a conditional veto. But its long-term prospects of becoming a national leader are still complicated by similar efforts in other states, which have ramped up recently, and the lack of federal guidance on interstate...
Read More »Business groups still hopeful for compromise on higher minimum wage
New Jersey's business community emphasized its preference for a gradual increase to the minimum wage by state statute, rather than a constitutionally mandated hike like the one passed Thursday in the Senate.
Read More »Former prison site on Camden waterfront will be auctioned to developer
A former state prison site on Camden's waterfront will be auctioned off to private developers by the New Jersey Economic Development Authority under a bill signed Thursday by Gov. Chris Christie.
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New distillery is proof of a more business-friendly regulatory climate
With a more business-friendly director at the helm, the Division of Alcoholic Beverage Control has opened the door for spirits to join wine and beer in the state's growing craft alcohol industry.
Read More »1.8 billion in Sandy aid on its way to New Jersey
New Jersey will receive $1.8 billion to aid businesses, homeowners and municipalities in the areas most severely harmed by Hurricane Sandy as part of the first wave of a $50.5 billion federal disaster relief package, state delegates announced today.
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At Business Action Center, convincing executives they have a friend in Trenton
The New Jersey Business Action Center was created by the Chris Christie administration to reach out to businesses considering moving to New Jersey or expanding here — and to intervene when discouraged companies consider pulling up stakes. It is part of the administration's Partnership for Action, which so far has worked with companies to...
Read More »Labor plans 11M in Sandy recovery training grants
To help businesses recover from Sandy, the state Labor Department later this month will start awarding “Recovery4Jersey” employee training grants designed to rebuild the competitiveness of employers whose operations were hampered by the storm.
Read More »Experts consider how to address communications challenges ahead of next Sandy
The Federal Communications Commission today held its first field hearings with local telecommunications executives, legislators, consumer advocates and academic experts to address vulnerabilities in the region's wired and wireless infrastructure that left millions of people unable to make calls in the wake of Hurricane Sandy, FCC Chairman Julius...
Read More »Bills aim to help homeowners navigate insurance
The Senate Commerce Committee on Monday released a pair of bills aimed at protecting homeowners both before and after natural disasters.
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