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Economic Development New Jersey

McCarter & English, LLP

Economic and Clean Energy Leadership in New Jersey—FY 2026 Budget Testimony Highlights

Last week, Tim Sullivan, CEO of the New Jersey Economic Development Authority (NJEDA), and Christine Guhl-Sadovy, president of the New Jersey Board of Public Utilities (BPU), presented their fiscal year (FY) 2026 budget...more

McCarter & English, LLP

FY 2026 Department of Community Affairs Budget Testimony

On Monday, April 21, 2025, Commissioner Jacquelyn Suárez of the New Jersey Department of Community Affairs (DCA) testified before the Assembly Budget Committee, outlining the department’s strategies to navigate projected...more

Rothwell, Figg, Ernst & Manbeck, P.C.

Fedtrade® Podcast – Bill Noonan, Choose New Jersey – SelectUSA Spotlight

The Fedtrade® podcast recently interviewed Bill Noonan, Chief Business Development Officer of Choose New Jersey, as part of our SelectUSA Investment Summit Spotlight series. Choose New Jersey is the state’s leading non-profit...more

Offit Kurman

Will 2025 Bring Greater Equity Investment and Debt Financing in NJ? NJ Aspire 3.0 aspires to do just that.

Offit Kurman on

On January 23, 2025, Governor Phil Murphy enacted significant amendments to the New Jersey Aspire Program by signing Senate Bill 1323/Assembly Bill 2076 into law. The amendments, collectively referred to as “NJ Aspire 3.0”...more

McCarter & English, LLP

Governor Murphy’s 2025 State of the State Address

Yesterday, Governor Phil Murphy delivered his annual State of the State Address, outlining an ambitious agenda aimed at securing economic opportunity and strengthening New Jersey’s future. Murphy is in his final year of...more

McCarter & English, LLP

Hearing on AI Displays NJ’s Commitment to Innovation and Adaptability

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The New Jersey Senate Legislative Oversight Committee hearing on October 21, 2024, provided a forum to explore how artificial intelligence (AI) is defined, the need for an integrated and expanded AI ecosystem, and the impact...more

Greenbaum, Rowe, Smith & Davis LLP

Garden State C-PACE Program Update: EDA Issues Updated Program Guidelines and Draft Supplemental Guidelines

On May 29, 2024, the New Jersey Economic Development Authority (EDA) posted updated program guidelines along with draft supplemental guidelines for the Garden State Commercial Property Assessed Clean Energy (C-PACE) program. ...more

Flaster Greenberg PC

NJEDA Establishes Diversity Finance Advisory Board

Flaster Greenberg PC on

On September 21st, the New Jersey Economic Development Authority (NJEDA) announced its plans to increase the capital available to minority-owned and women-owned startup companies through the formation of its Diversity Finance...more

Greenbaum, Rowe, Smith & Davis LLP

Garden State C-PACE Program Update: EDA Issues Draft Assessment Documents and Municipal Opt-In Ordinance

What You Need to Know - •On August 14, 2023, the EDA posted the draft assessment agreement forms and model municipal opt-in form required for the program to become operational. •The newly released documents complement the...more

Greenbaum, Rowe, Smith & Davis LLP

An Overview of Amendments to the New Jersey Aspire Program

What You Need to Know- •The New Jersey Aspire Program has been amended to incentivize developers seeking to close project financing gap costs associated with commercial, mixed use, and residential real estate development...more

Greenbaum, Rowe, Smith & Davis LLP

Garden State C-PACE Program Update: EDA Issues Preliminary Draft Program Guidelines

What You Need to Know- •On April 13, 2023, the EDA posted “preliminary draft” C-PACE program guidelines on its website and will be accepting comments on the draft guidelines until May 15, 2023. •The C-PACE program was...more

Greenbaum, Rowe, Smith & Davis LLP

The New Jersey Economic Recovery Act of 2020: NJ EDA Approves Rules to Implement Historic Property Reinvestment Program, Announces...

What You Need To Know •The Historic Property Reinvestment Program will provide incentive funding for the rehabilitation and preservation of eligible historic properties throughout New Jersey. •Awards under the program...more

McCarter & English, LLP

New Jersey Creates Venture Capital Fund To Supercharge Investment Into Early-Stage And Emerging Growth Companies In The State

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New Jersey Governor Phil Murphy is expected to sign into law the New Jersey Innovation Evergreen Act in the coming days/weeks. Pursuant to the Act, the New Jersey Economic Development Authority (the NJEDA) will create a fund,...more

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