TRENTON, N.J. (May 3, 2024) – The New Jersey Economic Development Authority (NJEDA) is opening applications for the next cohort of the New Jersey Innovation Fellows (NJIF) Program on May 6th, and is currently accepting questions from potential applicants. The NJIF Program supports entrepreneurs with income replacement grants, mentorship, and training to provide security in…
TRENTON, N.J. (April 25, 2024) – The New Jersey Economic Development Authority (NJEDA) is opening applications for the 2024 Technology Business Tax Certificate Transfer Program, commonly known as the Net Operating Loss (NOL) program, on Wednesday, May 1st. The NOL program allows early-stage technology and life sciences companies in New Jersey to sell a percentage…
TRENTON, N.J. (April 1, 2024) – The New Jersey Economic Development Authority (NJEDA) today issued a Request for Information (RFI) seeking insight from firms and individuals with perspectives on the proven best practices, potential challenges and appropriate considerations relevant to the development of a Statewide Employee Ownership program. The information gathered through this RFI will…
TRENTON, N.J. (May 28, 2024) – The New Jersey Economic Development Authority (NJEDA) issued a Request for Information (RFI) today seeking insight from film and digital media production industry stakeholders on best practices for sector workforce program design, parameters, and details for the development of a future $5 million NJEDA film and digital media production…
TRENTON, N.J. (October 16, 2024) – Based on the success of the NJ Accelerate Program, the New Jersey Economic Development Authority (NJEDA) Board recently approved a new two-year pilot period the program, which encourages the participation of entrepreneurs in high-quality approved partner accelerator programs, helping increase the chances of success of innovative companies in the…
Under the Angel Match Program, the NJEDA is the first entity to commit capital to a technology company, leading to other investors who provide matching funds. This fuels the growth for the product-based technology company by increasing the pool of available capital. The NJEDA’s investment ranges from $100,000 up to $500,000, as it is matched…
New Jersey lost 4,400 nonfarm jobs between July and August, and the unemployment rate ticked up by a tenth of a percentage point to 4.8%, according to federal data released Thursday by the state Department of Labor & Workforce Development. Revised employment estimates for July saw a downward revision of 11,500 compared to the preliminary…
NEW JERSEY – The new year brought in a new minimum wage for hundreds of thousands of New Jersey workers. Under state law, the statewide minimum wage increased on January 1, 2025, by $0.36 to be set at $15.49 per hour for most employees. According to state lawmakers, the minimum wage increase will impact more than 350,00 New…
TRENTON – The New Jersey Department of Labor and Workforce Development (NJDOL) today announced a new online application for teenagers who need working papers – at MyWorkingPapers.nj.gov – launching June 1. Minors who need working papers to start a job – and any employer who hires a worker under age 18 in New Jersey – will visit the site…