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Economic development
Opportunity for stakeholders to learn about this first-of-its-kind investment program
January 20, 2023
The New Jersey Economic Development Authority (NJEDA) will host a virtual informational session to provide venture capitalists, private equity investors, and New Jersey start-ups with information on how to access funding from the New Jersey Innovation Evergreen Fund (NJIEF). provide.
Established by Gov. Phil Murphy’s New Jersey Economic Recovery Act of 2020, NJIEF catalyzes up to $600 million to support early-stage innovation-focused businesses in New Jersey while creating mentoring, networking A tool designed to grow the state’s innovation economy by , and educational opportunities to set these companies up for success.
Last month, NJEDA announced the results of a $50 million tax credit auction. The auction saw established companies pledge funding, technical assistance and guidance to support start-ups across the state. Funds raised through the tax credit auction are expected to help support 6 to 10 high-growth companies this year.
The information session will be held on January 26th at 9:30 am. A recorded version of the information session will be posted on http://www.njeda.com/evergreen after the event.
To access additional business news, please visit: NJB News Now.
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