NJEDA August Board Meeting Highlights Array of State Support for Technology and Life Sciences Sector
Trenton, NJ - Continuing the state’s commitment to supporting the growth of the technology and life sciences industries, which are targeted for growth under the Economic Opportunity Act (EOA), the Board of the New Jersey Economic Development Authority (EDA) today took action to approve Grow New Jersey (Grow NJ) tax credits for two Middlesex County projects.
NJ Resources Support Serial Entrepreneur David Fischell’s Mission to Create Life-Saving Medical Devices
Trenton, NJ - The New Jersey Economic Development Authority (EDA) continues its series highlighting how entrepreneurs and investors are helping to build New Jersey’s technology ecosystem. Serial entrepreneur Dr. David Fischell, of Fair Haven, has founded and led more than a dozen medical device companies to success in the last 20 years. To Fischell, developing medical devices is a family affair. David, along with his father Dr. Robert Fischell, a physicist, and his brother Dr. Tim Fischell, a cardiologist, started New Providence-based Svelte Medical Systems in 2007.
Philadelphia, PA – The Biotechnology Industry Organization (BIO) released “Bioscience Economic Development in the States: Legislation and Job Creation Best Practices” today at the 2015 BIO International Convention. The Best Practices Guide is the bioscience industry’s leading comprehensive analysis of state legislative and regulatory initiatives in support of economic development.
Trenton, NJ - According to NJ Business Magazine, "Investors interested in startups and high-tech businesses should find out if they qualify for Angel Investor Tax Credits by the state. Check out the NJ Economic Development Authority website explaining the details of the program."
Washington D.C. - Four years ago, the Information Technology and Innovation Foundation (ITIF) advocated for an idea that is now drawing attention on Capitol Hill: "patent boxes." So named because they can involve adding a special check box to tax forms, the goal of patent boxes is to spur commercialization of research and development by allowing corporate income from the sale of patented products to be taxed at a lower rate than other income.
Washington D.C. – According to Bernie Becker of the Hill, “Lawmakers seeking progress on tax reform are considering a new incentive for innovation that would help companies that already pay comparatively little in taxes.The preference, called a “patent box” or “innovation box,” essentially gives companies a tax break on income from their intellectual property, making it especially attractive to high-tech and pharmaceutical businesses.”
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