The new program would have Department of Labor and the Economic Development of Authority to create at least 20 R&D fellowships that will last 2 to 3 years each. The money must be used to help train people in information technology and 8 fellowships must go to employers with less than 25 employees and 8 must go to employers with 25 or more employees.
“This bill will help make New Jersey a beacon for innovation, technological ingenuity and development opportunities,” Kean said. “It will create greater opportunities for the workforce, develop this state’s future workforce pipeline and open new avenues for success with a top-notch innovation network. New Jersey needs all of these things to be a true economic force.”
S-2442 is among several “Fostering Innovation” bills announced by Senator Kean during a recent tour of one of New Jersey’s key innovation engines, Bell Labs. It quickly garnered bipartisan sponsorship from Senate Democrat Budget Committee Chairman Paul Sarlo.
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