Trenton, NJ – The New Jersey Economic Development Authority (NJEDA) today presented the inaugural New Jersey Global Economic Index, a report that highlights, ranks, and analyzes the sources of foreign direct investment (FDI) into New Jersey. The report, which will be released annually, aims to guide and further develop international business relationships with the state, while bolstering Governor Murphy’s global economic development goals.
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New Brunswick, NJ - IntelliGenes, a first-of-its-kind software created at Rutgers Health, combines artificial intelligence (AI) and machine-learning approaches to measure the significance of specific genomic biomarkers to help predict diseases in individuals, according to its developers. A study published in Bioinformatics explains how IntelliGenes can be utilized by a wide range of users to analyze multigenomic and clinical data.
New Brunswick, NJ - The Rutgers University Behavioral Health Care (UBHC) Center for Integrated Care (CIC) has received nearly $2.6 million in federal grants and funding to work with its partners throughout the state to train behavioral health clinicians, nurses and nurse practitioners, and physician assistants in integrated care and integrated substance use disorder treatment. The grant, funded by the Health Resources and Services Administration (HRSA) of the U.S. Department of Health and Human Services, will extend behavioral health training and treatment in partnership with community-based health centers both within Rutgers Health and throughout New Jersey.
Westerville, OH - According to Conor Gowder, "The national picture of how 44 states, Washington, D.C., and the U.S. Virgin Islands chose to allocate $7.6 billion approved so far by the U.S. Treasury to spend through the nation’s second go at the State Small Business Credit Initiative (SSBCI) is getting clearer. Equity and venture capital programs—often important financing tools for high growth and innovation-oriented companies—have garnered approximately $2.8 billion, across 77 equity/venture capital programs, based on a Treasury-generated list of all programs and allocations. The remainder of the total approved is distributed across 107 credit support programs."
Washington DC - Effective workforce development policy and programs are crucial for economic growth and healthy communities, especially during a tight labor market. As a result of the current economic and workforce climate, it is no surprise that workforce development continues to be a bipartisan focus for Governors. In 2024 State of the State addresses, Governors outlined a full range of workforce development efforts, including investing in education and training programs, partnering with the private sector to align training with labor market needs, promoting apprenticeships and work-based learning, supporting adult education and upskilling programs, fostering collaboration between educational institutions, employers, and government agencies, and developing programs to allow workers to more easily access job opportunities. Below are just a few of the efforts discussed.
Penn and Rutgers warn new federal rules meant to lower drug prices have ‘unintended consequences’4/1/2024 Philadelphia, PA - According to WHYY News, "There’s a fear that the lynchpin of a technology ecosystem that allows institutions to make money from discoveries while inventors are working on federally funded research projects may be coming loose. The Biden administration is targeting a system research institutions have relied upon for four decades to force companies developing pharmaceutical drugs to lower the cost of medications.
Basking Ridge, NJ – Verizon Innovative Learning, the company’s signature education initiative focused on driving digital equity and inclusion through a suite of programs and resources, is continuing to partner with the National Association for Community College Entrepreneurship (NACCE) to bring the Verizon Innovative Learning STEM Achievers program to Historically Black Colleges and Universities (HBCUs), Hispanic-Serving Institutions (HSIs) and community colleges.
Princeton, NJ - Attend the Tiger Entrepreneurs Conference that will be held on Princeton’s campus on April 18 and 19. Meet Princeton faculty, students, and fellow alumni making an innovation and entrepreneurial impact across the globe! Princeton Entrepreneurship Council has organized four previous Tiger Entrepreneurs Conferences – one in Boston, one in Silicon Valley and San Francisco, and two in New York City – and is excited to bring the fifth conference to Princeton’s campus. This will provide the opportunity to highlight many of the exceptional academic entrepreneurs across many disciplines and engage undergraduate and graduate students with all of the alumni entrepreneurs participating in and attending the conference.
Trenton, NJ - Governor Phil Murphy and Princeton University President Christopher Eisgruber today announced plans to establish a hub for artificial intelligence (AI) activity in New Jersey in collaboration with the New Jersey Economic Development Authority (NJEDA). Leveraging state funding and private sector partnerships, the initiative will advance New Jersey’s leadership in AI and catalyze innovation in AI technologies, drive job growth and economic development across the region, promote rapid and responsible development of the field, and guide governments and public entities on AI implementation.
Washington DC - According to Jack Grove for Times Higher Education, "As headlines screaming about acute shortages of scientists, technicians or engineers arise on a near-monthly basis, the finger of blame for the so-called STEM skills gap is often pointed at universities—which, in some eyes, are too keen to churn out unworldly arts graduates lacking technological proficiency. In turn, government support for humanities is wound down; generous subsidies are plowed into science, technology, engineering and mathematics education; and students are urged to earn a scientific degree offering a well-paid and secure career."
Trenton, NJ - The U.S. Department of Labor is making available nearly $200 million in grants to continue to support public-private partnerships that expand, diversify and strengthen registered apprenticeships. The funding opportunity announced Wednesday includes $95 million of competitive grants through the second round of the Apprenticeship Building America Grant Program and $100 million in the second round of State Apprenticeship Expansion Formula Grants.
Wayne, NJ - William Paterson University and Atlantic Health System have signed an agreement to establish a framework for collaboration to improve access to high-quality health profession education and health services in the region. Through the agreement, the two organizations will identify and implement joint projects and initiatives geared toward enhancing the nursing and healthcare workforce.
Westerville, OH - According to Jerry Coughter, "Federally funded basic research conducted at American universities grew steadily from about $10 billion in 1991 to just under $50 billion in 2020 (in constant 2022 dollars). And since the passage of the Bayh-Dole Act in 1980, universities have played an increasing role in the patenting and commercialization of their discoveries. Patents to US universities increased from 440 in 1981 to 8706 in 2020. U.S. universities licensed or optioned more than 10,000 patented inventions to the private sector in 2020. How does this large taxpayer investment in public science and the inventions that result from it affect corporate research and development?"
New Brunswick, NJ - As the wireless revolution continues to deliver higher networking speeds, more consistent connections, and increased capacity, the need for seamless integration of wireless technologies couldn’t be greater. As part of the Department of Commerce’s $1.5 billion Wireless Innovation Fund, the National Telecommunications and Information Administration (NTIA) recently announced $42 million in a new round of grants to support the development of open and interoperable wireless networks. The NTIA anticipates this investment will yield a stronger, more secure and more resilient telecommunications supply chain, enabling the U.S. and its global partners to lead the next generation of wireless innovation.
Westville, OH - According to Jerry Coughter, "Why do some universities excel at translating their research into economic impact while others lag? A recent NBER working paper explores the factors influencing the variation in universities' commercialization activities. The authors follow the career movements of 31,000 academic researchers across 1,100 U.S. universities and analyze how the situations at the different host universities may have influenced an increase or decrease in these researchers’ subsequent patent filings and company formations."
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