Westerville, Ohio - Accordingto SSTI, throughout the past decade, the Latino entrepreneurial landscape has experienced both a growth in average annual revenue and an increase in the establishment of new employer businesses. However, Latino business owners remain significantly less likely than white business owners to receive loan approvals from major banks, resorting instead to financing options that expose the business owners to more personal financial risk including personal and business lines of credit and personal home equity loans. The strengths and weaknesses of the Latino entrepreneurial environment are explored in the recently released 2020 State of Latino Entrepreneurship Research by the Stanford Latino Entrepreneurship Initiative. The initiative gathered information from over 3,500 surveyed Latino owned employer businesses, alongside 3,500 white owned businesses, to examine the similarities and differences between the white and Latino entrepreneurial experience.
NJEDA Opens Application for 2021 Net Operating Loss Program,Expanded by the New Jersey Economic Recovery Act
Trenton, New Jersey - According to the New Jersey Economic Development Authority (NJEDA), it announced that it is currently accepting applications for its 2021 Net Operating Loss (NOL) Program, which was recently expanded as part of the New Jersey Economic Recovery Act of 2020. The NOL Program enables early-stage technology and life sciences companies in the Garden State to sell their New Jersey net operating losses and unused research and development (R&D) tax credits to unrelated profitable corporations for cash. The NJEDA is accepting applications online through June 30, 2021 at http://www.njeda.com/nol.
Hailed as a lifeline for companies that have not yet reached profitability, the capital raised through this program can be used for costs including, but not limited to, the expenses of fixed assets, such as the construction, acquisition and development of real estate; materials; start-up; tenant fit-out; working capital; salaries; and R&D expenditures. The NJEDA and the New Jersey Department of Treasury’s Division of Taxation jointly administer the program.
Trenton, New Jersey - According to the New Jersey Economic Development Authority, qualified, unprofitable technology or biotechnology companies based in New Jersey can sell a percentage of net operating losses (NOL) and research and development (R&D) tax credits for cash through a program offered by the NJEDA.
Newark, New Jersey - According to NJ TRANSIT, it has kicked off a new public-private partnership to help New Jersey residents get vaccinated, by offering complimentary rides to and from vaccination sites. The “VAXRIDE” program is funded through the generosity of sponsors led by Novartis and provides for approximately eleven thousand NJ residents to receive up to two free round trips to get vaccinated.
NJEDA to Reopen Applications for Residential Projects under Economic Redevelopment and Growth Program on June 1
Trenton, New Jersey - According to the New Jersey Economic Development Authority, the NJEDA announced that it will reopen applications for the residential component of the Economic Redevelopment and Growth (ERG) Program on June 1, 2021.
he Authority first announced the extension of the program, enabled by $50 million in tax credits designated in the Economic Recovery Act of 2020 in March. The ERG program, which was originally created to address project financing gaps in development projects, had previously stopped accepting new applications in June 2019.The Economic Recovery Act was signed by Governor Phil Murphy on January 7, 2021 to address the ongoing economic impacts of the COVID-19 pandemic and build a stronger, fairer New Jersey economy.
Washington D.C. - According to PHRMA, over the last year, the world has witnessed the importance of strong innovation policies as intellectual property protection and market access policies facilitated the research, development and distribution of COVID-19 diagnostics, treatments and vaccines. Innovative medicines are now making their way to patients around the world, demonstrating remarkable progress and collaboration at a scale that was unimaginable at the start of the pandemic, including more than 200 manufacturing and other partnerships to date.
Underscoring the critical need for and value of American innovation, the Office of the United States Trade Representative (USTR) released last week the 2021 Special 301 Report. The report showcases how effective intellectual property protection and enforcement and related market access issues are essential to tackling current and future global health challenges.
Glassboro, NJ - The South Jersey Institute for Population Health (SJIPH) established by the Rowan University/Rutgers-Camden Board of Governors, in collaboration with Rowan University and Rutgers University-Camden, to improve health outcomes in our region, is pleased to announce its inaugural funding initiative for 2021. Beginning today, April 15, SJIPH is accepting proposals for research projects that involve collaborative partnerships between Rowan University and Rutgers University-Camden researchers and community-based organizations in Burlington, Camden, Gloucester, Cumberland, Salem, Atlantic, and Cape May counties. Grants will be made up to $20,000.
Columbus, OH - SSTI is making Addressing Capital Access in 2021, which had previously been available only to SSTI member organizations, publicly available. The paper is focused on helping states and their partners make the most of the opportunity presented by the newly-refunded State Small Business Credit Initiative (SSBCI 2.0), which provides $10 billion to states to support capital access. Topics covered include a review of SSBCI 1.0, the current landscape for debt and investment access, and recommendations for states developing programs in 2021.
Newark, New Jersey - According to Rutgers University, the New Jersey State Cancer Registry (NJSCR), under the direction of the State Department of Health in partnership with Rutgers Cancer Institute of New Jersey, has been awarded a seven-year, $9,085,109 contract (75N91021D00009) from the National Cancer Institute (NCI) to support core infrastructure and research activities as part of the Surveillance, Epidemiology, and End Results (SEER) Program.
Trenton, New Jersey - According to the New Jersey Business & Industry Assocation, join NJBIA, Einstein’s Alley, and the New Jersey Business Immigration Coalition for a virtual event that will present a “big picture” view of the current system of employment-based immigration, along with a variety of industry perspectives on how immigration reform can foster economic recovery and growth. We will also review the state of play on immigration reform in Washington.
Newark, New Jersey - According to Rutgers University, Rutgers has received $1 million from the New Jersey Office of the Secretary of Higher Education to establish a policy lab that will analyze solutions to critical issues facing the Garden State. The State Policy Lab, housed in Rutgers’ Edward J. Bloustein School of Planning and Public Policy and managed in conjunction with the Rutgers-Newark School of Public Affairs and Administration, will include expertise from a network of scholars, community members and external policy experts.
Super-connected Innovation Community Launched in Jersey City Global Hub for Life Science, Tech and Medicine Offers an Unrivaled Ecosystem for Discovery and an Incomparable Urban Lifestyle
Fairfield, New Jersey - According to New Jersey Business Magazine, a joint venture between Argent Ventures and H&R REIT announced the launch of The Cove JC, a global hub for life science, tech and medicine offering an unrivalled ecosystem for discovery that will become the premier flagship destination for academic and commercial life science, tech and medical entities in New Jersey and the Greater New York Metropolitan Area. Connected to NYC and New Jersey and served by three international airports, it is on the Hudson River at the mouth of New York Harbor.
Trenton, New Jersey - According to ROI, the target was obvious. For a state that truly was Silicon Valley before Silicon Valley, reclaiming its spot as a leading innovative economy is not a far-fetched dream, but a return to yesterday.At least, that’s how Gov. Phil Murphy described it when he was candidate Phil Murphy.
Getting there isn’t as simple.
So said Andrew Zwicker, who doubles as both a physicist and a professor at the famed Princeton Plasma Physics Lab and an assemblyman representing the 16th District.
Trenton, NJ - According to Anne Babineau of Wilentz, "Perhaps overlooked in all of the provisions of the Economic Recovery Act of 2020 is the Community Anchor Institution Program. Developers, municipal leaders and institutions such as those in higher education and health care should educate themselves. It’s a big deal."
Eagleton Launches Scientists in Politics Database - Scientists, engineers, and healthcare professionals in U.S. state legislatures
New Brunswick, NJ - Addressing almost any issue – from facial recognition usage and automated vehicles to wildfires, superstorms and the many ramifications of pandemics – requires policymakers at all levels of government to quickly make critical decisions that are informed by increasingly complex scientific data and understanding.
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