Finally, a great new economic development idea implemented in New Brunswick. Wow, have we been waiting for this.
It’s in New Brunswick.
Recently three “Innovation Zones” have been created in New Jersey — in Greater New Brunswick, Camden, and Newark. They are designed to spur collaborative efforts among public research institutions, medical research facilities, and technology firms as well as to encourage the rapid transfer of discoveries from the laboratory to the marketplace.
Each of the Innovation Zones will be anchored by state-of-the-art, commercialization centers. Equally important, each “technology neighborhood” will help create vibrant, prosperous communities where people can live, work, and play.
The Innovation Zone (IZ) program is a collaborative effort of the New Jersey Economic Development Authority (NJEDA) and other state agencies. Eligible technology and life sciences companies operating inside these areas enjoy not only enhanced financial incentives, but also the ability to access world-class, state-of-the-art commercialization facilities designed for growing technology businesses. In addition, companies can engage in enhanced partnership opportunities coordinated by New Jersey’s government.
For example, the Technology Centre of New Jersey is a world-class facility located on more than 50 acres between Rutgers and Princeton universities. It offers nearly 400,000 square feet of state-of-the-art cleanrooms, wet labs, and office space in its four freestanding buildings. More than $100 million has been invested in facilities and improvements on the property. Key tenants include Cambrex Corp., Merial Ltd., and Novo Nordisk, Inc.
Hey. What are the chances our guys will build a 400,000 square feet state-of-the-art commercialization facility in New Brunswick?
Maybe we should stop complaining. There is a new program to provide $50k for SMEs.