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Sci/Tech

N.J. approves $60M for 75 emerging technology and biotech businesses

N.J. approves $60M for 75 emerging technology and biotech businesses

Each company getting an everage $800,000

The state Economic Development Authority announced Monday that 75 emerging technology and biotechnology businesses have been approved to share the $60 million allocation available through the state government’s innovative Technology Business Tax Certificate Transfer Program.

The competitive program enables companies to sell New Jersey tax losses or research and development tax credits to raise cash to finance their growth and operations. Since the program was established in 1999, over 1,530 applicants have been approved for $630 million. The 75 applicants approved for this year are estimated to receive, on average, approximately $800,000, more than double last year's average.

"The ability to sell losses has proven to be a critical lifeline for early-stage firms, and companies that have been able to raise capital and build their businesses in New Jersey represent the success and effectiveness of this important program,” EDA Chief Executive Officer Caren S. Franzini said.

 

N.J. weather forecast: Above normal temperatures today

N.J. weather forecast: Above normal temperatures today
BY STEVEN DiMARTINO
NEWJERSEYNEWSROOM.COM

The threat of rainfall will be returning to the Philadelphia and New York City metropolitan areas, but not before the region experiences another day of well abo...

Does your company need a customized app?

Does your company need a customized app?

MIS offers free needs assessment for business

BY TOM PERIĆ
NEWJERSEYNEWSROOM.COM

Medford, N.J. — Micro Integration Services (MIS) is offering businesses a free needs assessment to assess whether a custom...

Wikipedia publishes lies and false information

Wikipedia publishes lies and false information
BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM

Don’t get me wrong. I admire Wikipedia.

I believe it’s possible for “unprofessionals” to provide information just as reliable as professionals can, and at a far lo...

N.J. weather forecast: Cold front with scattered showers

N.J. weather forecast: Cold front with scattered showers
BY STEVEN DiMARTINO
NEWJERSEYNEWSROOM.COM

A cold front will move through the Philadelphia and New York City metropolitan areas today with scattered showers. These showers will be capable of a brief hea...

N.J. weather forecast: Fall returns this weekend

N.J. weather forecast: Fall returns this weekend
BY STEVE DiMARTINO
NEWJERSEYNEWSROOM.COM

Another weekend of excellent weather conditions are on the way for the Philadelphia and New York City metropolitan areas!

High pressure will build into the northe...

NJDEP, researchers launch 10 studies of Barnegat Bay

NJDEP, researchers launch 10 studies of Barnegat Bay

Contracts costing $1.1 million

In an effort to develop what it describes as the most comprehensive scientific analysis of Barnegat Bay, the state Department of Environmental Protection announced Wednes...

Megaquake could destroy the Midwest

Megaquake could destroy the Midwest
BY TERRENCE AYM
Before It's News

Can a megathrust quake destroy most of Midwestern United States killing a million or more people and causing up to a trillion dollars in property damage?

Some geophysicis...

N.J. weather: Beautiful day as cold front approaches

N.J. weather: Beautiful day as cold front approaches
BY STEVEN DiMARTINO
NEWJERSEYNEWSROOM.COM

Another very mild day is expected for the Philadelphia and New York City metropolitan areas as high pressure continues to slowly drift into the Atlantic. A str...

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