The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Trenton NJ, the New Jersey Economic Development Authority (NJEDA) has received commendation from the state auditor for its effective management of the New Jersey film tax credit program. This initiative, a cornerstone of Governor Phil Murphy’s administration, was revitalized under the Garden State Film and Digital Media Jobs Act in the summer of 2018.
Continue reading New Jersey Film Tax Credit Program Receives High Praise from State Auditor
the staff of the Ridgewood blog
Eatontown NJ, exciting developments are on the horizon for Eatontown, New Jersey, as the state unveiled the comprehensive tax breaks that Netflix will receive upon opening its planned film studio campus in the area. Anticipated to open its doors in 2028, the Netflix production hub at Fort Monmouth is poised to receive substantial incentives from the New Jersey Economic Development Authority (NJEDA), offering a glimpse into the significant economic impact of this venture.
Continue reading New Jersey Reveals Tax Breaks for Netflix’s Film Studio Campus
the staff of the Ridgewood blog
Fort Lee NJ, to great fanfare Cross River Bank (“Cross River”), a technology-focused financial services organization and Banking-as-a-Service (“BaaS”) provider based in Fort Lee, announced the grand opening of its new headquarters at 2115 Linwood Avenue.in April of 2021.
The first version of this device actually resembled his phonograph, with a spiral arrangement of 1/16 inch photographs made on a cylinder.the staff of the Ridgewood blog
Trenton NJ, the New Jersey Economic Development Authority (NJEDA) opened applications today for film production facilities seeking a designation that will facilitate their access to a pool of tax credits designed to encourage the development of large, long-term film production facilities in the state. Under the New Jersey Film and Digital Media Tax Credit Program, which was expanded and enhanced by the Economic Recovery Act of 2020, as a complement to the program for individual film production projects, two additional and separate allocations were established to support projects led by Studio Partners and Film-lease Partners.
the staff of the Ridgewood blog
Ridgewood NJ, The New Jersey Economic Development Authority (NJEDA) today announced plans to award grants totaling $17.5 million to 30 nonprofit organizations including HealthBarn Foundation in Ridgewood through Phase 3 of its successful Sustain & Serve NJ program. Sustain & Serve NJ provides eligible entities with grants to support the purchase of meals from New Jersey restaurants that have been negatively impacted by COVID-19 and the distribution of those meals at no cost to recipients. The additional $17.5 million in awards announced today brings total program funding to $52.5 million.
photo by Rurik Halaby
the staff of the Ridgewood blog
Ridgewood Nj, during the Wednesday nights Village Council meeting a proclamation was read to honor Feeds the Frontlines. Feed the Frontlines – Helping Those In Need Initiative began as a call-to-action to provide ready-to-eat meals prepared by local Ridgewood restaurants to first responders, community groups and people in need during the pandemic. During the height of the pandemic in Spring 2020, it was an organized way for people to help feed local healthcare workers, first responders and people in need while supporting local restaurants who have been hit hard economically. This initiative earned the volunteer leadership team the 2021 NJ Governor’s Jefferson Award for volunteer program in September 2021.
photo : Thomas Edison
the staff of the Ridgewood blog
Trenton NJ, the New Jersey Economic Development Authority (NJEDA) today announced that New Jersey now ranks ninth in the nation based on venture capital (VC) dollars invested per state. According to PitchBook, innovation-focused companies in New Jersey secured $5.5 billion in 219 venture capital deals in 2021, up from $1.7 billion thorough 154 deals in 2020. This represents a significant improvement for New Jersey relative to 2017, when the state saw a total of $818 million in 143 venture capital deals. In this latest ranking, New Jersey jumped three spots from where it stood at #12 in 2020, and seven spots from #16 in 2013. New Jersey’s share of the Northeast market also grew, by 1.4 percentage points in 2021 to 5.5 percent.
Continue reading New Jersey Ranks in Top 10 States for Venture Capital Dollars Invested
the staff of the Ridgewood blog
Atlantic City NJ, Illustrating a strong appetite for the Garden State’s expanding offshore wind industry, the New Jersey Economic Development Authority (NJEDA) today announced that more than 400 businesses have joined the state’s Offshore Wind Supply Chain Registry since it launched less than five months ago.
The NJEDA, through its Office of Economic Transformation (OET), has been working closely with the Board of Public Utilities (NJBPU) and other agencies on the Offshore Wind Task Force to expand New Jersey’s offshore wind industry. A consistent piece of feedback throughout this process has been a desire for a comprehensive list of New Jersey-based companies that established offshore wind companies can partner with or purchase from as they advance projects in the state.
Continue reading Over 400 Businesses Line Up for NJEDA’s Offshore Wind Supply Chain Registry
