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Five Takeaways from the Trump Administration’s FY 2019 Budget  The White House released a budget that would substantially reduce federal spending for innovation and entrepreneurship. Regional Innovation Strategies and the entire Economic Development Administration, Manufacturing Extension Partnership, Advanced Research Projects Agency – Energy, Innovative Technology and Advanced Vehicles loan programs, Growth Accelerator Program and Regional Innovation Clusters would all be eliminated.

NJII, Dept. of Health Hope to Create Info Exchange The metaphor Tom Gregorio used for the health care information flowing through the state was plumbing. It’s a massive, underground network that’s always being expanded on. And it’s vitally important. It’s just lacking some of the fixtures – the hot-or-cold knobs to twist – that might make it more meaningful for everyday use. But Gregorio, senior executive director of healthcare systems innovation at the New Jersey Innovation Institute, said there’s a project in his organization’s pipeline that may help address that.

Growing the Future: State Efforts to Advance the Life Sciences Life-sciences companies—especially pharmaceutical, biotech, and medical-device companies—have been steadily increasing their U.S. economic output and employment in high-skilled, high-wage jobs. But not all states are equally well positioned to grow and attract these companies. That’s because while life-sciences companies have significant flexibility to conduct their research, clinical trials, and production anywhere in the world, they grow best in locations that can combine qualities like a good business environment, skilled workers, strong research universities, and available capital. Strengthening these and related factors can give states a stronger competitive advantage.

Building a First-Class Innovation Economy in New Jersey  The New Jersey Biotechnology Task Force heard testimony from representatives in both academia and industry to help define the challenges and opportunities in building a first-class innovation economy in New Jersey. The Task Force was established pursuant to P.L. 2016, Joint Resolution No. 5, to develop policy recommendations to retain and attract new biotechnology companies to New Jersey and encourage greater collaboration between industry and academia.

NJMEP Receives Two New Jersey Talent Networks  The New Jersey Manufacturing Extension Program (NJMEP) has received two New Jersey Talent Networks from The New Jersey Department of Labor and Workforce Development (LWD): Advanced Manufacturing Talent Network, and Transportation, Logistics, and Distribution Talent Network. Talent Networks have significantly contributed to New Jersey’s economic growth throughout the years. Working directly with employers to develop partnerships, talent networks leverage opportunities to cultivate a pipeline of talent aligned with the needs of their targeted industries.

Hackensack Meridian-Seton Hall Medical School Gets Accreditation, to Open This Fall  The Hackensack Meridian-Seton Hall University medical school is open for enrollment. The school received its accreditation late Wednesday night from the Liaison Committee on Medical Education, ROI-NJ has learned. It’s the latest step, and one of the most important ones, for the school, which will be the first private medical school in the state. With the accreditation, a source said the school can now accept applications for its first class. And, despite being behind other med schools, the source said the school is planning on enrolling its first class this fall. The source requested anonymity because they are not authorized to comment on the school.

Public, Private Groups Aim to Revitalize STEM Sector  You start with money and leaders. Then you add a willingness for public and private organizations to work together. It’s the solution to a lot of issues. And it could be the cure for reviving and invigorating New Jersey’s STEM and manufacturing economy. Weeks into Gov. Phil Murphy’s administration, moves are being made to help revitalized the science and manufacturing sectors in the state. Let’s start with the $100 million investment Teaneck-based Cognizant announced last week to create a new nonprofit that will support science, technology, engineering and math education and skills initiatives for U.S. students and workers.

South Jersey’s Regional Resurgence Nestled between the busy New York and Philadelphia markets, and astride one of the nation’s most vital transportation corridors, New Jersey’s southernmost counties are taking advantage of regional opportunities and experiencing significant economic development activity, such as revitalized urban centers, an evolving and growing tourism industry, and capital investment in the region’s bustling port facilities. There’s an unmistakable optimism among business leaders representing various sectors that are both contributing to and benefiting from that growth and expansion.

Upcoming Events


NJEN Presents: Starting, Building and Funding an Artificial Intelligence Business

When: Wednesday, Feb. 21, 5pm – 8pm
Where: Princeton University


When: Tuesday, Feb. 27, 4pm – 6pm
Where: Rutgers University Easton Auditorium (Fiber Optics Building, Busch Campus) – 101 Bevier Road – Piscataway


The 81st Annual Walk to Washington & Congressional Dinner
When: March 1 – 2, 2018
Where: Marriott Wardman Park Hotel, Washington, D.C.


2018 Rare Disease Day Event in Trenton
When: Monday, March 5, 8:30am – 3:30pm
Where: The New Jersey State Museum – 205 West State St. – Riverview Ct. 1st Floor – Trenton


Healthcare Key Trends Influencing The Life Sciences Industry
When: Tue, March 6, 7am – 2pm
Where: University of the Sciences in Philadelphia – 600 South 43rd Street – Philadelphia


5th Annual NJBDA Symposium
When: Thu, March 8, 10am – 1pm
Where: The College of New Jersey, 2000 Pennington Rd, Ewing Township


2018 Economic Policy Forum – A Tale of Tech Cities: Innovation & Urban Revitalization
When: Wed, March 14, 8:30am – 1:00pm
Where: New Jersey Performing Arts Center, 1 Center St, Newark