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New Evidence That the R&D Tax Credit Promotes Research, Especially in Small Companies
According to Joe Kennedy, “The American Economic Association just published yet another study showing that research and development tax credits are effective in spurring more research by private companies, especially smaller ones. Although large companies conduct most private research, small companies are often more responsive to tax credits because cash flow is so important to their viability.

New $750 Million Cancer Center Planned for New Brunswick
According to Joseph De Avila, “A New Jersey healthcare system is plowing ahead with plans to build a $750 million cancer treatment and research facility, despite the coronavirus pandemic’s stress on its financial resources. RWJBarnabas Health, which operates 11 acute-care hospitals that have been on the front lines of the state’s coronavirus crisis, and Rutgers Cancer Institute of New Jersey are teaming to build a 12-story, 510,000-square-foot facility in New Brunswick.

BIOCENTRIQ Named First Cell and Gene Therapy Development and Manufacturing Center on US University
According to Joseph D’Allegro, “The Biopharma Division of the New Jersey Innovation Institute (NJII), an NJIT corporation, introduced BioCentriq as the name of its cell and gene therapy production and manufacturing center.

Upcoming Webinar to Offer Advice for Entrepreneurs & Researchers Applying for SBIR/STTR Funding
The Commission on Science, Innovation and Technology (CSIT) and BioNJ today invited researchers and entrepreneurs considering applying for Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) to get insights and advice during an upcoming webinar. The May 20 webinar will focus on tips and tools on National Center for Advancing Translational Sciences (NCATS) funding and how to successfully apply.

Useful Stats: Measuring NIH SBIR/STTR Awards by State, 2019
According to Colin Edwards, “In this week’s edition of Useful Stats, we take a look at NIH’s SBIR/STTR program by state, including the success rate of applications, the share SBIR awards make up of NIH funding to for-profit companies by state, and the total number of awards by state. It should be noted that SSTI was able to prepare this information because of the excellent transparency of information that NIH offers on its website, a model that should be replicated by other federal agencies.”

SEC Relaxes Crowdfunding Rules for 10 Months
According to SSTI, “The U.S. Securities and Exchange Commission is implementing a rule that relaxes restrictions on crowdfunding through next February, according to a Federal Register notice published recently. The net result of the temporary rule is to accelerate the timeline for a company to access capital through crowdfunding, at the expense of some public access and investor information.”

The NJIT Center for Building Knowledge Releases National Energy Efficiency Training Program
The Center for Building Knowledge (CBK) at the New Jersey Institute of Technology has released the third update to the U.S. Department of Energy’s Building Energy Asset Score Training and Certification Program.

Rutgers University Launches the Nation’s Largest Study of Health Care Workers Exposed to COVID-19
Rutgers University has launched the nation’s largest prospective study of healthcare workers exposed to COVID-19. The study includes a series of clinical trials that will explore new drug treatments, antibody testing, and long-term health tracking in the hope of providing insight into how to treat the disease and prevent its spread.