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CoreWeave’s IPO Marks a Milestone for New Jersey’s AI Ecosystem

American Entrepreneurship

The companys collaboration with the New Jersey Economic Development Agency is a boost to the states program to attract AI companies for its innovation economy. Despite the IPOs scale, investor enthusiasm was tempered by concerns over CoreWeaves financial sustainability. The company reported $1.92

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Five PA Companies To Receive Funding from Ben Franklin Technology Partners!

Ben Franklin Technology Partners

Below are brief descriptions of the innovations developed by the companies most recently funded: Elements Aligned, located in Erie County , provides the commercial architectural and construction industry with a system for securely fastening easy-to adjust, modular wall panels directly to conventional steel stud framing.

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NJEDA Awards First $2M under Angel Match Program to Support Early-Stage Technology Companies

American Entrepreneurship

April 24, 2024) – The New Jersey Economic Development Authority (NJEDA) has closed its first four approvals under the Angel Match Program , awarding a total of $2 million to support early-stage technology companies. $20M program matches investors’ direct investment in product-based companies TRENTON, N.J.

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NJEDA Board Approves Creation of the Atlantic City Revitalization Grant Program

American Entrepreneurship

December 14, 2023) – The New Jersey Economic Development Authority (NJEDA) Board today approved the creation of the Atlantic City Revitalization Grant Program. The program will be open to for-profit and non-profit entities responsible for overseeing a real estate development project in Atlantic City.

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Governor Murphy Cuts the Ribbon at HAX Flagship U.S. HQ in Newark

American Entrepreneurship

May 1, 2024) – Yesterday, Governor Phil Murphy, Newark Mayor Ras Baraka, and the New Jersey Economic Development Authority (NJEDA) joined company leaders to cut the ribbon on HAX, LLC’s newly constructed United States flagship headquarters located at 707 Broad Street in Newark. headquarters.

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NJEDA’s $4M Innovative E-Commerce Program has Helped over 150 Small Businesses Expand Online Presence

American Entrepreneurship

Small businesses encouraged to take advantage of the Small Business E-Commerce Support Program to develop website, marketing plan & implement online ordering TRENTON, N.J. About the NJEDA The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth.

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Compact Membrane Systems chooses New Castle, Delaware, for $3.1M expansion to help meet market demands

American Entrepreneurship

The company recently moved much of its operations to a temporary site on Reads Way in New Castle near where construction on its new facility is ongoing. The expansion includes building 10,864 square feet of research and development and manufacturing-focused lab spaces along with more than 4,216 square feet of additional new space.