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

American Entrepreneurship

Today, it operates 32 data centers and supports over 250,000 Nvidia GPUs, serving clients like Microsoft, Meta, and OpenAI. CoreWeave, alongside its partners, is contributing to a $72 million investment into the initiative, including a planned NJ AI Venture Fund that will support early-stage innovation and AI commercialization.

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How High Rents Hinder Startup Activity

Revolution

What types of housing can we build to support that world, and can we build enough of it? This multiplier effect is powerful for economic growth, but comes with drawbacks. The costs of construction and land values has increased far more quickly than incomes over the last 20 years, making it hard to build for the mass market.

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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. This early commitment from the NJEDA catalyzes additional financing in these innovative startups.

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The New Business Preservation Act and the Tradition of U.S. Federal Government Support for Entrepreneurship and Venture Capital

Ian Hathaway

The clearest mechanism for this support was wartime expenditures on research and development by the U.S. As venture capitalist and economic historian Bill Janeway remarked : “… the federal government funded construction of a platform on which entrepreneurs and venture capitalists could dance.”

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Decentralizing the Electric Grid

Andreessen Horowitz

It will be these, and other more “local” technologies, that can circumvent costly long-haul wiring and be placed directly on-site that will help support significant load growth over the coming decades. LCOE does, however, underscore the economic challenges of constructing new assets, like nuclear plants.

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Nearly $4M in Grants to Support Offshore Wind Workforce Training Approved by NJEDA Board

American Entrepreneurship

The provision of wraparound services including transportation, career coaching, and other supports is a core component of the awarded programs to expand access and address barriers to entry. 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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Governor Murphy Cuts the Ribbon at HAX Flagship U.S. HQ in Newark

American Entrepreneurship

NJ’s Strategic Innovation Center will support 100 new companies over next five years, generating at least 2,500 new jobs NEWARK, N.J. HAX, a startup development program for pre-seed hard tech companies, with offices across the world, supports startups and entrepreneurs through investment capital, mentorship, and collaboration.