Skip to main content
rss feedemail usour twitterour facebook page pintrestlinkdin
Economic Development News
Conference & Expo List
Target Industry Directory
Advertise With Us
About Us

 Economic Development News 
Friday, August 18 2017
MIG Media Neurons Inc. and Add Ready Construction Material Products LLC

Open First US Offices in Hamilton, NJ
Hamilton, NJ — Two companies headquartered in the state of Gujarat, India – MIG Media Neurons Inc. and Add Ready Construction Material Products LLC – celebrated the opening of their first US offices in Hamilton, New Jersey.
MIG Media Neuron, a full-service business promotions company, helps companies promote their brands, products and services worldwide. The company promotes its clients through a variety of platforms including international trade shows, B2B and B2C websites, publications and special events. The company has successfully organized and promoted eleven international trade shows in the last six years, including trade shows in Malaysia, United Arab Emirates, Kenya, Sri Lanka and the US under the Made in Gujarat and India Business Trade Show banners.

Posted by: AT 08:11 am   |  Permalink   |  Email
Friday, July 14 2017

Trenton, NJ —- Following approval of Grow New Jersey (Grow NJ) tax credits by the New Jersey Economic Development Authority (EDA) Board, announced its decision to expand its presence in New Jersey by opening a state-of-the-art corporate office in Jersey City, where it plans to create more than 150 new jobs.

Advanced under the New Jersey Economic Opportunity Act (EOA), Grow NJ is the State’s main job creation and retention incentive program. The approval of Grow NJ tax credits for was based solely on creation of new jobs in New Jersey that would otherwise be created outside of the State. The company will also maintain its primary manufacturing and distribution operations in Cranford, where it employs 158.

Posted by: AT 10:33 am   |  Permalink   |  Email
Tuesday, May 30 2017
Evotec Celebrates Opening of U.S. Headquarters, Facility Expansion in Princeton, New Jersey

Princeton, NJ -- Evotec AG, a global drug discovery alliance and development partnership company headquartered in Hamburg, Germany, celebrated the opening of its U.S. headquarters and expanded facility in Princeton, New Jersey.

Werner Lanthaler, Chief Executive Officer of Evotec AG and Ryan Brady, the company’s Executive Vice President Business Development and Head of U.S. Operations were joined by Michele Brown, President and CEO of Choose New Jersey, Inc. and Debbie Hart, President and CEO of BioNJ to cut the ribbon for the new U.S. headquarters. Invited guests representing the biopharmaceutical and business community also were on hand to celebrate the headquarters opening and Princeton facility expansion.

Posted by: AT 12:49 pm   |  Permalink   |  Email
Monday, February 27 2017
Flatev, Swiss-based Pioneer in Baking Technology, Launches its Global Business in New Jersey

Princeton, NJ — Flatev, a startup company that plans to revolutionize the way consumers prepare a wide variety of flatbreads will be establishing its first worldwide manufacturing operation at the Rutgers Food Innovation Center business incubator facility in Bridgeton, NJ.  The company, headquartered in Zurich, Switzerland, met with officials from Choose New Jersey, Inc., the Rutgers Food Innovation Center, and other business leaders, and demonstrated their Flatev Artisan Baking System. The system gives consumers the ability to produce freshly baked, tasty, and nutritious artisanal flatbreads with the push of a button.  
The Flatev Artisan Baking System is a table-top household appliance that makes fresh tortillas, pita, roti, and other flatbreads, as well as cookies, with a single-serve dough portion, that is as consistent and easy-to-use as a single-serve coffee maker.  The Flatev dough single-serves will be produced at the Rutgers Food Innovation Center during the fall of 2017. The appliance and single-serves will be sold to a limited number of service hotels, offices, and to consumers shortly thereafter. 

Posted by: AT 10:33 am   |  Permalink   |  Email
Monday, August 22 2016

Trenton, NJ -- Founded in a New Jersey basement 17 years ago, family-owned and operated Adagio Teas has continued to expand, increasing its footprint into a 40,000-square-foot commercial facility and growing its workforce from a staff of three to 50. When the company wanted to upgrade its manufacturing capabilities and create operational efficiencies, it turned to the Small Business Fund, a program of the New Jersey Economic Development Authority (EDA) that offers qualified businesses direct loans or participations and guarantees of commercial bank loans.

Elmwood Park-based Adagio Teas, which manufactures and sells gourmet teas and tea-making accessories, began largely as an online tea company in 1999. Today, the company offers a range of products, including the IngenuiTEA, AnTEAdote and realiTEA teabags.

Posted by: AT 11:03 am   |  Permalink   |  Email
Thursday, July 21 2016

225 employees to be located in new corporate headquarters by end of 2016

Trenton, NJ -- World Business Lenders (WBL), a provider of short-term business loans, celebrated the new location of its corporate headquarters in Jersey City with a ribbon cutting ceremony.  The company’s new 35,040-square-foot offices at 101 Hudson Street will be home to 225 employees by the end of the year.

WBL’s decision to locate in New Jersey was supported by a Grow New Jersey (Grow NJ) award approved by the New Jersey Economic Development Authority (EDA) in February. Grow NJ tax credits of up to $16.8 million over ten years encouraged the company to choose to locate in Jersey City rather than a competing location in Queens, New York. The project is expected to have a net benefit to the State of more than $85 million over 20 years.

Posted by: AT 09:20 am   |  Permalink   |  Email
Wednesday, July 20 2016

Trenton, NJ -- Stressing the importance of keeping critical infrastructures operational during natural disasters, the Board of the New Jersey Economic Development Authority (EDA) today awarded preliminary approval for the funding of two projects under the Energy Resilience Bank (ERB). One project is a combined heat and power (CHP) system at Cooper University Hospital (CUH) and the other is a resiliency project at the Bergen County Utilities Authority (BCUA), which provides wastewater treatment and solid waste management for more than 500,000 people.
Created by the Christie Administration in the aftermath of Superstorm Sandy, the ERB is the first public infrastructure bank in the nation to focus on energy resilience. Administered by the EDA, the ERB is utilizing $200 million from New Jersey’s second Community Development Block Grant-Disaster Recovery (CDBG-DR) allocation to support the development of distributed energy resources (DER) at critical facilities throughout the state that will enable them to remain operational during future outages.

Posted by: AT 02:28 pm   |  Permalink   |  Email
Tuesday, June 14 2016
Corning Pharmaceutical Glass Approved for Grow NJ Award

Vineland, NJ -- The New Jersey Economic Development Authority (EDA) recently voted to approve a 10-year, $8.3 million Grow NJ award for Corning Pharmaceutical Glass LLC located in Vineland, New Jersey.  The EDA administers the legislatively-created Grow NJ program, the primary program for job creation under the Economic Opportunity Act (EOA) of 2013.

Corning Pharmaceutical Glass is a world-leading supplier of high-quality glass tubing to the pharmaceutical packaging industry.  The company manufactures a variety of clear and amber borosilicate glass tubing, which is converted by their global customers into vials, cartridges, ampules, and syringes for drug storage and delivery.  The Grow NJ award will encourage Corning to invest in Vineland, where it employs 185 full-time positions, and will yield a net benefit of $20.4 million back to the state over a 20-year period.

Posted by: AT 01:12 pm   |  Permalink   |  Email
Thursday, April 21 2016
Invata Intralogistics Completes Omni-Channel Fulfillment Center For Destination Maternity

Florence, NJ -- Invata Intralogistics, Inc., experts in the design, implementation, and support of advanced automation systems, announces the successful delivery of a new 406,000 square foot, omni-channel fulfillment center for Destination Maternity Corporation in Florence, NJ.

Destination Maternity is the world’s largest designer and retailer of maternity apparel. As of January, 2016, it operates 1,815 retail locations, including 536 retail locations under the trade names: Motherhood Maternity®, A Pea in the Pod®, and Destination Maternity®, and 1,279 apparel departments within retailers such as Macy’s®, Sears®, Buy Buy Baby®, Boscov’s®, and Century 21®. The Company also provides maternity apparel for Kohl’s Department Stores®. Destination Maternity’s inventory is also available for direct to consumer shipments on brand websites and other e-commerce sites.

The Invata designed, built, and controlled warehouse automation system handles all aspects of Destination Maternity’s retail distribution, wholesale distribution, e-commerce fulfillment, and reverse logistics processing (consolidations and returns) for the U.S. market and various international markets. This includes e-commerce business coming through some of its retail partners’ websites as well.

Posted by: AT 04:19 pm   |  Permalink   |  Email
Monday, April 11 2016

Range of State Resources Help Businesses Thrive

Trenton, NJ -- As the New Jersey Economic Development Authority (EDA) continues its efforts to raise awareness of State resources available to small businesses and not-for-profit entities, organizations across New Jersey are realizing the benefits of EDA programs.  Espinosa Beef and Provisions Inc. in Hudson County, C&A Marketing in Middlesex County, and Millville Rescue Squad in Cumberland County are all investing and expanding in New Jersey with support from these programs.

“It’s encouraging to see such a diverse group of businesses recognizing benefits of financing options offered by the State,” said EDA Chief Executive Officer Melissa Orsen. “Small businesses and not-for-profits create jobs and provide valuable resources to our residents and communities.”

Posted by: AT 03:40 pm   |  Permalink   |  Email
Thursday, November 19 2015

Supports State’s Small Business Awareness Initiative
Trenton, NJ -- Continuing the State’s efforts to raise awareness of financing programs available to small businesses, New Jersey Economic Development Authority (EDA) Chief Executive Officer Melissa Orsen visited Tri-Power Consulting Services, LLC (“Tri-Power”) in Denville on Monday. The engineering, design, manufacturing and consulting business recently received a direct loan through EDA’s Small Business Fund, which provides financial assistance to qualified businesses through direct loans, participations or guarantees. 
“Tri-Power and businesses like it are so important to our communities for the skilled jobs they create, and the services they provide to other businesses,” said Orsen.  “We are committed to the success of New Jersey’s small businesses and encourage business owners to explore resources offered by the State.”
Tri-Power received a loan through the Small Business Fund to consolidate leasehold capital improvement costs it made in connection with a full interior renovation prior to the purchase of the building it had been leasing since 2010, establishing a permanent home for the company in Denville.  Tri-Power provides document/contract management services and staffing solutions ( and services, to development services for custom computer applications which model business processes.

Posted by: AT 11:29 am   |  Permalink   |  Email
Wednesday, October 21 2015

Drives New Small Business Awareness Initiative
Trenton, NJ -- As part of the state’s ongoing efforts to raise awareness of financing programs available to small businesses, New Jersey Economic Development Authority (EDA) President and Chief Operating Officer Tim Lizura visited Carton Brewing in Atlantic Highlands on Friday. The business recently received a line of credit through the EDA’s Premier Lender program, which lowers the cost of borrowing for small businesses through the EDA’s alliance with more than 30 banking partners.
“Businesses like Carton Brewing create jobs, invest in our communities, and contribute to the quality of life of local residents and visitors,” said Lizura.  “We want business owners all over the State to know that resources are available to help companies of all sizes grow and prosper in New Jersey.”

Posted by: AT 10:08 am   |  Permalink   |  Email
Friday, October 16 2015

Trenton, NJ -- Continuing its commitment to drive job creation and private investment within New Jersey’s vibrant technology sector, the Board of the New Jersey Economic Development Authority (EDA) approved three technology-related projects under the Grow New Jersey (Grow NJ) Program. In total, the projects are expected to create more than 300 new jobs, retain more than 400 jobs at risk of leaving the State, and are associated with $14.9 million in private investment.  Advanced under the New Jersey Economic Opportunity Act of 2013 (EOA), Grow NJ is the state’s main job creation incentive program.
“The Garden State holds particular appeal for technology and life sciences companies, thanks to its sophisticated talent pool and ideal location for international travel, ” said EDA Chief Executive Officer Melissa Orsen.  “The skilled jobs these companies bring are vital to New Jersey’s economy, and we are happy to support their growth.”  

Posted by: AT 09:12 am   |  Permalink   |  Email
Tuesday, August 11 2015

Trenton, NJ -- Continuing the state’s commitment to supporting the growth of  the technology and life sciences industries, which are targeted for growth under the Economic Opportunity Act (EOA), the Board of the New Jersey Economic Development Authority (EDA) took action to approve Grow New Jersey (Grow NJ) tax credits for two Middlesex County projects.
The Board approved Grow NJ tax credits for up to $3.2 million over 10 years for Israel-based Macrocure, Inc. The award will encourage the company, which is developing a platform to address chronic and hard-to-heal wounds, to establish its North American headquarters at the EDA’s Technology Centre of New Jersey in North Brunswick, rather than Philadelphia.  The project would bring with it 48 new jobs and over $6 million in private investment. 
At last month’s Board meeting, a 10-year, three-month lease for space at the Technology Centre was approved for Macrocure, contingent upon the Board’s approval of the company’s Grow NJ application.

Posted by: AT 03:19 pm   |  Permalink   |  Email
Monday, June 01 2015

Trenton, NJ -- Angel Medical Systems in Shrewsbury realizes that many people do not recognize the symptoms of heart attacks or do not take the warning signs seriously enough.  The growing technology company also knows that every minute counts when dealing with a heart attack.  With these factors in mind, Angel Medical Systems developed an implantable device that monitors an individual’s heart, alerting to changes often seen before, or at the onset of, a heart attack.  The company’s signature product, AngelMed Guardian® System, is designed to identify changes in the heart rhythm, alert patients to seek medical attention and store electrocardiogram (ECG) traces for later analysis.  

“The device monitors your heart's electrical signal 24 hours a day, 7 days a week looking for changes that may indicate that your heart is not getting enough oxygen and that you might soon experience a heart attack,” Angel Medical Systems President and Chief Financial Officer Andrew Taylor explained.  “The system may potentially detect heart attacks in high-risk patients who have no symptoms or have symptoms that are not typical.”

Posted by: AT 11:50 am   |  Permalink   |  Email
Thursday, May 14 2015

Princeton, NJ -- Choose New Jersey’s President & CEO Michele Brown has announced that Margie Piliere will join the organization as Chief Economic Development Officer. Piliere is currently the Director of Business Banking and Community Development at the New Jersey Economic Development Authority (EDA), which along with the Business Action Center and Office of Secretary of Higher Education, makes up the Partnership for Action. Piliere will join Choose New Jersey in early July.
“Having known Margie for nearly three years during my tenure at EDA and with Choose New Jersey, I am more than confident that her ‘can do’ attitude, dynamic professionalism and deal-closing abilities are a perfect fit for Choose New Jersey,” said Brown. “Her long-term working relationships with the members of the PFA will only serve to strengthen the Partnership’s efforts and her experience in urban redevelopment, and relationships with local leaders will be an incredible asset to our team as Choose New Jersey refocuses efforts to grow business in our cities.” 

Posted by: AT 12:09 pm   |  Permalink   |  Email
Thursday, April 30 2015

Goya President Bob Unanue, Goya Executive VP Peter Unanue, New Jersey Governor Chris Christie, & Deputy Mayor Marcos Vigil To Celebrate at Ceremonial Ribbon Cutting

Jersey City, NJ -- Goya Foods, the largest Hispanic-owned food company in the United States, opens new state of the art and sustainable corporate headquarters in New Jersey as part of a $500 million global expansion over the past 10 years.   The official ribbon cutting ceremony will be held on Wednesday, April 29, 2015 at 11:00 a.m. at 350 County Road in Jersey City.  In honor of the opening, Goya will donate 20,000 pounds of food to five local food pantries, funds to The Golden Door Charter School in Jersey City to help construct a playground, and institute an annual $20,000 scholarship to The Hudson County Schools of Technology-County Prep High School Culinary Program.

Posted by: AT 12:15 pm   |  Permalink   |  Email
Monday, February 23 2015

Trenton, NJ -- Tapping into New Jersey’s vast life sciences ecosystem, the New Jersey Economic Development Authority (EDA) unveiled an Executive-in-Residence program that will connect the State’s broad pool of life science talent with promising companies located at the EDA’s Commercialization Center for Innovative Technologies (CCIT) in North Brunswick.  
“The Executive-in-Residence program is a win-win for New Jersey’s technology community: life sciences executives benefit from networking opportunities and meaningful work while in transition, and emerging companies are provided access to advice and mentoring in  areas critical to their success,” EDA President and Chief Operating Officer Tim Lizura said. Read Full Story...

Posted by: AT 11:00 am   |  Permalink   |  Email
Share this story

Click Here!

Click Here! Click Here! Click Here!

Click Here!

Click Here!

Click Here! Click Here! Click Here!

Click Here!

Site Mailing List 

Expansion Solutions is a worldwide service of Cornett Publishing Co., Inc. ©2018, all rights reserved. 
Our content is from many sources and not warranted to be accurate or current. 
For general inquiries, email: