The New Jersey Economic Development Authority (NJEDA) has announced that Cape May County is one of five communities to receive funding from the Innovation Challenge.
On Tuesday, March 12th, NJEDA officials announced that Cape May County, Hoboken, Newark, Paterson, and Plainfield had been each awarded $100,000 for their proposed projects.
Cape May County officials look to create an Entrepreneurial Resource Center to help economic development plans for the county and local municipalities.
County officials believe that the project will expand existing business support systems and increase economic development in the county.
“This is a great partnership among key stakeholders and shows how the County tries to work with local municipalities to spur on economic growth,” said Cape May County Freeholder Director Gerald M. Thornton. “Creating jobs is important and we in County government will always look for ways to promote job growth for our entire County.”
The Innovation Challenge is designed to encourage municipalities and counties to advance plans to strengthen their local innovation ecosystems in collaboration with local higher education institutions and other strategic partners.
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