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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

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It places extra emphasis on spurring development and private-sector job growth in new Garden State Growth Zones (GSGZ) identified in the legislation as the four lowest median family income cities in the state: Camden, Trenton, Passaic and Paterson. The new law builds on Christie’s commitment to revitalizing New Jersey’s cities.

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Bootstraps for Building

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Founded in 1762 by William Allen, a wealthy shipping merchant and former mayor of Philadelphia, it’s the place where patriots hid the Liberty Bell from the British during the Revolutionary War. NIZ allows developers to use designated tax revenues to pay off bonds and loans issued for capital improvements in the specified zone.

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Pennsylvania Incentives and Workforce Development Guide

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GAP is administered by the Pennsylvania Office of International Business Development (OIBD) and provides up to $3,500 per year to qualifying Pennsylvania companies to reimburse 100% of eligible expenses associated with specific export promotion activities. Guaranteed loans up to $500,000. Loans are from $250,000 to $5 million.

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Cover Story: Global Biotech Report

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The incubator will have the capacity to host 500 to 700 researchers and it will offer around 10,000 square meters of laboratory space and 7,800 square meters of office space. It also offers lab- and office-space to young companies. Approximately 26,000 square meters of sector-specific lab and office space is available to companies.

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