GOVERNOR MURPHY ANNOUNCES LETTER OF INTENT FOR PROPOSED LIFE SCIENCES, HEALTH CARE, AND TECH INNOVATION HUB IN JERSEY CITY
November 16, 2023 | njeda.gov
Photo Credit: Mohamed Hassan from Pixabay
Governor Phil Murphy today (11/16) announced that the New Jersey Economic Development Authority (NJEDA) and SciTech Scity LLC (“STS”), have signed a non-binding letter of intent to form a limited liability company to be called “Edge Works” to develop, construct, and manage an approximately 120,000-square-foot life sciences, health care, and tech innovation hub adjacent to the Liberty Science Center in Jersey City, New Jersey. Pending approval by its Board, the NJEDA intends to invest up to $20 million in Edge Works. Anticipated costs for the Edge Works project totals more than $116 million. Read More: Click Here
NJ SEED: Plans to construct a life sciences, health care, and tech innovation hub in Jersey City is an exciting concept. NJ SEED applauds the Murphy Administration and NJEDA and looks to this project to produce high-quality jobs in both the near term and in the future.