NJEDA Board Approves $8.6M to Launch Aerospace Innovation Center in Atlantic County

January 1, 2025 | nj.gov

Last month, the New Jersey Economic Development Authority (NJEDA) Board approved an $8.6 million investment to support the development and construction of the Aerospace Innovation Center (AIC), a Strategic Innovation Center (SIC) located in Atlantic County that will focus on the aerospace industry. The AIC, being developed in partnership with the Atlantic County Improvement Authority(ACIA), will be the fifth SIC in New Jersey and the first with a focus on innovation in aviation.

“This investment from the NJEDA builds upon New Jersey’s reputation as a leader in cultivating an innovation economy by expanding opportunities for aerospace research in our state,” said Governor Phil Murphy. “As our fifth Strategic Innovation Center, it will drive economic growth, create jobs, and continue to attract entrepreneurs to New Jersey."

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