New Jersey made big news for layoffs and cutbacks in the healthcare and pharmaceutical industries in 2024 due to tech disruption. Nevertheless, the state continues to land new projects in the sectors as companies capitalize on its talent pool. PitchBook also ranked the state third in the country for VC investment in the first half of 2024. The state landed nearly $10 billion in VC investment in the first six months of 2024, slightly behind New York but ahead of Massachusetts. Several factors are fueling the influx of VC money, including a new AI Hub at Princeton University and NJ Fast, a new fintech accelerator at the Stevens Institute for Technology in Hoboken. HAX Accelerator, a startup development program for pre-seed hard tech companies with offices worldwide, also opened its U.S. headquarters in Newark. And in April 2024, BP Pharma, a UK-based global leader in clinical supply, opened its U.S. headquarters in Somerset.
Grow New Jersey Assistance Tax Credit: Available to businesses creating or retaining jobs in New Jersey and making a qualified capital investment at a qualified business facility in a qualified incentive area.
Manufacturing Equipment and Employment Investment Tax Credit: Offers a tax credit of 4 percent of the investment credit basis to a maximum of $1 million
for taxpayers with 50 or fewer employees and a net income of less than $5 million.
Business Retention and Relocation Assistance Act: Offers a tax credit equal to $2,500 for each new full-time position at the businesses location in the first year and $1,250 for year two.
Business Employment Incentive Grant: Offers grant funding for businesses that create at least 25 eligible positions in base years.
New Jersey Economic Development Authority
njeda.com
Trenton Housing and Economic Development Department
trentonnj.org/204/Housing-Economic-Development
Greater Trenton
greatertrenton.org
Newark Alliance
newark-alliance.org
In July 2024, Gov. Phil Murphy signed A4558/S3432 to establish the Next New Jersey Program that will attract new investment into the state’s AI industry. The program will unlock access to capital for the state’s innovators and entrepreneurs and ensure
they have access to the infrastructure to make new, cutting-edge developments and position the state as a national leader in the industry.
Fourteen Fortune 500 companies headquartered in state, including:
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
