NJEDA CEO Tim Sullivan NJEDA CEO Tim Sullivan

TRENTON, NJ— The New Jersey Economic Development Authority announced on Tuesday that it approved 161 applications for investments into 32 emerging technology life sciences companies through the state’s Angel Investor Tax Credit Program in 2019.

The state’s Angel Investor Tax Credit Program spurred the injection of $33.1 million in private capital into the state’s innovation ecosystem. More than 120 of the applications, totaling nearly $22 million in investments, were approved in the fourth quarter of the year alone, the NJEDA states.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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