Scroll Top

SMITH-LESNIAK LEGISLATION TO IMPROVE NEW JERSEY’S CYBER INFRASTRUCTURE APPROVED BY SENATE

Senator Bob Smith, D-Middlesex, the Chair of the Senate Environment Committee, speaks to participants at a joint hearing of the Senate Environment Committee and the Assembly Environment and Solid Waste Committee in Toms River on off-shore liquefied natural gas (LNG) terminals off the Jersey coast and public access to New Jersey’s beaches.
Bob Smith News & Releases Raymond J. Lesniak

Legislation sponsored by Senators Bob Smith and Raymond Lesniak that would assist in breakthroughs in finance, mathematics, medicine and other applied science by connecting the state’s data networks was approved today by the full Senate.

“In our current day and age, progress and technological breakthroughs are dependent upon our ability to share information in a timely and reliable manner across cyber networks,” said Senator Smith, D-Middlesex and Somerset. “Having a stable and secure information system – both publically and privately – will allow New Jersey to stay on the cutting-edge of medical, mathematic and science research and to improve the effectiveness of industry, academia and government.”

The bill, S-581, would require coordination between the Rutgers Discovery Informatics Institute, the Office of Information Technology, NJEDge.net and the New Jersey Big Data Alliance to create an advanced cyberinfrastructure strategic plan. Within the plan would be a roadmap for the development of a shared data cloud that integrates data infrastructure, hosted data and data analytics. The Big Data Alliance is a consortium consisting of Rutgers University, Princeton University, New Jersey Institute of Technology, RowanUniversity, the Richard Stockton College of New Jersey, KeanUniversity, MontclairStateUniversity and the Stevens Institute of Technology.

“By using this public and private partnership, we can develop in the state of New Jersey an advanced computer network that connects businesses, researchers and students to more advanced software,” said Senator Lesniak, D-Union. “With these advancements, we can look forward to more breakthroughs by New Jerseyans in the sciences, medical field and mathematics, putting New Jersey at the forefront of technological achievements of the future.”

The bill was approved by the Senate with a vote of 37-0. It now heads to the General Assembly for further consideration.

Related Posts

Madden Bill To Provide Tax Incentives To ‘Angel Investors’ Clears Senate Budget Committee

TRENTON – Legislation sponsored by Senator Fred Madden (D-Gloucester/Camden) that will provide an incentive for investment groups and individuals to invest in the state’s emerging technology businesses was approved today by the Senate Budget and Appropriations Committee.

Also known as the “New Jersey Angel Investor Tax Credit Act”, the bill (S-3055) would create specific gross income and corporate business tax credits for start-up investments of up to $500,000 made in New Jersey-based high-tech and biotechnology companies. So-called “angel investors” are individual entrepreneurs – or groups – who provide the massive capital investments that start-up technology businesses need to get up and running.

“Equity investors are critical to providing the necessary capital that helps spur high tech businesses and create new and innovative technologies,” said Madden. “By offering direct tax credits to angel investors, we will provide an incentive for them to invest in New Jersey’s science and technology sectors, which will help maintain our position as a hub for these businesses and contribute to our state’s overall economic growth.”

22 Sep 2011
Madden/Weinberg/Sarlo Bill To Provide ‘Angel Investor’ Tax Incentives Now Law

TRENTON – Legislation sponsored by Senator Fred Madden, Majority Leader Loretta Weinberg and Senator Paul Sarlo that would provide a tax credit incentive for investment groups and individuals to provide capital to emerging technology businesses has been signed into law.

Also known as the “New Jersey Angel Investor Tax Credit Act,” the law (S-581) creates specific gross income and corporate business tax credits for start-up investments of up to $500,000 made in New Jersey-based high-tech and biotechnology companies. So-called “angel investors” are individual entrepreneurs – or groups – who provide the massive capital investments that start-up technology businesses need to get up and running.

“In order for New Jersey to remain competitive in attracting high-tech and biotechnology companies, we must ensure that our policies remain cutting edge,” said Madden (D-Gloucester/Camden). “Paired with our highly skilled workforce, this program will provide the boost we need to attract investment to the Garden State, which will help to grow our economy and create high-paying jobs for our residents.”

“The capital provided by equity investors can help create the kinds of new and innovative technologies that have made New Jersey a world-wide leader in the past,” said Weinberg (D-Bergen). “The economic climate in New Jersey is still not satisfactory and we need take action now to fix it. These kinds of tax credits are really a matter of common sense. They provide the right kind of incentive to get people to invest in New Jersey’s science and technology driven businesses, in turn creating much needed jobs.”

31 Jan 2013
Madden/Weinberg/Sarlo Bill To Provide ‘Angel Investor’ Tax Incentives Clears Senate

TRENTON – Legislation sponsored by Senator Fred Madden, Majority Leader Loretta Weinberg and Senator Paul Sarlo that would provide a tax credit incentive for investment groups and individuals to provide capital to emerging technology businesses cleared the full Senate today.

Also known as the “New Jersey Angel Investor Tax Credit Act,” the bill (S-581) would create specific gross income and corporate business tax credits for start-up investments of up to $500,000 made in New Jersey-based high-tech and biotechnology companies. So-called “angel investors” are individual entrepreneurs – or groups – who provide the massive capital investments that start-up technology businesses need to get up and running.

20 Aug 2012
Madden Bill To Provide Tax Incentives To ‘Angel Investors’ Approved By Senate

TRENTON – Legislation sponsored by Senator Fred Madden (D-Gloucester/Camden) that will provide an incentive for investment groups and individuals to invest in the state’s emerging technology businesses was approved today by the full Senate.

Also known as the “New Jersey Angel Investor Tax Credit Act”, the bill (S-3055) would create specific gross income and corporate business tax credits for start-up investments of up to $500,000 made in New Jersey-based high-tech and biotechnology companies. So-called “angel investors” are individual entrepreneurs – or groups – who provide the massive capital investments that start-up technology businesses need to get up and running.

“Angel investors provide the capital necessary to spur high-tech businesses and create new technologies,” said Madden. “Offering tax credits to potential investors will serve as an incentive for them to invest in start-up science and technology businesses, which will fuel growth in this sector to create good-paying jobs for our residents and contribute to the overall wellbeing of our state.”

26 Sep 2011
Madden/Weinberg/Sarlo Bill To Provide ‘Angel Investor’ Tax Incentives Clears Senate Committee

TRENTON � Legislation sponsored by Senator Fred Madden, Majority Leader Loretta Weinberg and Senator Paul Sarlo that would provide a tax credit incentive for investment groups and individuals to provide capital to emerging technology businesses has cleared the Senate Budget and Appropriations Committee.

Also known as the �New Jersey Angel Investor Tax Credit Act,� the bill (S-581) would create specific gross income and corporate business tax credits for start-up investments of up to $500,000 made in New Jersey-based high-tech and biotechnology companies. So-called �angel investors� are individual entrepreneurs � or groups � who provide the massive capital investments that start-up technology businesses need to get up and running.

08 Mar 2012