TRENTON – Several pieces of legislation sponsored by Senators Fred Madden (D-Gloucester, Camden) and Paul Sarlo (D-Bergen, Essex, Passaic) were approved today by the full Senate. The bills would help promote higher education and business partnerships, create tax credits for angel investors, and provide financial resources for economic development projects.
The first bill, S-2398, would direct the New Jersey Economic Development Authority and the state Commission on Higher Education to work to bring together business and the state’s colleges and universities for joint research and development ventures. Madden said such ventures would be especially valuable in the research-driven technology and life-sciences industries.