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Our collaboration with the NJEDA will help to broaden our educational resource directory into a full Manufacturing Resource Guide and make it easier to access and search so that companies, parents, and students can take advantage of the full range of resources available in New Jersey to help them grow."
The NJEDA has structured a declining debt service profile to maintain solid coverage even with the expected deterioration in the pledged revenue source.
The NJEDA determines eligibility for the program, the New Jersey Division of Taxation determines the value of the available tax benefits (NOLs and R and D Tax Credits), and the New Jersey Commission on Science and Technology evaluates the technology and its viability.
According to the company, the NJEDA determines eligibility for the Programme, the New Jersey Division of Taxation determines the value of the available tax benefits (NOLs and R&D Tax Credits).
"We are pleased that the IFA has shown a strong interest in pursuing business opportunities in New Jersey," said NJEDA Executive Director Caren S.
Since its inception, nearly 300 emerging companies have participated in the events, according to the NJEDA, and follow-up responses from attendees indicate the majority of participants have been able to secure follow-up meetings with at least one investor.
The competitive NJEDA program enables companies to sell New Jersey net operating losses (NOLs) and R and D tax credits for at least 80% of the value of the tax benefits, up to a maximum lifetime benefit of USD 15m per business.
Partnering with RBH, Goldman Sachs, Prudential, the City of Newark and NJEDA allows us to bring our global headquarters and the world's largest indoor vertical farm close to where the consumer is, offering a fresher, more nutritious and delicious product while also creating jobs in the community.
According to NJEDA, under the program, tax credits are provided against a project's qualified digital media production expenses.
Celsion announced it has received approval from the New Jersey Economic Development Authority's, or NJEDA, Technology Business Tax Certificate Transfer, or NOL, program to sell the company's unused New Jersey NOLs and R&D tax credits for the tax years 2011 to 2017.
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- Njegoš, Petar Petrovic
- Njegos, Petar Petrovic