New Jersey
Office of the Governor | This Week in NJ
GOVERNOR PHIL MURPHY ANNOUNCES NEW JERSEY’S AGREEMENT WITH ØRSTED TO MARSHAL THE OCEAN WIND PROJECT
New Jersey Governor Phil Murphy introduced that the New Jersey Financial Growth Authority (NJEDA) signed a Letter of Intent (LOI) with Ørsted Offshore North America for New Jersey’s first offshore wind challenge, Ocean Wind 1. Ørsted, the world’s largest developer of offshore wind, is partnering with PSEG on the Ocean Wind 1 challenge. The challenge’s 1,100 megawatts of energy are sufficient to energy 500,000 New Jersey properties.
The announcement, which was made in the course of the Governor’s keynote handle on the Enterprise Community for Offshore Wind’s Worldwide Partnering Discussion board (IPF) in Atlantic Metropolis, delivers on the promise of the NJ Wind Port as a key infrastructure asset that will probably be an financial driver in Salem County and all through the state. When the Ocean Wind 1 challenge was initially authorized by the New Jersey Board of Public Utilities (NJBPU) in June of 2019, this approval was primarily based on the challenge using an current out-of-state port to marshal the challenge. Following the state’s groundbreaking funding in creating the primary purpose-built port for offshore wind in the USA, the challenge seized the chance to make the most of the New Jersey Wind Port, being the primary to formally be a part of the state’s effort to develop the nation-leading wind energy provide chain. This announcement is anticipated to create over 200 pre-assembly, load out, and stevedoring jobs in South Jersey, and tons of of oblique jobs.
“The New Jersey Wind Port is a historic and catalytic funding. As a state, we’ve dedicated greater than $500 million to construct the important infrastructure required to put in offshore wind tasks from our shores. This funding is enabling each clear power tasks and New Jersey’s long run financial progress,” stated New Jersey Governor Phil Murphy. “Immediately’s announcement with Ørsted is proof that our technique to ascertain New Jersey as a nationwide chief in offshore wind is working, and brings us a step nearer to attaining our purpose of one hundred pc clear power by 2050.”
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GOVERNOR MURPHY AND ACTING ATTORNEY GENERAL PLATKIN ANNOUNCE $10 MILLION INVESTMENT IN LICENSE PLATE RECOGNITION TECHNOLOGY TO COMBAT RISE IN AUTO THEFTS FUELING VIOLENT CRIME NEW JERSEY
Governor Phil Murphy and Appearing Lawyer Basic Matthew J. Platkin introduced a $10 million funding in automated license plate recognition (ALPR) know-how to scale back violent crime and motorized vehicle theft in New Jersey by way of the federal American Rescue Plan (ARP) State Fiscal Restoration Fund.
The funds will probably be used to buy and broaden current high-speed, automated digicam methods to seize and retailer computer-readable pictures of license plates in a centralized database accessible to legislation enforcement. The know-how will probably be put in at each mounted areas all through New Jersey and mounted on cellular items. This tools supplies legislation enforcement businesses further instruments to deal with the rise in motorized vehicle thefts and a corresponding rise in violent crime seen in each suburban and concrete areas of New Jersey.
“The alarming uptick we’re seeing in automobile theft is unacceptable, and our administration is making investments to fight these occurrences statewide,” stated Governor Murphy. “To help legislation enforcement on this endeavor, an funding in ALPR know-how will present them with the instruments they should cut back these incidents and make our communities safer.”
“Due to Governor Murphy, we’re investing vital sources to present legislation enforcement officers the instruments they should fight the rise in auto thefts throughout the state,” stated Appearing Lawyer Basic Platkin. “As a result of stolen autos are more and more used within the fee of violent shootings, deploying these automated license plate readers will save lives.”
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MURPHY ADMINISTRATION ANNOUNCES NEARLY $12.8 MILLION IN ADDITIONAL FEDERAL FUNDING FOR HOME ENERGY ASSISTANCE PROGRAM
The Murphy Administration introduced that New Jersey has acquired a further $12.77 million in funding for the Low Earnings House Vitality Help Program (LIHEAP) program, which is run by the New Jersey Division of Group Affairs. That is the second time the non-supplemental LIHEAP program acquired further funding for the Federal Fiscal 12 months 2022.
“The Administration actually appreciates these further funds and can make the most of them to offer ongoing utility help to eligible households throughout the state,” stated Appearing Governor Sheila Oliver, who serves as DCA Commissioner. “We all know that New Jerseyans proceed to wrestle to pay their utilities and this funding will go a good distance in serving to much more folks within the coming months. Since eligibility necessities have been expanded to incorporate greater earnings ranges, we’re urging folks to use for help on our one-stop on-line portal, DCAid.”
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NEW JERSEY’S $95 BILLION PENSION FUND UNVEILS EMERGING MANAGERS PROGRAM TO DIVERSIFY PORTFOLIO, BUILD THE NEXT GENERATION OF INVESTMENT TALENT
The Murphy Administration formally unveiled a brand new Rising Managers initiative being launched by the Division of the Treasury’s Division of Funding to be able to additional diversify the non-public markets portfolio for the State of New Jersey’s roughly $95 billion pension fund, together with the primary proposed funding of as much as $250 million underneath the brand new program.
“I applaud Treasury and the Division of Funding for placing the wheels in movement and casting a wider web to draw a broader vary of numerous funding alternatives, together with funding managers from underserved communities,” stated Governor Phil Murphy. “We’re primarily placing collectively a farm group to construct up the following technology of expertise – rising managers who’ve the abilities, however not essentially the entry, to make it to the main leagues.”
“This platform will improve the pension fund’s publicity to a broader vary of fund managers, together with numerous fund managers,” stated State Treasurer Elizabeth Maher Muoio. “The Division of Funding has a fiduciary obligation to take a position pension fund belongings for the monetary advantage of the fund’s beneficiaries – New Jersey’s hardworking public workers. I applaud the Division of Funding for figuring out this distinctive alternative, exploring it, and performing upon it.”
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BeiGENE BREAKS GROUND ON NEW MANUFACTURING AND CLINICAL R&D CENTER AT THE PRINCETON WEST INNOVATION CAMPUS IN NEW JERSEY
BeiGene, Ltd., a worldwide biotechnology firm targeted on creating modern and inexpensive medicines to enhance remedy outcomes and entry for sufferers worldwide, introduced the groundbreaking of its flagship U.S. manufacturing and medical R&D heart on the Princeton West Innovation Campus in Hopewell, N.J.
“BeiGene’s plans for tons of of recent jobs in New Jersey communicate to our efforts to develop our state’s business-friendly surroundings and to our dedication to fostering innovation,” stated Governor Phil Murphy. “We’re proud to welcome BeiGene to the Princeton space and sit up for the corporate manufacturing modern most cancers medicines in its new state-of-the-art facility.”
“Our deliberate flagship U.S. R&D and manufacturing heart helps our dedication to struggle for all times for folks residing with most cancers all over the world, by way of state-of-the-art commercial-stage biologic pharmaceutical manufacturing, late-stage analysis and medical growth capabilities,” stated John Oyler, Co-Founder, Chairman and CEO of BeiGene. “The Princeton-Hopewell space is a wonderful location for BeiGene and the thriving life science group, with a deep expertise pool as we proceed to advance our pipeline of modern most cancers medicines and work to diversify our world provide chain.”
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