SSTI Digest

Geography: New Jersey

SSTI Job Corner

Complete descriptions of the position openings described below are available at

The Life Sciences Discovery Fund (LSDF), a Washington State agency that functions like a foundation, is seeking a grants administrator to help shape the organization during its start-up phase. The LSDF supports innovative research in Washington State to promote life sciences competitiveness, enhance economic vitality, and improve health and health care. The grants administrator will manage aspects of a grants portfolio of approximately $35 million per year and will be responsible for information management regarding LSDF’s grant administration processes. He or she also will report to the LSDF Director of Programs. A bachelor’s degree and five years of experience in grant-making or grants administration, or an equivalent combination of education and experience, are required.

The New Jersey Economic Development Authority (EDA), an independent, self-supporting state entity dedicated to broadening New Jersey's economic base, has a position opening entitled Edison Innovation Fund Officer. EDA is seeking someone for this position in two locations. At each location, he or she will be responsible for using EDA’s resources to assist in the revitalization of the specific IZ and greater region through technology-led economic development. A bachelor's degree in business administration, preferably in finance or marketing, and/or equivalent professional experience is required. In addition, candidates should have two years of experience in customer relationship or corporate account management.

New Jersey Plans $450M Stem Cell Referendum

State Also Begins Work on $150M Stem Cell Research Center An agreement between Gov. Jon Corzine and state legislative leaders will result in a $450 million bond referendum being put before New Jersey voters this fall. If approved, the money will be used to augment support for the state’s stem cell research initiative over the next 10 years. New Jersey already has committed to spending $270 million on stem cell research (see the Jan 8, 2007 issue of the Digest)


On the same day the bond issue agreement was announced, the New Jersey Economic Development Authority (NJ EDA) approved $9.2 million in preconstruction costs for the planned Stem Cell Institute facilities in New Brunswick. The New Brunswick Development Corporation will oversee the development of the new research facilities. Major construction is slated to begin next year and is expected to conclude sometime in 2011.


In the meantime, the University of Medicine and Dentistry of New Jersey at the Robert Wood Johnson Medical School and Rutgers, The State University of New Jersey will continue their collaboration through the institute, a portion of which is currently housed at the Stem Cell Research Center on the Rutgers Busch campus.


The new Stem Cell Institute will use $150 million of the initial $270 million state investment and is the centerpiece of the state’s plan to become a national leader in stem cell and biotech research.


The remaining $120 million from the NJ EDA bonds will be used to fund stem cell-related research across the state, including:


Chris Engle, former vice president of Angelou Economics, has joined New Economy Strategies as chief project officer and principal.


Connecticut Innovations appointed Dr. David Reed to the position of executive in residence.

New Jersey Appropriates $270M to Build Biomedical and Stem Cell Research Facilities

Last month, New Jersey Gov. Jon Corzine signed a bill that will contribute $270 million to the construction of five biotechnology research facilities across the state. The funding source will be bonds backed up by cigarette tax revenue, as issued by the New Jersey Economic Development Authority. Gov. Corzine believes the state is at a strategic moment to accumulate "a critical mass of scientists, researchers, doctors and physical facilities" ahead of the next presidential administration, which will dictate future federal spending on stem cell research.

The proposal includes:

Rutgers Asks: Is It Time for the Next New Economy in NJ?

For many areas of the country, the first five years of the 21st century may well be remembered as a period of dramatic economic transformation, or the beginning of one as the rate of change continues at a fast clip. Having statistics for the five-year period of 2000-2005, however, provides the first opportunity for policymakers and academic researchers to look for meaning in the trends. The previous Digest included an article on a Brookings study looking at manufacturing losses in the Great Lakes region (see the July 24 issue of the Digest). This week, our attention is turned to New Jerseys New Economy Growth Challenges, the July 2006 Rutgers Regional Report written by James Hughes and Joseph Seneca at Rutgers School of Planning and Public Policy.

Where the Brookings paper examined the rate of advanced service jobs replacing manufacturing jobs for its selected states, the new Rutgers Regional Report considers the recent loss of New Jersey jobs in manufacturing and high-wage service sectors, such as information, financial activities and professional/business services. In other words, during the opening years of this decade, New Jersey is experiencing significant transformations of its traditional economic base as well as its more diversified, knowledge-based New Economy sectors.

Key parts of the core economy including the states unique concentrations of technology-based economic specializations have not only stopped growing in the 2000s but, in a number of important areas, have started to contract, the authors write.

Hughes and Seneca caution the pattern of New Jerseys loss is shared with its advanced-economy peers of New York, Connecticut and Massachusetts. The Rutgers profs note, however, that the losses of these states were more than made up by gains in states such as Florida, Maryland, North Carolina and Virginia.

That southern migration of employment is a cycle often repeated throughout the nations economic history, beginning perhaps with the shift of textile jobs, which are now moving rapidly from the southern states to other countries. With each past shift, the northern states have adapted through new innovations and new industries.

But with the trends emerging over the past five years, particularly that the jobs of the New Economy such as information technology and biotechnology are already shifting, several policy questions arise: If the New Economy is already acting old, then what is next for the economies of states like New Jersey? How long will the southern states enjoy the recent increases in advanced service sectors before those jobs move to other countries? What policies and investments should all states make now?

Hughes and Seneca point to three challenging trends for New Jersey trends that should resonate in other areas of the country: 1) employment growth has been mostly limited to below-average-pay job sectors; 2) once-unique core science and tech assets have started to erode; and 3) mergers and acquisitions have resulted in headquarter losses and the accompanying civic leadership and responsibility.

Without high priority policy intervention by the state, the authors contend, the relative standard of living enjoyed by New Jersey residents can only decline over time. The authors applaud the positive directions of the New Jersey Commission on Science and Technology and the New Jersey Economic Development Authority while outlining broad, but fundamental, recommendations to advance the state: Develop and implement the necessary policy changes, as led by the governor; centralize the economic development functions of the state government under the governor; dedicate state budget expenditures more consistently to growing income rather than redistributing it; invest in research enhancements to higher education institutions; and evaluate and revise the state's business cost structure.

New Jerseys New Economy Growth Challenges is available at:


Peter Gold was appointed associate provost for economic initiatives at Rutgers-Camden.

New Jersey, Virginia Promote Political Veterans to Governorships

New Jersey and Virginia were the only two states to choose governors in November 2005, with both states having open races. Below is a description of each governor-elect's position on TBED.

Stem Cell Research Initiative Could Result in Substantial Economic Benefits, Rutgers Report Indicates

Examining the components that would most likely be attributed directly to Acting Gov. Richard Codey's proposed $380 million Stem Cell Research Initiative, a Rutgers University study finds that, potentially, the state stands to benefit from an estimated $1.4 billion in new economic activity, approximately 20,000 new jobs, and $71.9 million in new state revenue over the next 20 years.

New Jersey Senate Approves $150M for Stem Cell Facility

Just over two months ago, Acting Gov. Richard Codey announced budget shortfalls were delaying the state's $380 million stem cell research initiative (see the April 25 issue of the Digest). Good news for at least part of the initiative, however, came last month in the form of legislation passed by the Senate, which allocated $150 million for construction of the planned world-class stem cell research facility.


Virginia Bauer, former New Jersey commerce secretary, was sworn in as CEO and secretary of the New Jersey Commerce & Economic Growth Commission.


Reports suggest New Jersey Gov. James McGreevey, resigning his office in mid-November, will be named the first director of the Stem Cell Institute of New Jersey. Securing funding for the center has been a legislative priority for the Governor this year.