Economic carrots help N.J. reap green manufacturing jobs by ProQuest

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									                                                                                                                                                                                                  MANUFACTURING



          Made in New Jersey
State tries to stem bleeding as manufacturing jobs continue flight from Garden State
                                                                                                                                                                              Economic carrots
                                                                                                                                                                             help N.J. reap green
                                                                                                                                                                             manufacturing jobs




                                                                                                                                                          Steven J. Dundas
                                                                                                                                                                                               BY BETH FITZGERALD
                                                                                                                                                                             A NEW CROP of green manufacturing plants will be
                                                                                                                                                                             sown across the Garden State this summer, when the
                                                                                                                                                                             state awards the first round of a $60 million, five-year
                                                                                                                                                                             program of grants and loans aimed at building industries
                                                                                                                                                                             around renewable energy and energy efficiency.
                                                                                                                                                                                  Funded by the Board of Public Utilities and admin-
                                                                                                                                                                             istered by the Economic Development Authority, the
                                                                                                                                                                             Edison Innovation Clean Energy Manufacturing Fund
                                                                                                                                                                             will make its initial awards, worth a total of $24 million,
                                                                                                                                                                             in June.
                                                                                                                                                                                  Seven proposals are being reviewed by the EDA,
                                                                                                                                                                             which will announce the winners in June. The EDA has-
                                                                                                                                                                             n’t disclosed the initial list of technologies, but the pro-
                                                                                                                                                                             gram is for “class 1” renewable energy and energy effi-
                                                                                                                                                                             ciency projects, which includes solar panels, windmills,
                                                                                                                                                                             fuel cells and LED lighting.
                                                                                                                                                                                  New Jersey has several renewable energy firms, and
                                                                                                                                                                             the fund’s goal “is to capitalize on what we have, so that
                                                                                                                                                                             we can become one of the leaders in this space for the
                                                                                                                                                                             longer term,” said Tim Lizura, senior vice president of
                                                                                                                                                                             business development for the EDA.
                                                                                                                                                                                  “New Jersey has an opportunity to benefit from an
                                                                                                                                                                             expanding market, and it’s all across the board — man-
                                                                                                                                                                             ufacturing, logistics, shipping solar panels to other coun-
Tris Pharmaceuticals’ Chief Executive Officer Ketan Mehta says the benefits of locating in New Jersey have so far outweighed the negatives — including              
								
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