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NJEDA, Devco in accord on New Brunswick Hub project

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Gov. Phil Murphy announces the creation of “The Hub”, a new innovation and research center in New Brunswick in March.
Gov. Phil Murphy announces the creation of “The Hub”, a new innovation and research center in New Brunswick in March. - ()

The New Jersey Economic Development Authority Board on Friday approved an agreement with the New Brunswick Development Corp. to spur development of The Hub in New Brunswick and a venture fund investment that will support technology companies.

The Hub represents an opportunity for New Jersey to create incubator and research space for next-generation companies and academic research facilities and attract corporate entrepreneurial tenants.

The agreement sets the stage for 4 million square feet of commercial development.

“Today, New Jersey is taking another step forward in recapturing its reputation as a hub of innovation,” said Gov. Phil Murphy in a statement. “The actions taken by the EDA will help grow new innovative companies, advance new ideas and generate new economic opportunities for our state.”

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David Hutter

David Hutter


David Hutter grew up in Darien, Conn., and covers higher education, transportation and manufacturing for NJBIZ. He can be reached at dhutter@njbiz.com.

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