(TRENTON) – Legislation sponsored by Assembly Democrats Pamela Lampitt, Daniel Benson, Troy Singleton, Angelica Jimenez, Connie Wagner and Ruben Ramos to promote the creation of higher education and business partnerships to spur economic revitalization was approved Monday by the General Assembly.
“Innovation fuels economic growth. Higher education institutions can provide essential research and development that can help our businesses thrive and our economy rebound,” said Lampitt (D-Camden/Burlington). “It makes sense for these two entities to collaborate and exchange information that will not only help them, but help our state as we look to reenergize our economy.”
The bill (A-1177) implements recommendations from the 2010 report, “Building Bridges Between Academic Institutions, Business and Government to Bring Innovation to the Marketplace,” published by the New Jersey Policy Research Organization, an independent affiliate of the New Jersey Business and Industry Association, which are intended to spur economic revitalization by capitalizing on new partnerships among New Jersey businesses, research universities and state government.