Startups developed at New Jersey’s 12 Strategic Innovation Centers are projected to generate over $17 billion in economic output and support 28,000 jobs over the next decade, according to the NJEDA. This represents a significant potential return on the state’s investment in these centers and may further incentivize public-private partnerships.
This projection signals the potential impact of strategic investment in innovation hubs. Such projected economic impacts could lead to increased Tax Increment Financing (TIF) district creation and demand for infrastructure upgrades, including grid modernization to support life sciences and lab space development.
Furthermore, it could spur increased interest from real estate investors seeking Ground Lease and Build-to-Rent opportunities in Opportunity Zones surrounding these innovation centers.
Where else might private credit and mezzanine debt funds look for incentivized opportunities in the life sciences and lab space sectors?
Reference: news.google.com
