Archive for Tag: innovation

DePhillips introduces bill to boost state’s angel investor tax credit program again

TRENTON, N.J. – In 2019, Assemblyman Christopher DePhillips sponsored legislation that successfully doubled the angel investor tax credit. Noting increased competition from neighboring states and a lagging economy, he introduced a bill Tuesday to increase the tax credit again. DePhillips’ bill (A5056) increases the tax credit for investments in...

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VIDEO: Republicans want bureaucrats to butt out of N.J. pharmaceutical industry

TRENTON, N.J. – Creating a government-run board to control prescription drug prices in the medicine chest of the world, aka New Jersey, is bad for business and innovation, say Republicans. WATCH: Can Bureaucrats Really Lower Drug Prices?Reina Smrdelj, a legislative analyst at the Assembly Republican Office, reveals the potential...

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DePhillips moves to make New Jersey America’s innovation leader

TRENTON, N.J. – New Jersey’s corporate business tax has led to an exodus of investment in the state once called the nation’s medicine chest. New Jersey is fifth out of seven states in the region for innovation, according to an NJBIA study, and experienced the largest loss of undergraduate...

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