Governor Phil Murphy has announced a new Memorandum of Understanding (MoU) between the New Jersey Economic Development Authority (NJEDA) and the State of Dnipropetrovsk in Ukraine. The agreement aims to enhance economic collaboration, promote innovation, and assist in rebuilding efforts in the Dnipropetrovsk region. This is the first economic agreement between New Jersey and Ukraine.
The announcement was made via video during the Ukraine Action Summit in Washington, D.C. The MoU is intended to create opportunities for private sector partnerships by connecting academic and business communities from both regions.
“We are excited to announce this historic partnership with the State of Dnipropetrovsk,” said Governor Murphy. “As the proud home to the second-largest Ukrainian diaspora in America, New Jersey and Ukraine deeply cherish the principles of democracy and self-determination. Today’s MoU will advance our shared goal of sustainable economic growth and encourage innovation across sectors including technology, life sciences, and education. We look forward to a productive and meaningful partnership that strengthens both of our regions.”
Vladyslav Haivanenko, Acting Head of the Dnipropetrovsk Regional State Administration, stated: “The Dnipro region continues to strengthen its international ties and opens a new chapter of transatlantic cooperation. The signing of the Memorandum of Understanding between the Dnipropetrovsk Regional Military Administration and the State of New Jersey lays the foundation for developing economic relations, advancing technology and innovation, and exchanging experience between our regions. I sincerely thank Governor Philip Murphy and Tim Sullivan, Chief Executive Officer of the New Jersey Economic Development Authority, for their support of our country and for this historic step. My special gratitude goes to the Embassy of Ukraine in the United States for its comprehensive assistance and facilitation in establishing contacts and fostering the development of this important partnership. I am confident that through our joint efforts we will create new opportunities for growth and mutual trust.”
Under this agreement, NJEDA will work with Dnipropetrovsk’s Foreign Economic Activity Department on projects that benefit both states while supporting reconstruction efforts in Ukraine. Focus areas include clean energy, artificial intelligence (AI), aerospace, and life sciences. Both parties plan to share regulatory information, facilitate connections among public- and private-sector stakeholders, as well as promote networking among companies and research organizations.
“Under Governor Murphy’s leadership, New Jersey has strengthened its international relationships to bolster the state’s economic competitiveness, create high-quality jobs, and leverage the expertise of entrepreneurs from around the world,” said NJEDA Chief Executive Officer Tim Sullivan. “The NJEDA will work closely with the State of Dnipropetrovsk to build up critical industries, enhance research and development, and attract private investment to both States.”
Olga Stefanishyna, Ambassador of Ukraine to the United States commented: “A new chapter in building strong regional economic ties begins with the signing of a partnership Memorandum between the Dnipropetrovsk oblast and the State of New Jersey. This milestone initiative marks a significant step toward expanding mutual economic opportunities and fostering closer connections between our peoples. The Dnipropetrovsk oblast, one of Ukraine’s key industrial and technological centers, continues to endure daily attacks from Russian forces. In this challenging context, the partnership represents an important avenue for resilience and shared prosperity. Ukraine expresses its deep appreciation to Governor Philip Murphy and NJEDA CEO Tim Sullivan for their leadership and commitment to strengthening regional and international ties. Expanding cooperation in strategic industries, higher education, and applied research will bring tangible benefits to both sides—supporting Ukraine’s recovery, advancing innovation, and creating a foundation for sustainable growth. This partnership reaffirms the enduring friendship between Ukraine and the United States and underscores our shared vision of progress, security, and prosperity.”
New Jersey is home to one of America’s largest Ukrainian communities.
A copy of the Memorandum can be accessed online.
