The New Jersey Economic Development Authority (NJEDA) has announced the release of draft rules for a new initiative designed to attract investment in the state's Artificial Intelligence (AI) sector. The Next New Jersey-AI program aims to provide tax credits to companies willing to invest in AI development within New Jersey and support the state's economic growth.
According to the NJEDA, public feedback is being sought on these draft rules, as part of efforts to bolster New Jersey's standing as a leader in AI innovation. A virtual listening session is scheduled for November 22, 2024, at 11:00 a.m., where stakeholders can learn more about the proposed program and offer their input.
In an official statement, NJEDA emphasized that "the Next New Jersey-AI program will offer tax credits for companies ready to invest in New Jersey’s AI sector and commit to the state’s long-term growth."
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