Rutgers’ budget is an important factor in our state’s economy. How the university builds, employs, spends, and operates influences the revenue of local businesses and households. For every $1 received in state funding, Rutgers delivers $7 back to New Jersey.
Researchers from Rutgers School of Environmental and Biological Sciences are partnering with New Jersey oyster farmers to see if surf clams can be grown in the Barnegat Bay. While oysters grow during the warm summer months, surf clams grow during the winter—which would allow farmers to keep employees year-round. Watch the video.
Under the initiative, each of the partner organizations from the public, private, and nonprofit sectors is establishing specific targets for employing more Newarkers and increasing procurement of goods and services from Newark-based businesses.
A recent economic impact report showcases Rutgers University’s contributions to New Jersey as a leading research institution that generates $5.2 billion in economic activity annually. Watch the video.
The Rutgers Food Innovation Center launches the Food Business Innovation Network, or FoodBIN, a global food incubator network at Rutgers University–New Brunswick, to foster collaboration and share resources with similar organizations around the world.