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New Jersey partners with Morgan Stanley to attract diverse entrepreneurs

New Jersey partners with Morgan Stanley to attract diverse entrepreneurs Reuters 12/15/2020 By Imani Moise © Reuters/Lucas Jackson FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York By Imani Moise (Reuters) - The New Jersey Economic Development Authority (NJEDA) on Tuesday said it has tapped Morgan Stanley s Multicultural Innovation Lab as the first participant in its initiative aimed at getting more startups headquartered in the state. NJ Accelerate seeks to double venture capital investment across New Jersey and turn the state into an innovation hub. To attract talent, the initiative will provide entrepreneurs with up to $250,000 in funding and free rent for 6 months.

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