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By Eva Loayza | December 11th, 2012 - 12:51pm
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Assembly Democrats News Release

Lampitt, Benson, Singleton & Jimenez Bill to Promote Partnerships between Businesses & Higher Ed Institutions to Spur Economic Growth Approved by Assembly Panel

Measure, Part of Assembly Democratic Job Creation Initiative, Would Advocate Academic-Industry Collaboration to Help Fuel Innovation

(TRENTON) - Legislation sponsored by Assembly Democrats Pamela Lampitt, Daniel Benson, Troy Singleton and Angelica Jimenez to promote the creation of higher education and business partnerships to spur economic revitalization was approved Tuesday by an Assembly panel.

"Innovation fuels economic growth. Higher education institutions can provide essential research and development that can help our businesses thrive and our economy rebound," said Lampitt (D-Camden/Burlington). "It makes sense for these two entities to collaborate and exchange information that will not only help them, but help our state as we look to reenergize our economy."

The bill (A-1177) implements recommendations from the 2010 report, "Building Bridges Between Academic Institutions, Business and Government to Bring Innovation to the Marketplace," published by the New Jersey Policy Research Organization, an independent affiliate of the New Jersey Business and Industry Association, which are intended to spur economic revitalization by capitalizing on new partnerships among New Jersey businesses, research universities and state government.

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