Innovation Product Analyst

Overview

Job Summary

The Economic Transformation Division’s mission is to accelerate the growth of New Jersey’s economy by implementing initiatives that enhance the State’s long‑term economic competitiveness and establish New Jersey as an innovation leader within high job growth strategic sectors, including life sciences and technology, transportation and logistics, clean energy, film, digital media, offshore wind, financial services, and advanced manufacturing. The Technology Innovation Products department delivers unique programs to create and sustain job growth in businesses within each of these key sectors.

The team that delivers these products are focused on effective execution combined with a positive market impact.

The successful candidate will participate in the design, development, implementation, and administration of Innovation Programs. Additionally, the Analyst will interact directly with stakeholders to gather intelligence and build relationships in support of sustainable economic development policy. The applicant should have a first‑hand insight of program management, business development, relationship management, government operations as well as corporate financial and investment knowledge. This person also maintains a general working knowledge of other NJEDA Programs and Departments in order to support, promote, and manage NJEDA’s offerings effectively to manage external and internal relationships.

This job’s responsibilities include but not limited to, the NJEDA’s Angel Investor Tax Credit, NOL, NJ Ignite, NJ Accelerate and other programs. This would include being responsible for relationship management, business process, application coordination, program development, and data entry. The Analyst will coordinate and collaborate their efforts within the Technology Innovation Products team and larger NJEDA organization.

$71,600 - $80,550

Note:
The NJEDA currently offers a hybrid work schedule for up to 2 days of telecommute work from home. To participate, you will be required to have high speed home internet access and a managers approval. This program does not supersede the "New Jersey First Act", which requires newly hired NJEDA employees to establish and then maintain, principal residence in the State of New Jersey.

Essential Duties and Responsibilities

• Supports Product Officer and other departmental Staff with their efforts to launch and administer department’s suite of Innovation Programs.
• Works with internal and external stakeholders to present the values and requirements of the Angel Investor Tax Credit, NOL, NJ Ignite, NJ Accelerate and other programs.
• Reviews program applications for program adherence and advances various applications through the approval process.
• Participates in the development and modifications of program structures, policies, and procedures based from approved legislation and other sources with an acute attention to detail leading to practical long‑term implementation.
• Develops methods and tools to evaluate program processes, eligibility, execution and compliance monitoring.
• Performs periodical statistical analysis and activity memorandums on the various Innovation Programs. This would include work within various computer systems to perform functions like report generation and data accuracy. Capable of updating and maintaining these systems and/or interact with relevant team members with this access and ability. If these do not currently exist, development of methods and tools to accomplish tasks would be excepted.
• Liaises across departments within EDA and external government stakeholders to maintain forward progress on mechanics associated with accounting, compliance, information technology, legal, marketing, policy, tax
• Promotes teamwork and communication to encourage an interactive, cooperative, collaborative, and customer focused work environment among division, EDA staff, and external customers.
• Coordinates planning, development and pursues outreach to establish and maintain relationships with potential corporate partners, investors and early‑stage businesses.
• Learns and utilizes the EDA’s Customer Relationship Management (CRM) database per…