On Friday, March 4, the New Jersey Economic Development Authority (NJEDA) announced that New Jersey ranked ninth in the nation based on venture capital dollars invested per state. According to PitchBook, a data, research, and technology company that specializes in analyzing private capital markets, innovation-focused companies in New Jersey secured $5.5 billion in 219 venture capital deals in 2021. In the latest ranking, New Jersey moved from its #12 ranking in 2020 and significantly grew from its #16 ranking in 2013. PitchBook also reported that New Jersey’s share of the Northeast market grew by 5.5 percent. To learn more about NJEDA programs and initiatives, visit www.njeda.com. To read the original Morris County Economic Development Corporation, visit www.morriscountyedc.org.