The New Jersey Institute of Technology broke ground on Oct. 1 for a new life sciences and engineering facility that is financed partly by the Garden State's $750 million Building Our Future Bond Act.
The state government covered $13.5 million of the cost to construct the new NJIT building that will house 24,000 square feet of laboratories through the bond act voters approved in 2012. The bond measure was aimed at enhancing infrastructure and instruction at public universities over a period of 20 years.
"The Building Our Future Bond Act kick-started a statewide effort to stimulate economic growth by creating the most powerful, innovative and competitive network of higher education institutions in the nation," said State Sen. Tom Kean, R-Westfield, who sponsored the legislation. "It is essential that we continue to give public universities the tools they need to develop the very best facilities for research and instruction, so that New Jersey students can become the leaders of tomorrow."