On October 25, Governor Phil Murphy announced a landmark Memorandum of Understanding (MOU) between the New Jersey Economic Development Authority (NJEDA) and Ukraine’s Dnipropetrovsk region, marking the first formal economic agreement between the U.S. state and a Ukrainian administrative region. The collaboration is designed to strengthen trade, research and development, and technological innovation, with a focus on fields such as artificial intelligence, life sciences, clean energy, and aerospace. n nThe initiative was unveiled during the Ukraine Action Summit in Washington, D.C., where Murphy emphasized the deep cultural connections between New Jersey and Ukraine, noting that the state hosts the second-largest Ukrainian diaspora in the United States. He highlighted shared democratic values and the mutual commitment to self-determination, framing the MOU as a step toward sustainable economic development and regional resilience. n n“This agreement advances our joint vision for long-term growth and innovation across key industries,” Murphy stated. “We look forward to a productive relationship that benefits both communities.” n nVladyslav Haivanenko, acting head of the Dnipropetrovsk Regional State Administration, welcomed the partnership as a foundation for technological advancement and cross-regional knowledge exchange. He expressed gratitude to Governor Murphy and NJEDA CEO Tim Sullivan for their support, calling the agreement a milestone in transatlantic cooperation. Despite ongoing Russian military attacks on the Dnipro region, Haivanenko described the MOU as a strategic move toward stability and economic recovery. n nSullivan noted that the collaboration aligns with New Jersey’s broader strategy to enhance its innovation ecosystem and attract global investment. The NJEDA will work alongside Dnipropetrovsk’s Foreign Economic Activity Department to identify joint projects that stimulate industrial growth and support reconstruction efforts. n nAmbassador Olga Stefanishyna of Ukraine to the U.S. described the agreement as a pivotal step in expanding bilateral economic opportunities. She underscored Dnipropetrovsk’s role as a major industrial and technological hub in Ukraine, currently operating under difficult wartime conditions. According to her, the partnership offers a pathway to resilience and shared prosperity. n— news from NJBIZn
— News Original —nNew Jersey and Ukraine sign first ever economic MOUnnThe basics: nNJEDA and Dnipropetrovsk sign first economic MOU nPartnership aims to boost trade, innovation and R&D nFocus on sectors including AI, life sciences, clean energy nAgreement supports Ukraine‘s reconstruction amid war nGov. Phil Murphy announced Oct. 25 that the New Jersey Economic Development Authority and the State of Dnipropetrovsk in Ukraine signed a Memorandum of Understanding. nThe MOU aims to enhance economic collaboration and promote innovation. It also will contribute to Ukraine’s rebuilding efforts, as the country remains mired in a brutal war with Russia. nMurphy shared the announcement during the Ukraine Action Summit in Washington, D.C. It marks the first-ever economic agreement between New Jersey and Ukraine. n“We are excited to announce this historic partnership with the State of Dnipropetrovsk,” said Murphy. He emphasized the cultural and economic ties between New Jersey and Ukraine. “As the proud home to the second-largest Ukrainian diaspora in America, New Jersey and Ukraine deeply cherish the principles of democracy and self-determination. n“Today’s MoU will advance our shared goal of sustainable economic growth and encourage innovation across sectors including technology, life sciences, and education. We look forward to a productive and meaningful partnership that strengthens both of our regions.” nGov. Phil Murphy announces MOU with Dnipropetrovsk: nWorking together nThe MOU is designed to connect the academic, research and business ecosystems of both regions. It also aims to open pathways for partnerships in sectors such as clean energy, artificial intelligence, aerospace and life sciences. nThrough this agreement, the NJEDA and Dnipropetrovsk’s Foreign Economic Activity Department will coordinate projects that mutually benefit both economies while also supporting reconstruction in the Ukrainian region. n[The MOU] … lays the foundation for developing economic relations, advancing technology and innovation, and exchanging experience between our regions. n– Vladyslav Haivanenko, acting head, Dnipropetrovsk Regional State Administration nVladyslav Haivanenko is acting head of the Dnipropetrovsk Regional State Administration. He noted how the Dnipro region continues to strengthen its international ties, as well as open a new chapter of transatlantic cooperation. n“The signing of the Memorandum of Understanding between the Dnipropetrovsk Regional Military Administration and the State of New Jersey lays the foundation for developing economic relations, advancing technology and innovation, and exchanging experience between our regions,” said Haivanenko. “I sincerely thank Gov. Philip Murphy and Tim Sullivan … for their support of our country and for this historic step.” nExpanding opportunities nSullivan highlighted how the partnership aligns with New Jersey’s global strategy to strengthen its innovation ecosystem and attract private investment. n“Under Gov. Murphy’s leadership, New Jersey has strengthened its international relationships to bolster the state’s economic competitiveness, create high-quality jobs, and leverage the expertise of entrepreneurs from around the world,” said Sullivan. “The NJEDA will work closely with the State of Dnipropetrovsk to build up critical industries, enhance research and development, and attract private investment to both States.” n“A new chapter in building strong regional economic ties begins with the signing of a partnership Memorandum of Understanding between the Dnipropetrovsk oblast and the State of New Jersey,” said Ambassador of Ukraine to the United States Olga Stefanishyna. “This milestone initiative marks a significant step toward expanding mutual economic opportunities and fostering closer connections between our peoples. The Dnipropetrovsk oblast, one of Ukraine’s key industrial and technological centers, continues to endure daily attacks from Russian forces. n“In this challenging context, the partnership represents an important avenue for resilience and shared prosperity.”