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Success Stories


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    Nistica, Inc.

    Bridgewater-based Nistica, Inc. is the second company to have a portion of its Edison Innovation Fund investment converted to preferred stock by the EDA. 

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    McLean Packaging

    McLean Packaging realized doing business in New Jersey was more cost efficient than remaining in Pennsylvania thanks to a BEIP grant incentive and $10 million in long-term, low-cost bond financing from the EDA. 

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    St. Philip’s Academy

    When St. Phili°s Academy was looking for financing to help improve and expand its existing facilities, the nonprofit organization turned to the EDA for assistance.

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    Agilence, Inc.

    EDA provided Agilence, Inc., with a $1 million Edison Innovation loan to help the company’s continued product development and resource expansion, including new offices at the EDA’s Waterfront Technology Center at Camden and the creation of approximately 27 new jobs.

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    Specialty Vehicle Solutions

    Preferred lender TD Bank and EDA worked in partnership to provide this manufacturer of government vehicles with a $810,000 TD Bank loan supported by a $180,000 EDA participation.

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    MamaMia Produce

    EDA provided MamaMia Produce with a $250,000 line of credit guarantee through the Main Street Business Assistance Program.

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    Kontos Foods

    EDA provided this manufacturer of authentic, hand-stretched flatbread with nearly $9 million in tax-exempt bond financing for new and improved facilities to accommodate their impressive growth and to finance equipment and machinery.

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    National Mill Industry

    EDA provided this wholesale distributor of women's apparel with a $966,665 participation in a $3.8 million TD Bank loan through the Main Street Business Assistance Program.

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    Levoy Theatre

    A $1.6 million Sun National Bank loan backed by a 50% EDA guarantee helped to support the renovation of Millville’s historic Levoy Theatre, generating over 200 construction jobs and reviving the City as a vibrant arts community.

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    South Brunswick Family YMCA

    EDA provided $2.25 million in tax exempt bond financing to South Brunswick Family YMCA, Inc., a human services organization runs summer camps, after school programs, and a childcare facility for the greater benefit of its members and for the community at large.

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    Riding High Farm

    Riding High Farm of Allentown, a provider of recreational and therapeutic horseback-riding instruction for people with special needs, received a $290,000 loan through the Small Business Fund.

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    Princeton Power Systems

    Princeton Power represents a notable example of the success businesses can achieve when they take advantage of the resources available to companies looking to grow in New Jersey.

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    Lotito Foods

    This Paterson-based food manufacturer received over $1.5 million in financing to purchase its facility and hire approximately 20 new employees to support the company’s growth.

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    McKella280 Inc.

    With the support of an EDA participation and guarantee, McKella280 received the bank financing it needed to refinance debt, grow its business and hire 10 new employees.

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    The Morris Museum

    This 501(c)(3) not-for-profit organization received $10 million in bond financing to support renovations and an addition at its facility. Approximately 240 construction jobs and 6 new full-time positions were created as a result of the financing.

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    Pro Tapes & Specialties

    Over the last 13 years, this North Brunswick-based manufacturer has benefited from over $500,000 in EDA loan participations, which have supported over $2,000,000 in total bank financing.

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    TTI Environmental Inc.

    TTI Environmental was able to relocate and expand operations with a low- interest rate on its $750,000 PNC Bank loan and a 25% guarantee by the EDA.

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    Roebling Mansion

    The combination of public and private financing allowed the New Jersey State League of Municipalities to purchase and restore an abandoned historic building into an award-winning headquarters in downtown Trenton.

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    Count Basie Theatre

    This not-for-profit organization needed affordable financing to perform renovations on its 80+ year old structure. The EDA issued an $8 million tax-exempt bond to make the project possible.

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    IP System 3

    Waterfront Technology Center at Camden tenant IP System 3 has formed a strategic partnership with the Camden-based Rutgers Institute for Management and Executive Development to deliver a new Project Management Dual Certificate Program. 

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    Byram Laboratories

    With EDA assistance, this electric meter manufacturer and wholesaler purchased hybrid vehicles for its sales force to further its green initiative, and refinanced the mortgage on its facility to improve cash flow.

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