Issue: 5
June 2017

EDA NJ Small Business Support By The Numbers


  *Numbers based on EDA activity from 1/1/2017 - 5/31/2017.  




Latest News


EDA's financing for small to mid-sized businesses and manufacturers have helped businesses across New Jersey overcome challenges, meet financing gaps, and create/retain jobs in New Jersey.

Please visit www.NJEDA.com/EDAWasHere to learn more about how EDA assisted these businesses.



The New Jersey Economic Development Authority is now accepting applications for the Garden State Growth Zone Business Lease & Business Improvement Incentive Programs. Businesses located in Atlantic City, Camden, Passaic, Paterson, or Trenton are encouraged to visit the EDA website to learn more about these programs.

The Business Lease Incentive offers reimbursement of a percentage of annual lease payments to for profit businesses and non-profit organizations. The Business Improvement Incentive offers grants of up to 50% of total project cost to businesses that are planning to make building improvements to the first floor of a facility, with a minimum project cost of $5,000.




Nearly two dozen banks that operate in New Jersey were represented at the Premier Lender Roundtable hosted by the New Jersey Economic Development Authority (EDA). The event brought together leading banks that partner with the EDA through its Premier Lender Program, which was created to help small businesses access capital to support their growth in New Jersey.





The former Veterans of Foreign Wars (VFW) Hall in Garwood is nearly unrecognizable since its transformation into a 3,000-square-foot creative, cooperative community art space. Founded by Sharon Reed, an award-winning oil painter and daughter of an art teacher, South Avenue Arts, which opened in September 2016, includes two semi-private studios and a large shared co-working studio to rent, art classes for all ages - adults and kids, summer camp for kids, and a gallery selling local art, jewelry and gifts.





Through the New Jersey Economic Development Authority's (EDA's) Premier Lender Program, a $600,000 loan from TD Bank, America's Most Convenient Bank, which included a 50 percent EDA participation, is enabling ICF to finally shift its manufacturing operations from a foreign facility to the United States.

As a result of moving its manufacturing into New Jersey, ICF expects to more than double its staff of eight in the coming years.




Put your company front and center at this year's Governor's Conference on Housing and Economic Development. Registration is ongoing for exhibitors who want to be part of this exciting event taking place October 5-6 at Harrah's Waterfront Conference Center in Atlantic City.

You will not want to miss this once-a-year opportunity to make new business contacts, meet with your valued customers and expand your list of potential clients. Suppliers of products and services used in the multifamily housing and property management industries should reserve NOW! The deadline to reserve space is August 18 but don't wait.




Upcoming Events


Event: UCEDC: Entrepreneurship 101 - Atlantic City
Location: 35 South Dr. MLK, Jr Blvd., Atlantic City, NJ 08401
Time: 3:00 p.m.

Event: UCEDC: Marketing Made Real: The Essential Steps for Small Business Success - Willingboro
Location: 220 Willingboro Parkway, Willingboro, NJ 08046
Time: 6:00 p.m.

Event: UCEDC: QuickBooks 101 - Cranford
Location: 75 Chestnut Street, Cranford, NJ 07016
Time: 6:00 p.m.

Event Calendar