Issue: 3
Dec 2016

EDA NJ Small Business Support By The Numbers


  *Numbers based on activity 1/1/2016 – 11/30/2016  




Latest News


EDA's financing for small to mid-sized businesses and manufacturers has 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.



On behalf of the New Jersey Economic Development Authority (EDA), we would like to wish you and your family a very happy holiday season.

EDA is proud to work with such an outstanding group of companies and partners.  We thank you for your commitment to growing New Jersey's economy, and we look forward to our continued partnership in 2017.  May your New Year be filled with good health, happiness and prosperity.  

Best wishes,

New Jersey Economic Development Authority Executive Team 




Reaffirming the State's commitment to supporting small businesses and not-for-profits, the New Jersey Economic Development Authority (EDA) announced the approval of financing to encourage the growth of several organizations. From a Morris County agency that trains guide dogs, to a designer and printer of advertising in Camden County, and an installer of hardwood floors in Monmouth County, entities in a variety of sectors are taking advantage of EDA programs.





What started with a vision to bring rice from India to local ethnic markets in New Jersey has grown into family‐owned and operated SLT Foods, Inc., a South Brunswick-based food distribution company that serves the United States and Canada.

To accommodate its remarkable growth, SLT Foods, Inc. bought a 75,600‐square‐foot facility in South Brunswick supported by a Santander Bank loan with EDA participation through the Premier Lender Program.





With a passion for cycling and through a combination of its brick-and-mortar store, its website BikeAhead.com, and online retailers, Bike Ahead has established a reputation for providing quality products and services to bicycling enthusiasts around the world.

Bolstered by the success of its storefront and online shops, Bike Ahead turned to the New Jersey Economic Development Authority's (EDA) Premier Lender Program to support its purchase of a new, 33,000-square-foot warehouse in Totowa .




With the goal of creating new jobs for residents, Jersey City-based Hudson Community Enterprises, Inc. (HCE) offers a range of education, training, and employment opportunities to youths and adults with disabilities and other barriers to employment. The 501(c)(3) not-for-profit corporation has business operations throughout New Jersey, and offers services such as vocational evaluation, work adjustment training, job placement, and individual and group counseling.




UCEDC, a statewide nonprofit economic development corporation, has received a $1.4 million grant from the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund). The award was made in recognition of UCEDC's lending activities in low-income and economically distressed communities across New Jersey.

This is UCEDC's second consecutive award from the CDFI Fund and is one of only two New Jersey organizations to receive a grant this year.



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