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News
December 2, 2011

NOTICE OF SPECIAL BOARD MEETING

There will be a Special EDA Board Meeting on Thursday, December 5, 2011 at 9 am at EDA Offices, 36 West State Street, Trenton, NJ….

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Press Release
December 1, 2011

STATE ECONOMIC DEVELOPMENT OFFICIAL ASKS LOCAL BUSINESSES TO ROOT FOR NJ

By Sergio Bichao/Home News Tribune December 1, 2011 The head of the state’s so-called “bank for business” called on Somerset County business leaders to become cheerleaders for New Jersey in an effort…

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Press Release
November 29, 2011

SMALL BUSINESS DEVELOPMENT CENTERS WILL TEAM WITH BUSINESS ACTION CENTER

By Melinda Caliendo/NJBIZ November 29, 2011 The New Jersey Small Business Development Centers announced Tuesday a collaboration with the state’s Business Action Center, in which the NJSBDC will be ab…

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Press Release
November 29, 2011

THREE N.J. NONPROFITS AMONG RECIPIENTS AS TD BANK FOUNDATION AWARDS $2.5M IN GRANTS

By Mary Ann Bourbeau/NJBIZ November 29, 2011 Three New Jersey charitable organizations were among 25 chosen by the TD Charitable Foundation in its sixth annual Housing for Everyone grant competition….

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Press Release
November 28, 2011

REALOGY ANNOUNCES FUTURE HEADQUARTERS LOCATION

Residential Real Estate Leader to Relocate to an Environmentally Efficient Facility in Madison, New Jersey, by Early 2013 MADISON, NJ–(Marketwire – Nov 28, 2011) – Realogy Corporation, a leading prov…

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Press Release
November 28, 2011

MORE NEW JERSEY COMPANIES SAY STATE IS A GOOD PLACE TO DO BUSINESS

By Kevin Post/Atlantic City Press November 26, 2011 Business owners think New Jersey still has a long way to go before it’s a good state in which to do business, but they were much more positive abou…

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Press Release
November 28, 2011

STRONG BLACK FRIDAY SALES HELPED SMALL JERSEY SHORE BUSINESSES

By David P. Willis/Asbury Park Press November 28, 2011 While people poured through the automatic doors of big stores like Target and Best Buy on Black Friday, the start of a holiday shopping weekend,…

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Press Release
November 24, 2011

INVESTORS BANCORP SWEETENS DEAL FOR BROOKLYN BANK

By Richard Newman/The Record November 24, 2011 * Short Hills-based Investors says path cleared for takeover. Investors Bancorp Inc., which has been expanding rapidly in North Jersey, has sweetened its…

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Press Release
November 22, 2011

EDA RENEWS PARTNERSHIP WITH UCEDC TO SUPPORT CHRISTIE ADMINISTRATION EFFORTS TO SPUR SMALL BUSINESS GROWTH

TRENTON, N.J. (Nov. 22, 2011) –Enhancing Governor Chris Christie’s commitment to economic growth and entrepreneurial development, the New Jersey Economic Development Authority (EDA) recently entered i…

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News
November 22, 2011

NOTICE OF FORT MONMOUTH ECONOMIC REVITALIZATION AUTHORITY SPECIAL MEETING

A special meeting of the FMERA Board has been scheduled for Monday, December 5, 2011 at 7:00 pm at the Tinton Falls Municipal Building, 556 Tinton Avenue, Tinton Falls, NJ.  No formal action will be t…

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Press Release
November 21, 2011

BUSINESS OWNER SPEAKS HIGHLY OF GUADAGNO AS 100-COMPANY TOUR CLOSES

By Mary Ann Bourbeau/NJBIZ November 21, 2011 A visit to Switlik Parachute, in Trenton, last week was the final stop for Kim Guadagno’s 100 Business Initiative, which has given the lieutenant governor…

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Press Release
November 21, 2011

NORTH JERSEY COMMUNITY BANK RIDES TECH INVESTMENT TO STRONG RETURNS

By Melinda Caliendo/NJBIZ November 21, 2011 North Jersey Community Bank has been keeping up with larger institutions in integrating technologically advanced consumer products into the bank’s offering…

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Press Release
November 19, 2011

ECONOMISTS SAY NEW JERSEY, REGION POSITIONED FOR RECOVERY

By Kevin Post/Atlantic City Press November 19, 2011 TRENTON — Prominent economists say New Jersey is a bit better positioned for the slow recovery facing the nation, and two see additional reasons fo…

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Press Release
November 19, 2011

MICROLOANS GIVE OVERLOOKED SMALL BUSINESSES ROOM TO GROW

By Patrick May/San Jose Mercury News November 19, 2011 SAN JOSE, Calif. — When Caitlin McShane looks down San Francisco’s Mission Street, she doesn’t see taco joints and bodegas bulging with ripe fru…

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Press Release
November 17, 2011

NJ UNEMPLOYMENT FALLS AND JOBS INCREASE AS STATE SHARES IN SLOWLY GROWING U.S. ECONOMY

By Eliot Caroom/Star-Ledger November 17, 2011 New Jersey’s unemployment rate dropped to 9.1 percent last month as private businesses added 4,000 jobs, state officials announced today. It was the thir…

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Press Release
November 14, 2011

STATE APPROVES $60 MILLION TO GROW TECH/BIO TECH INDUSTRY IN NEW JERSEY

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Press Release
November 14, 2011

ECONOMIC DEVELOPMENT AUTHORITY CHIEF URGES LOCAL BUSINESSES TO REMAIN POSITIVE

By Bridget Clerkin/Trenton Times November 14, 2011 What’s the best way local business leaders can help New Jersey? By becoming the state’s biggest cheerleaders, according to Caren Franzini, CEO of th…

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Press Release
November 13, 2011

TIM LIZURA, EDA SENIOR VICE PRESIDENT OF FINANCE & DEVELOPMENT, SPEAKS TO ABC-7 ABOUT EDA’S AVAILABLE FINANCING TO SMALL BUSINESSES AND NOT-FOR-PROFITS

Click here to watch EDA Senior Vice President of Finance & Development Tim Lizura’s interview with ABC-7 about EDA’s available financing to small businesses and not-for-profit organizations….

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Press Release
November 4, 2011

SMALL BANKS MAKE HIGH PERCENT OF SMALL BUSINESS LENDING, STUDY FINDS

By Ed Beeson/Star-Ledger November 4, 2011 It may take a small bank to lend to a small business. A study of Federal Deposit Insurance Corp. data finds that many of New Jersey’s smallest banks devote t…

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Press Release
November 1, 2011

SUSTAINABLE JERSEY ANNOUNCES NEW BOARD OF TRUSTEES

Trenton, NJ (November 1, 2011) – Sustainable Jersey announced today its 2011/2012 Board of Trustees led by Chairperson, Pam Mount, who is a Lawrence Township Councilwoman and the former Chair of the N…

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News
November 1, 2011

NOTICE OF FORT MONMOUTH ECONOMIC REVITALIZTION AUTHORITY MEETING

A meeting of the Fort Monmouth Economic Revitalization Authority has been scheduled for Thursday, November 10, 2011 at 7:00 pm at the Eatontown Municipal Building, 47 Broad Street, Eatontown, NJ 07724…

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Press Release
October 30, 2011

MORE WOMEN HOLD TOP BANKING JOBS, BUT NUMBERS ARE STILL LOW

By Richard Newman/The Record October 30, 2011 When Michelle Y. Lee, Wells Fargo’s re­gional president for retail and business banking in New Jersey, New York and Con­necticut, was growing up in Newar…

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Press Release
October 27, 2011

EDA ENHANCES PROGRAM TO EXPAND ACCESS TO CAPITAL FOR NEW JERSEY SMALL BUSINESSES

TRENTON, N.J. (Oct. 27, 2011) – As part of the Christie Administration’s ongoing effort to support small business growth and community investment, the New Jersey Economic Development Authority (EDA) h…

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Press Release
October 27, 2011

N.J. BUSINESS OWNERS ANTICIPATE IMPROVING SALES, MORE HIRES

By Phil Gregory/WHYY Newsworks October 27, 2011 Business owners in New Jersey say they are more optimistic about the future. Seventy percent of the business executives surveyed by the New Jersey Cham…

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News
October 27, 2011

NOTICE OF NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY BOARD MEETING

The New Jersey Economic Development Authority’s next public Board Meeting will take place at 10:00 a.m. on Wednesday, November 9, 2011 at 36 West State St., Trenton, NJ 08625. A copy of the proposed a…

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Press Release
October 25, 2011

AT CHAMBER BREAKFAST, BUSINESS OWNERS TAKE UPBEAT TONE

By Melinda Caliendo/NJBIZ October 25, 2011 The mood was decidedly optimistic at the New Jersey State Chamber of Commerce Economic Outlook Breakfast this morning. “People in the state of New Jersey ar…

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Press Release
October 25, 2011

NEW BRUNSWICK-BASED INTERSECT FUND HELPS LOW-INCOME ENTREPRENEURS

By Bob Makin/myCentralJersey.com October 25, 2011 CENTRAL JERSEY — New Brunswick increasingly is a tale of two cities: development and opportunity for some, employment challenges and other economic h…

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Press Release
October 21, 2011

FREE FINANCIAL SEMINAR FOR BUSINESSES SET

Clifton Journal October 21, 2011 Passaic County Board of Chosen Freeholders announced that Passaic County Department of Economic Development and William Paterson University Small Business Development…

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Press Release
October 20, 2011

ANOTHER NEW JERSEY BANK PAYS OFF TARP

By Richard Newman/The Record October 20, 2011 Pascack Bancorp Inc., the holding company for Pascack Community Bank, said Wednesday that it has repaid the $3.9 million it received in 2009 from the fed…

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Press Release
October 19, 2011

NORTH JERSEY COMMUNITY BANK EXPANDS TO MONMOUTH COUNTY

By Richard Newman/The Record October 19, 2011 Fast-growing North Jersey Community Bank in Englewood Cliffs is expanding its reach beyond North Jersey. CEO Frank Sorrentino hosted a ribbon cutting cer…

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Press Release
October 17, 2011

STATE OFFICIALS CLOSE CRANFORD-BASED FIRST STATE BANK OVER POOR ASSET QUALITY

By Eliot Caroom/Star-Ledger October 17, 2011 State officials yesterday closed Cranford-based First State Bank and the Federal Deposit Insurance Corporation announced Northfield Bank of Staten Island …

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Press Release
October 17, 2011

DESPITE CRANFORD LENDER’S FAILURE, N.J.-BASED BANKS STILL STRONG, OBSERVERS SAY

By Beth Fitzgerald/NJBIZ October 17, 2011 The failure Friday of the two-branch First State Bank, in Cranford, and its takeover by Northfield Bank was the 79th nationwide for the Federal Deposit Insur…

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Press Release
October 14, 2011

BANK OF AMERICA HIRES SMALL-BUSINESS BANKERS AS IT CUTS WALL STREET JOBS

By Kirsten Grind/Portfolio.com October 14, 2011 If you were waiting for a sign that small business—and not Wall Street—is the economic growth engine of the United States, here it is. Bank of America …

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Press Release
October 14, 2011

NJ CREDIT UNIONS CAMPAIGNING TO RAISE BUSINESS LENDING LIMIT

By Richard Newman/The Record October 14, 2011 New Jersey’s credit unions, locked in a perennial turf war with banks, ramped up their marketing efforts this week to present themselves as potential job…

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Press Release
October 14, 2011

NORTH JERSEY NON-PROFITS GET HOMELAND SECURITY GRANTS

By Harvey Lipman/The Record October 14, 2011 Eleven non-profits in Bergen and Passaic counties received federal grants of as much as $75,000 each to be used to improve security at their properties, t…

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Press Release
October 12, 2011

CHRISTIE ADMINISTRATION ANNOUNCES FUNDING TO SPUR SMALL BUSINESS LENDING AND JOB CREATION IN NEW JERSEY

TRENTON, NJ – Governor Chris Christie today announced that the State of New Jersey has been approved by the U.S. Department of Treasury for $33.8 million in funding through the State Small Business Cr…

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Press Release
October 12, 2011

FINANCIAL PLANNING ESSENTIAL FOR SMALL BUSINESS OWNERS

By Dan Serra/McClatchy-Tribune News Service October 12, 2011 Small businesses are the lifeblood of the American economy. And the people who run them are the heart that pumps out successful stories. B…

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Press Release
October 11, 2011

PARTNERSHIP FOR ACTION WORKS TO KEEP GOYA FOODS IN NEW JERSEY

TRENTON, N.J. (Oct. 11, 2011) – The Board of the New Jersey Economic Development Authority (EDA) today approved an award to Goya Foods under the Urban Transit Hub Tax Credit Program to encourage the c…

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Press Release
October 11, 2011

CREDIT UNIONS AIM MARKETING AT DISSATISFIED BANK CUSTOMERS

By Jared Kaltwasser/NJBIZ October 11, 2011 The head of a North Jersey credit union says increasing consumer frustration with banks is helping credit unions gain a greater foothold in the Garden State…

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Press Release
October 6, 2011

HISPANIC OWNER OF PATERSON COMPANY WINS SMALL BUSINESS AWARD

By Richard Newman/The Record October 6, 2011 Paterson small-business owner Odilo Vazquez, 66, emigrated from Galicia, Spain, to Newark more than 40 years ago to pursue the American dream. He earned a…

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