Issue: 8
Mar 2018
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EDA NJ Small Business Support By The Numbers


  *Numbers reflect activity 1-1-2017 through 12-31-2017  




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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.

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In March 2017, Soho Studio took advantage of the EDA’s Premier Lender Program to help improve its cash flow. The company closed on a $9 million TD Bank loan that included a 22.2 percent EDA participation. As a direct importer and wholesaler, Soho Studio provides its customers with a diverse collection of over one thousand tiles, which have a wide variety of uses, such as backsplashes or flooring in both commercial and residential settings.




As part of ongoing efforts to support small business growth in the State, the EDA Board approved New Jersey-based ConnectOne Bank as a Premier Lender. The Premier Lender Program is a partnership between the EDA and more than two-dozen banks throughout New Jersey that is designed to help small businesses overcome financial obstacles that can stall growth and expansion.






Business Lease and Business Improvement Incentives Support Businesses in Trenton, Passaic and Atlantic City


EDA recently announced that the New Jersey Utilities Association (NJUA) has become the first entity to be approved for a grant under the recently-launched Garden State Growth Zone (GSGZ) Business Lease Incentive (BLI) program. 

In addition to this approval, businesses in Atlantic City and Passaic were approved for business improvement incentives. These incentive programs are designed to support the growth of retail and services in GSGZs by providing grants to street level, new and expanding businesses.





New Jersey has over 840,000 small businesses - and they continue to create jobs, provide important services and products, and make a big impact on the state's economy daily. Whether a business owner's enterprise is home-based or a high-tech start-up, they can face challenges of all sizes when launching or running a small business.




Upcoming Events


Event: UCEDC: QuickBooks 101
Location: 203 Laurel Road, Voorhees, NJ 08043
Time: 6:30 pm - 8:30 pm

Event Calendar

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