| Agency overview | |
|---|---|
| Preceding agency |
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| Jurisdiction | New Jersey |
| Headquarters | 36 West State Street, Trenton, NJ 08625 |
| Agency executives |
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| Website | http://www.njeda.com/ |
TheNew Jersey Economic Development Authority (EDA) is an independent government entity in theU.S. state ofNew Jersey dedicated to broadening and expanding the state's economic base.
The EDA createspublic-private partnerships to provide access to capital by New Jersey's business community. The EDA's primary emphasis is on providing access to funds for small and mid-size businesses and nonprofit organizations. The EDA also supports entrepreneurial development through training programs.Real estate development projects that will create business opportunities and enhance community revitalization efforts, are another goal pursued by the EDA.
In January 2019, GovernorPhil Murphy signed an executive order to initiate an audit of thetax incentives made to businesses by the New Jersey Economic Development Authority.[1] It found numerous cases were tax credits given during thegovernorship of Chris Christie were given under false pretenses.[2]
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