EDA awards over $37 million in grants for economic development projects in New Jersey in 2022

EDA awards over $37 million in grants for economic development projects in New Jersey in 2022

Economics
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Ben Page, Deputy Assistant Secretary for Economic Development and Chief Operating Officer at EDA | https://www.eda.gov/about/leadership

In 2022, the Economic Development Administration (EDA) issued 12 grants totaling $37,261,531 to fund economic development projects in New Jersey.

This represents a 458.5% increase over 2021, when the state received $6,671,923 in funding.

New Jersey ranked 35th across the U.S. in total EDA grant funding for 2022. California topped the list with $238,656,132 in funding across 57 grants.

New Jersey Department of State received the largest EDA grant for funding an economic development project in the state, totalling $15,307,316.

EDA Grant Recipients in New Jersey in 2022
Grantee NameTotal Funding
New Jersey Department of State$15,307,316
City of Atlantic City$6,000,000
City of South Amboy, Inc.$4,986,492
City of Wildwood$3,250,000
County of Cape May, NJ$2,974,800
The Borough of Paulsboro$2,750,000
Atlantic County Economic Alliance Inc$1,000,000
City of Newark$500,000
Lacey Township$160,000
Kean University$137,923
New Jersey Institute of Technology$125,000
South Jersey Economic Development District, Inc.$70,000

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