EDA awards over $4 million in grants for economic development projects in New Jersey in 2023

EDA awards over $4 million in grants for economic development projects in New Jersey in 2023

Economics
Webp maryam janani floresll fotor 20241017183854eeeee

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

Maryam Janani-Flores Chief of Staff at U.S. Economic Development Administration at EDA | Official Website

In 2023, the Economic Development Administration (EDA) issued five grants totaling $4,857,441 to fund economic development projects in New Jersey.

This represents an 87% decrease from 2022, when the state received $37,261,531 in funding.

New Jersey ranked 32nd across the U.S. in total EDA grant funding for 2023. South Carolina topped the list with $30,038,466 in funding across 14 grants.

City of Vineland received the largest EDA grant for funding an economic development project in the state, totalling $3,000,000.

EDA Grant Recipients in New Jersey in 2023
Grantee NameTotal Funding
City of Vineland$3,000,000
City of North Wildwood$1,149,518
Liberty Science Center, Inc.$500,000
Kean University$137,923
South Jersey Economic Development District, Inc.$70,000

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS