New Jersey Economic Development Authority
Encyclopedia
The New Jersey Economic Development Authority (EDA) is an independent, quasi-governmental self-supporting entity in the U.S. state
of New Jersey
dedicated to broadening and expanding the state's economic base.
The EDA creates public-private partnership
s 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 new jobs and business opportunities and enhance community revitalization efforts, are another goal pursued by the EDA.
Projects supported by the EDA range from the Strand Theater
in Lakewood, which received a grant for restoration of its Neo-classical and Art Deco interiors, and the Technology Centre of New Jersey
, in North Brunswick Township
, which was assisted in its efforts to create a science park
and high technology business incubator
.
U.S. state
A U.S. state is any one of the 50 federated states of the United States of America that share sovereignty with the federal government. Because of this shared sovereignty, an American is a citizen both of the federal entity and of his or her state of domicile. Four states use the official title of...
of New Jersey
New Jersey
New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...
dedicated to broadening and expanding the state's economic base.
The EDA creates public-private partnership
Public-private partnership
Public–private partnership describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies...
s 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 new jobs and business opportunities and enhance community revitalization efforts, are another goal pursued by the EDA.
Projects supported by the EDA range from the Strand Theater
Strand Theater, Lakewood
The Strand Theater is a vaudeville theater in Lakewood, New Jersey on the List of Registered Historic Places in New Jersey.The theater was designed by Thomas Lamb, and built for the Ferber Amusement Company in 1922 as a place for pre-broadway runs of shows. The first event at the theater was a...
in Lakewood, which received a grant for restoration of its Neo-classical and Art Deco interiors, and the Technology Centre of New Jersey
Technology Centre of New Jersey
The Technology Centre of New Jersey is a science park in North Brunswick Township, New Jersey, United States, established by the New Jersey Economic Development Authority as a high technology business incubator. It can accommodate individual research and laboratory facilities up to , complete with...
, in North Brunswick Township
North Brunswick Township, New Jersey
-Demographics:At the 2010 census, there were 40,742 people, 13,635 households and 9,367 families residing in the township. The population density was 3,018.3 per square mile . There were 13,932 housing units at an average density of 1,158.8 per square mile...
, which was assisted in its efforts to create a science park
Science park
A research park, science park, or science and technology park is an area with a collection of buildings dedicated to scientific research on a business footing. There are many approximate synonyms for "science park", including research park, technology park, technopolis and biomedical park...
and high technology business incubator
Business incubator
Business incubators are programs designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts...
.