Press Release
February 8, 2005
< 1 minute read

EDA Appoints Assistant Director to Serve Needs of Businesses, Communities in Eight-County Region of Northern New Jersey

Trenton, N.J. (December 8, 2005)To further enhance its efforts to serve business needs and encourage investments in New Jersey communities, the New Jersey Economic Development Authority (EDA) has named Loretta Richardson as an assistant director in its Business and Community Development Division.

Richardson will be responsible for working with businesses, community groups and municipalities in the EDA’s northern region, encompassing Bergen, Essex, Hudson, Morris, Passaic, Sussex, Union and Warren counties.

“Loretta has an extensive knowledge of the banking industry and brings a wealth of experience to the EDA,” said Senior Vice President Preston D. Pinkett III. “This background will be especially important as she works to build relationships to foster economic growth and job creation in the state’s eight northernmost counties.”

Richardson has more than 15 years of experience in real estate finance and appraising and relationship/portfolio management. Before joining the EDA, she served as vice president/development advisor in PNC Bank’s Community Development Group. She also has considerable experience in lending and business development activities throughout New Jersey and Philadelphia. She has also assisted consultants with lending and business development activities in Delaware and northeastern Pennsylvania.

She earned a B.A. degree in management and business administration from Pace University’s Lubin School of Business and an M.S. degree from New York University’s Real Estate Institute. A real estate entrepreneur licensed by the State of New Jersey as a certified/general real estate appraiser, Richardson is pursuing certification as a Certified Economic Developer through the International Economic Development Council.

The EDA is an independent, self-sustaining state financing and development agency that works to promote economic growth, job creation and the revitalization of New Jersey’s communities with financing assistance, technical support and entrepreneurial training, and real estate development activities.