NJEDA Defers Pre-Registration for Phase 2 of Small Business Emergency Assistance Loan Program

TRENTON, N.J. (February 5, 2020) – The New Jersey Economic Development Authority (NJEDA) today announced that pre-registration for Phase 2 of the Small Business Emergency Assistance Loan Program will be deferred. Pre-registration was scheduled to open on Wednesday, February 10, 2021. The Authority has not announced a new date for the program.

The Authority deferred the launch of the program to accommodate the rollout of additional federal Paycheck Protection Program (PPP) financing for small businesses, which had not been announced when the NJEDA was preparing to launch the Small Business Emergency Assistance Loan Program. To date, more than $2.1 billion has already been loaned to New Jersey businesses through the PPP. The deferral will allow the NJEDA to tailor the Emergency Assistance Loan Program to address gaps in the availability of federal financing and more effectively meet businesses’ unique needs.

The NJEDA will share additional updates on the Emergency Assistance Loan Program and other COVID-19 relief resources as they become available. Information will also be shared on the COVID-19 Business Hub: https://cv.business.nj.gov.

About the New Jersey Economic Development Authority

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses call NJEDA Customer Care at 609-858-6767 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

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NJEDA Board Approves $8.6M to Launch Aerospace Innovation Center in Atlantic County

TRENTON, N.J. (January 10, 2025) – Last month, the New Jersey Economic Development Authority (NJEDA) Board approved an $8.6 million investment to support the development and construction of the Aerospace Innovation Center (AIC), a Strategic Innovation Center (SIC) located in Atlantic County that will focus on the aerospace industry.

January 9, 2025

NOTICE OF NJ MOTION PICTURE & TELEVISION COMMISSION SPECIAL BOARD MEETING

Please be advised that a Special Board Meeting of the New Jersey Motion Picture and Television Commission will be held via teleconference only on Thursday, January 16, 2025, at 11:00 am.

January 7, 2025

NJEDA’s Latest Aspire Approvals for Residential Developments in Camden and Mercer Counties Bring Total Created Housing Units to 2,078 in 2024

TRENTON, N.J. (January 7, 2025) – At its December meeting, the New Jersey Economic Development Authority (NJEDA) Board approved Aspire tax credit awards for two residential development projects in Camden and Trenton, marking the culmination of another productive year for the Aspire program.