New Jersey Economic Development Authority

Government agency in New Jersey, United States

New Jersey Commerce Commission

JurisdictionNew JerseyHeadquarters36 West State Street, Trenton, NJ 08625Agency executives

Tim Sullivan, Chief Executive Officer
Emma Corrado, Chief of Staff

Websitehttp://www.njeda.com/

The New Jersey Economic Development Authority (EDA) is an independent government entity in the U.S. state of New Jersey dedicated to broadening and expanding the state's economic base.

The EDA creates public-private partnerships 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 business opportunities and enhance community revitalization efforts, are another goal pursued by the EDA.

2019 audit

In January 2019, Governor Phil Murphy signed an executive order to initiate an audit of the tax incentives made to businesses by the New Jersey Economic Development Authority.^[1] It found numerous cases were tax credits given during the governorship of Chris Christie were given under false pretenses.^[2]

References

^ Arco, Matt (January 19, 2018). "Murphy orders audit of Christie administration's corporate tax breaks". nj.com. Retrieved 2019-08-20.
^ Moran, Tom (July 14, 2019). "On rip-off tax credits, can we get a refund?". nj.com. Retrieved 2019-08-20.