NJ Development Agency Provided $1.2B Economic Aid In 2013

Law360, New York (January 17, 2014, 5:04 PM EST) -- The New Jersey Economic Development Authority said Wednesday that its preliminary totals show that the agency in 2013 provided nearly $1.2 billion in financing for 213 economic growth projects across the state.

The EDA said the funding leveraged over $2.6 billion in public/private investment in New Jersey. According to the EDA, its funding helped New Jersey retain more than 35,000 jobs including 5,200 jobs at risk of leaving the state, as well as create over 5,300 new jobs and 9,400 construction jobs.

The EDA's financing activity...
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