The New Jersey Economic Development Authority (NJEDA) serves as the State's principal agency for driving economic growth and expanding opportunity across New Jersey. Established in 1974, NJEDA has grown into a vital organization with 201-500 employees headquartered in Trenton, committed to making New Jersey a national leader in innovation and economic competitiveness. The Authority manages a comprehensive portfolio of economic development tools including tax credits, bond financing, loan guarantees, grant programs, and technical assistance designed to support businesses at every stage of growth.
NJEDA's impact spans multiple strategic sectors including technology, life sciences, clean energy, offshore wind, advanced manufacturing, film and digital media, and financial services. Since the start of Governor Murphy's Administration in 2018, New Jersey has added nearly 75,000 new small businesses - a 29% increase. The Authority oversees billions of dollars in programs, from the $14 billion Economic Recovery Act to specialized initiatives like the NJ Innovation Evergreen Fund, NJ ZIP zero-emission vehicle program, and various small business support programs. NJEDA leverages public-private partnerships to bridge financing gaps and increase access to capital for businesses throughout the Garden State.