Thursday, May 25, 2006

Jones Lang LaSalle


EDA Financings

In April 2006, the EDA closed 25 financings totaling over $43 million in
assistance. The assistance will benefit businesses, not-for-profits, and
brownfields projects, and will support the creation of an estimated 18
full-time jobs and 277 construction jobs. These financings are expected to
leverage nearly $76 million in public/private investment in New Jersey.
For a complete report of April projects, please visit
www.njeda.com/closedprojects/april06.pdf.


The New Jersey Business Growth Fund is the result of a partnership with the
EDA and PNC Bank to provide below-market interest financing rates to support
the growth of small and mid-size businesses. The program requires that
applicants create jobs in order to be eligible, with the exception of
manufacturers, which must only commit to maintaining existing jobs. For more
information, visit
www.njeda.com/nj_business_growth_fund.asp.