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About New Jersey Economic Development Authority
The New Jersey Economic Development Authority (NJEDA) is an independent government entity dedicated to expanding and strengthening New Jersey's economic base. Here are key aspects of the NJEDA:
## Overview
- Jurisdiction and Headquarters: The NJEDA operates within the state of New Jersey, with its headquarters located at 36 West State Street, Trenton, NJ 08625[1].
- Leadership: The agency is led by Chief Executive Officer Tim Sullivan and Chief of Staff Emma Corrado[1].
## Mission and Vision
- Mission: The NJEDA aims to grow the state's economy by supporting high-quality job creation, catalyzing investment, and fostering inclusive community development. It works with diverse stakeholders to improve quality of life and enhance economic vitality[3][5].
- Vision: To make New Jersey a model for sustainable and equitable economic growth by investing in communities, fostering innovation, and supporting industries with high-quality jobs[3][5].
## Programs and Initiatives
- Public-Private Partnerships: The NJEDA creates partnerships to provide access to capital for New Jersey businesses, focusing on small and mid-size businesses and nonprofit organizations[1].
- NJ Accelerate Program: This program supports start-ups by providing access to approved accelerator programs, offering investment loans and rent support to eligible companies[4].
- Diversity, Equity, and Inclusion: The NJEDA emphasizes diversity and inclusion as key to creating a stronger economy, fostering diverse workforces and communities[3].
## Recent Activities
- Wind Institute Technical Bootcamp: The NJEDA participated in a technical bootcamp at NJIT to support innovation in wind technology[2].
- Building for Growth Program: Launched in partnership with Kean University and ICIC to support business growth in New Jersey[4].
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