EDA in 2012: $591M in project financing

TRENTON – Preliminary estimates show that in 2012, the Economic Development Authority provided $591 million in financing to 222 projects statewide, CEO Michelle Brown said Tuesday.

The financing helped support some 27,000 existing jobs and helped create 4,600 new ones, she said.

Some $319 million of the financing was done through traditional programs while another $272 million was provided through “incentive programs.”

Between both types of financing, EDA helped leverage some $1.258 billion in public/private investment and created 3,000 construction jobs, according to EDA estimates.