|Program||# of Grants||EDA Funds|
|Economic Adjustment Assistance||1||$177,762|
During Fiscal Year 2013, EDA invested $2,227,762 in seven projectsin the State of New Jersey. These projects are expected to create or retain 30,332 jobs, according to grantee estimates. EDA’s investments help New Jersey communities achieve bottom-up, locally-defined economic development goals and strategies.
EDA offers a complementary, balanced portfolio of grant programs designed to help rural and urban communities grow their private sectors and create jobs.
Investment Spotlight: Creating Local Food Systems to Revitalize Urban Community
The Lincoln Park Coast Cultural District is a community undergoing a dramatic revival, transforming a blighted, 11-acre brownfield site into a green arts and cultural district in the heart of Newark. This transformation is more than aesthetic—community leaders are reinventing their economy to create sustainable job growth and opportunity for their residents.
Community leaders saw one of Lincoln Park’s greatest challenges—the absence of local, affordable and healthy food choices–as one of its greatest opportunities. In September 2013, EDA awarded $40,000 to assist the Lincoln Park Coast Cultural District in developing job creation and business development strategies for food-related businesses in the region. The project will develop innovative food production and distribution models that will serve as an economic catalyst within the community.
Using the concept of local food systems and community-supported agriculture as economic catalysts within a severely distressed community, this project focuses on capacity building, business and job creation opportunities, and innovative repurposing of vacant property through public-private partnerships. This project partners with academia, local retail establishments such as supermarkets and specialty food stores, and regional farmers with the goal of advancing the accessibility of quality foods and promoting jobs and private investment.