In 2023, New Jersey received $4,857,441 in EDA grants for economic development projects, ranking 32nd nationwide, according to the US Economic Development Administration (EDA).
The program that received the largest share of funds was regional innovation strategies, which accounted for $4,149,518 in total grants.
The EDA is a federal government agency focusing exclusively on economic development. The agency solicits applications for funding to support construction, non-construction planning, technical assistance, and revolving loan fund projects under the agency’s Public Works and the Economic Adjustment Assistance (EAA) programs.
Grants made under these programs are designed to advance economic development in distressed communities.
New Jersey Programs Ranked by 2023 Grant Totals
| Rank | Program | Dollar Amount |
|---|---|---|
| 1 | Regional Innovation Strategies | $4,149,518 |
| 2 | Planning | $500,000 |
| 3 | Technical Assistance | $137,923 |
| 4 | Public Works | $70,000 |
States Ranked by 2023 EDA Grant Totals
| Rank | State | Total Amount |
|---|---|---|
| 1 | South Carolina | $30,038,466 |
| 2 | California | $24,019,508 |
| 3 | Alabama | $20,063,445 |
| 4 | Texas | $17,406,812 |
| 5 | New York | $16,600,629 |
| 6 | Kentucky | $16,050,655 |
| 7 | West Virginia | $15,899,471 |
| 8 | Michigan | $14,095,126 |
| 9 | North Carolina | $12,831,748 |
| 10 | Georgia | $11,724,802 |
| 11 | Ohio | $11,601,261 |
| 12 | Missouri | $11,433,177 |
| 13 | Virginia | $11,188,240 |
| 14 | Arkansas | $10,699,036 |
| 15 | Indiana | $10,593,709 |
| 16 | Massachusetts | $10,590,783 |
| 17 | Oregon | $9,358,054 |
| 18 | Tennessee | $9,240,486 |
| 19 | Louisiana | $8,883,604 |
| 20 | Pennsylvania | $8,554,136 |
| 21 | Iowa | $8,283,476 |
| 22 | Wisconsin | $7,704,449 |
| 23 | Washington | $7,196,182 |
| 24 | Oklahoma | $6,838,472 |
| 25 | South Dakota | $6,814,796 |
| 26 | Arizona | $6,307,938 |
| 27 | Illinois | $6,154,997 |
| 28 | Colorado | $5,630,546 |
| 29 | Wyoming | $5,368,500 |
| 30 | Florida | $5,336,908 |
| 31 | Minnesota | $4,865,705 |
| 32 | New Jersey | $4,857,441 |
| 33 | New Mexico | $4,120,000 |
| 34 | Mississippi | $4,029,618 |
| 35 | Maine | $3,379,356 |
| 36 | Nevada | $3,235,517 |
| 37 | Alaska | $3,136,435 |
| 38 | Connecticut | $2,477,338 |
| 39 | Utah | $2,421,500 |
| 40 | Montana | $1,777,800 |
| 41 | Nebraska | $1,616,976 |
| 42 | Maryland | $1,354,146 |
| 43 | Vermont | $1,290,326 |
| 44 | Hawaii | $1,106,000 |
| 45 | Idaho | $975,000 |
| 46 | Delaware | $887,923 |
| 47 | North Dakota | $883,000 |
| 48 | Rhode Island | $737,379 |
| 49 | Kansas | $299,772 |
