In 2023, the Economic Development Administration (EDA) issued five grants totaling $4,857,441 to fund economic development projects in New Jersey.
This represents an 87% decrease from 2022, when the state received $37,261,531 in funding.
New Jersey ranked 32nd across the U.S. in total EDA grant funding for 2023. South Carolina topped the list with $30,038,466 in funding across 14 grants.
City of Vineland received the largest EDA grant for funding an economic development project in the state, totalling $3,000,000.
EDA Grant Recipients in New Jersey in 2023
| Grantee Name | Total Funding |
|---|---|
| City of Vineland | $3,000,000 |
| City of North Wildwood | $1,149,518 |
| Liberty Science Center, Inc. | $500,000 |
| Kean University | $137,923 |
| South Jersey Economic Development District, Inc. | $70,000 |
