The “new EDA” provides various other enhancements and efficiencies, including a new Business Attraction and Retention Team, with personnel to act as a single point of contact for businesses requiring assistance. Over the next 3-6 months, the team will undertake ambitious outreach efforts to retain and attract businesses within targeted industries. With the integration of the International Trade function within the EDA, the team will work with New Jersey’s global trading partners to increase foreign direct investment, while providing exporting assistance to New Jersey businesses. Under a coordinated, comprehensive marketing effort, the EDA will more aggressively market our financial products to th industry sectors vital to our state’s economy.

A more efficient state marketing effort will involve increased partnerships with the private sector, as well as with county, regional and local chambers of commerce and economic development corporations and improvement authorities. As part of this endeavor, EDA would like to work with your organization to spread our positive message and ensure your membership is aware of how these changes will benefit New Jersey businesses. We are interested in visiting with your membership to discuss this new economic development model and highlighting the new EDA in your organization’s newsletter or through other avenues of communication.

With the Corzine Administration’s realigned model for economic development, the state can more effectively provide businesses with the assistance and financial tools they need to grow and succeed. We look forward to working with you to spread this great news and introduce the new EDA to your membership.

To learn about opportunities for business growth throughout New Jersey, visit the state’s business portal at www.NewJerseyBusiness.gov.
Sincerely,

Caren S. Franzini
Chief Executive Officer