NJ Economic Development Authority Pumps $5.6 Million in Low-cost Loans for Hurricane Sandy-hit Businesses


The New Jersey Economic Development Authority (EDA) has approved $5.6 million in low-cost loans to be granted to small business owners in the area.

Businesses include restaurants, nightclubs and a Seaside Heights boardwalk arcade. The loans are Gov. Chris Christie's administration's response to complaints from small businesses about the slow pace of Sandy aid.

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Federal Programs Related to - Public Safety, Disaster Services, General/Other

Programs that seek to prevent, predict or mitigate the effects of disasters (e.g. fires, floods, earthquakes, tornadoes); prepare people to cope with disasters; or provide broad-based relief services to disaster victims. Also includes programs that rescue accident victims; provide first aid training and services; and/or offer safety education programs .

Federal Programs Related to - Disaster Relief/Recovery

Programs that provide short-term assistance for people who have suffered injuries or incurred losses due to natural or man-made disasters. Also offers longer-term assistance for people who have suffered injuries or incurred losses due to a major disaster or large- scale emergency with the objective of facilitating the return of the community to its pre-disaster condition and/or rebuilding the community in a way that makes it less vulnerable in the future. Debris Removal; Disaster Donations; Disaster Hotlines; Disaster Loan Programs; Disaster Recovery Centers; Disaster Service Centers; Disaster- Specific Home Repairs; Disaster-Specific Rent Assistance; Post-Disaster Clean-Up; Post-Disaster Housing Assistance; Post-Disaster Housing Databanks/Referrals; Post-Disaster Rebuilding Assistance; Post-Disaster Volunteer Management

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Programs that provide alternatives to traditional banking systems and/or focus on policy-making, information sharing, research or other activities that relate to financial institutions and services. Banking; Credit Unions; Investment Management; Investments & Securities; Savings & Loans


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