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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Bina Sitaram, a 40-year old former senior garment technician in the fashion industry, has created a social enterprise that affords young students lessons in healthy living by holding gardening, cooking and arts and crafts sessions.




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