Pictured (l-r): Nestor Callejas, Adeline Barnes, Taryn J. Peppo, TJ Barnes, Mari Mendez, and Tyrone Barnes
The EDA’s work to fuel economic growth and job creation
is bolstered by the Authority’s strong relationship with
New Jersey’s banking community. In partnership with
commercial banks, approximately 100 small and midsized
companies and not-for-profit organizations across
New Jersey received assistance under the State’s small
business lending and bond financing programs.
Manhattan Maintenance Company
Fairfield-based Manhattan Maintenance Company,
a woman- and minority-owned cleaning and janitorial
services company, was able to refinance its mortgage,
lower its debt service, increase its profit margins, expand
into a new niche business line and create 15 new jobs
with the help of a $600,000 Provident Bank term loan that
included a 25-percent Main Street Business Assistance
Program participation.