"This is a result of input from our banking partners andborrowers, and our own analysis of current requirements in thecapital markets," says Anthony R. Coscia, chairman of NJEDA. "Ourfindings pointed to the need of raising the limits to be responsiveto the financing needs of the business community, especially tokeep pace with the expanding investment needs of the state'sbusiness community."
The specific programs affected include direct loans tobusinesses, the Seed Capital Program, the New Jersey TechnologyFunding Program and the Downtown Beautification Program.
"We also focused on making it easier for businesses in targetedsectors to get the financing they need," adds NJEDA executivedirector Caren Franzini.
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