One of 380 Businesses in Urban Communities Supported by EDA since October 2006
Trenton, N.J. (Oct. 7, 2009) -- Officials toured DCI Signs & Awnings today to mark the company's decision to establish a permanent location in the City of Newark. The sign manufacturing company is one of 389 businesses assisted by the New Jersey Economic Development Authority (EDA) since October 2006 in support of a key priority of Governor Jon S. Corzine's Economic Growth Strategy to stimulate investment in the state's urban communities.
"Governor Corzine's commitment to enhancing our urban communities helps to re-energize our cities and provides additional resources to foster community economic development and growth throughout New Jersey," said EDA Chief Executive Officer Caren S. Franzini. "Investments in companies like DCI and in communities like Newark remain critical to strengthening New Jersey's economy."
DCI, a minority-owned business formed in 1994, is a manufacturer of commercial signage. The company received a $258,000 loan participation from the EDA to help it acquire a building in Newark, which will serve as its headquarters.
"Newark has been an ideal location to grow DCI Signs & Awnings and we are thankful for the assistance we received from the state," said DCI President Danny Castillo. "We look forward to continuing to expand our operations and presence in New Jersey."
The assistance to DCI brings total EDA support in the state's urban communities to more than $610 million since 2006. This assistance is responsible for injecting an estimated $1.5 billion in total public/private investment in New Jersey's urban economy and setting the foundation for the creation of an expected 11,769 new jobs.
The EDA is a state financing and development agency that works to strengthen New Jersey's economy by retaining and growing businesses through financial assistance, by renewing communities, and by promoting the state's strategic advantages to attract domestic and international business.
For more information on EDA resources, visit www.njeda.com. To learn more about opportunities for business growth throughout New Jersey, visit the state's business portal at www.NewJerseyBusiness.gov.