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Article: New Jersey Economic Development Authority forms with partnership with Meridian Bank, New Jersey to raise financing for southern New Jersey businesses.
- Article from:
- Business Wire
- Article date:
- May 30, 1995
CopyrightCOPYRIGHT 1995 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TRENTON, N.J.--(BUSINESS WIRE)--May 30, 1995--The first bond program created to provide additional capital exclusively to businesses in the nine southern-most counties of New Jersey has been established in a $25 million financing partnership between the New Jersey Economic Development Authority (EDA) and Meridian Bank, New Jersey, headquartered in Medford.
The program encompasses Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Mercer, Ocean and Salem counties.
Meridian Bank will issue letters of credit that will total up to $25 million to back a bond issue that the EDA will sell to private investors through the public marketplace on behalf of ...
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