What is New Jersey's Office of Economic Development? According to the United States Conference of Mayors, the New Jersey Office of Economic Development (OEED) “provides information to businesses and officials on programs and initiatives aimed at creating jobs, promoting business, reducing income and tax burdens, expanding the economy, and protecting the environment.” The New Jersey Office of Economic Development is funded through a grant program administered by the New Jersey State University College of Medicine. According to its official website, the OEED is the state's division of Economic Development, which provides “fiscal advisory services to state and local governments and non-profit organizations.” The office of Economic development serves as the coordinating body for the New Jersey Division of Developmental Services and assists local economic development agencies in developing “a strategy to assure optimal use of economic growth resources.”
This office also coordinates the inter-governmental group, New Jersey Business Advancement, which works toward economic development through “policy research, educational programming and public dialogue.” In addition, the NJOED also coordinates state and local economic development activities and works closely with the New Jersey Economic Development Commission. Its mission is to strengthen the economy of New Jersey by promoting economic growth, reducing tax expenditures, and promoting business and consumer access to key industries and consumer markets.
As part of the economic development agency's work, the office of Economic Development conducts an annual economic outlook session. The sessions are attended by local business leaders, other local economic development officials, and federal and state government officials. The sessions offer a unique window into the state of the economy and provide a forum for sharing information and best practices. The conference is also the venue for discussing current economic issues that businesses and individuals can use to improve their operations. The office of Economic Development will host an online forum called “economic conversation” in January, which is designed to promote dialogue between residents, businesses, and government officials.
As a New Jersey economic development agency, the New Jersey Office of Economic Development performs a number of other functions as well. It publishes “Quick Facts” on a regular basis about New Jersey and its economy. It also publishes” Economics in Jersey” and” Rankings of Economic Development in New Jersey.” For the past five years, the office has also collaborated with the New York City Department of Economic Development in publishing “The Economic Report of New Jersey.”
The New Jersey Office of Economic Development offers a variety of publications and reports related to the promotion of business and consumer interests. These include “Solving New Jersey's Money Problems,” “The State of New Jersey: A Business Environment For the 21st Century,” ” Trends in New Jersey's Economic Development,” and “The New Jersey Consumer's Guide to Economic Prosperity.” Additionally, the office hosts numerous seminars and workshops. These include “Sustainable Development in New Jersey,” ” Rutgers School of Management at Edison College,” “New Jersey Grower's Market – A Marketplace For Entrepreneurs,” and “aliveness: The Driving force behind NJ Growth.” All of these NJOED events and workshops are designed to inform and provide information on the various aspects of economic development in New Jersey.
As part of the economic development effort, the New Jersey Office of Economic Development offers a number of youth and young professional job fairs. These fairs provide an excellent forum for companies and businesses to meet with . . . . . . prospective employees and discuss job opportunities and other activities that would enhance business growth and development. Companies may also obtain resumes from those wishing to apply for a position and may view current and future job offers.
As part of its marketing and communications efforts, the New Jersey Office of Economic Development is involved in various promotional campaigns. These include distributing “New Jersey Summer Catalog” to high school students. The catalog contains various promotional products such as t-shirts, mugs, and beach gear. The state also sponsors several youth leadership conferences, which provide information on employment opportunities and other programs the office implements in order to promote development. Other promotional information includes television and radio spots, billboard advertisements, and newspaper and magazine advertising.
There are also other non-profit NJOED government programs that serve the economic development needs of the community. One such program is the Neighborhood Service Program, which provides financial assistance to local non-profit organizations for a variety of purposes including youth and family development, cleaning and maintenance of the community, and other community development activities. Another program that the office implements is the Jewelry Making and Appraisal program. This program is implemented to help support the jewelry and accessory industry in Jersey City by training Jewelry Artists and appraisers who have recently graduated from professional training courses and are experienced in the field. These trained individuals are then employed by local jewelry stores and shops around the city.