Dept/ Agency: Economic and Housing Development Action: (X ) Ratifying (X) Authorizing ( ) Amending Type of Service: Apply and Acceptance of Grant Funds Purpose: To create strategies for economic development plans to catalyze planning and key investments. Entity Name: New Jersey Economic Development Authority Entity Address: 36 West State Street, PO Box 990, Trenton, New Jersey 08625-0990 Grant Amount: $100,000.00 Total Project Cost: $120,000.00 City Contribution: $20,000.00 in matching funds to be provided by Newark Community Economic Development Corporation (NCEDC) (now known as Invest Newark) from its’ Surdana Foundation Grant endowment Other Funding Source/Amount: $0.00 Grant Period: May 17, 2019 through November 17, 2019 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale (X ) Grant ( ) Sub-recipient ( ) n/a Additional Information: