In what the Economic Development Authority sees as a boost to the state’s technology sector, the board voted last week to approve a combined $971,550 in loans for three separate co-working spaces in Hoboken, Jersey City and Asbury Park.

According to the EDA, each co-working space can use the funds for improvements and expansions to its site. The spaces were selected through a competitive proposal request process under the Edison Innovation Fund.

“This funding will support the earliest stage New Jersey entrepreneurs and technology startups by partnering with three thriving co-working spaces in Hudson and Monmouth counties,” EDA CEO Michele Brown said.

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