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Posts tagged Economic Development.
By Susan S. Hodges on March 26, 2020
NJEDA Approves Assistance Programs for Businesses Affected by COVID-19

Following up on a client alert we sent earlier this week regarding the COVID-19 bill package that Governor Phil Murphy signed into law, the New Jersey Economic Development Authority (the "EDA") today approved a package of grant and loan programs for small and mid-sized businesses and non-profits impacted by the coronavirus crisis.

April 16, 2019
NJEDA Expands Brownfields Loan Program to Incentivize Projects Targeting Under-served Communities

On April 9, 2019, the New Jersey Economic Development Authority (NJEDA) authorized the creation of a revised Brownfields Loan Program (the "Program") to provide low-interest financing to borrowers in an effort to facilitate remediation of vacant or underdeveloped brownfields sites and return such sites to full and productive use, particularly in the under-served communities within the State. The Program is an expansion of the NJEDA's existing Brownfields Loan Program. 

By George M. Morris on April 8, 2019
Accessing State Funding Programs through Municipal Improvement Districts

Local businesses within a commercial corridor looking to revitalize the economic, physical, and social value of its business should encourage their respective municipality to form Improvement Districts (“ID”).

February 27, 2019
Overview of the NJ Offshore Wind Tax Credit Program

Last month the New Jersey Economic Development Authority (NJEDA) announced that it would begin taking applications for tax credits through New Jersey's Offshore Wind Tax Credit Program (the "Program") from businesses that make a capital investment of at least $50 million dollars in certain qualified offshore wind facilities within Burlington, Camden, Gloucester, Salem, Cumberland, Mercer or Cape May counties. 

By Jeffrey D. Winitsky on February 19, 2019
NJEDA Announces Expansion of and Changes to Business Lease Incentive Program

On February 19, 2019, the New Jersey Economic Development Authority ("NJEDA") announced the expansion of the existing Business Lease Incentive Program (commonly known as the "BLI Program"). 

December 14, 2018
EDA Announces Collaborative Workspaces Participating in NJ Ignite

The governor’s office and the New Jersey Economic Development Authority (EDA) recently announced the initial group of collaborative workspaces that have been approved to participate in the NJ Ignite program.

December 4, 2018
Focusing on the "Little Guy"

Pursuant to New Jersey Governor Phil Murphy’s Economic Development Strategic Plan for the State of New Jersey ("Strategic Plan"), the New Jersey Economic Authority ("EDA") launched a new, dedicated unit ("Unit") to support the small-business community. The Unit will provide New Jersey small-businesses with financial, workforce, and technical support, with a focus on historically underrepresented small businesses such as minority, veteran, disability and LGBTQ-owned enterprises.

By Jeffrey D. Winitsky on November 9, 2018

On November 9, 2018, the New Jersey Economic Development Authority ("NJEDA") provided an outline of several new enhancements to its existing lending programs for small businesses in New Jersey. In particular, the NJEDA announced changes to its "Premier Lender Program" and its small business lending programs, as well as the implementation of the new "Access Program."

By Kevin D. Sheehan, Jeffrey D. Winitsky on October 1, 2018
Governor Murphy Announces Economic Development Strategic Plan for New Jersey

Governor Murphy commits to investing in people, ecosystems, physical spaces and more in the State of New Jersey.

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