Application Open for NJEDA’s Activation, Revitalization, and Transformation Program for Arts and Real Estate Development Projects in Atlantic City and Newark
Pilot Program Designed to Increase Foot Traffic and Catalytic Development in Municipalities Impacted by COVID
TRENTON, N.J. (June 8, 2023) The New Jersey Economic Development Authority (NJEDA) has opened the application for the Activation, Revitalization, and Transformation (ART) Program, which is a one-time grant opportunity for projects in urban areas with mass transit that have faced economic disruption due to the reduction of commuter foot traffic following the COVID-19 pandemic. The first round of funding made available under the ART Program is for projects in Atlantic City and Newark. Applications are due Tuesday, August 22nd at 5:00 p.m. EDT.
Funded at $10 million through the American Rescue Plan, the ART pilot program aims to mitigate the economic impact of the coronavirus pandemic through the creation of two programs, one for Real Estate Rehabilitation and Development projects and one for arts-based initiatives aimed at engaging public audiences and local communities.
A virtual information session, including a walk-through of the application process, will be held on June 14th, 2023 at 1:00 p.m. register here.
The NJEDA will host in-person events in Atlantic City and Newark in the upcoming weeks to provide opportunities for potential applicants and other stakeholders to learn more about the ART Program. For additional information about the ART Program, click here.
About the NJEDA
The NJEDA serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.
To learn more about NJEDA resources for businesses call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.
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