Paramount leasing space at major studio campus in Bayonne

TRENTON, N.J. (October 30, 2025) – Following the announcement earlier this week that Paramount, A Skydance Corporation, (“Paramount”) (NASDAQ: PSKY), will lease space at 1888 Studios in Bayonne, the New Jersey Economic Development Authority (NJEDA) Board designated the global media company as a Studio Partner under the state’s Film and Digital Media Tax Credit program during its meeting today. As a Studio Partner, Paramount would be eligible for a 40 percent base tax credit for qualified production expenses on future New Jersey film and television projects.

Paramount is a leading, next‑generation global media and entertainment company with a portfolio that unites legendary brands, including Paramount Pictures, Paramount Television, CBS – America’s most-watched broadcast network, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV, and Skydance’s Animation, Film, Television, Interactive/Games, and Sports divisions.

“New Jersey’s competitive tax incentive program, deep talent pool, and diverse locations are proving to be successful in attracting leading entertainment companies, such as Paramount, to the state,” said Governor Phil Murphy. “This is a tremendous investment into Bayonne, which will help create good-paying careers, support small businesses and local vendors, and drive meaningful economic growth.”

“Paramount’s long-term commitment to New Jersey is a testament to our rising position as a national leader in film and television production,” said NJEDA Chief Executive Officer Tim Sullivan. “Since he took office, Governor Murphy has been committed to curating a robust film industry, leading to major productions and studios coming to New Jersey and hundreds of millions of dollars invested into communities across the state.”

Earlier this week, 1888 Studios announced that Paramount signed a minimum 10-year lease to occupy more than 285,000 square feet of production space on 1888 Studios’ future Bayonne campus.

On Tuesday, October 28^th, Andy Gordon, Chief Strategy Officer and Chief Operating Officer, for Paramount said: “Scaling our production and expanding our slate of world-class entertainment is central to our long-term strategy. We’re thrilled to invest in the United States and in the region and lean into our creative momentum to spark economic growth. We’re deeply grateful for the support and partnership of Governor Murphy, Senator Raj Mukherji, the New Jersey Economic Development Authority, and 1888 Studios. Thanks to highly competitive tax credit programs like New Jersey’s, the tri-state area is more attractive than ever before for production as we work together to create new jobs and empower more domestic production for America’s creative workforce.”

1888 Studios, developed by Togus Urban Renewal, LLC, will stand as the largest and first campus-style film and television studio facility in the Northeast and one of the largest in the nation, occupying 58 acres of land just miles from New York City. The development will include 23 mega-powered smart sound stages, more than 350,000 square feet of production support space, outdoor backlot space, amenities, office spaces, mills, lighting and grip facilities, and a parking garage. The development will also feature a waterfront park and promenade accessible to the public.

Last year, the NJEDA designated 1888 Studios as a Film-Lease Partner Facility, which commits the developer to occupy the facility for at least five years and grants future tenants eligibility to apply for increased tax credits for projects filmed at the facility. The NJEDA also approved 1888 Studios for tax credits under the Aspire Program to support the studio’s construction and development.

“1888 Studios proudly congratulates the NJEDA and Paramount on the authority’s official certification of Paramount as the recipient of New Jersey’s final Studio Partner designation, following their minimum 10-year lease of over 285,000 square feet at our state-of-the-art campus in Bayonne. This landmark recognition underscores both the growing vitality of New Jersey’s entertainment industry and the unmatched potential of 1888 Studios’ purpose-built, all-inclusive film and television production campus,” said Arpad “Arki” Busson, Chairman of Togus Urban Renewal. “We are immensely grateful to Governor Murphy, Tim Sullivan and their teams. This kind of public private partnership does not happen with just a vision and a dream. It happens only as the product of years of hard work and steady collaboration. Put simply, the visionary leadership and dedication of Governor Murphy and Tim Sullivan, the Alchemist, whose passion, creativity and tenacity forged this safe harbour for our industry, and brought the vision and execution necessary to get this deal done. Together, we have created a long-term, stable environment, through 2049, tailored to all storytellers and to the benefit of our broader New Jersey communities.”

In 2021, the Film and Digital Tax Credit Program was expanded, allowing the NJEDA to designate no more than three eligible film production companies as Studio Partners, which must commit to occupying large studio developments in New Jersey. Partners have access to a separate $150 million pool of incentives under the Film and Digital Media Tax Credit program, and it allows a production company to capture additional above-the-line salaries and wages as part of its tax credit award. Lionsgate and Netflix have also been designated as Studio Partners by the NJEDA for their planned studios in Newark and Fort Monmouth, respectively.

New Jersey’s film industry has continued to soar since Governor Murphy reinstated the film tax credit program in 2018. Last week, the NJEDA announced that overall in-state production spending from filmmaking hit $833 million in 2024, surpassing the previous record of $701 million in 2022.

About the NJEDA

The New Jersey Economic Development Authority (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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New Jersey Economic Development Authority and the State of Dnipropetrovsk Will Collaborate to Bolster Innovation and Next-Generation Technologies

TRENTON – Governor Phil Murphy today announced the signing of a Memorandum of Understanding (MoU) between the New Jersey Economic Development Authority (NJEDA) and the State of Dnipropetrovsk in Ukraine to enhance economic collaboration, promote innovation, and contribute to the rebuilding of the Dnipropetrovsk region. The Governor shared this announcement in a video that aired during the Ukraine Action Summit in Washington, D.C. Today’s MoU, which marks the first economic agreement between New Jersey and Ukraine, will promote opportunities for industry partners to enable private sector collaboration, linking the academic and business ecosystems of the Dnipropetrovsk region and New Jersey.

“We are excited to announce this historic partnership with the State of Dnipropetrovsk,” said Governor Murphy. “As the proud home to the second-largest Ukrainian diaspora in America, New Jersey and Ukraine deeply cherish the principles of democracy and self-determination. Today’s MoU will advance our shared goal of sustainable economic growth and encourage innovation across sectors including technology, life sciences, and education. We look forward to a productive and meaningful partnership that strengthens both of our regions.”

“The Dnipro region continues to strengthen its international ties and opens a new chapter of transatlantic cooperation,” said Vladyslav Haivanenko, Acting Head of the Dnipropetrovsk Regional State Administration. “The signing of the Memorandum of Understanding between the Dnipropetrovsk Regional Military Administration and the State of New Jersey lays the foundation for developing economic relations, advancing technology and innovation, and exchanging experience between our regions. I sincerely thank Governor Philip Murphy and Tim Sullivan, Chief Executive Officer of the New Jersey Economic Development Authority, for their support of our country and for this historic step. My special gratitude goes to the Embassy of Ukraine in the United States for its comprehensive assistance and facilitation in establishing contacts and fostering the development of this important partnership. I am confident that through our joint efforts we will create new opportunities for growth and mutual trust.”

The NJEDA and the Foreign Economic Activity Department of the State of Dnipropetrovsk will develop and implement specific projects that mutually benefit both states while simultaneously contributing to the rebuilding of the Dnipropetrovsk region. Priority areas for collaboration include sectors such as clean energy, artificial intelligence (AI), aerospace, and life sciences. To foster cooperation, both entities will share information on regulatory environments, facilitate the development of direct contacts and partnerships between public and private sector stakeholders, and promote networking between companies and research organizations in both states.

“Under Governor Murphy’s leadership, New Jersey has strengthened its international relationships to bolster the state’s economic competitiveness, create high-quality jobs, and leverage the expertise of entrepreneurs from around the world,” said NJEDA Chief Executive Officer Tim Sullivan. “The NJEDA will work closely with the State of Dnipropetrovsk to build up critical industries, enhance research and development, and attract private investment to both States.”

“A new chapter in building strong regional economic ties begins with the signing of a partnership Memorandum between the Dnipropetrovsk oblast and the State of New Jersey,” said Olga Stefanishyna, Ambassador of Ukraine to the United States. “This milestone initiative marks a significant step toward expanding mutual economic opportunities and fostering closer connections between our peoples. The Dnipropetrovsk oblast, one of Ukraine’s key industrial and technological centers, continues to endure daily attacks from Russian forces. In this challenging context, the partnership represents an important avenue for resilience and shared prosperity. Ukraine expresses its deep appreciation to Governor Philip Murphy and NJEDA CEO Tim Sullivan for their leadership and commitment to strengthening regional and international ties. Expanding cooperation in strategic industries, higher education, and applied research will bring tangible benefits to both sides—supporting Ukraine’s recovery, advancing innovation, and creating a foundation for sustainable growth. This partnership reaffirms the enduring friendship between Ukraine and the United States and underscores our shared vision of progress, security, and prosperity.”

For a copy of the Memorandum of Understanding, click here.

About the NJEDA

The New Jersey Economic Development Authority (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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TRENTON, N.J. (October 24, 2025) – The New Jersey Economic Development Authority (NJEDA) is seeking public input on a revised summary of proposed amendments to the Film and Digital Media Tax Credit Program rules. The summary of proposed amendments includes changes made by P.L. 2025, c. 81, signed into law on June 30, 2025.

WHAT:            The revised current draft amendments can be found here. These are subject to change prior to review and consideration for approval by the NJEDA Board. If approved, the amendments will be published in the New Jersey Register for formal public comment as required by the Administrative Procedure Act.

WHEN:           Feedback must be submitted through the NJEDA’s website by Monday, October 27, 2025, at 12:00 p.m.

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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TRENTON, N.J. (October 22, 2025) – The New Jersey Economic Development Authority (NJEDA) is seeking public input on a revised summary of proposed amendments to the Film and Digital Media Tax Credit Program rules. The summary of proposed amendments includes changes made by P.L. 2025, c. 81, signed into law on June 30, 2025.

WHAT:            The current draft amendments can be found here. These are subject to change prior to review and consideration for approval by the NJEDA Board. If approved, the amendments will be published in the New Jersey Register for formal public comment as required by the Administrative Procedure Act.

WHEN:           Feedback must be submitted through the NJEDA’s website by Friday, October 24, 2025, at 12:00 p.m.

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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All location work for the Springsteen biopic was filmed in New Jersey

TRENTON, N.J. (October 22, 2025) – With the Bruce Springsteen biopic set to hit theaters this week, the New Jersey Motion Picture and Television Commission (NJMPTVC), which is part of the New Jersey Economic Development Authority (NJEDA), announced that ‘Deliver Me from Nowhere’ spent a total of $41.8 million during its 31 days of filming in the Garden State. The movie, which filmed in 16 towns across the state, utilized the NJEDA’s Film and Digital Media Tax Credit Program.

“There was only one place that made sense to film a movie about Bruce Springsteen – the place where it all began, right here in New Jersey,” said NJEDA Chief Executive Officer Tim Sullivan. “From the Stone Pony to the Meadowlands, Springsteen’s career crisscrossed the state, eventually becoming an international sensation. Major productions like Deliver Me from Nowhere continue to create jobs, support small businesses, and fuel our economy. New Jersey’s growing film industry is delivering real economic impact and driving creative energy across the state.”

Since the state’s film tax credit program was reinstated by Governor Murphy in 2018, film production in New Jersey has surged. In 2024, in-state production spending from filmmaking hit $833 million, surpassing the previous record of $701 million in 2022. 556 productions filmed in New Jersey last year, hiring a total of more than 30,000 crew members, nearly doubling the number of crew hires from 2023.

During filming in New Jersey, the production hired 500 crew members and had an average daily spend of $1.3 million. The production spent $552,000 on lodging, $429,000 on catering, $1.7 million on extras, $79,000 on tolls, and $2.2 million on wardrobe.

Filming of ‘Deliver Me from Nowhere’ at the Meadowlands Arena in East Rutherford

“Deliver Me from Nowhere shines a spotlight on New Jersey’s rich culture and talent, and honors Bruce Springsteen’s unmatched legacy,” said NJMPTVC Executive Director Jon Crowley. “This film showcases our varied locations and deep talent pool and is a testament to why productions keep choosing the Garden State. New Jersey, the birthplace of film, is the industry’s future.”

‘Deliver Me from Nowhere’ filmed in Asbury Park, Bayonne, Chatham, Denville, East Rutherford, Freehold, Harding Township, Jersey City, Montague, Montclair, Mountain Lakes, Newark, Orange, Rahway, Rockaway, and Roseland.

A testament to the state’s versatility, New Jersey doubled as other locations across the country. Meadowlands Arena doubled as Riverfront Arena in Cincinnati and the LA Sports Arena. Central Restaurant and Konoz Restaurant, both located in Newark, doubled as restaurants in New York City, and Washington Street in Newark doubled as 8th Avenue in New York City. Nutria Alley in Newark doubled as Los Angeles’ Chinatown and Hunan Taste in Denville doubled as a Los Angeles Chinatown restaurant. Route 23 running through High Point State Park doubled as the Blue Ridge Mountains, which run from Georgia to Pennsylvania. An office building in Roseland, located at 105 Eisenhower Parkway, doubled as Memphis near Graceland. Lastly, a farm in Harding doubled as the Archer County Fair in Texas.

The reinstatement of the tax credit program has attracted hundreds of feature films, television shows, and digital media projects to New Jersey. In addition to individual productions, major studios like Netflix, 1888, and Lions Gate, have chosen New Jersey to build brick-and-mortar facilities, which will lead to permanent job creation and long-term economic growth.

About the New Jersey Motion Picture & Television Commission

The NJMPTVC, part of the NJEDA, is staffed by industry professionals and serves as a resource for production companies. The Commission promotes film and television production in New Jersey.

www.film.nj.gov

About the NJEDA

The New Jersey Economic Development Authority (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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More than 550 productions filmed in NJ, spending $833M

TRENTON, N.J. (October 21, 2025) – The New Jersey Motion Picture and Television Commission (NJMPTVC), which is part of the New Jersey Economic Development Authority (NJEDA), announced today that overall in-state production spending from filmmaking hit $833 million in 2024, surpassing the previous record of $701 million in 2022. 556 productions filmed in New Jersey last year, hiring a total of more than 30,000 crew members, nearly doubling the number of crew hires from 2023.

The film industry has surged since Governor Phil Murphy reinstated the Film and Digital Media Tax Credit Program in 2018. The program, which has been extended to 2049, offers tax credits to film and digital media productions of up to 40 percent for expenses incurred. New Jersey’s competitive tax incentive program supported an increase of 41 percent in total qualified spend from 2023 to 2024, while film spending in other North American production hubs decreased or remained stagnant.

“New Jersey has solidified its place as a formidable leader in the national and international film industries,” said Governor Murphy. “Our tax incentive program has been impactful in bringing new movies, television shows, and major studios to the state, which has resulted in good-paying jobs and revitalized communities. The film industry is here to stay and the future of entertainment now runs through the Garden State.”

“2024 was another banner year for New Jersey’s film industry, welcoming hundreds of productions and hiring thousands of crew members, generating meaningful economic activity across the state,” said NJEDA Chief Executive Officer Tim Sullivan. “Governor Murphy’s vision to bring the film industry back to New Jersey has been achieved and we are on the radar of content creators everywhere. As we continue attracting productions and studios, it will lead to new job opportunities for residents and greater business for mom and pop shops.”

New Jersey was the backdrop for major productions in 2024, including Oscar-nominated ‘A Complete Unknown’ starring Timothée Chalamet and ‘Happy Gilmore 2’ starring Adam Sandler, the latter of which spent a record-breaking $152 million during its 64 days of filming in the state.

Other Made in NJ productions that filmed in 2024 include ‘The Housemaid’ starring Sydney Sweeney and Amada Seyfried, ‘The Beast in Me’ starring Claire Danes, ‘A House of Dynamite’ directed by Kathryn Bigelow, and ‘Deliver Me from Nowhere’, the Bruce Springsteen biopic.

“From beaches and farms to busy city centers and quiet suburban streets, New Jersey offers the perfect location for any production,” said NJMPTVC Executive Director Jon Crowley. “Our diverse locations and talent pool make New Jersey a top-tier destination for producers and directors. 2024 proved that New Jersey, the birthplace of film, is the industry’s future.”

In addition to individual productions filming in the state, studios are choosing New Jersey to expand their presence. After Netflix was designated as a Studio Partner and approved for Aspire awards by the NJEDA in 2024, the  leading entertainment services company broke ground on its state-of-the-art production facility in Fort Monmouth earlier this year. 1888 Studios in Bayonne was designated as Film-Lease Partner Facility and approved for Aspire awards in 2024.

Last year, the NJEDA approved $9.5 million in funding for five projects under the Film and Digital Media Studio Infrastructure Program, aimed to support the development of production studios.

The NJMPTVC helps attract production work and supports filmmakers with all of their needs, including financial incentives, permits, regulations, production services, site selection and clearance. The Commission’s Film Ready New Jersey Program prepares communities to accommodate movie and television producers and effectively market themselves as film destinations, bolstering the state’s standing as a national leader in film and television production. There are now 43 designated Film Ready Communities across the state.

About the New Jersey Motion Picture & Television Commission

The NJMPTVC, part of the NJEDA, is staffed by industry professionals and serves as a resource for production companies. The Commission promotes film and television production in New Jersey.

www.film.nj.gov

About the NJEDA

The New Jersey Economic Development Authority (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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10-29-2025 – Updated with Extended Deadlines

TRENTON, N.J. (October 20, 2025) – The New Jersey Economic Development Authority (NJEDA) has issued a Request for Information (RFI) to gather insights from qualified entities on how to improve the Emerging Developers Grant Program, broaden eligibility, and better support small-scale developers. Originally launched in 2024, the program was created to help developers gain access to capital and build additional capacity to expand their existing portfolio by providing grants of up to $250,000 for pre-development soft costs.

“Under Governor Phil Murphy’s leadership, New Jersey has expanded resources for small businesses and small-scale developers, eliminating barriers to capital and creating a more equitable economic landscape,” said NJEDA Chief Executive Officer Tim Sullivan. “With an expanded Emerging Developers Grant Program, the NJEDA will be better positioned to open pathways to vital capital for new developers, catalyzing economic opportunity in underserved communities and bolstering small businesses throughout the state.”

“The NJEDA continues to support Governor Murphy’s goal of creating a more inclusive and equitable economy in New Jersey by expanding opportunities for small businesses and residents of underserved communities,” said NJEDA Chief Community Development Officer Tai Cooper. “The next iteration of the Emerging Developers Grant Program will break down barriers to capital and resources for small-scale developers, resulting in projects that will transform communities and contribute to the vibrancy of our main streets.”

To date, the NJEDA has awarded 50 grants totaling more than $5.4 million to small scale-scale developers through the initial phase of the Emerging Developers Grant Program. This funding is helping new developers across the state expand their portfolios and access much-needed capital.

Gotta Go Gaming, based in Jersey City, utilized $250,000 in funding to cover critical soft costs for its Sci Tech and Esports Hub, paying for architectural designers, funding consulting fees, and covering interior decorating and design work. Gotta Go Gaming previously received support through the NJEDA’s Main Street Micro-Business Loan and the Small Business Emergency Assistance Grant Program

“Without this support, many of these foundational elements would have been challenging to complete in a timely manner. Thanks to NJEDA’s assistance, we are well-positioned to bring this project to completion and to deliver on its vision for community impact,” said Gotta Go Gaming Chief Executive Officer John Robinson. “We greatly appreciate NJEDA’s commitment to supporting developers and community growth.”

MPMB Developers, based in Atlantic City, also received an award under the Emerging Developers Grant Program, which it used to complete an expanded storage facility for its bike rental business, create a much-needed trash and storage enclosure, and add a new residential unit. The project also received NJEDA funding through the Small Business Fund and the Small Business Improvement Grant Program.

“The critical funding provided by the NJEDA’s Emerging Developers Grant Program allowed us to expand North Beach Mini Golf and improve our services,” said MPMB Developers Co-Owner Nick Intrieri. “We look forward to continuing to serve the Atlantic City community and are grateful to the NJEDA’s commitment to supporting small-scale developers.”

While New Jersey has expanded resources for small-scale developers, access to capital continues to be a challenge due to predatory lending, excessive carrying costs, and predevelopment expenses. These deterrents in the development industry have created financial setbacks and limited portfolios for emerging development entities that do not have the capital to cover soft costs.

The NJEDA is interested in receiving comments, questions, and responses that will help the NJEDA better understand the scope and characteristics of access to capital and other forms of financing available to underserved real estate developers. Potential respondents may include, but are not limited to, applicants from the original Emerging Developers Grant Program, Community Development Finance Institutions, community development lending units of medium and large banks, state and local government entities, and other mission-based lenders. The RFI can be found here.

All questions concerning this RFI must be submitted in writing no later than November 5, 2025, via e-mail to: EmergingDevelopersRFI@njeda.gov. The subject line of the e-mail should state: “QUESTIONS-2025-264-RFI- Emerging Developers Program-Program Redesign and Expansion”. Answers to questions submitted will be publicly posted on the Authority’s website under the RFIs section on or around November 12, 2025.

All RFI responses must be submitted in writing no later than November 26, 2025, via e-mail to: EmergingDevelopersRFI@njeda.gov. The subject line of the e-mail should state: “2025-264-RFI-Emerging Developers Program-Program Redesign and Expansion”.

About the NJEDA

The New Jersey Economic Development Authority (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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Authority seeking proposals to redevelop nearly 16 acres of waterfront property

CAMDEN, N.J. (October 14, 2025) – The New Jersey Economic Development Authority (NJEDA) has released a Request for Expressions of Interest (RFEOI) to solicit proposals for the redevelopment of nearly 16 acres of property along the Camden Waterfront. The riverfront property, which boasts views of the Philadelphia skyline and is in close proximity to a public park, is a prime location for new mixed-use development. 

“This is a major milestone in Camden’s continued renaissance, and we are looking forward to the new opportunities that the redevelopment of this property will bring,” said Governor Phil Murphy. “We are committed to pursuing a project that meaningfully benefits the community and ensures that Camden residents reap the economic benefits.”  

“Under Governor Murphy’s leadership, New Jersey is investing in the future of Camden, and it has prioritized redeveloping underutilized properties into real economic drivers,” said NJEDA Chief Executive Officer Tim Sullivan. “This presents a unique opportunity to transform the waterfront property by creating a landmark development with the goal of unlocking new economic opportunities for the residents, families, and small businesses of Camden.”

The nearly 16 acres is comprised of two properties known formally as the Riverfront Prison and Weeks Marine sites, which are situated north of the Benjamin Franklin Bridge. Recognizing the interconnected nature of access to recreation and open space amenities, and economic development potential, the New Jersey Department of Environmental Protection, the owner of the former Weeks Marine site, has begun the visioning process to develop a waterfront park along the property with the intent of connecting into ongoing recreation development projects in the region. 

“This is an exciting time as Camden is no longer a city of potential, but a city of progress and the time to invest is now,” said Camden Mayor Victor G. Carstarphen.  “Our strategy remains focused on bolstering public safety, promoting economic growth, and improving educational outcomes for our residents.  These are the building blocks for vibrant neighborhoods and a healthy economic climate.  We are delighted to be working with Governor Phil Murphy and the New Jersey Economic Development Authority to promote the development of this location.  This is a unique opportunity to redevelop acres of beautiful waterfront property with sweeping views.  The redevelopment of this site will play a pivotal role as we build a stronger City of Camden and an attractive gateway into New Jersey.”

“The Department of Environmental Protection is thrilled to partner with NJEDA and Camden on this exciting opportunity that underscores the Murphy Administration’s commitment to expanding and creating urban parks that align with community planning and sustainable development,” said Environmental Protection Commissioner Shawn M. LaTourette. “The repurposing of these sites along the Delaware River as parkland advances our efforts to connect the public to urban waterways, strengthen community bonds, and improve quality of life in our cities.” 

Connecting the Delaware river to existing walkable neighborhoods and downtown Camden, the property boasts easy access to waterfront recreation and entertainment venues like the Freedom Mortgage Pavilion and Wiggins Riverfront Stage, as well as other amenities. Also nearby are historic sites, including the Walt Whitman House, the Battleship New Jersey, and the Benjamin Franklin Bridge. Adjacent to the Property is the 17^th century Benjamin Cooper Tavern, which is undergoing restoration. 

Additionally, with interstate-highway access, the PATCO High Speedline, the New Jersey Transit River Line light-rail, expanding trail networks, and the innovative Loop last-mile solution, mobility throughout the area is on par with most major cities, and is only minutes from Center City Philadelphia. 

The City’s North Camden Waterfront Study Area Redevelopment Plan, adopted in 2014, established a framework to guide future development of the waterfront area North of the Ben Franklin Bridge.  

The Redevelopment Plan is built upon several city and neighborhood plans produced over the past 20 years, and the shared vision developed through community engagement. That vision entails a vibrant, pedestrian friendly, mixed-use district, landmark public spaces which emphasize access and views of the river, and improved connectivity to the rest of Camden and the greater Philadelphia region.

“The Camden Waterfront is one of Camden County’s greatest assets, and a key part of the city’s transformation,” said Commissioner Director Louis Cappelli Jr. “Expanding redevelopment north of the Ben Franklin Bridge will bring new economic opportunities, and continue Camden’s incredible progress.”

“This large expanse of green space is prime real estate for the next phase of Camden’s renaissance. The future is now in the city and these parcels will be a stepping stone to the continued momentum that has already attracted billions of dollars of private investment,” said Commissioner Jeffrey Nash. “In short, this redevelopment will become a strategic marker for both the city’s growth, and it’s quality of life.”

To ensure staff’s receipt and review of a proposal, Responses should be submitted electronically by Tuesday, December 9, 2025, at 11:59 p.m. Click here to view the RFEOI and complete submission instructions. 

Questions may be submitted via email by Monday, November 10, 2025, at 11:59 p.m. Questions may be sent to QARED@njeda.gov using the subject line: Questions RFEOI-0000081-Camden Prison. Responses to the questions will be posted the NJEDA’s website on or about Monday, December 1, 2025. 

About the NJEDA

The New Jersey Economic Development Authority (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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