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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Awards under the NJ Film Works Grant Program will prepare NJ residents for careers in a critical sector

TRENTON, N.J. (October 14, 2025) – Last week, the New Jersey Economic Development Authority (NJEDA) Board approved $3 million in grant awards to five workforce development initiatives under the New Jersey Film Works Grant Program. The awards will expand access to workforce development training, internship, apprenticeship, and learning opportunities in the state’s booming film and digital media industry, with a focus on providing career opportunities for residents of Overburdened Communities.

“Under Governor Phil Murphy’s leadership, the film and digital media industry is continuing to grow in New Jersey, bringing large-scale productions, state-of-the-art film studios, and thousands of high-quality jobs to the Garden State,” said NJEDA Chief Executive Officer Tim Sullivan. “With strong workforce development initiatives, like the NJ Film Works Grant Program, New Jerseyans will be better equipped to make the most of the industry’s immense economic opportunities.”

Awardees were required to propose impactful workforce development training, internship, apprenticeship, or learning opportunities in occupations such as editing, set construction, special effects, wardrobe, and camera operation. In line with Governor Murphy’s mission to strengthen economic opportunities for every New Jerseyan, the competitive program included a focus on providing opportunities for residents of Overburdened Communities. Applicants were eligible for a grant award of up to $750,000.

Following the revival of the Film and Digital Media Tax Credit Program under the Murphy Administration, the state has attracted hundreds of feature films, television shows, and digital media projects. The production surge, along with the construction of world-class film studios, like Netflix at Fort Monmouth and 1888 Studios in Bayonne, has increased the need for skilled industry professionals in the film and digital media sector.

“This vital grant funding marks a significant step in fortifying New Jersey’s position as a leader in the film and digital media sector,” said Robert Asaro-Angelo, Commissioner of the New Jersey Department of Labor and Workforce Development. “Through this investment, we’re preparing workers for rewarding careers while also ensuring our diverse communities are at the forefront of this burgeoning field. This is a key scene in our state’s story of innovation and growth, with all New Jerseyans having a chance to shine.”

“Every production requires a skilled crew to run smoothly, and with more major studios choosing the Garden State due to its varied locations and nation-leading incentives, New Jerseyans need to be prepared for new and exciting employment opportunities,” said New Jersey Motion Picture and Television Commission Executive Director Jon Crowley. “The grant awards announced last week will support innovative workforce training programs across the state, further positioning New Jersey as a national hub for film and television production.”

The following applicants were approved for grant awards:

• Invest Newark ($750,000) – Invest Newark will provide training for Production Assistant and Rigger/Grip/Set Grip positions, with in-person training taking place primarily in Newark. The economic development agency will collaborate with the Newark Office of Film and TV, Express Newark’s Community Media Center, NewarkWORKS One Stop Career Center, Newark Film School, and the New Jersey Performing Arts Center to provide technical training and job placement assistance.

• Reel Works ($750,000) – Reel Works will train individuals for Assistant Camera, Production Accountant, and Set Carpenter positions. The training will be in a hybrid format, with in-person instruction taking place near the Netflix Studio Campus at Fort Monmouth in Oceanport. Reel Works will collaborate with the International Alliance of Theatrical Stage Employees (IATSE) Locals 52 and 600, among other local stakeholders, for instruction and employment connections.

• AbelCine ($668,838) – AbelCine will provide training for Audio and Video Technician, Camera Operator, and Digital Imaging Technician positions. The training will be in a hybrid format, with in-person instruction taking place primarily in Newark. Abel Cine is a training partner with IATSE Local 600, among other guilds, and will utilize internal business units and its existing network for job placements.

• Aspire Youth Development ($444,164) – Aspire Youth Development will offer training for the positions of Assistant Editor, Camera Operator, and Film and TV Editor. In-Person training will take place primarily in Lumberton and be accessible to residents in Camden, Gloucester, and Burlington Counties. Aspire Youth Development will collaborate with Creative Content OnDemand to deliver core technical instruction and leverage its existing network to create employment, apprenticeship, and other work experience opportunities.

• Independent Content Studio ($386,998) – Independent Content Studio will provide training for Assistant Editor, Audio and Video Technician, and Set Design positions in a hybrid format, with in-person instruction taking place in Paulsboro and Gibbstown. Independent Content Studio will collaborate with Paulsboro High School, Rowan University, and All That’s Good Productions to deliver the proposed program.

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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NJ BASE will be located in downtown Jersey City

TRENTON, N.J. (October 8, 2025) – The New Jersey Economic Development Authority (NJEDA) Board recently approved an Operator to manage and oversee the New Jersey Business Acceleration and Softlanding Ecosystem (NJ BASE) in Jersey City. SOSA USA LLC will oversee the landing pad, which will serve as the state’s first ever facility to attract foreign companies in key industries by offering a supportive co-working space and marketing services, helping businesses expand and grow in the United States.

“The NJEDA is excited to partner with SOSA on launching NJ BASE and welcoming foreign companies to the Garden State,” said NJEDA Chief Executive Officer Tim Sullivan. “Under Governor Murphy’s leadership, New Jersey has made impactful investments to diversify our economy and create new jobs. NJ BASE will strengthen our state’s position on the global stage by helping entrepreneurs scale their businesses, foster innovation, and build lasting international partnerships.”

NJ BASE will focus on attracting international companies in industries that are critical to New Jersey’s economy, such as cyber security, artificial intelligence, fintech, and other types of innovative technologies and services. The center will allow a business to establish itself in New Jersey, with access to the larger U.S. market, so businesses can then expand, attract investment, and create high quality, long-term jobs.

Following a competitive review process, the NJEDA Board awarded SOSA a contract to serve as NJ BASE’s Operator. SOSA will manage the NJEDA’s leased office space and oversee the day-to-day operations of NJ BASE. The awarded contract is for a term of three years, with two optional one-year extensions.

“SOSA is proud to partner with the NJEDA to launch and operate NJ BASE, New Jersey’s first landing pad for innovative, technology-driven international companies,” said Uzi Scheffer, CEO of SOSA. “Building on over a decade of experience running landing pad programs around the world, we’ll help international companies land, forge commercial relationships, and scale in New Jersey. NJ BASE will collaborate with leading international companies and key players across the state’s economy to create lasting commercial success, strengthening New Jersey’s position as a global hub for innovation.”

SOSA is a leading global technology and innovation consulting firm with more than a decade of experience running over 40 international accelerator and landing programs in partnership with governments and corporations worldwide. The firm’s programs have successfully accelerated startups from 12 countries, demonstrating a proven ability to source, recruit, and scale international companies.

“New Jersey continues to strengthen its reputation as a premier destination for international companies seeking to enter the U.S. market,” said Wes Mathews, President & CEO of Choose New Jersey. “NJ BASE will provide foreign businesses with the tools, connections, and resources they need to thrive here, while further deepening New Jersey’s global partnerships and driving long-term economic growth across our state.”

“International companies have their eye on New Jersey because of our commitment to spurring innovation, world-class educational institutions, talent pool, and proximity to major cities,” said NJEDA Director of International Innovation Andrew H Gross. “With support from SOSA, NJ BASE will keep our state competitive and bolster our economic relationships with governments around the world.”

The landing pad will be located at 3 Second Street in Jersey City and house approximately 15-20 companies as a first cohort. The Class A space, which is in close proximity to public transit, is more than 7,200 square feet and included amenities such as conference facilities and event space. NJ BASE is expected to open in the coming months.

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 7, 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 program provides a transferable credit against the corporation business tax and the gross income tax for qualified expenses incurred for the production of certain film and digital media content in New Jersey. The goal of the act is to incentivize production companies to film and create digital media content in New Jersey. The summary of proposed amendments includes changes made by P.L. 2025, c. 81, signed into law on June 30, 2025.

WHAT: A revised summary of the proposed amendments can be found here. The final amendments will be presented to the NJEDA Board for its review and consideration for approval. If approved, the amendments will be published in the New Jersey Register for formal public comment as required by the Administrative Procedure Act before adoption.

WHEN: Feedback must be submitted through the NJEDA’s website by Thursday, October 9, 2025. 

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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Collaboration will support the soft-landing of startups in New Jersey and Abu Dhabi

TRENTON, N.J. (October 3, 2025) – As part of Governor Phil Murphy’s economic mission to the United Arab Emirates (UAE) earlier this year, the New Jersey Economic Development Authority (NJEDA) entered into a memorandum of understanding (MOU) with Hub71, Abu Dhabi’s global tech ecosystem, to promote each other’s programs that support innovative startups.

Under the MOU, the NJEDA and Hub71 will support eligible startups with local setup, regulatory engagement, and capital access, strengthening New Jersey and Abu Dhabi’s entrepreneurial ecosystems and bolstering the creation of inventive startup companies and high-quality jobs. With deep experience in supporting the growth of international startups through its ecosystem, Hub71 will be a valuable partner in advancing New Jersey’s future innovation efforts.

“Throughout my administration, New Jersey has been focused on maintaining strong international economic relationships and developing new opportunities for the Garden State’s entrepreneurs,”said Governor Murphy. “This MOU will harness the power of international collaboration to strengthen the innovation economy of both Abu Dhabi and New Jersey, which will create good-paying jobs and bolster the Garden State’s economic competitiveness.”

The MOU was signed in parallel to the Abu Dhabi Investment Forum (ADIF), which took place this week in New York. This marks another milestone in Hub71’s cross-border expansion strategy, complementing existing partnerships across Asia and Europe and advancing its mission to scale ventures globally from Abu Dhabi. Earlier this year, the NJEDA announced the creation of the New Jersey Business Acceleration and Softlanding Ecosystem (NJ BASE), which will serve as the state’s first ever facility to attract foreign companies in key industries, by offering a supportive co-working space to expand and grow their business in the United States.

“Abu Dhabi is shaping a new era of innovation; one that is globally connected and rooted in collaboration,” said H.E. Ahmed Jasim Al Zaabi, Chairman, Hub71. “By connecting ecosystems across borders, we are empowering ambitious founders to scale impactful ventures, reaffirming the importance of international collaboration in driving economic diversification, job creation, and inclusive, sustainable development.”

Governor Murphy toured Hub71 on April 30^th during his visit to the UAE. Hub71 provides startups with access to international markets, a robust capital ecosystem, progressive regulation, and a vibrant community of skilled talent, enabling founders to build, scale, and sustain technologies that deliver real-world impact. Since their inception in 2021, Hub71 has onboarded 290+ startups into their programs, which have recorded $2.4 billion in funding, reflecting Abu Dhabi’s standing as one of the fastest-growing emerging startup ecosystem in the Middle East and North Africa.

“Under Governor Murphy’s leadership, New Jersey is cultivating important international partnerships around the globe, leading to greater investments into new industries and a more diverse economy,” said NJEDA Chief Executive Officer Tim Sullivan. “The NJEDA has built a robust toolkit to support innovative startups in the state, and we’re excited to work with Hub71 to promote the exciting initiatives that Abu Dhabi and the Garden State have to offer.”  

“Technology continues to transcend borders, and innovation ecosystems must strengthen their ties to support the global ambitions of founders,” said Ahmad Ali Alwan, CEO of Hub71. “Our collaboration with Choose New Jersey is focused on unlocking soft-landing opportunities for startups looking to expand internationally, while deepening the exchange of knowledge, talent, and innovation. By opening our ecosystems to one another, we are creating pathways for ideas and ventures to achieve global scale.”

The NJEDA offers a range of products and initiatives to foster business growth, support research and development, and help entrepreneurs succeed. The Authority’s Strategic Innovation Center initiative is assisting in the creation of facilities around the state that support research and development, innovation, and entrepreneurship through mentorship, networking opportunities, hands-on training, business support services, and education opportunities. Other initiatives, such as the Net-Operating Loss Program and the Angel Investor Tax Credit Program, unlock access to capital for innovative startup companies. For more information on the NJEDA’s programs, click here.  

 Hub71’s flagship Access program offers startups a comprehensive support package that includes up to AED 500,000 in in-kind and cash incentives, and the opportunity for top-performing startups to receive up to AED 1 million in follow-on support after completing one year at Hub71. Beyond capital, startups gain access to the Hub71 network and Abu Dhabi market, talent pool, and investor networks, positioning them to take advantage of commercial opportunities and scale quickly from the UAE capital. For more information on the Hub71’s programs, 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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The Urban Investment Fund will support building rehabilitation and public space remediation

TRENTON, N.J. (October 2, 2025) – Today, New Jersey Economic Development Authority (NJEDA) Chief Executive Officer Tim Sullivan announced a total of $5.7 million was awarded through the Urban Investment Fund (UIF) Grant Program to support five community revitalization projects in Camden. The funding will support several building rehabilitation and public space projects in the city, which was negatively impacted by the COVID-19 pandemic.

“The pandemic deeply affected municipalities throughout the state, especially in urban neighborhoods where foot traffic sharply declined,” said Governor Phil Murphy. “By investing in the renewal of New Jersey’s most impacted communities, we can strengthen small businesses, promote job creation, and revive vibrant main streets. Camden plays a vital role in our state’s economy, and the NJEDA’s Urban Investment Fund will help ensure the city’s ongoing growth and prosperity.”

“Under Governor Murphy’s leadership, the NJEDA remains committed to supporting communities hardest hit by the pandemic by ensuring they have the tools and resources needed to recover. Across the state, the Urban Investment Fund helps catalyze economic growth to create stronger, more vibrant downtowns,” said NJEDA CEO Tim Sullivan. “The funds awarded to Camden will stimulate inclusive economic development in key commercial corridors, generating jobs, aiding local businesses, and fostering sustained prosperity through impactful investments.”

The grant awards were announced today during a press conference at Sheila Roberts Park in the city’s downtown. With the Urban Investment Fund grant, the city plans to improve access to the park, upgrade plazas and sidewalks, enhance safety features, and add new, family-friendly amenities.

“The city of Camden is teeming with opportunity and this allocation of $5 million will be a game changer in terms of boosting the local economy and improving the use of our public spaces,” said Jeffrey Nash, Camden County Commissioner. “We are extremely grateful that NJEDA sees the value in investing in projects such as these and we cannot wait to work with the City of Camden, Camden Community Partnership, and our other community partners to transform this city into something spectacular.” 

“Parks are more than playgrounds and fields—they are places where memories are made, where friendships are formed, and where a community takes root,” said Victor Carstarphen, Camden City Mayor. “We are firmly committed to improving the quality of life in our neighborhoods, and our parks play a huge role in that endeavor. We are leveraging over $150 million dollars of investment already made in our parks. Thank you to the Camden County Board of Commissioners, Camden Community Partnership, and to the NJEDA for this funding commitment. This will help bring a vibrant energy back to our open spaces.”

Camden Community Partnership (CCP) has partnered with the City of Camden to create a revitalization strategy to improve the city through investments in public and private spaces to boost public access and utilization of parks and similar spaces. The projects were specifically crafted to respond to the negative impact that the COVID-19 pandemic had on Camden’s business sector.

“We are deeply grateful to the New Jersey Economic Development Authority for awarding Camden Community Partnership this transformative Urban Investment Fund grant,” said Dana L. Redd, President and CEO of CCP. “This grant allows us to continue revitalizing our public spaces and commercial corridors in ways that reflect the strength, creativity, and resilience of our community. With this support, and the continued partnership of the city, county, and nonprofit organizations, we take another powerful step toward realizing the full promise of our great city.”

Through the UIF Grant Program, the NJEDA provides grants to eligible municipalities to implement a revitalization strategy to respond to decreased foot traffic and revenue due to the pandemic by helping cities enhance vitality. Projects supported by the program can include building rehabilitation projects, building reuse studies, and public space use investments in key commercial corridors. Funding for this program was provided through American Rescue Plan State and Local Fiscal Recovery Funds.

“This investment will not only bring much-needed improvements to our parks and public spaces, but it will also help strengthen the economic and social fabric of Camden,” said Senator Nilsa I. Cruz Perez (LD-5). “These improvements will help bring life back to our parks and community spaces and will give residents and families places to connect and enjoy.”

“This NJEDA funding demonstrates the State’s commitment to the City of Camden and reinforce the City’s remarkable progress,” said Assemblyman William Moen (LD-5). “Every dollar will support and elevate Camden’s outdoor spaces, local businesses, and community centers. I thank Camden Community Partnership for its tireless efforts and look forward to the completion of these five projects.”

“This significant investment from the NJEDA marks a major milestone for Camden,” said Assemblyman William Spearman (LD-5). “These projects will not only enhance our parks and public spaces, but also spark economic growth, support local entrepreneurs, and create vibrant, welcoming corridors throughout out city. I commend Camden Community Partnership for their vision and thank the NJEDA for recognizing the importance of investing in Camden’s future.”

The following projects that were awarded grant funding include:

• Wiggins Waterfront Promenade: This $1 million project will include extensive new utilities, earthwork, and site work to help support this new commercial activity. Improvements will include essential site and utility work, wayfinding, and public art, supported by a $300,000 match from the William Penn Foundation.
• Sheila Roberts Park: Sheila Roberts Park will receive access improvements, upgraded plazas and sidewalks, enhanced safety features, and new family-friendly amenities. This project includes a $100,000 Neighborhood Revitalization Tax Credit (NRTC) grant and a UIF investment of over $540,000.
• 7th & Clinton Street Park: 7th & Clinton Street Park will be receiving a new gazebo and corresponding entertainment space, playground equipment, recreational offerings, athletic and wellness, and other streetscape amenities. The project includes a $615,000 capital match from Camden County Parks and a UIF allocation of over $686,000.
• East Camden: CCP will renovate the community building at 2631 Federal Street, making it a commercial and community hub. This $3.3 million initiative is supported by $810,000 in secured matching funds, including $250,000 in NRTC funding, a $300,000 anonymous donation, a $260,000 grant from the Townsend Foundation, and $2.5 million through the UIF.
• Roosevelt Plaza Park: This project will install several kiosks to serve as food dispensing venues, plant trees and shrubs, and place benches and tables to allow for communal dining. Supported by a $50,000 contribution from the Camden Special Services District, this project received $1.1 million through the UIF.

Established in March 2024, the UIF Grant Program provides grants for the revitalization of key commercial corridor areas and real estate projects located in eligible municipalities. Eligible municipalities include Camden, Newark, New Brunswick, Passaic, Paterson, and Trenton, which all rank within the top five percent of commuter-adjusted population and the top five percent of municipal distress based on the 2023 Municipal Revitalization Index. Approved grants may not exceed 80 percent of total project costs for eligible uses, including building rehabilitation projects, building reuse studies, and public space use improvements.

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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Auctions will support Food Desert Relief efforts and the NJ Innovation Evergreen Fund

TRENTON, N.J. (September 30, 2025) – Due to greater than anticipated demand, the New Jersey Economic Development Authority (NJEDA) will increase the amount of tax credits available to a total of $110 million for the Food Desert Relief Tax Credit Auction and the New Jersey Innovation Evergreen Fund Tax Credit Auction.

WHAT:            Up to $25 million in tax credits, an increase from $10 million, will be available for purchase through the Food Desert Relief Tax Credit Auction. Proceeds will fund programs that increase access to healthy and affordable food throughout New Jersey’s 50 Food Desert Communities. These future grants, loans, and/or technical assistance initiatives will complement the Food Desert Relief Supermarket Tax Credit Program, a tax credit program to support the development and operation of new supermarkets in Food Desert Communities, by supporting other entities involved in strengthening food security, including smaller retailers and nonprofits.

The New Jersey Innovation Evergreen Fund Tax Credit Auction will sell up to $85 million in tax credits, an increase from $50 million, to fuel additional support for the State’s innovation ecosystem through the New Jersey Innovation Evergreen Fund (NJIEF). The NJIEF helps ensure that more innovative, high-growth companies start, grow, and stay in state. The funds raised from the auction will later be matched by professional venture capital firms and invested into high-growth, early-stage businesses across the Garden State.

WHO:              New Jersey corporate taxpayers or insurance companies that want to reduce their New Jersey 2025 tax liability and support the State’s economic development efforts. Companies do not need to be in a food desert, in the food industry, or in the innovation space to buy tax credits through the auctions. Companies can bid for tax credits at a discount of up to 15 to 25 percent through the Food Desert Relief Tax Credit Auction and New Jersey Innovation Evergreen Fund Tax Credit Auction, respectively.       

WHEN:           Applications for both auctions will close on Friday, October 3, 2025, at 5:00 p.m. Applications for the Food Desert Relief Tax Credit Auction can be found here. Applications for the New Jersey Innovation Evergreen Fund Tax Credit Auction can be found here.

Applicants may revise their application ahead of the deadline through the online application or by contacting NJEDA staff at FDRTCauction@njeda.gov or NJIEF@njeda.gov.

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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NEWARK, N.J. (September 29, 2025) – Earlier this month, the New Jersey Economic Development Authority (NJEDA) sponsored AfroTech Executive 2025 at the Prudential Tower in Newark. This second annual event brought together corporate executives, founders, entrepreneurs, and investors for vital discussions on tech innovation, financial literacy and responsibility, and generational wealth creation.

“Under Governor Phil Murphy’s leadership, New Jersey’s tech and innovation sectors continue to flourish, making the Garden State an ideal place for entrepreneurs to grow and succeed,” said NJEDA Chief Executive Officer Tim Sullivan. “It’s an honor to partner with AfroTech to bring this conference back to Newark for a second year. The NJEDA remains committed to breaking down barriers and building a more diverse innovation economy—one that will create jobs, expand opportunity, and ensure lasting prosperity for all New Jerseyans.

Lieutenant Governor Tahesha L. Way and Newark Mayor Ras Baraka delivered opening remarks at AfroTech Executive 2025, and U.S. Senator Cory Booker delivered virtual remarks during the conference. Personal finance educator and author of the New York Times Best Seller Get Good with Money, Tiffany Aliche, served as this year’s keynote speaker.

“I was delighted to join the New Jersey Economic Development Authority, AfroTech, and Blavity for the AfroTech Executive 2025 Conference in New Jersey’s very own City of Newark to welcome this year’s attendees and introduce the captivating The Collaboration Blueprint: Public, Private, and Policy in Partnership panel, featuring Congresswoman LaMonica McIver and Aisha Glover, and moderated by Gary Mann,” said Lt. Governor Tahesha Way. “Now, more than ever, it is so important to be doing the work to ensure that every community is included in the opportunities we are seeing in the emerging tech industry. I’m so proud that our administration, for the past nearly 8 years, has been deeply committed to establishing partnerships to make New Jersey a state where all can succeed and thrive.”

“Over the last few years, we’ve seen New Jersey continue to become a home to more tech focused and innovation driven companies,” said Senator Booker. “For the state to partner with AfroTech alongside NJEDA is a testament to our shared efforts to strengthen our economy and ensure its diversity, guaranteeing a stronger, more prosperous New Jersey for all.”

Congresswoman LaMonica McIver joined the conference’s first panel The Collaboration Blueprint: Public, Private, and Policy in Partnership. Gary Mann, Chairman of the Board of Directors of the African American Chamber of Commerce of NJ, and Aisha Glover, Global Head of Urban Innovation of Audible and NJEDA Board Member, also joined the panel. The panelists highlighted proven strategies and collaborative models that merge public purpose with private capital, and policy with measurable progress.

“I was delighted to join AfroTech Executive 2025 and be part of important conversations focused spurring innovation and economic growth in the communities I serve,” said Rep. McIver. “As a member of the House Small Business Committee, I’m proud to champion this work in NJ-10 and in Washington. I appreciate the NJEDA’s partnership in our shared commitment to creating jobs and building a stronger inclusive economy.”

“The Afrotech Executive event was an exhilarating opportunity to celebrate Black innovators at technology’s cutting edge, entrepreneurs at the vanguard of economic development and disruptors who leverage policy for maximum remunerative impact on both a global and local scale,” said Newark Mayor Ras J. Baraka.  “Perched at the vantage point of yesterday and tomorrow, and poised for global leadership in innovation economics, Newark was the perfect host city for this important forum, where transformative financial ideas were exchanged and their application toward meaningful community benefits exemplified.”

The second panel, From Capital to Institution: Investing for Legacy, Power, and Economic Permanence, included Jeff Cherry, Managing Partner, Conscious Venture Partners; Blessy Thomas, Partner, Innovate Capital Growth Fund; and Amos Winbush, CEO and Founder, bckrs.ai. This panel focused on how early-stage decisions shape ecosystems, industries, and ownership patterns.

“AfroTech Executive’s convening in New Jersey proved what’s possible when leadership, capital, and innovation meet with intention,” said SVP of AfroTech and Live Events, Simone Tyler. “This partnership with NJEDA created opportunities for local business leaders, corporate businesses and civic leaders to discuss the future or growth in tech and business. The result was measurable progress and a blueprint for what comes next.”

“The Afrotech event was timely, forward thinking and transformational at the same time,” said Founder, President and CEO of the African American Chamber of Commerce of New Jersey (AACCNJ). “We applaud the NJEDA for its thoughtfulness and support for this form of programming in New Jersey at this time.”

“AfroTech Executive 2025 brought together leaders from the tech and innovation sectors, highlighting ways to break down barriers for Black entrepreneurs,” said NJEDA Chief Equity & Chief Inclusive Culture Officer Michelle Bodden. “It’s important to continue having these insightful conversations so that entrepreneurs of color have the tools they need to succeed and thrive, helping uplift businesses and entire communities.”

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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