To be eligible for support through the Community-Anchored Development Program, a project must:
- Be located in a New Jersey State Opportunity Zone OR result in the economic expansion of a targeted industry in a Metropolitan Planning Areas or municipality with an MRI score greater than 50.
- Involve a minimum investment of $10 million.
- Provide a net positive benefit to the State.
The NJEDA will create evaluation criteria for a competitive evaluation process based on the project’s projected community impact and strategic significance to the State.