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New Jersey Economic Development Authority’s (NJEDA) Activation, Revitalization, and Transformation (ART) Program Overview
The NJEDA’s Activation, Revitalization, and Transformation (ART) Program establishes a one-time competitive grant opportunity to support economic recovery in urban areas with mass transit that have faced economic harms from the reduction of commuters due to the COVID-19 pandemic. Funded at $10 million, the ART pilot program will address these harms through the creation of two programs, one for Real Estate Rehabilitation and Development projects and one for Public Space Activation initiatives. Projects must be located in Atlantic City or Newark. ART’s Real Estate Rehabilitation and Development program will account for up to 70 percent of the total program funding ($3.4125 million per city) to support project-specific hard and soft costs that revitalize commercial corridors and incentivize catalytic development. ART’s Public Space Activation program will account for up to 30 percent of the total program funding ($1.4625 million per city) to support public space activation initiatives such as placemaking, events, public art installations, signage, streetscape improvements, and small business support. Webinar attendees will hear about the new ART Program and its two focus areas, Real Estate Rehabilitation and Development projects and one for Public Space Activation initiatives. This webinar will discuss the program's eligibility, scoring criteria, minimum and maximum rewards, and overall timeline. More information at https://www.njeda.gov/activation-revitalization-and-transformation-art-program/.
NJEDA Brownfields Redevelopment Incentive Program Information Session
Applications for the NJEDA Brownfields Redevelopment Incentive Program will be available on-line soon. This program offers a one-time transferable tax credit for environmental remediation, abatement, ...