NJEDA Seeks Additional Public Feedback for Aspire Program Rules
Public can submit input until October 28, 2022
Trenton, N.J. (October 19, 2022) – The New Jersey Economic Development Authority (NJEDA) today announced that it is seeking public input on a revised set of rules for the Aspire Program, which was established under the New Jersey Economic Recovery Act of 2020 (ERA). The Aspire Program is a gap financing tool to support commercial, mixed use, and residential real estate development projects.
The current draft of the Aspire Program rules incorporates feedback collected during a public comment process that took place earlier this year. Members of the public are encouraged to review the draft posted today. Any feedback must be submitted in writing through the designated online form available on the ERA website. The NJEDA will be accepting comments until Friday, October 28, 2022 at 3:00 p.m. EDT.
The document posted today is a draft of the Aspire Program rule amendments, which will be presented to the NJEDA Board, with any final edits, for its review and consideration for approval. If approved, the document will be published for the formal public comment period, as designated by the Administrative Procedure Act.
For more information on the ERA or to submit feedback, please visit www.njeda.gov/economicrecoveryact.
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 state resources available to New Jersey entrepreneurs and early-stage companies, visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.
###
Related Content
April 15, 2024
NJEDA Establishes New Jersey Green Bank to Advance Climate Goals
TRENTON, N.J. (April 15, 2024) – Last week, the New Jersey Economic Development Authority (NJEDA) Board approved the creation of the New Jersey Green Bank (NJGB), which will make investments in the clean energy sector that will help advance the state’s efforts to make an equitable transition to 100 percent clean energy.
April 12, 2024
NJEDA Board Approves Anchor Tenants for Maternal and Infant Health Innovation Center
TRENTON, N.J. (April 12, 2024) – The New Jersey Economic Development Authority (NJEDA) Board on Wednesday approved three anchor tenants to lead the Maternal and Infant Health Innovation Center (MIHIC) in Trenton.
April 11, 2024
NJEDA Approves Creation of $7M Green Workforce Training Grant Challenge
TRENTON, N.J. (April 11, 2024) – The New Jersey Economic Development Authority (NJEDA) Board approved the creation of the Green Workforce Training Grant Challenge.