NJEDA to Open Applications for Atlantic City Revitalization Grant Program Phase II

TRENTON, N.J. (February 5, 2025) – The New Jersey Economic Development Authority (NJEDA) will open applications for Phase II of the Atlantic City Revitalization Grant Program on Friday, February 7, 2025 at 10:00 a.m. The program aims to address the negative impacts of COVID-19 by supporting capital projects that enhance Atlantic City by addressing at least one of the following local impact considerations: small business efforts, clean and safe efforts, food insecurity efforts, downtown vitality efforts, or job and office space creation.

WHAT:          The Atlantic City Revitalization Grant Program Phase II will support up to 50 percent of costs (hard and soft) of capital projects located within Atlantic City. Projects must support the renovation of a building in which the applicant owns or has a fully executed agreement of sale. Award amounts will range from $250,000 to $2.5 million.

WHO:             Experienced for-profit or non-profit entities responsible for overseeing a real estate development project are eligible to apply. Real estate holding companies are ineligible. Applicants must demonstrate they have the remaining funds to complete this project at time of application and projects must be completed prior to December 18, 2026.  Click here for a complete list of eligibility requirements.

WHEN:          Applications for the Atlantic City Revitalization Grant Program Phase II will open on Friday, February 7, 2025 at 10:00 a.m. It is recommended to email acrevitalization@njeda.gov prior to applying. To apply and for more information, click here.

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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