Public Information - Proposed New Rules/Amendments

Proposed Amendments: N.J.A.C. 19:31-18.3 and 18.10
Authority Assistance Programs
Grow New Jersey Assistance Program
The EDA is proposing amendments to the rules implementing the Grow New Jersey Assistance (Grow NJ) Program to revise the net positive economic benefit test, which measures the likely impact of an eligible project on the State of New Jersey and/or its municipalities, by taking into account EDA's certainty, or lack thereof, with regard to the business's location after the commitment period expires.
Proposed Amendment: N.J.A.C. 19:31-3.1
Authority Assistance Programs; Direct Loan Program
The EDA  is proposing amendments to establish certain terms and eligibility requirements for certain municipalities, local redevelopment agencies, and county improvement authorities under the Real Estate Impact Fund, to support and foster redevelopment of underutilized properties owned or operated in strategic urban locations.

Notice of Funding Availability
The EDA hereby announces the anticipated availability of Retail Fuel Station - Energy Resiliency Program monies funded under the Federal Emergency Management Agency (FEMA) Hazard Mitigation Grant Program (HMGP). Under this program, the EDA will offer grants for the purpose of enhancing the operational resiliency of retail fuel stations Statewide from future electric power outages by incentivizing the permanent installation of back-up electric generator "quick-connects" and/or fixed back-up electric generators to the fuel pumps at eligible retail fuel stations.

Notice of Funding Availability
Superstorm Sandy Recovery Grants and Loans - Energy Resilience Bank Program
The EDA announces the availability of Community Development Block Grant-Disaster Recovery (CDBG-DR) funds appropriated pursuant to the Federal Disaster Relief Appropriations Act, 2013 (Public Law 113-2) for the purpose of assisting economic recovery from damage caused by Superstorm Sandy. The EDA, jointly with the New Jersey Board of Public Utilities (BPU), will administer $ 200 million of the CDBG-DR funds allocated by the U.S. Department of Housing and Urban Development (HUD) to New Jersey to continue to support the State's recovery. These funds will be used to implement the Energy Resilience Bank Program. Under this program developed jointly with the BPU, the EDA will offer grants, forgivable loans, and amortized loans for the purpose of facilitating recovery and funding the unmet capital needs of eligible, impacted wastewater treatment plants and water treatment plants.

Haga click aqui para la version en espanol