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  • Writer's pictureMAREJ

EDA launches 21st Century redevelopment program to help communities revive underutilized properties

TRENTON, NJ — The New Jersey Economic Development Authority (EDA) announced a program that will provide planning grants for communities to develop solutions for repurposing local vacant or underutilized commercial and retail properties. The program advances Governor Phil Murphy’s commitment to “Investing in Communities” - one of the four pillars of his plan announced last week for a Stronger and Fairer New Jersey economy. “The 21st Century Redevelopment Program presents an opportunity for communities to focus on creative ideas for repurposing dormant properties in ways that contribute to the economy rather than drain valuable resources,” said EDA CEO Tim Sullivan. “Our expectation is to not only provide funding that will help address a particular community’s specific challenges, but also identify strategies to share with similarly situated communities.”

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