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Following the approval of New Jersey's Community Development Block Grant (CDBG) Disaster Recovery Action Plan, Governor Christie called on the EDA to administer $460 million of the state's CDBG Disaster Recovery allocation to assist businesses and communities. The $75 million Stronger NJ NCR Program will support projects located throughout the state, with a focus on the nine most impacted counties of Atlantic, Bergen, Cape May, Essex, Hudson, Middlesex, Monmouth, Ocean, and Union, as defined by the U.S. Department of Housing and Urban Development (HUD). The $260 million Stronger NJ Business Grant and $100 million Stronger NJ Business Loan programs were previously introduced.
The Stronger NJ Neighborhood and Community Revitalization (NCR) Program will support the long-term recovery of small businesses and communities by funding long-term economic revitalization priorities. It will also support projects that retain or hire new employees thus contributing to the State's economy.
The NCR program has three chief components: