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21st Century Redevelopment Program

NJEDA is now accepting applications for the 21st Century Redevelopment Program. 

Please see the below application materials:

21st Century Redevelopment Grant Application - Cover Sheet & Application Instructions

Attachment A - Application Information Form

Attachment B - Fee Plan Budget Disbursement Schedule


    Overview


    A number of demographic and economic trends are re-shaping where people in New Jersey live and work, with the suburbs experiencing an outmigration of jobs and population similar to those that cities have experienced.
     
    New Jersey now has a surplus of suburban retail and office parks.
     
    Suburban offices and shopping malls boomed during the 1980s and 1990s, when the supply of cheap land and easy access to highways were a strong attraction. These buildings are now over a quarter-century old and are outmoded and less desirable, and many are sitting empty or are underutilized. Most importantly, the real estate market has shifted, with corporations seeking locations close to transit and that attract a younger talent pool. This urban centric trend is happening nationally, with GE moving from Fairfield, CT to Boston; McDonald’s moving from Oak Brook, IL to Chicago; and Weyerhaeuser moving to Pioneer Square in Seattle from a 430-acre campus outside the city.
     
    Many suburban municipalities that are car-based, have multiple or no town centers and are facing stagnation or even a population exodus. 
     
    Many of New Jersey’s suburban municipalities with no town centers (or multiple small “centers,”) that are car-dependent and largely made up of single-family detached homes, are at risk. These municipalities must strategically plan their land use to attract or keep young residents and employers.
     
    Empty corporate campuses, underutilized malls and shopping centers, and vacant office buildings left behind by the 1980-1990s building boom have become a drain on many New Jersey communities. As a result, these communities are dealing with the loss of tax revenues, the costs of maintaining infrastructure and roads around these properties, and a lack of resources to solve the issues.
     
    Local government entities face hurdles planning the retrofitting, redevelopment, and repurposing of large stranded assets.
     
    The growing need for newer, suburban municipalities to address stranded assets adds to the needs that have existed and, in some cases, continues to exist in older cities and suburbs. To allow New Jersey to better attract economic activity and jobs, the Authority intends to offer grant funding to redevelopment agencies, municipalities, or counties to produce plans for repurposing or removing stranded assets in their communities.
     
    By making this grant funding available to local government entities across the State, the Authority seeks to obtain economic development plans from local communities and regions with solutions and strategies for their stranded assets which may be replicable for other municipalities and regions in New Jersey.
     


    What is the 21st Century Redevelopment Program?


    The 21st Century Redevelopment Program will provide grants of up to $50,000 each to eligible redevelopment agencies, municipalities, or counties to create strategies to redevelop or regreen their stranded assets.
     
    Planning proposals may focus on any number of elements, including:
     
    • Determining cost-benefits of retrofitting, redeveloping or regreening the property or properties
    • Driving economic growth for the locality and region 
    • Creating greater social, economic, and environmental sustainability
    • Expanding affordable and multi-family housing
    • Attracting employers and a diverse, talented workforce
    • Expanding entrepreneurial opportunities and support local businesses
    • Promoting walkable neighborhoods and improve accessibility and mobility
    • Connecting to public transportation
    • Improving livability and healthy outcomes for the local population
     


    Who can apply?


    Only a New Jersey municipal or county government or redevelopment agency is eligible to apply to the 21st Century Redevelopment Program. 

    Must have evidence of a stranded asset matching one of the following:
     
    • Retail: 750,000 square feet or more with a vacancy rate greater than 25%
    • Office: 75,000 square feet or more with a vacancy rate greater than 20% for at least 3 years

    A stranded asset may be a building, a corporate campus that was used by a single entity, buildings that are adjacent to each other, or buildings across a parking surface or structure that is dedicated for use by the buildings.

    A municipality, county or redevelopment agency may only submit one application each. A proposal on behalf of a county does not preclude a municipality within that county from submitting their own proposal.
     


    What else is required in order to be eligible?


    To be considered eligible for a grant award, proposals must demonstrate ability to provide a 20 percent matching contribution of the grant amount, to be reinvested back into the planning project.  

    The 20 percent match can be in the form of a financial contribution, or a contribution of in-kind resources.  In-kind resources are defined as non-monetary resources that will add value and help advance the planning project.  

    The applicant must agree to participate in at least 2 events hosted by EDA to share lessons learned with other New Jersey municipalities and counties facing stranded assets challenges, and 
    share ownership of deliverables with EDA for the purpose of making results publicly available to foster a dynamic discussion about repurposing stranded assets and to assist other similarly situated municipalities.
     


    How will proposals be evaluated?


    Applications for the 21st Century Redevelopment Program will be accepted on a rolling basis and scored by an Evaluation Committee.

    Proposals will be evaluated, and funds awarded on a first come, first served basis based on the date in which EDA receives a completed application. The applications will be accepted until all funding is committed or Monday, March 4, 2019 by 9:00 AM.

    Specific scoring criteria will be outlined in the forthcoming application, but general guidelines that will be used to assess applications are as follows:
     
    • Identification of project purpose and merits
    • Scope and scale
    • Committment to social impacts
    • Previous record
    • Regional partnership
    • Community engagement
    • Ranking of municipality within the top 50 2017 Municipal Revitalization Index,


    How to Apply:


    Please see the below application materials for the 21st Century Redevelopment Program:

    Please see the below application materials:

    21st Century Redevelopment Grant Application - Cover Sheet & Application Instructions
    Attachment A - Application Information Form
    Attachment B - Fee Plan Budget Disbursement Schedule
     

    Application Deadline:


    Applications will be evaluated, and funds awarded on a first come, first served basis based on date of EDA’s receipt of a completed application.

    Applications will be accepted up until the total program allotment has been exhausted, or Monday, March 4, 2019 at 9:00 AM (whichever is sooner).
     

    Questions & Answers:


    The Authority will electronically accept written questions and inquiries from all potential Applicant(s) via the web at 21stCentury@njeda.com. Phone calls/faxes shall not be accepted.

    The subject line of the e-mail should state:

    “Questions – 21st Century Redevelopment Program”

    All Questions received, and Answers given in response to this Application will be answered in the form of a Frequently Asked Questions document to be posted and continually updated on this webpage up until the total program allotment has been exhausted, or Monday, March 4, 2019 at 9:00 AM (whichever is sooner).

    The Authority will also post any addenda on this webpage. It is the responsibility of any potential applicant to review this webpage on a frequent basis to become aware of any answers and addenda.