Public Information - Proposed New Rules/Amendments

Proposed Amendments: N.J.A.C. 19:30-6.1 and 19:31-3.1 through 3.5
Brownfields Loan Program
The proposed amendments to the rules establishing parameters for direct loan products pertain to financial assistance available under a new Brownfields Loan Program, which provides low interest loans to applicants to remediate brownfield sites, which are former or current commercial or industrial sites that are currently vacant or underutilized and on which there has been, or there is suspected to have been, contamination or on which there is a contaminated building, or which has been remediated for industrial use but requires further remediation for mixed-use residential development.

Notice of Funding Availability
Innovation Challenge Program
The Innovation Challenge Program provides grants of up to $ 100,000 each to communities for economic development plans to catalyze planning and key investments to position their city and region to augment their innovation ecosystem.
Notice of Funding Availability
21st Century Redevelopment Program
The 21st Century Redevelopment Program provides grants of up to $ 50,000 each to eligible redevelopment agencies, municipalities, or counties to develop, or accelerate the implementation of, plans for repurposing or removing "stranded assets" in their communities.

Notice of Funding Availability
Retail Fuel Station - Energy Resiliency Program
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.

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