Public Information - Proposed New Rules/Amendments

Offshore Wind Economic Development Tax Credit Program
Special Adopted New Rules: N.J.A.C. 19:31-20 
The EDA has adopted new rules at N.J.A.C. 19:31-20 to implement the Offshore Wind Economic Development Tax Credit Program established pursuant to section 6 of the Offshore Wind Economic Development Act, P.L. 2010, c. 51, as amended by P.L. 2018, c. 17, which authorizes the Authority to approve up to $100 million, except as may be increased by the Authority, in tax credits for the development of certain qualified wind energy facilities in wind energy zones.

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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