URBAN LAND INSTITUTE HONORS NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY WITH “2013 LAND USE LEGACY AWARD”
TRENTON, N.J. (March 8, 2013) – Highlighting its institutional commitment to community-building and the revitalization of New Jersey’s urban core, the New Jersey Economic Development Authority (EDA) received the “2013 Land Use Legacy Award” from the Urban Land Institute-Northern New Jersey (ULI-NNJ) at the nonprofit organization’s 75th Anniversary Legacy Awards dinner last night.
“The EDA has always been an innovative partner of the private sector, and has played a key role in directing capital to urban communities,” said Robert Antonicello, ULI-NNJ Chair and Executive Director of the Jersey City Redevelopment Agency. “This award signifies our appreciation for the EDA’s many contributions to the cities, towns and communities that make New Jersey such a great place to live and work.”
Coinciding with its 75th anniversary, the theme of ULI-NNJ’s awards ceremony was “Looking Forward, Looking Back.” The ceremony served to honor those who have worked to redevelop and stimulate investment in New Jersey’s cities, and look forward to address future challenges facing the real estate development industry. The awards are intended to recognize and honor the professional legacies of those individuals and organizations whose contributions to New Jersey’s urban development most closely mirror the mission of ULI-NNJ.
“The EDA has worked with a host of public and private partners to successfully catalyze large-scale redevelopment projects that are transforming neighborhoods, creating jobs for local residents, and stimulating economic activity that benefits all New Jerseyans,” said EDA CEO Michele Brown. “We are honored to accept this award, and we thank the Governor and Legislature for providing us with the economic tools needed to attract significant investment to our urban centers, encourage sustainable development in our communities, and foster the growth of small businesses throughout the State.”
In accepting the award, EDA President and COO Tim Lizura noted that the “talented and dedicated staff at the EDA” who put these economic tools to use help to make the Authority such an effective organization.
Under the Christie Administration, the EDA has helped to advance significant projects in New Jersey’s urban centers through the enhanced Urban Transit Hub Tax Credit (Hub) and Economic Redevelopment and Growth (ERG) programs. In total, these programs will help to spur the private investment of nearly $5 billion, and support the creation of an estimated 15,875 new, permanent jobs and 20,180 construction jobs, as well as the retention of 2,935 existing jobs that were “at risk” of leaving New Jersey. The EDA also offers a host of small business lending programs in partnership with New Jersey’s banking community to increase access to capital and drive the growth of local jobs and community investment.
Established in 1936, ULI is a nonprofit education and research institute with over 30,000 members across the globe. ULI’s mission is to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. ULI-NNJ is the local arm of ULI for the northern New Jersey region.
The EDA is part of the state’s results-driven Partnership for Action. Created by Governor Chris Christie and led by Lt. Governor Kim Guadagno, the Partnership is the hub for all economic development activity in New Jersey and is comprised of three interconnected and highly focused organizational elements: Choose New Jersey, the Business Action Center and the EDA.
To learn more about opportunities for business growth throughout New Jersey, visit the state’s business portal at www.NewJerseyBusiness.gov or call the Business Action Center at (866) 534-7789.