Developers land $94 million financing package for revival of iconic Paterson stadium

A development team has closed on more than $90 million in financing for a project that centers on restoring Paterson’s historic Hinchcliffe Stadium.

EDA now taking applications for rebooted residential ERG program

The state Economic Development Authority is once again accepting applications for a popular gap financing program that lapsed two years ago, but has since been rebooted.

EDA: Applications open for Emerge program, successor to key jobs-based tax incentive

The state Economic Development Authority is now accepting applications for the jobs-based tax incentive known as Emerge, the long-awaited successor to the Grow New Jersey program.

EDA opens application period for grant program aimed at stranded office, retail buildings

The state Economic Development Authority is now accepting applications for a grant program aimed at helping communities revitalize underutilized retail or office properties.

Mixed-use project in Paterson advances with support from EDA, HFMA

A partnership is eyeing plans to bring 74 new apartments to Paterson, in a project that calls for both new construction and the restoration of a historic mill property near the city’s Great Falls.

EDA to start accepting applications for new jobs-based incentives program

The state Economic Development Authority is set to begin accepting applications for a long-awaited new incentive program, following the adoption of short-term rules for the subsidies.

EDA to accept applications for reopened residential ERG program starting June 1

Residential builders seeking tax credits under the state’s relaunched Economic Redevelopment and Growth program can apply for the subsidy starting June 1, officials announced Tuesday.

Developers join public officials, ex-baseball stars to hail Paterson stadium revival

A development team has broken ground on a long-awaited plan to revitalize and reopen Paterson’s historic Hinchliffe Stadium, joining a host of public officials and retired baseball stars to mark the start of the $94 million project.

New Jersey needs turnkey lab space, faster approvals to compete for life sciences users

Experts say New Jersey faces a growing challenge: While it’s still a major draw for pharmaceutical research and development, speed to market has become increasingly important to life sciences users. That means the state’s lack of move-in-ready lab space — and its lengthy approval process for new construction — puts it at a disadvantage to competing markets.

EDA reboots grant program to help municipalities rescue stranded malls, office parks

The state Economic Development Authority has relaunched a funding program aimed at helping suburban communities repurpose underutilized retail or office park properties.