New Brunswick PAC, ‘the best example of what redevelopment can do,’ opens its doors

The long-awaited New Brunswick Performing Arts Center has opened its doors, marking the debut of a $172 million, mixed-use project that is poised to transform the city’s acclaimed arts district.

EDA streamlines, expands eligibility for municipal grant program for stranded assets

The state Economic Development Authority is expanding a program aimed at helping municipalities tackle vacant or underused commercial and retail properties in their towns.

Murphy signs bill to provide redevelopment designation for stranded malls, office parks

Gov. Phil Murphy has signed into law a bill that could help resurrect so-called stranded assets across the state, allowing municipalities to provide new redevelopment incentives for vacant or underused shopping malls and office parks.

EDA opens application period for Opportunity Zone grant program

The state Economic Development Authority has begun accepting applications for a new grant program seeking to help municipalities and counties draw investors to federally designated Opportunity Zones.

Kearny Point seeks to support cleantech startups through new office space program

The developer of the $1 billion Kearny Point project in Hudson County has unveiled a new partnership for the campus, seeking to support businesses focused on clean technology and environmental sustainability.

Biotech firm seals 90,000 sq. ft. lease at vacant pharma campus in Plainsboro

A biotechnology firm is set to become the first new tenant at the former Bristol-Myers Squibb campus in Plainsboro, where it will lease more than 90,000 square feet for its new U.S. headquarters and research lab.

EDA launches grant program to help towns, counties land Opportunity Zone investments

The state Economic Development Authority is offering $500,000 in grant funding to help municipalities and counties draw investors to federally designated Opportunity Zones.

Pharma firms, delivery startup among latest targets in EDA tax credit review

The state Economic Development Authority is seeking information from another three companies that were awarded tax credits under its embattled incentive programs, amid ongoing scrutiny of the volume of awards and job pledged by the recipients.

Analytical instruments company moves to North Brunswick with EDA-backed financing

Alliance Calibrations Group, which manages instruments in chemical laboratories, has acquired an 11,000-square-foot facility in North Brunswick that will serve as its permanent headquarters.

EDA reviewing tax credit awards to Teva, Norcross-linked firms

A state agency is looking into six companies that were awarded tax credits under New Jersey’s beleaguered incentive programs, including a global drug manufacturer and several firms with ties to George E. Norcross III, the powerful South Jersey Democratic leader.