Government & Public Policy
Lions Gate awarded EDA ‘Studio Partner’ designation, boosting tax credit eligibility

Lions Gate Films Inc. has secured a key designation by the state Economic Development Authority, allowing it to secure additional incentives in connection with a sprawling studio complex that’s now under construction in Newark.

Government & Public Policy
Jersey City: Loew’s Theatre restoration lands $42 million tax credit to kick off EDA program

The state has awarded more than $42 million in tax credits to a plan to restore an iconic theater in Jersey City, the first approval under the new Historic Property Reinvestment Program.

Government & Public Policy
Netflix studio hub at Fort Monmouth closer to reality, emerges as top bid for 300-acre site

Netflix has taken a major step toward building a sprawling production studio in New Jersey, emerging as the preferred bidder for some 300 acres at the iconic Fort Monmouth property.

Government & Public Policy
EDA releases details on brownfields redevelopment subsidy, seeking public feedback

The state Economic Development Authority has released new details of a $300 million tax credit program designed to compensate developers in connection with projects that clean up and redevelop brownfield sites.

Government & Public Policy
EDA details $400,000 grant program to help revitalize vacant, underused public sites

The state Economic Development Authority is now accepting applications for a program that could help breathe new life into vacant and underutilized public assets.

Residential & Mixed Use
Camden leaders focused on new housing, population growth after years of large corporate projects

After years of high-profile public and corporate development projects, Camden city officials say new housing is key to convincing the thousands of employees who now come to work in the city each day to also live there.

Government & Public Policy
EDA extends deadline for RFI on fund for minority, women-owned developers

The state Economic Development Authority has extended the deadline for responses to its recent call for input from minority- and women-owned development firms, in what it sees as a first step toward funding a program to help improve diversity in the real estate industry.

Government & Public Policy
EDA issues call for information to help launch fund for minority, women-owned developers

The state’s Economic Development Authority is seeking input from minority- and women-owned development firms, as it lays the groundwork for a $20 million funding program to help improve diversity in the real estate industry.

Government & Public Policy
Steadman retiring as FMERA executive director, with Kopach set to take the helm

The state agency that guides redevelopment of the iconic 1,100-acre Fort Monmouth property will soon have its first new leader in more than a decade.

Featured
Applications underway for Aspire, a program poised to spur large-scale urban development

The New Jersey Economic Development Authority is now accepting applications for Aspire, an aggressive tax credit program that was designed to encourage redevelopment projects using incentive awards to reimburse developers for certain project financing gap costs. With high costs of construction and mandates at the municipal level related to affordable housing requirements as part of market-rate development projects, the need for a gap financing tool is critical and welcomed by those trying to operate in a tight market.