NJEDA Releases Historic Property Reinvestment Program Rules For Public Feedback

TRENTON, N.J. (December 9, 2021) – The New Jersey Economic Development Authority (NJEDA) today released for public feedback a draft rule proposal for the Historic Property Reinvestment Program, as established uander the New Jersey Economic Recovery Act of 2020 (ERA). The Historic Property Reinvestment Program is a $50 million competitive tax credit program to leverage the federal historic tax credit program to incentivize transformative rehabilitation projects of identified historic properties.

The program, which is capped at $300 million over six years, focuses on historic preservation as a component of community development. Awards of up to 40 percent of rehabilitation costs are available for qualified properties, up to a maximum of $4 million. Qualified properties in a Government Restricted Municipality or Qualified Incentive track may be eligible for up to 45 percent of rehabilitation costs, up to a maximum of $8 million.  Awards are scored on a competitive basis.

Members of the public are encouraged to review the preliminary rules and submit written feedback through an online form available on the Economic Recovery Act website. The NJEDA will also be hosting two listening sessions for public input on the draft rules.

“Governor Phil Murphy and the Legislature advanced the ERA with the goal of creating programs that prioritize equitable and inclusive development,” said NJEDA Chief Executive Officer Tim Sullivan. “The Historic Property Reinvestment program will do just that by ensuring that iconic New Jersey properties are renewed in a way that respects history while creating assets that support dynamic community development that enriches the lives of local residents.”

Draft Historic Property Reinvestment Program rules are available now for review here.

Members of the public can also provide input during the NJEDA’s public listening sessions, which are scheduled for the following times:

Members of the media interested in attending the session or submitting questions are asked to email .

In addition to the Historic Property Reinvestment Program, the ERA creates a suite of programs that includes tax credits to incentivize job creation, new construction, and revitalization of brownfield properties; financial resources for small businesses; support for new supermarkets and healthy food retailers in food desert communities; new funding opportunities for early-stage companies in New Jersey; and support for the growing film and digital media industry. The NJEDA will continue to engage the public as new programs and rules are developed.

For more information and to provide written input on the design and implementation of Economic Recovery Act programs, visit https://www.njeda.com/economicrecoveryact/.

About the New Jersey Economic Development Authority

The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

To learn more about NJEDA resources for businesses call NJEDA Customer Care at 609-858-6767 or visit https://www.njeda.com and follow @NewJerseyEDA on Facebook, Twitter, Instagram and LinkedIn.


Original Article: https://www.njeda.com/njeda-releases-historic-property-reinvestment-program-rules-for-public-feedback/

NJEDA Career Fair

DISCOVER a CAREER in construction!

Date & Time: Wednesday, December 15, 2021 from 4-7pm
Location: Mount Zion Baptist Church Hall, 437 Grieves Parkway, Salem NJ, 08079

A free event that provides an opportunity for students, parents, and residents to explore careers as a union carpenter, electrician, laborer, operating engineer, plumber & more!

Job Seekers

  • Free to attend.
  • Learn about job opportunities at the New Jersey Wind Port.
  • Meet trade union representatives who are filling spots in training programs that lead to high-paying jobs.
  • Parking available & NJTransit Bus 468 (Pennsgrove – Salem – Woodstown)

No need to register! Come out and learn how to get started.

FREE Pizza & Refreshments

NJEDA Career Fair - Wednesday, December 15, 2021 from 4-7pm

Off-Farm Labor Housing Technical Assistance Grants Program

Register for Upcoming Stakeholder Listening Sessions

USDA Rural Development (RD) Multi-Family Housing (MFH) will host stakeholder listening sessions on the Off-Farm Labor Housing (FLH) Technical Assistance (TA) Grants program. Under this program, private and public nonprofit grantees provide TA to organizations and groups qualified to apply for Section 514 Off-Farm Labor Housing loans and Section 516 Off-Farm Labor Housing grants. Stakeholders will be invited to provide feedback to agency staff on the program and how TA can expand opportunities for the development of Off-Farm Labor Housing.

Listening sessions will be held on Wednesday, November 3rd, and Wednesday, November 10th, 2021.

Participants may choose the session that is most convenient for their schedule. A meeting confirmation notice will be emailed to registrants.

Farm Labor Housing Technical Assistance Listening Session #1: Wednesday, November 3, 2021 @ 3:00PM to 4:00PM EDT https://attendee.gotowebinar.com/register/4157738767242501647

Farm Labor Housing Technical Assistance Listening Session #2: Wednesday, November 10, 2021 @ 2:00PM to 3:00PM EST https://attendee.gotowebinar.com/register/9056149930426691085

September 22 Free Webinar: How to Get Started in the Offshore Wind Supply Chain

Tomorrow! Free Webinar:
How To Get Started in the Offshore Wind Supply Chain

Date and Time:
Wednesday, September 22, 10 a.m. EDT

Register Here: https://us02web.zoom.us/webinar/register/WN_q0zKCKnKSTe-doAXKPDxFQ
There’s still time to register for tomorrow’s free webinar.

Entering emerging markets, like offshore wind, can be difficult and confusing. This webinar will help you understand the offshore wind supply chain, suppliers that are and should be a part of it, and how to get started using the registry, Supply Chain Connect. Recent updates to Supply Chain Connect have made the registry easier to use than ever and a highly effective way to raise your hand to get started in the industry.

Learn more about navigating the supply chain, the importance of this emerging industry, and how to get started – from the experts that support and depend on suppliers just like you.

The webinar takes place tomorrow, Wednesday, September 22 at 10 a.m. EDT. The event is free, but registration is required. This webinar is produced in partnership with the National Offshore Wind Research and Development Consortium (NOWRDC), National Renewable Energy Laboratory (NREL), and DNV as part of the project, 30 GW by 2030: Supply Chain Roadmap for Offshore Wind in the U.S.

September 24 Chamber Internet Safety Seminar Via Zoom

Date & Time: September 24 8:15 am – 9:45 am
FREE
Login information below

Salem County Chamber of Commerce
856-351-2245
www.SalemCountyChamber.com

Presented by Larry McKee, Director of Internet Technology, Salem Community College

We are facing greater threats than ever before relative to cyber-attacks, both at work and at home. Join us for a walkthrough of how you are the most important component of cybersecurity.

Larry will provide an overview of common threats, as well as best practices to help avoid falling victim to cyber criminals.

This workshop is free for you and your staff thanks to a grant from Atlantic City Electric. Please RSVP by calling 351-2245 or emailing

This event is at no cost courtesy of our grant from Atlantic City Electric, it is open to you and your staff.

As always, this workshop is open to your Staff, so feel free to pass along.

Topic: Internet Safety Seminar with Larry McKee, Director of IT, Salem Community College
Time: Sep 24, 2021 08:00 AM Eastern Time (US and Canada)

Join Zoom Meeting: https://us02web.zoom.us/j/85874013354
Meeting ID: 858 7401 3354
Passcode: 927780

September 24 Chamber Internet Safety Seminar Via Zoom

Invest: South Jersey 2021 Official Virtual Launch Conference

When: September 23, 2021
Time: 11:00am – 1:00pm
Where: Zoom Webinar

We are proud to announce our speaker introductions:

Clear vision: How South Jersey’s counties are working towards building a strong economy presents:

  • Steven Poulathas
  • Gerard Velazquez III
  • Ben Laury
  • Lauren Moore
  • Leonardo Desiderio

Opportunity on the horizon: Exploring the future of real estate in South Jersey Presents:

  • Louis Lombardi
  • Joseph Maressa
  • Chris Willhelm
  • Itay Ron

Financial Future: What does the new landscape mean for South Jersey financial institutions? Presents:

  • Vincent D’Alessandro
  • Denise Monahan
  • Albert Fox
  • Rob Curley
  • Brian Jones

Register Toady!
Please use this link to register:
 https://zoom.us/webinar/register/4716300094062/WN_p-J0KIpLTeemrEyF3pKBIA
Email us at:  to RSVP!

2021 Official Virtual Launch Conference