Friday, March 6, 2020

NJEDA's Available Government & Business
Programs and Initiatives in Atlantic County

NJEDA has a variety of new programs and initiatives to assist small business, support development and redevelopment efforts, drive innovation, and strengthen the workforce. The event will be held on March 16, 2020 from 1:30 - 3:30 P.M. at Atlantic Cape Community College, Mays Landing, NJ. Their speakers will provide an overview of these new NJEDA initiatives and other resources available to the Atlantic County business community.

Small Business Access: $15m loan program targeted to minority, women, veteran, LGBT, immigrant owned biz. Small Business Lease Assistance Program (rent assistance for businesses in distressed communities.

Brownfield Loan Program: up to $5 million to potential brownfield site purchasers and current brownfield site owners for costs associated with brownfields site remediation.

21st Century Redevelopment Challenge: grants of up to $50,000 each to eligible redevelopment agencies, municipalities, or counties to create strategies to redevelop or regreen their stranded assets.

Enhanced Angel Tax Credit: increase from 10 percent to 20 percent of a qualified investment, with an additional five percent bonus available for investments in a business located in a qualified opportunity zone, low-income community, or a business that is certified as minority- or women-owned by the State.

NJ Ignite: grants that support rent of early stage technology and life science companies in New Jersey collaborative workspaces.

Small Business Bonding Readiness Training Program: in partnership with the NJ African American Chamber of Commerce.

Offshore Wind Technical Assistance Program: in development.

The Atlantic County Economic Alliance (ACEA) and Atlantic Cape Community College (ACCC) will work together to bring together municipal leaders, state legislative delegations, business leaders, in Atlantic County to present these programs with the goal of developing greater collaboration between NJEDA, ACCC, ACEA, and our county/municipal stakeholder
partners.

The event will also highlight local chambers, economic development organizations, Atlantic County and the Atlantic County Improvement Authority (ACIA).