NJEDA Announces Nine Awardees of $400,000 in Asset Activation Planning Grants

The New Jersey Economic Development Authority (NJEDA) recently announced the nine awardees of the New Jersey Asset Activation Planning Grant Program who will receive a combined total of $407,800 in grants. The program is used to provide grants to communities to fund projects aimed towards helping the community and finding uses for vacant space.

It was also announced that Phase II of the program will open on Aug. 15, 2023 and will be accepted until Nov. 13, 2023 or grant funds are exhausted. The program offers grants up to $50,000 for projects that benefit the citizens and promote community growth.

“Under Governor Murphy’s leadership, New Jersey is taking concrete steps to transform the state’s distressed and abandoned properties,” said NJEDA Chief Executive Officer Tim Sullivan. “The grants awarded today will position the recipients to revitalize underutilized public assets, which will create greater economic growth and opportunity in these communities. With the launch of the second phase of this program, the NJEDA will be able to support the transformation of properties in even more communities across the state.”

Listed below are the nine awardees and the amount of money they received.

  • City of Atlantic City – $50,000
  • Borough of Penns Grove – $50,000
  • Camden Special Services District (CSSD) – $50,000
  • Financial Wellness Institute – $50,000
  • LTD Unlimited – $49,800
  • Mount Holly Township – $11,000
  • RyArMo Photography Studio LLC – $50,000
  • The Meadowlands 2040 Foundation, Inc. – $50,000
  • Trenton Parking Authority – $47,000