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ARTICLE · 26 JANUARY 2022

Limited Funding Available For NJ Brownfields – NJEDA Brownfields Impact Fund

Riker, Danzig, Scherer, Hyland & Perretti
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The New Jersey Economic Development Authority ("NJEDA") announced that the new Brownfields Impact Fund opened for applications on January 20, 2022.

United StatesEnvironment
Holli B. Packer
Holli B. Packer

The New Jersey Economic Development Authority ("NJEDA") announced that the new Brownfields Impact Fund opened for applications on January 20, 2022.  This pilot program provides grant funding and low-interest loans to non-profit and public sector organizations, as well as low-interest loans to for-profit organizations to execute cleanup activities of underused, contaminated properties known as "brownfield sites" throughout the state. Specifically, the Brownfields Impact Fund dedicates $800,000 to address funding gaps to make the remediation phase of brownfield remediation projects financially viable. Yet, given the limited amount of funds available, those interested in obtaining funds should act quickly to take advantage of the new program.

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