Grant

January 31 - February 4, 2021

EDA announced 18 investments from January 31-February 4, 2022, totaling $3,660,500, which is matched by $1,857,625 in local investments. These investments include the following: (1) $160,000 in one Economic Adjustment Assistance project to help communities design and implement strategies to adjust or bring about change to their economy in response to structural damage to their underlying economic base; and (2) $3,500,500 in 17 Partnership Planning projects to support the development and implementation of the Comprehensive Economic Development Strategy process.

  • $160,000 in one Economic Adjustment Assistance project, matched by $40,000 in local investment, as follows:
    • $160,000 in Assistance to Nuclear Closure Communities, matched by $40,000 in local investment, to Lacey Township, Forked River/Ocean County, New Jersey, to support the establishment of the Nuclear Closure Community Economic Development Plan for Lacey Township in Forked River, New Jersey. The project will consider and plan for recovery and resilience from the economic loss of the local nuclear generating station, document the cost-benefit for investments in infrastructure to support new business growth, and project and plan for needed workforce development. The primary target for exploration will be the redevelopment of the former Oyster Creek Nuclear Generation Site, which encompasses over 800 acres and represents the largest tract of land open for redevelopment in the Township. The plan includes hiring and working with a consultant to study opportunities to diversify the local economy, to create new job opportunities and leverage private sector investment in the area. Once completed, the plan will be a roadmap for economic recovery and diversification, which will help strengthen the regional economy.
  • $3,500,500 in 17 Partnership Planning projects, matched by $1,817,625 in local investments, to support the development and implementation of a comprehensive economic development strategy (CEDS). The CEDS process is designed to bring together the public and private sectors in the creation of an economic development roadmap to diversify and strengthen the regional economy.