Byline: Linda Lindner
The New Jersey Economic Development Authority (NJEDA) board of directors on Thursday approved a memorandum of understanding (MOU) with the New Jersey Institute of Technology (NJIT) to establish the NJ Brownfields Center at NJIT.
The Brownfields Center will provide a variety of technical assistance and resources to assist communities in the state with the process of transforming brownfield sites into community assets.
"Returning contaminated sites to productive use is an essential component of Governor Murphy's commitment to building stronger, more vibrant communities across New Jersey," said NJEDA Chief Executive Officer Tim Sullivan. "NJIT has an impressive history of helping communities successfully take on transformative redevelopment projects. We are excited to work with them and our partners at the municipal level to make New Jersey a safer, healthier place to live and work."
To facilitate brownfields redevelopment, Gov. Phil Murphy has proposed a new set of programs, including a remediation and redevelopment tax credit, as well as an enhanced brownfields loan program through the NJEDA.
In addition to these proposed programs, in...