Recent Regulations and Resources

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Commercial Economic Redevelopment and Growth (ERG) Program

Updated:
July 28, 2021

The Commercial ERG Program is an incentive for developers and businesses to address project financing gaps, which include below market development margins or rates of return in development or redevelopment projects.

  • Benefits: Incentive grant reimbursement of up to 40 percent of total eligible project costs.
  • Eligibility: Projects that are predominantly commercial and contain 100,000 or more square feet of retail, office, and/or industrial uses for purchase or lease.
  • Learn more about the program.

Source:

NJEDA