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Nuts and Bolts of New Jersey’s New Brownfield Tax Incentives and Loan Program

24 Mar 2021 2:39 PM | Anonymous member (Administrator)

BCONE’s March 4, 2021 Virtual Webinar

By Beverly Entin, BCONE

Do you have a redevelopment project and need assistance to help fill the financial funding gap? If so, New Jersey’s  new Brownfield Loan Program might be able to help, but you’ll need to hurry since applications to the New Jersey Economic Development Agency (NJEDA) must be filed by April 13, 2021.

We hope you didn’t miss our informative program on the Brownfield Loan Program and Brownfields Redevelopment Incentive Program Act on March 4th. We were honored to have Elizabeth Limbrick and Paul Ceppi as speakers from the NJEDA, the agency responsible for implementing these programs.

Attendees learned about the availability of loans amounting from $100,000 to $5 million dollars for certain projects. This is a competitive application process based on various scoring criteria. You can find guidance on what you need to develop a successful application directly at www.NJEDA.com/BFLoans.

We also learned about fifteen (15) new programs that are being developed under the Economic Recovery Act. Programs focus on tax incentives, financing and grant programs with the goal of building a stronger economy in New Jersey. Public comments are currently being accepted on the draft regulations which provides you with an opportunity to provide your input on the proposed process.

BCONE would like to thank our speakers Elizabeth Limbrick and Paul Ceppi for sharing their insight and knowledge with our attendees. We’d also like to thank our moderators Alan Miller from the New Jersey Department of Environmental Protection (NJDEP) as well as Dennis Toft and Rob Crespi who are both from Chiesa Shahinian & Giantomasi (CSG). A special thank you to our event sponsors, Peak Environmental and CSG.

We welcome you to share your comments, thoughts and views at BCONE’s events throughout the year. Please remember to check our website for updated announcements,  webinars, conferences, opportunities to network (e.g.,  hikes, tours, wine tastings), and to support the Charlie Bartsch Scholarship Fund. 

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Brownfield Coalition of the Northeast is a nonprofit organization 501(C)(3) and all gifts are tax deductible to the extent allowed by law.
Every contributor to our Organization is recommended to consult their tax advisor for further information.

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