Coalition of State Agencies, Municipalities Vie for $5 Million in Federal Funds to Remediate Brownfield Sites.Business Editors TRENTON, N.J.--(BUSINESS WIRE)--March 11, 2003 Eleven New Jersey municipalities and four state agencies have formed a coalition to seek $5 million in federal funds to establish a new Brownfields Revolving Loan Program to remediate brownfield properties. The U.S. Environmental Protection Agency Environmental Protection Agency (EPA), independent agency of the U.S. government, with headquarters in Washington, D.C. It was established in 1970 to reduce and control air and water pollution, noise pollution, and radiation and to ensure the safe handling and (EPA EPA eicosapentaenoic acid. EPA abbr. eicosapentaenoic acid EPA, n.pr See acid, eicosapentaenoic. EPA, n. ) has approved an initial proposal and invited the coalition to submit more detailed information. The proposal is a joint effort of the New Jersey Economic Development Authority The New Jersey Economic Development Authority (EDA) is an independent, quasi-governmental self-supporting entity in the U.S. state of New Jersey dedicated to broadening and expanding the state's economic base. (EDA), the New Jersey Department of Environmental Protection The New Jersey Department of Environmental Protection (NJDEP) is a government agency in the U.S. state of New Jersey that is responsible for managing the state's natural resources and addressing issues related to pollution. NJDEP now has a staff of approximately 3,400. (DEP), the New Jersey Department of Community Affairs The New Jersey Department of Community Affairs is a governmental agency of the U.S. state of New Jersey. Governor Jon Corzine nominated Joseph Doria as Commissioner of the New Jersey Department of Community Affairs (DCA), replacing Susan Bass Levin, a nomination that must be (DCA (1) (Document Content Architecture) IBM file formats for text documents. DCA/RFT (Revisable-Form Text) is the primary format and can be edited. DCA/FFT (Final-Form Text) has been formatted for a particular output device and cannot be changed. ) Office of Smart Growth and the New Jersey Redevelopment Authority (NJRA NJRA New Jersey Restaurant Association ). Participating municipalities include Asbury Park, Camden, Elizabeth, Long Branch, Neptune Township, New Brunswick, Paterson, Perth Amboy, Plainfield, Pleasantville and Vineland. The EPA will review the additional documentation requested of the coalition and is expected to make a final decision on the application in the spring as part of a competitive process. If federal funding is approved, the municipalities will have an opportunity to apply for remediation funding for brownfield sites in their communities that are part of an overall redevelopment plan and have local community support, said Caren S. Franzini, executive director of the EDA, which will administer the new funds. "Community input is an important element in the redevelopment process," she said. "It is anticipated that this fund will provide gap financing and enhance Gov. McGreevey's proposed restructuring of the way New Jersey addresses brownfield redevelopment. It will complement ongoing efforts to bring a "one-stop financing" approach to the remediation of New Jersey's brownfield sites through the EDA, in coordination with the DEP and DCA, " she said. The EDA was established in 1974 to promote economic growth and create jobs. It has arranged more than $15 billion in financing since its inception. For more information about the Brownfields Revolving Loan application, contact the the EDA at (609) 341-2723 or by e-mail at brownfields@njeda.com, or visit the EDA's website at www.njeda.com. |
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