EDA aiming to open up paths for businesses

Document Sample
EDA aiming to open up paths for businesses Powered By Docstoc
					                                                                                                                                                                                                     Source: www.recovery.nj.gov
 Funding opportunities                                                              Federal Stimulus   N.J. Share        Highlight
 Army Corps of Engineers                                                                 $2B            Unknown         Projects must be shovel-ready.
 Brownfields Investigation and Cleanup Grants                                            $100M          Unknown         Criteria currently being established.
 Clean Water State Revolving Fund                                                        $4B            $161.39M        Will create 6,000 jobs.
 Diesel Emissions Reductions                                                             $507M          $19.73M         Retrofit construction equipment, upgrade port trucks.
 Drinking Water State Revolving Fund                                                     $2B            $43.5M          Priority for projects ready to start before Feb. 17, 2010.
 Energy Efficiency and Conservation Block Grants                                         $3.2B          $73M            State awaiting guidance on program timetables.
 Federal Water Quality Management Planning Grants                                        $39.4M         $1.6M           Projects must be under contract by Feb. 17, 2010.
 Hazardous Substance Superfund                                                           $600M          Unknown         EPA to announce list of sites to receive funding May 1.
 Health Information Technology                                                           $19B           Unknown         Grants, loans, technical assistance for hospitals, etc.
 Leaking Underground Storage Tanks Trust Fund                                            $200M          $4.82M          A 400 percent increase above normal annual allocation.
 National Oceanic and Atmospheric Administration                                         $170M          Unknown         Priority for projects starting within 90 days of award.
 State Energy Program                                                                    $3.1B          $73.64M         State awaiting guidance from federal energy department.
 NJ Transit Project List                                                                 N/A            $423M           Will fund 16 projects, including trans-Hudson rail tunnel.
 New Jersey DOT Project List                                                             N/A            $469M           Will fund 40 projects, which must be finalized in 120 days.
 Wildfire Hazard Reduction                                                               $500M          Unknown         State Forestry Services has filed 35 proposals for $8.5 million.




                                                                                                                                     EDA aiming to
                The                                                                                                                  open up paths
           Business                                                                                                                  for businesses
                                                                                                                                                       BY SHANKAR P.



               Bank
                                                                                                                                     THE STATE’S ECONOMIC Development Author-
                                                                                                                                     ity will not directly handle any stimulus funds, but
                                                                                                                                     will work to make new opportunities for business-
                                                                                                                                     es, said Caren Franzini, its chief executive.



                  Of
                                                                                                                                           Franzini said EDA’s role will play out in a few
                                                                                                                                     areas as stimulus programs get under way.
                                                                                                                                           The Department of Environmental Protec-
                                                                                                                                     tion traditionally has issued tax-exempt bonds to



                 New
                                                                                                                                     support manufacturing businesses, but the stim-
                                                                                                                                     ulus act expands the definition of the word “man-
                                                                                                                                     ufacturing” to include firms in technology, med-
                                                                                                                                     ical devices, life sciences and research, she said.



                Jersey.
                                                                                                                                           That redefinition “really helps companies
                                                                                                                                     in New Jersey, where we have a large number of
                                                                                                                                     life sciences companies,” Franzini said. The
                                                                                                                                     change will be in effect until 2011; “hopefully,
                                                                                                                                     we’ll get them to keep it beyond th
				
DOCUMENT INFO
Description: The Department of Environmental Protection traditionally has issued tax-exempt bonds to support manufacturing businesses, but the stimulus act expands the definition of the word "manufacturing" to include firms in technology, medical devices, life sciences and research, she said.
BUY THIS DOCUMENT NOW PRICE: $6.95 100% MONEY BACK GUARANTEED
PARTNER ProQuest LLC
ProQuest creates specialized information resources and technologies that propel successful research, discovery, and lifelong learning.