The New Jersey Economic Development Authority (NJEDA) announced opening the application for its Activation, Revitalization, and Transformation (ART) Program June 8.
The $10 million pilot, which offers one-time grant opportunities for projects in urban areas impacted by the pandemic, is designed to increase foot traffic and catalytic development. It is funded through the American Rescue Plan.
The ART Program aims to mitigate the pandemic-related economic disruption in these municipalities, which are seeing a reduction of commuter foot traffic, through the creation of two programs: one for Real Estate Rehabilitation and Development projects; and another for arts-based initiatives aimed at engaging public audiences and local communities.
The first round of funding is for projects in Atlantic City and Newark.
Applications are due by 5 p.m. Aug. 22.
On June 14, at 1 p.m., the NJEDA will hold a virtual information session, including a walk-through of the application process. The agency will also host in-person events in Atlantic City and Newark in the coming weeks for potential applications and other stakeholders to learn more about the program.
Full details on ART can be found here.