TRENTON, NJ—The New Jersey EconomicDevelopment Authority has created a new Brownfields LoanProgram to provide low-interest financing to facilitate remediationof vacant or underutilized brownfields sites, paving the way forthese sites to be revitalized and put back to productive use. Theprogram is part of Governor Phil Murphy's effortsto drive targeted investments in underserved communities.
“Investing in communities is a pillar of our plan for a strongerand fairer New Jersey economy, and the brownfields loan program isa crucial tool we can use to build cleaner, safer communities wherebusinesses and families can thrive,” says GovernorMurphy. “Cleaning up contaminated sites and repurposingthem for productive use allows us to achieve our goals for economicgrowth while protecting our environment and minimizing sprawl.”
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