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NJEDA awards $12.7M for Paterson, Passaic revitalization efforts

Summary by NJBIZ
Officials this week gathered in Paterson as the New Jersey Economic Development Authority announced two grants through its Urban Investment Fund (UIF) Grant Program. Established last March, the initiative aims to revitalize key commercial corridor areas and real estate projects located in eligible municipalities. The NJEDA awarded a total of $12.7 million in grants to the cities of Paterson and Passaic. The funding is aimed at supporting several…
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NJEDA awards $12.7M for Paterson, Passaic revitalization efforts

Officials this week gathered in Paterson as the New Jersey Economic Development Authority announced two grants through its Urban Investment Fund (UIF) Grant Program. Established last March, the initiative aims to revitalize key commercial corridor areas and real estate projects located in eligible municipalities. The NJEDA awarded a total of $12.7 million in grants to the cities of Paterson and Passaic. The funding is aimed at supporting several…

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NJBIZ broke the news in on Thursday, March 27, 2025.
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