EDA seeks public feedback on Aspire program

The New Jersey Economic Development Authority is seeking public input on a revised set of rules for the Aspire program, a gap financing tool to support commercial, mixed-use and residential real estate development projects.

The current draft of the Aspire program rules incorporates feedback collected during a public comment process that took place earlier this year. Members of the public are encouraged to review the draft posted Wednesday. Any feedback must be submitted in writing through the designated online portal. (Do it here.)

The EDA will be accepting comments until 3 p.m. Oct. 28.

The document posted Wednesday is a draft of the Aspire program rule amendments, which will be presented to the NJEDA board, with any final edits, for its review and consideration for approval. If approved, the document will be published for the formal public comment period, as designated by the Administrative Procedure Act.

The Aspire program was created as part of the New Jersey Economic Recovery Act of 2020.