The Economic Development Association of NJ (EDANJ) and other interested industrial development organizations in New Jersey recently  sent suggestions to Caren Franzini and the New Jersey  Economic Development Authority on ways to improve the Hazardous Discharge Site Remediation Fund and the state’s Brownfield Reimbursement Fund.  Suggested are  ways to reform the criteria and process for incentivizing brownfield cleanups and redevelopment in the Garden State.  By following the recommendations, NJ should be able to revitalize the HDSRF to ensure a workable, accountable, and sustainable funding program.   EDANJ will keep you updated on any response to the letter, formation of a stakeholder process for which we volunteered our service, or any other progress on the Fund and the reimbursement program.

The NJDEP, in an effort to help municipalities, will implement the Site Remediation Reform Act (SRRA). It affects sites that a municipality involuntarily acquires, or where a municipality acquires property by any means for the purpose of promoting redevelopment, they will be exempt from joint and several liabilities under the state’s “Spill Act.” 

RTM’s Sustainable Property Transactions Conference is being held May 1-3, 2012 in Cambridge, MA.  May 1, 2012 features a panel on State Brownfield Laws and Licensed Site Professional Programs, including New Jersey’s.  Visit the RTM Website for the conference details!