16A — January 31 - February 13, 2014 — Economic Development — Mid Atlantic Real Estate Journal
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E conomic D evelopment
New Jersey EDA promotes sound economy
Promoting sound economic development policies PEDA fosters the economic health of the Commonwealth
If you are a business in need of financing to grow in New Jersey, a not-for-profit organization seeking capital to expand community ser- vices, a municipality looking to attract a major corporation within your boundaries, or a developer requiring funds for a major redevelopment project, the New Jersey Eco- nomic Development Author- ity (EDA) is ready to put its resources to work for you. With our large portfolio of varied programs and services, the EDA can assist you with access to capital, including tax-exempt and taxable bond financing, loans, loan guar- antees, and business and tax incentives. The mission of the EDA is to strengthen New Jersey’s economy by retain- ing and growing businesses through financial assistance, by renewing communities, and by promoting the State’s strategic advantages. The EDAcreates public/pri- vate partnerships to bridge financing gaps and to in-
T
he Pennsylvania Eco- nomic Development Association (PEDA) is
in Pennsylvania to share best practices and experiences that enhance the professional dia- logue. This active engagement ensures that Pennsylvania can continue to aggressively posi- tion itself to retain, grow and attract businesses and jobs to the Commonwealth. Professional Development Economic Development is a broad and diverse field requir- ing many areas of expertise. In addition to our two annual conferences, PEDAcollaborates with the Pennsylvania Eco- nomic Development Institute, its continuing education arm, to offer seminars, workshops and other educational oppor- tunities for economic develop- ment professionals and their partners seeking to enhance their professional knowledge and expertise. PEDA also strives to provide educational programs that are relevant to our economic development partners in local government and business and partners with other statewide and national organizations to expand economic development training opportunities. For more information about PEDA, please visit our website at: www.peda.org n
crease access to capital by the State’s business community with an emphasis on small and mid-size businesses and not-for-profit organizations. It supports entrepreneurial development through access to training and mentoring programs. It undertakes real estate development projects important to the State’s eco- nomic growth that will cre- ate new jobs and business opportunities and support community development and revitalization. With years of experience and a record of success, meet the executive team that guides the New Jersey Eco- nomic Development Author- ity (EDA) in being a catalyst for creating jobs and promot- ing economic growth in the State. For more information con- tact njeda@njeda.com n sessment and/or site inves- tigation on or before May 7, 1999 pursuant to the ISRA rules, the UST rules, an Ad- ministrative or Court Order, a RemediationAgreement, or a Spill Act Directive. On January 21, 2014, Gov- ernor Christie signed S-3075, a bill that extends the May 7, 2014 deadline for completing remedial investigations for 2 years. To obtain an exten- sion the responsible party must submit a completed application to the Depart- ment by March 7, 2014. For sites without a Remediation Funding Source (RFS), an RFS must be established by March 7, 2014 in the amount required to complete the remedial investigation. In addition, the responsible party must certify that it has retained a Licensed Site Re- mediation Professional and is in compliance with applicable remediation timeframes and other requirements. In light of the March 7, 2014 application deadline, re- sponsible parties that require an extension should obtain a copy of the application as soon as it is available from the Department and begin the application process. n
the statewide association of local, state, corporate and non- profit economic development professionals. PEDA’s mission is to promote sound economic development policies, provide leading-edge economic development educa- tion and nurture an effective statewide economic develop- ment network to foster the economic health of the Com- monwealth. PEDA’s Membership is com- prised of county and regional economic developers, state gov- ernment economic development employees, utility and trans- portation executives, industrial development authority direc- tors, operators of industrial and technology incubators, chamber of commerce executives, mu- nicipal directors of community and economic development, engineering and construction executives, economic develop- ment finance professionals, commercial and industrial de- velopers, and local, county, and state elected officials. PEDA welcomes individual economic development profes- sionals and organizations, The Maryland Economic De- velopmentAssociation (MEDA) enhances the knowledge and skills of its members and en- courages partnerships and networking among those com- mitted to bringing jobs and investment to Maryland. About MEDA MEDA is a nonprofit organi- zation of economic development professionals. Established in 1961, MEDA members pro- mote the economic well being of Maryland by working to improve the states business cli- mate and the professionalism of those in the field of economic development. The MEDA membership in- cludes economic development practitioners employed by gov- ernment, business, chambers of commerce and other profession- als with an interest in the econ- omy of Maryland. Through its regular meetings, special pro- grams and projects, members address such diverse issues as local planning, workforce, transportation, international trade, tourism and finance. The MEDA Membership Committee, chaired by Danny
allied professional organiza- tions, and public officials as Members. Networking PEDA membership provides access to an extensive and var- ied professional resource and legislative network. With al- most 400 Members, the diverse field of economic development is broadly represented across Pennsylvania. As the primary statewide organization representing eco- nomic development profession- als, PEDA provides limitless opportunities to engage in dialogue that supports local, regional and state economic development initiatives. PEDAprovides opportunities at our two annual conferences for economic development pro- fessionals and organizations
Gov. Christie signs bill to extend deadline for environmental investigations
NEWJERSEY –Under the Site Remediation ReformAct (N.J.S.A. 58:10C-1 et seq.),
The Maryland Economic Development Association enhances the knowledge and skills of its members
the New Jer- sey Depart- ment of En- vironmental Protect i on must under- take direct o v e r s i g h t o f c e r t a i n contaminated sites when the
Gov. Christie
responsible party has failed to complete a “remedial in- vestigation” on or before May 7, 2014. Direct oversight is an enforcement status that transfers control of site reme- diation from the responsible party to the Department and results in increased costs and requirements. In this status, it is the Department and not the responsible party or its LSRP that selects the remedial option to be imple- mented. This May 7 deadline applies to: All contaminated areas of concern (AOCs) at a site that were identified on or before May 7, 1999, and All AOCs at a site that should have been identified based on the obligation to complete a preliminary as-
Thompson and Anita Jackson, acts as a liaison between mem- bers and the board of directors. The Membership Committee also introduces new members to the organization. MEDA memb e r s wo r k throughout the state and share the common goal of improving the state’s business climate. Members come from several diverse groups: Private sector professionals with an interest in economic development. State officials involved in economic development, work-
force development, community development, land planning, minority business, the environ- ment, and other key areas. Local public sector employees involved in economic develop- ment programs in counties and municipalities. Other members include na- tional and international eco- nomic development leaders, transportation leaders, busi- ness consultants, and educa- tors. For more information about MEDA, please visit their web- site at: www.medamd.com n
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