The application window for the Brownfield Redevelopment Incentive has closed. Please visit https://www.njeda.gov/brownfield-redevelopment-incentive/ for additional information.
The Brownfields Redevelopment Incentive Program (BRIP) targets brownfield redevelopment as a component of community development. This program offers a one-time tax credit to developers who complete a cleanup of a brownfield site.
Awards for this competitive program are calculated based on a percentage of the cost of remediation (eligible costs), with the percentage dependent on the location of the project. Fifty percent of costs will be covered on typical sites up to a maximum of $4 million. The program provides enhanced benefits of 60 percent of remediation costs up to a cap of $8 million, for sites located in Government Restricted Municipalities (e.g., Atlantic City, Paterson, and Trenton) and Qualified Incentive Tracts. A mapping tool is available here to assist with determining if the project site is located within a Qualified Incentive Tract or in Government Restricted Municipalities.
Proposed projects may be “remediation-only” projects. Alternatively, proposed projects may include construction work beyond just remediation (for example, if the redevelopment project includes construction financed together with remediation) however only eligible remediation work will be eligible for the BRIP. For this type of redevelopment project, the developer will be required to submit additional documentation to the Authority at the conclusion of the construction phase.
Project cost terms relevant to the program and the application, and additional definitions are included in the proposed rules for BRIP at N.J.A.C. 19:31-27.2.
It is HIGHLY RECOMMENDED that applicants use the eligibility tool prior to starting the application. The applicant should also review all eligibility criteria and only proceed with the application if these eligibility criteria can be met with the proposed project. The Chief Executive Officer (CEO or equivalent) is required to provide certifications in this application.
The full application requires detailed information and supporting documentation about your organization, affiliates, and the proposed project in which you are applying for tax credits. Please be advised that the application fee is non-refundable.
The application fee depends on the Total Cost of Remediation for the proposed project:
- $2,000 for-projects with Total Cost of Remediation of $5M or less
- $7,000 for projects with Total Cost of Remediation greater than $5M
Progress on the application can be saved as you complete each section. You will not be able to proceed further into the application without completing all required fields and uploads within the current section. At all times, you will be able to go back to sections that you have already completed. This full application will take several hours to complete. Please read the prompts to questions carefully and provide professionally written responses that address all details requested in the questions in the suggested length of text.
WARNING: You may revise and save your draft application multiple times. However, once you hit submit, it is final, and cannot be changed.
It is HIGHLY RECOMMENDED that you download a copy of the example application at https://www.njeda.com/brownfield-redevelopment-incentive and collect written responses and required documents prior to filling them in on this online form.
For fields where uploaded information is requested in the application (e.g. Reports, photographs, forms, or maps), only files will be accepted. The following file formats will be accepted: doc/docx, XLS/XLSX, pdf, jpeg, png, gif, txt. Hyperlinks will not be accepted or opened by the review team.
It is also HIGHLY RECOMMENDED to use file naming conventions that facilitate rapid application completeness review.
Uploaded file names should:
• Accurately describe file contents and application element; and
• Denote date modified or file version number
If you have any questions please contact the Brownfields and Sustainable Systems team at email@example.com. However, EDA staff will not be able to provide project-specific guidance during an open competition.
The BRIP is a competitive program and all applications submitted will be evaluated based on pre-established evaluation criteria which will be used to allocate tax credits in circumstances where the request for tax credits exceed the annual maximum cap established by the statute. The applicant is strongly encouraged to carefully review the entirety of the application and all attachments prior to submission, as no changes or additions will be permitted once the application is submitted.
The application fee is due at time of application. Application fees are not refundable.