The Council of Development Finance Agencies (CDFA) and the New York State Economic Development Council (NYSEDC) are pleased to announce the launch of a new partnership to advance the CDFA New York/New Jersey Financing Roundtable.

Three state entities recently proposed an Energy Resiliency Bank for New Jersey. The bank, capitalized with $200M in expected federal Hurricane Sandy aid, would provide funding for critical facilities to operate when a storm knocks out the power grid.

Area Development reports this partial listing of economic development, access to capital, and tax credit programs available in New Jersey for 2014.

New Jersey recently awarded 24 tax credits to projects throughout the state. The credits were recently redesigned in order to spur additional business investment and job growth.

After a threat from state legislators, $220M in funding administered by NYSERDA is safe for investment in energy efficiency programs, solar panels and clean energy businesses in New York.

The Metropolitan Transportation Authority (MTA), the Port Authority of New York and New Jersey (PANYNJ) and the Moynihan Station Development Corporation (MSDC) have developed a coordinated resiliency program. The plan, which will help prepare the region for future emergencies, includes significant investments in infrastructure.

New York's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. This is a partial listing from Area Development of programs available for 2014.

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This 2013 annual review from New York City Economic Development Corporation (NYCEDC) highlights recent accomplishments and job growth, and offers project spotlights and strategies for the EDC to continue its mission in the city.

Together North Jersey released the final report for the "Urban Essex Coalition for Smart Growth" Local Demonstration Project. The Urban Essex Coalition for Smart Growth emerged from a pilot project (The Inner M&E Strategic Corridor Plan) for the Together North Jersey Local Demonstration Project Program spanning between the municipalities of Newark, East Orange and Orange.

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