On Thursday, Governor Murphy signed P.L. 2019, c. 214 establishing the “Innovation District Designation Program” to promote the development and redevelopment of an area in a manner that facilitates collaboration between government, higher education institutions, and private enterprise. Municipalities will be able to apply to the New Jersey Commission on Science, Innovation and Technology to designate all or part of the municipality as an innovation district. The law, which took effect August 8, 2019, also permits two or more municipalities to apply jointly to designate an area.
The Commission in consultation with the Department of Labor and Workforce Development, the Department of Community Affairs, and the New Jersey Economic Development Authority must first establish the criteria for the designation of innovation districts. Once developed the Commission and Department of Community Affairs will provide links on their website to the application form and procedure. The Commission will have 60 calendar days from the receipt of a completed application to approve, conditionally approve or deny the application.
In addition, the Commission in consultation with the Department of Community Affairs and the New Jersey Economic Development Authority must adopt guidance and standards for municipalities to promote innovation districts as places for businesses to locate. A municipality may advertise or otherwise use innovation district designation in accordance with the adopted guidance or standards.
Contact: Lori Buckelew, Senior Legislative Analyst, email@example.com, 609-695-3481, x112.