NJEDA Program expected to launch later this year

TRENTON, N.J. (April 21, 2023) – On Friday, April 28, 2023, the New Jersey Economic Development Authority (NJEDA) will issue an expressions of interest form for the New Jersey Indoor Amusement Park Grant Program for potential program applicants. The grant program, which the NJEDA Board approved in February, will support indoor amusement parks, arcades, and entertainment facilities that were hit hard during the COVID-19 pandemic.

WHAT:            The expressions of interest form will help determine level of interest and track interested parties. Once a potential applicant submits an expression of interest form, NJEDA staff will be in contact with the entity to discuss program specifics, eligibility requirements, and the program’s next steps. The expression of interest form is not an application, nor does it require approval. Applications for the NJ Indoor Amusement Park Grant Program are expected to launch later this year.

The grant program will offer one-time grants from $5,000 up to $150,000. For eligibility, venues must have opened on or before March 9, 2020, and demonstrate a financial need by reporting at least a 50 percent loss in indoor self-reported gross revenue from the 12-month period of April 2019. Businesses must be open and operating at the date of application.

WHERE:         The expressions of interest form can be found here.

WHEN:           Friday, April 28, 2023
9:00 a.m.

Information Courtesy of the NJEDA