Browsing articles in "Redevelopment"

2014 Summit Summary of Rountable Discussions

Sep 8, 2014   //   by PlanSmart NJ   //   2014 NJ Regional Planning Summit, Changing Economy, Changing Land Use, Economic Development, Infrastructure, Municipal Government, New Jersey, NJ, Policy, Redevelopment, Speaks Out Blog  //  Comments Off on 2014 Summit Summary of Rountable Discussions

14505884422_e6e96b9430_zFollowing our morning keynote presentation and response panels, Summit attendees were invited to discuss a series of questions in small groups at their tables over lunch. The many interesting observations recorded will guide our research in the coming year.

All tables agreed that New Jersey’s regulatory system and infrastructure funding is in a crisis, and needs to change to respond to the demands of a new economy and a changing climate.

There were recurring themes in identifying the most pressing problems: Read more >>

“Moving Forward: The Challenge of the Future”

Sep 8, 2014   //   by PlanSmart NJ   //   2014 NJ Regional Planning Summit, Changing Economy, Changing Land Use, Economic Development, Infrastructure, New Jersey, NJ, Opinion, PlanSmart NJ, Policy, Redevelopment, Speaks Out Blog  //  Comments Off on “Moving Forward: The Challenge of the Future”

innovation_economics_book-cover2-196x300Ezell PhotoSummary of Afternoon Keynote: Stephen Ezell, Senior Analyst

Powerpoint available here.

Stephen Ezell is a Senior Analyst with the Information Technology and Innovation Foundation (ITIF), a Washington, D.C.-based technology and economic policy think tank, where he focuses on science, technology, and innovation policy as well as international competitiveness, trade, and manufacturing issues. He is the co-author with Dr. Robert Atkinson of Innovation Economics: The Race for Global Advantage (http://www.innovationeconomics.org).

Innovation economics is a new field that challenges neo-classical economic theories in which economics is about allocating resources, by claiming that society, i.e. government policy, can improve “dynamic efficiency” through public-private partnerships to drive sustainable economic growth. Key systems supporting an Innovation Economy are Technology, Talent, Tax, and Trade. Read more >>

A Changing Economy Demands Changing Land Use

Jul 24, 2014   //   by PlanSmart NJ   //   2014 NJ Regional Planning Summit, Changing Economy, Changing Land Use, Economic Development, Housing Demand, Jeff Otteau, NJ, PlanSmart NJ, Policy, Redevelopment, Speaks Out Blog  //  Comments Off on A Changing Economy Demands Changing Land Use

Summary of Remarks by Jeffrey G. Otteau President, Otteau Valuation Group, East Brunswick, NJ

PlanSmart NJ “Changing Economy, Changing Land Use” Regional Planning Summit, June 13, 2014

JefferyOtteauMr. Otteau opened the Regional Planning Summit with remarks addressing the challenges and opportunities present in today’s real estate markets. Mr. Otteau has been actively engaged in real estate consultation and valuation since 1974. His practice is concentrated in providing project feasibility, market analysis, redevelopment guidance, and valuation analysis to developers, financial institutions, governmental entities, and investors. Frequently quoted in the New York Times and Wall Street Journal, and having made television appearances on CNBC, Bloomberg and NBC News, Mr. Otteau is widely respected for his knowledge and insight into real estate trends. His attention to detail and comprehensive fact finding has made him the go-to person for industry professionals seeking to enhance their competitive position in the marketplace.

Read more >>

Opinion: Resiliency — The Critical Next Stage Beyond Repair and Rebuilding

Jun 10, 2013   //   by PlanSmart NJ   //   Infrastructure, Lucy Vandenberg, New Jersey, NJ Spotlight, Opinion, PlanSmart NJ, Policy, Redevelopment, Sandy, Speaks Out Blog  //  Comments Off on Opinion: Resiliency — The Critical Next Stage Beyond Repair and Rebuilding

Spending billions to rebuild misses the crux of the issue, and only guarantees that billions more will be spent next time

Photo by Wendell A. Davis Jr./FEMA

Photo by Wendell A. Davis Jr./FEMA

Facing Our Future, a group of experts with substantial state government experience, recently released a report entitled, “Infrastructure Improvements Necessary for Economic Success.” It estimates that $70 billion in upgrades are needed to our state’s infrastructure — if you include energy, water, and transportation.

The choice is not between spending $70 billion and spending nothing. Rather, the choice is one between investing in our future to dramatically reduce the costs of tomorrow’s natural disasters or, alternatively, putting our heads in the sand by reacting to natural disasters only once they happen and spending billions of dollars to rebuild each time one comes down the pike.
The latter approach, as we have seen in the case of Sandy, results in greater loss of life, public health consequences, and severe economic losses and disruptions of residents and businesses. Read more >>

Opinion: Revitalizing NJ for Its Newest Generation of Knowledge Workers

Apr 3, 2013   //   by PlanSmart NJ   //   Economic Development, Economic Redevelopment and Growth Grant Program (ERG), Lucy Vandenberg, New Jersey, NJ Spotlight, Opinion, PlanSmart NJ, Policy, Redevelopment, Speaks Out Blog  //  Comments Off on Opinion: Revitalizing NJ for Its Newest Generation of Knowledge Workers

The Economic Opportunity Act of 2013 could help fund the redevelopment of the state’s urban centers and suburban office parks

Earlier this month, both Senate and Assembly committees took up the Economic Opportunity Act of 2013, a mammoth piece of legislation that consolidates New Jersey’s disparate economic development incentive programs into two. Grow NJ is focused on attracting and retaining companies here in New Jersey, while the Economic Redevelopment and Growth Grant Program (ERG) creates incentives for development and redevelopment in urban and other designated areas.
The bills are moving fast and have garnered widespread support muted by some criticism.

Grow NJ provides financial incentives to companies to encourage economic growth and job creation, as well as to preserve jobs in New Jersey that are at risk of relocation. The bill links incentives to specific job creation goals based on industry type and minimum capital investment thresholds. It also provides increased tax credits to companies that locate in urban and distressed municipalities. Additional tax-credit awards are offered to companies locating in impoverished areas, building near public transit, providing jobs in New Jersey’s targeted growth industries, and adhering to green-design standards, among other categories. Read more >>

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