Menendez, Lautenberg Announce $1.45 Million in Funding To Create Business Park in Franklin Township

Menendez, Lautenberg Announce $1.45 Million in Funding To Create Business Park in Franklin Township

Washington - U.S. Senators Robert Menendez (D-NJ) and Frank Lautenberg (D-NJ) today announced Gloucester County stands to receive $1.45 million from the U.S. Department of Commerce's Economic Development Administration (EDA). This EDA investment will support the renovation of a former 30-acre brownfield site in Franklin Township for re-use as a food business park while creating approximately 205 jobs.

"This project is going to help strengthen Franklin Township's local economy by creating jobs and encouraging economic development," said Senator Menendez. "It's critical we continue to invest in our New Jersey communities and give them the resources they need as they strive to grow and create jobs in this tough economy."

"Thisfederalgrantwill create jobs and boost New Jersey's agricultural and food processing industry,"said Senator Lautenberg, a member of the Commerce Justice, Science Appropriations Subcommittee, which funds EDA. "These targeted funds will help build crucial infrastructure forbusinesses in Gloucester Countyanddrive theregional economyfor years to come."

In addition to EDA's grant, approximately $46 million worth of investment in this project is coming from the private sector. Improvements to this brownfield site will include demolition of a former food processing facility and construction of essential infrastructure necessary to prepare the site for a new business/industrial park targeted at southern New Jersey's strong agricultural and food processing clusters.

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Press Contact

Menendez Press Office 202-224-4744

Lautenberg Press Office 202-224-3248