NJEDA awards $9.5M for film studio development projects
Summary
During a busy board meeting this week, the New Jersey Economic Development Authority (NJEDA) approved $9.5 million in funding to support five projects as part of its pilot Film and Digital Media Infrastructure Program.The initiative provides grant funding to municipalities, counties and state entities for infrastructure improvements and site work to support film or digital media studio production facility development. The NJEDA says that the program supports economic development in the states burgeoning film and digital media sector leading to the creation of new studios. In turn, that will foster more productions, drive job creation, as well as provide community and regional economic impact and benefits. Jersey City | $2.16 million Will support a planned renovation of 50 Dey St. to create nearly 280,000 square feet of studio production facilities. Township of East Brunswick | $176,100 Will go toward networking infrastructure improvements and a sewer line for the approximately 75,000-square-foot Community Arts Center building.