ED25PHI0G0139

THIS EDA INVESTMENT WILL SUPPORT THE RECONSTRUCTION OF JUST OVER FOUR BLOCKS OF THE WILDWOOD BOARDWALK, FROM BURK AVENUE TO APPROXIMATELY 120 FEET PAST HAND AVENUE, IN A REGION WITH A SIGNIFICANT TOURIST ECONOMY. THIS PORTION OF THE WILDWOOD BOARDWALK IS NEARLY 100 YEARS OLD AND IN NEED OF RECONSTRUCTION AS A RESULT OF HURRICANE IDA-RELATED DAMAGE IN 2021. THE EDA INVESTMENT WILL BE MATCHED WITH $3.8 MILLION IN LOCAL FUNDS AND IS EXPECTED TO CREATE OR RETAIN 212 JOBS AND GENERATE $8.6 MILLION IN PRIVATE INVESTMENT, ACCORDING TO GRANTEE ESTIMATES. THIS PROJECT WAS MADE POSSIBLE BY THE REGIONAL PLANNING EFFORTS LED BY THE SOUTH JERSEY ECONOMIC DEVELOPMENT DISTRICT (SJEDD). EDA FUNDS SJEDD TO BRING TOGETHER THE PUBLIC AND PRIVATE SECTORS TO CREATE AN ECONOMIC DEVELOPMENT ROADMAP TO STRENGTHEN THE REGIONAL ECONOMY, SUPPORT PRIVATE CAPITAL INVESTMENT, AND CREATE JOBS.

City Of Wildwood

SUBJECT TO THE AVAILABILITY OF FUNDS, AWARDS MADE UNDER THIS NOFO WILL HELP COMMUNITIES AND REGIONS DEVISE AND IMPLEMENT LONG-TERM ECONOMIC RECOVERY STRATEGIES THROUGH A VARIETY OF NON-CONSTRUCTION AND CONSTRUCTION PROJECTS, AS APPROPRIATE, TO ADDRESS ECONOMIC CHALLENGES IN AREAS WHERE A PRESIDENTIAL DECLARATION OF A MAJOR DISASTER WAS ISSUED UNDER THE ROBERT T. STAFFORD DISASTER RELIEF AND EMERGENCY ASSISTANCE ACT (42 U.S.C. 5121 ET SEQ.) (STAFFORD ACT) AS A RESULT OF HURRICANES IAN AND FIONA, AND OF WILDFIRES, FLOODING, AND OTHER NATURAL DISASTERS OCCURRING IN CALENDAR YEARS 2021 AND 2022.

11.307 - Economic Adjustment Assistance

Economic Development Administration (EDA) [DOC]

Cape May, New Jersey United States

County-Wide

FY 2023 Disaster Supplemental (EDA-DISASTER-2023)