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The Asset Activation Planning Grant provides up to $100,000 to help organizations develop plans that demonstrate how to revitalize under-utilized public assets—vacant buildings, distressed land, or underused infrastructure owned by municipalities, counties, or public agencies.

Eligible applicants include New Jersey municipalities, counties, redevelopment agencies, independent authorities, nonprofit organizations, and for-profit entities. Proposals may include conceptual design, feasibility studies, economic analysis, market research, and redevelopment assessments that show how the project will strengthen the regional economy and community.

Applications are open now. Applications require a $1,000 fee. Grant recipients receive 50% of funds upon agreement execution, then 25% each upon mid-way and final progress reports. Eligible projects typically focus on new business sectors, economic equity, public asset innovation, transportation access, workforce attraction, or sustainable land use.