Rep. Kim Announces $160,000 Economic Development Grant Award to Lacey Township, Will Support Recovery, Redevelopment, and Jobs in the Region

LACEY TOWNSHIP, NJ – Today, Congressman Andy Kim (NJ-03), announced a $160,000 U.S. Economic Development Administration (EDA) award for Lacey Township to help recover from the Oyster Creek Nuclear Power Station shutdown.

"I'm proud to have helped deliver this money to Lacey Township and our neighbors in Waretown. This relief has been a long time coming and will support economic recovery, redevelopment, and job growth in the region following the Oyster Creek Nuclear Power Station closure," said Congressman Kim. "With over 800 acres of land taken up by the Oyster Creek facility, this grant will help the community plan for the future use of that property, attract good-paying jobs, promote community development, and strengthen our shore economy."

Congressman Kim led a letter to ensure funding for this EDA program that provides assistance to Nuclear Closure Communities. You can find the letter here.

This EDA investment supports the establishment of a Nuclear Closure Community Economic Development Plan for Lacey Township in Forked River, New Jersey. The project will consider and plan for recovery and resilience from the economic loss of the local nuclear generating station, document the cost-benefit for investments in infrastructure to support new business growth, and project and plan for needed workforce development.

The focus will be exploring the redevelopment of the former Oyster Creek site, which represents the largest tract of land open for redevelopment in the Township. The plan includes hiring and working with a consultant to study opportunities to diversify the local economy, to create new job opportunities and leverage private sector investment in the area. Once completed, the plan will be a roadmap for economic recovery and diversification, which will help strengthen the regional economy.

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