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Carlstadt Receives $3.4M Economic Development Grant

Carlstadt has received a $3.4 million economic development grant.
Carlstadt has received a $3.4 million economic development grant. Photo Credit: Facebook

CARLSTADT, N.J. – The New Jersey Economic Development Authority Borough has given the Borough of Carlstadt a $3.4 million grant to improve the infrastructure of the commercial district east of Route 17 and help spur redevelopment and attract business to relocate there.

Borough officials have been working with the New Jersey Economic Development Authority for close to two years to secure and finalize the grant that will permanently repair numerous streets and improve drainage in the commercial zone that regularly experiences flooding and nearly was destroyed by Superstorm Sandy. The award is the largest grant ever received by Carlstadt.

“This grant is a game-changer for Carlstadt,” said Mayor Craig Lahullier. “We now have the opportunity to get shovels in the ground and improve our commercial zone and bring businesses back to Carlstadt – with no cost at all to the borough’s residents. It’s a win for everyone."

Based the terms of the grant, Kero Road, Jomike Court, Barell Avenue, Eastern Way, Starke Road and 16th Street all will be improved during the course of the next year. Lahullier added that borough officials have long recognized the need for the improvements and the difficulties faced by the business community but they did not have the finances to complete the project until this grant was awarded.

“This is just step one of our overall commitment to attracting businesses and strengthening our local economy,” said Councilman Rich Bartlett, the special projects liaison. “I am proud of our team for securing this award and helping to ensure that Carlstadt remains affordable and attractive for residents and commerce.”

The borough council has selected Neglia Engineering of Lyndhurst to develop a formal plan and estimate for the council’s review in early March. The permitting process in expected to begin in the spring with construction taking place in late summer and the fall.

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