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Governor Murphy Highlights New Jersey’s Readiness to Support Robust Opportunity Zone Activity

TRENTON  – Governor Phil Murphy used today’s New Jersey Opportunity Zone Summit to demonstrate the State’s preparedness for attracting investment to the 169 Opportunity Zones in 75 municipalities spread across New Jersey's 21 counties.

“Attracting investment to areas of the state that have been overlooked or perceived by investors as overly risky is key to achieving our goals for a stronger and fairer economy,” said Governor Murphy. “We are working together across state government to help Opportunity Zone communities put their best foot forward as they compete for investment dollars on a national scale.”

The New Jersey Opportunity Zone Summit, hosted by Choose New Jersey, featured a discussion between Governor Murphy and Anthony Foxx, Chief Policy Officer, Lyft, and former United States Secretary of Transportation. The discussion was facilitated by Choose New Jersey Chief Executive Officer (CEO) Jose Lozano.

Developer, finance firm eye Opportunity Zone projects in Central Jersey

By Joshua Burd

A developer has teamed with a New York-based finance firm to launch a new Opportunity Zone fund platform, with a focus on mixed-use projects in central New Jersey.

The entity, known as Habitas Opportunity Capital, is a joint venture of Forte Real Estate Development and TigerBridge Holdings LLC. The firms on Thursday announced the formation of the platform, which will identify, structure and manage qualified funds under the federal Opportunity Zone program and has already identified projects comprising more than 200 units.

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