The Fort Monmouth Economic Revitalization Authority (FMERA)
was created to provide investment, continuity and economic growth to the communities impacted by the federal government's decision to close Fort Monmouth. FMERA will replace the Fort Monmouth Economic Revitalization Planning Authority and advance that entity's Reuse and Redevelopment Plan for economic development, growth and planning, with a focus on technology-based industries, for the 1,126 acres of real estate at Fort Monmouth following the base closure in September 2011.
The Fort Monmouth Reuse and Redevelopment Plan forwarded by the dissolved planning authority is a highly collaborative blueprint for action to:
- Promote, develop, encourage and maintain employment, commerce,economic development, and the public welfare
- Conserve natural resources; and
- Advance the general prosperity and economic welfare of the people in the affected communities and throughout the state.
FMERA is given a multitude of tools to revitalize and redevelop the Fort Monmouth area and implement the revitalization plan. Among these are the abilities to undertake redevelopment projects, adopt development and design guidelines and land use regulations in connection with the provision of utilities, streets, roads or other infrastructure required for the implementation of the revitalization plan. The New Jersey Economic Development Authority (EDA) will staff FMERA, which is also authorized under the new law to enter into an agreement with the EDA to act as the designated redeveloper.
- For a copy of the law creating FMERA, click here.
- For more information on the EDA, click here.
- For a copy of the Fort Monmouth Reuse & Redevelopment Plan, click here.