Bank, University Partner With Woobridge For Green Technology Park

NJTODAY.NET's online business directory

WOODBRIDGE—Fairleigh Dickinson University and the Citi Foundation will partner with Woodbridge Township in its redevelopment of a Brownfield site to create the Pennval Road Green Technology Park.

The Green Technology Park, which is located on 107 acres in Woodbridge Township, is designed to promote the start-up and production of clean energy technologies, sustainable energy sources, green research and development, and environmental manufacturing and construction.

[smartads]

The Pennval Road Green Technology Park will feature a Green Business Incubator, which will foster new and emerging companies with technology directly related to the environmental sector. Sustainable construction technologies will be employed for the park’s physical facilities.

Building the park is a means of attracting economic development and encouraging job growth in the township and surrounding region. Companies that utilize the Green Business Incubator will have the opportunity to locate their manufacturing on other sites in the park, creating jobs focused on fostering a clean energy and technology business cluster in township.

Fairleigh Dickinson University will serve as a key “green initiative” advisor lending its expertise to facilitate several aspects of the project, including ecological restoration of the site, the establishment of the Green Business Incubator, and the establishment of clean energy capabilities at the site.  FDU will also assist in helping to raise funds for the development of the park.

“Fairleigh Dickinson University considers it part of its mission to offer educational, advisory, and service programs to a wide range of organizations, communities, and individuals that are consistent with the goals of sustainability and environmental enhancement,” said university president Dr. J. Michael Adams. “The Pennval Road Green Technology Park clearly offers an opportunity to fulfill these goals.”

The Citi Foundation has pledged $15,000 to the project as part of its relationship with Fairleigh Dickinson University’s Institute for Sustainable Enterprise.

“Issues of sustainability are a priority for us so the Citi Foundation is pleased to support the Institute for Sustainable Enterprise at Fairleigh Dickinson University with a grant for pre-development of the Green Technology Park in Woodbridge,” said Thomas Sebok, Citi Area Director, Executive Vice President for Citibank in South Jersey.  “We look forward to seeing the park create all-important green jobs and foster green technologies.”

Woodbridge Mayor John E. McCormac noted that the partnership with FDU and the Citi Foundation stands as a milestone for the future development of the first green technology park and business incubator in the state.

“Woodbridge Township has methodically developed plans for the future by implementing innovative, cost-effective, sustainable, environmentally-friendly and energy efficient programs and initiatives geared to provide long-term ‘green’ benefits to the region,” said McCormac.

“The Green Technology Park at the Pennval Road redevelopment site stands as the perfect example of a sustainable initiative that achieves multiple goals – redevelopment, increased ratables, sustainable growth and environmental protection.”

McCormac noted that Congressman Leonard Lance secured $250,000 in funding from the U.S. House of Representative to help launch the Green Technology Park and that the  project previously garnered support from key state, county and municipal agencies, corporations and businesses, educational institutions, environmental groups and community associations, such as the Woodbridge Township Municipal Council, the Mayor’s Environmental Commission, the Woodbridge Township School District, the Woodbridge River Watch Committee, the Woodbridge Economic Development Corporation, and various business, environmental, community and private sector groups and associations.


Connect with NJTODAY.NET


Join NJTODAY.NET's free Email List to receive occasional updates delivered right to your email address!
Email ads@njtoday.net for advertising information Send stuff to NJTODAY.NET Like Us On Facebook Follow Us On Twitter Download this week's issue of NJTODAY.NET