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Board approves $4.5 million MOU to support National Aerospace Research and Technology Park initiatives
Summary
The board adopted an MOU with the Atlantic County Utilities Authority to accept funding for economic development initiatives in the National Aerospace Research and Technology Park (NARTP) and to amend agreements with the Atlantic County Improvement Authority; Commissioner Risley highlighted a 400,000-square-foot building at the park.
The Atlantic County Board of Commissioners adopted a memorandum of understanding with the Atlantic County Utilities Authority to accept funding for economic development initiatives in the National Aerospace Research and Technology Park (NARTP), authorizing an amended agreement with the Atlantic County Improvement Authority for procurement of services, in an amount not to exceed $4,500,000.
Commissioner Risley described the project as a major economic-development initiative, saying the building under construction is 400,000 square feet and that the NARTP will "provide tremendous opportunities for Atlantic County residents." He urged that the joint effort between ACUA and county economic partners will spur new industry and jobs.
The resolution was moved and seconded; commissioners adopted the measure by roll call. No amendments were recorded at the meeting.
The MOU directs county staff and the improvement authority to proceed with procurement and coordination tied to the NARTP economic-development work, subject to the amount and contracting processes described in the resolution. Commissioners noted the need for continued collaboration among ACUA, the county economic alliance and other partners to implement the projects described.
Background material read into the record referenced the National Aerospace Research and Technology Park and the county's economic-development goals; the transcript records Commissioner Risley's remarks emphasizing building completion and future site activity.
