Economic Development & Redevelopment

Redevelopment Plans are prepared for designated Areas in Need of Redevelopment and Areas in Need of Rehabilitation. Both designated areas are identified by the governing body per recommendation of the Planning Board and incompliance with state statue for focused planning and economic incentives to stimulate development.  The Township of Toms River has five (5) approved Redevelopment Plans, one of which is almost built out.  The plans identified below are active plans in various stages of redevelopment.  


Micro-Enterprise Grant Program:

About:


The Township of Toms River operates a Micro-Enterprise Grant Program when funding allows.  The program is funded utilized Community Development Block Grant Funding.  Eligible businesses are business with 5 or fewer employees (including owners) and that are low/moderate income or creating new jobs of which 51% will be for low/moderate income employees.  The intent of the program is to assist small startups to begin and grow their business.  

In 2019, one $5,000 grant was awarded.  The program has been reopened to accept applications for the two remaining grants.  The maximum request per business is $5,000.  The applications will be accepted until November 22, 2019.  More information is provided in the links below:

Application:

To view the application please click on micro-enterprise application.   

Frequently Asked Questions:

To view the frequently asked questions click on Frequently Asked Questions for the Micro-Enterprise program.

Micro-Enterprise documents:

To view other documents such as business plan template, cash-flow template, DUNS number information, etc. please click on Microenterprise Documents.



Current Redevelopment Plans

  1. Downtown Phase I Waterfront Redevelopment
  2. Downtown Core Redevelopment
  3. Hooper-Caudina Redevelopment
  4. Coates Point Redevelopment

Architect's rendering of concept for retail and parking frontage at corner of Water and Iron Stre

Architect's rendering of concept for redevelopment project along river's edge

Phase 1 Waterfront Redevelopment Plan

The plan addresses redevelopment of the blocks within the Phase 1 portion of the Downtown Waterfront Redevelopment Area with residential units above retail services within walking distance to the Toms River Bus Depot and the existing Downtown Core is essential to making Toms River’s downtown a true 24/7 center.

The Phase 1 Waterfront Redevelopment Plan was adopted by Township Council on December 26 at 5 p.m.

Downtown Phase 1 Redevelopment Plan

Downtown Waterfront Phase 1 3D Model Animation 9-23-20