[CPEO-MEF] REUSE: Fort Monmouth's (NJ) Tech Hub

[Lenny Siegel <lsiegel@cpeo.org>]

MORE PROGRESS IN FORT MONMOUTH’S TECH HUB EVOLUTION, AS MCAFEE CENTER SOON TO COME TO MARKET

by Marc Weinstein  
NJ Tech Weekly
December 3, 2018  

Some communities have been hit hard economically by the shuttering of U.S. military bases, but work underway at Fort Monmouth may help its nearby communities recover more quickly. The once vacant facility, where radar and other military technology were developed, is undergoing a major revitalization aimed at bringing greater prosperity to the area and regaining its former stature as a major hub of technological innovation.

As part of Fort Monmouth’s master redevelopment and reuse plan, government officials, real estate companies and other local businesses are working together to rejuvenate the property, with a view to drawing more technology companies to the sprawling former Army base, which is spread across Monmouth County’s communities of Eatontown, Oceanport and Tinton Falls.

Recently, the state’s economic development agency awarded Monmouth County, in partnership with the Fort Monmouth Economic Revitalization Authority (FMERA), New Jersey Institute of Technology and the New Jersey Innovation Institute, a $100,000 innovation grant to find ways to help turn the former military installation into an emerging tech destination. Monmouth County was one of nine New Jersey cities or counties to receive grants funded by the state’s Innovation Challenge Program, part of Gov. Phil Murphy ’s economic development agenda.

…

For the entire article, see
https://njtechweekly.com/2018/12/03/more-progress-in-fort-monmouths-tech-hub-evolution-as-mcafee-center-soon-to-come-to-market/

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Lenny Siegel
Executive Director
Center for Public Environmental Oversight
a project of the Pacific Studies Center
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650/961-8918 
<lsiegel@cpeo.org>
http://www.cpeo.org

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