In 2018, the State of New Jersey’s Department of Community Affairs (DCA) and the National Resource Network jointly launched the New Jersey State Resource Network (NJ SRN) – a collaborative effort designed to improve participating cities’ long-term financial health and economic competitiveness.
The NJSRN’s overall goals are to:
- Support State efforts to strengthen the economic competitiveness and operational capacity of eligible municipalities, even including times of transition or significant challenge.
- Provide best-in-class technical assistance in response to issues identified by eligible municipalities and the State.
- Improve the use of, or reduced reliance on, State Transitional Aid and various other State activities and funds deployed in eligible municipalities.
- Identify practical and replicable solutions that other New Jersey communities could use to perform a ‘scan’ of their current resources and capacity. This is a core Network principle—creating a knowledge exchange vehicle of practical solutions that can be useful to a broader set of local governments.
Participating cities in the first year include:
- City of Salem: Integrated Multiyear Financial and Economic Development Plan
- City of Seaside Heights: Integrated Multiyear Financial and Resiliency Plan (underway)
- City of Trenton: Integrated Multiyear Financial and Neighborhood Stabilization Plan (underway)