This EDA investment supports the city of wildwood with the reconstruction of two and a half blocks of the wildwood boardwalk, located between pine and maple avenues to magnolia avenue in new jersey

The Department of Commerce's Economic Development Administration awarded a $4.095 million Project Grant to the City of Wildwood, New Jersey on April 28, 2022 under the Economic Adjustment Assistance program (CFDA 11.307). The grant funding will support the reconstruction of two and a half blocks of the Wildwood boardwalk between Pine and Maple Avenues to Magnolia Avenue. The boardwalk reconstruction project will enhance the regional economy by ensuring the boardwalk remains an economic driver for tourism-related businesses that are critical to the area's fiscal viability as it recovers from the coronavirus pandemic. Upon completion in November 2022, the improved boardwalk infrastructure will help make the regional economy more resilient to fluctuations in tourism by supporting employment opportunities and private sector investment.

As the primary economic driver for both the city and county, this reconstruction project will not only lead to an increase in customers for businesses on and around the boardwalk, including retail, entertainment, food service, accommodations, short-term property rentals, and other tourism-related businesses, but will ensure that these increases remain a permanent part of the local economy. The reconstruction of the boardwalk ensures that IT remains an economic driver for the coronavirus pandemic economic recovery efforts and to build the resilience of the regional economy that depends on tourism for fiscal viability. Once completed, the project will help the region become more resilient to fluctuations in tourism, which will help increase employment opportunities and spur private investment throughout the region.