In the past year, Triad has written and secured two planning grants for Atlantic County and the Atlantic County Economic Alliance: a New Jersey Economic Development Authority-funded Aviation Maintenance and Technical Academy Plan for the County, and a USDA-funded plan for the County’s newly-established Aviation Technology District (ATD) around the Atlantic City International Airport (ACY).
It is envisioned that the ATD will be the central hub of an Aviation Industry Economic Cluster that is getting its wings right here in southern New Jersey. In fact, the County recently held a ribbon-cutting for the anchor institution of this cluster — the National Aviation Research and Technical Park (NARTP) at the ACY – with the Governor and numerous State, County and local officials on hand, which underscores the significance of this project.
In just a short period of time, the NARTP has been successful in recruiting to the park a number of world-renown aviation companies and institutions such as General Dynamics Information Technology, Thunderbolt Software, the FAA LIFT Lab, and the Atlantic County Institute of Technology Aviation Program, and current research partners include Embry Riddle Aeronautical University, New Jersey Institute of Technology, the National Institute of Aerospace, as well as Stockton and Rowan Universities. With more buildings planned, the NARTP will surely be a critical component of the ATD, which is helping the County diversify its economy.
The Atlantic County ATD encompasses all areas within a one-mile radius of ACY and the FAA’s William J. Hughes Technical Center in Pomona and is designated as a Growth Zone by the State of New Jersey. Also, a portion of the ATD in Egg Harbor Township is designated as an Opportunity Zone – an area where new investments, under certain conditions, may be eligible for preferential tax treatment.
As the middle class continues to grow around the world, so does the demand for the aviation industry. While technology changes and the aviation industry grows, the need for research and development, air transportation, air cargo, and other operations will likewise grow. Atlantic County will be well-positioned to capitalize on this growth, and Triad looks forward to continuing its work with the County to help it realize this bright future.