The Aviation Research and Technology Park in Egg Harbor will enter into discussions to become an auxiliary organization of The Richard Stockton College of New Jersey, which would allow the college to develop aviation-related academic and research projects and a degree program, according to Stockton.
Currently, the ARTP, a nonprofit corporation, is developing a research facility on 58 acres owned by the Federal Aviation Administration that could generate 2,000 additional technology jobs related to the FAA’s Next Gen project, which is creating a satellite-based air-traffic control system.
“Stockton and the Park have complementary goals,” said Herman J. Saatkamp, Stockton’s president and an ARTP board member. “Stockton is committed to furthering economic development in southern New Jersey by facilitating interaction between academic, commercial and government entities.”
The ARTP aims to develop 400,000 square feet of office space in order to attract commercial, governmental and academic organizations to pursue research and development regarding aviation issues, according to a memorandum of understanding signed between the two entities that allows them to hold formal discussions on the affiliation. The ARTP has received a $930,000 grant from the Casino Reinvestment Development Authority for operating expenses and a $3 million commitment for a loan/grant for construction of the federal laboratory.
“Stockton has been a strong supporter of the park from the very beginning and this (memorandum of understanding) further demonstrates their belief in the park’s vision and their commitment to making the park a reality,” said Ronald J. Esposito, executive director of the ARTP.
The relationship would require approval by Stockton’s board of trustees.
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