Fair Lawn Economic Development Corporation Restructures as Fair Lawn Main Street Inc.

On Jan 17, 2023

The Fair Lawn Economic Development Corporation has restructured as Fair Lawn Main Street Inc., a nonprofit entity charged with facilitating and coordinating the strengthening of Fair Lawn’s economic and commercial vitality. Additionally, the new entity is responsible for managing the two special improvement districts within the Borough of Fair Lawn.

“This new structure will enable more resources, volunteer energies, and beautification outcomes to flow into the Broadway and River Road commercial districts” explained Fair Lawn Borough Councilmember Gail Rottenstrich. “In the past year, the Fair Lawn Economic Development Corporation yielded tremendous positive results through its state designated Main Street NJ Program. The creation of Fair Lawn Main Street Inc. allows Fair Lawn’s local needs, goals, and objectives to be better addressed.”

A “special improvement district” refers to an area within a municipality designated by local ordinance as a region in which a special assessment on property within the district is imposed for the purposes of promoting the economic and general welfare of the district and the municipality. Fair Lawn Main Street Inc. shall be assuming a position as the administrator of Fair Lawn’s special improvement districts and will be responsible for executing programs to enhance the local business climate.

On Jan. 11, a 9 member board of directors was elected to lead Fair Lawn Main Street Inc.:

• Abigail Polizois (chairperson)
• Allen Weitzman (vice chairperson / secretary)
• Frank Hall (treasurer)
• Stu Herrmann (Chamber of Commerce rep.)
• Gail Rottenstrich (Borough Council rep.)
• Dennis Cummins (Broadway stakeholder)
• Elyss Frenkel (Broadway stakeholder)
• Jaime Geduldick (River Road stakeholder)
• Alberto Fernendez (River Road stakeholder)

Fair Lawn Main Street Inc. has also established a liaison relationship with the New Jersey Business Action Center. The New Jersey Business Action Center, housed within the New Jersey Department of State, provides specialized and professional services to small businesses.

Services of the New Jersey Business Action Center include mentoring, technical training, regulatory assistance, site selection, export assistance, state-contracting support, emergency preparedness guidance, and access to business recovery programs. The New Jersey Business Action Center also works to connect local businesses with a variety of financing options through the New Jersey Economic Development Authority (NJEDA) and community-based micro
lenders.

“We are honored to have a liaison relationship with the New Jersey Business Action Center,” touted Fair Lawn Main Street Inc. Board Chairperson Abigail Polizois, “this partnership will allow Fair Lawn Main Street Inc. to nurture the Borough’s economic prowess, grow jobs, and help expand Fair Lawn business opportunities.”

To access more business news, visit NJB News Now.

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